NDAQ

Nasdaq Inc.Stock · FinancialsS&P 500 Equal Weight 0.2% · Nasdaq Composite 0.1% · US Stock Market 0.06% · S&P 500 0.05% · Russell 1000 0.05% · Russell 3000 0.05% · MSCI World 0.05% · MSCI ACWI 0.04%

$91.19-0.89%

as of market close, Sep 11, 2026

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Note

Not the Nasdaq stock index — NDAQ is Nasdaq, Inc., the exchange operator that runs the Nasdaq stock market. Looking for the Nasdaq-100 index?

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How Nasdaq uses its cash

Period

FY2025

Where does Nasdaq's cash go? This Sankey traces cash from net income through operating cash flow into capex, free cash flow, dividends, buybacks, and debt paydown. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Nasdaq Inc. · FY2025 · year ended 2025-12-31

Operating cash flow$2.3BNet income$1.8B · 79%D&A$145M · 6%Stock comp$165M · 7%Working capital$157M · 7%Capex$266M · 12%Free cash flow$2.0B · 88%Dividends$601M · 27%Buybacks$616M · 27%Debt repaid$826M · 37%Cash reserves$54M · 2%

Each fiscal year from SEC filings. Percentages are share of operating cash flow. Sources (net income + non-cash add-backs) flow into operating cash flow, which splits into capex and free cash flow; free cash flow goes to dividends, buybacks, debt paydown, and what's retained. Annual only. For informational purposes only.