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
☾ AH — —
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?
NDAQ financial statements
The full income statement, balance sheet, and cash-flow statement for Nasdaq Inc. (NDAQ), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 575.9M2024-09 574.8M2024-12 575.1M2025-03 574.1M2025-06 573.8M2025-09 571.0M2025-12 568.4M2026-03 565.5M2026-06 559.0M-2.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 8.26B+11.6% | 7.40B+22.0% | 6.06B-2.6% | 6.23B+5.8% | 5.89B+4.6% | |
| 5.25B+12.9% | 4.65B+19.4% | 3.90B+8.7% | 3.58B+4.7% | 3.42B+17.8% | ||
| Cost of revenue | 3.01B+9.5% | 2.75B+26.8% | 2.17B-18.0% | 2.64B+7.2% | 2.47B-9.4% | |
| 2.92B+2.4% | 2.85B+23.0% | 2.32B+14.8% | 2.02B+2.0% | 1.98B+18.6% | ||
| Selling, general & administrative | 75.0M-31.2% | 109M-3.5% | 113M-9.6% | 125M+47.1% | 85.0M-40.1% | |
| General & administrative | 75.0M-31.2% | 109M-3.5% | 113M-9.6% | 125M+47.1% | 85.0M-40.1% | |
| Restructuring | 42.0M-63.8% | 116M+45.0% | 80.0M+433.3% | 15.0M-51.6% | 31.0M-35.4% | |
| Amortization of intangibles | 487M-0.2% | 488M+136.9% | 206M+34.6% | 153M-10.0% | 170M+65.0% | |
| Operating income | 2.33B+29.6% | 1.80B+13.9% | 1.58B+0.9% | 1.56B+8.5% | 1.44B+16.8% | |
| Interest expense | 367M-11.4% | 414M+45.8% | 284M+120.2% | 129M+3.2% | 125M+23.8% | |
| Interest & investment income | 39.0M+39.3% | 28.0M-75.7% | 115M+1542.9% | 7.00M+600.0% | 1.00M-75.0% | |
| Other non-operating income | -27.0M-228.6% | 21.0M+2200.0% | -1.00M-150.0% | 2.00M-97.5% | 81.0M+1520.0% | |
| Equity-method income | 83.0M+418.8% | 16.0M+328.6% | -7.00M-122.6% | 31.0M-40.4% | 52.0M-25.7% | |
| Pre-tax income | 2.15B+48.0% | 1.45B+3.4% | 1.40B-5.0% | 1.48B-3.8% | 1.53B+26.6% | |
| Income tax | 358M+7.2% | 334M-2.9% | 344M-2.3% | 352M+1.4% | 347M+24.4% | |
| 1.79B+60.1% | 1.12B+5.5% | 1.06B-5.9% | 1.13B-5.2% | 1.19B+27.2% | ||
| Net income to non-controlling interest | -1.00M+50.0% | -2.00M+0.0% | -2.00M+0.0% | -2.00M | 0.00 | |
| $3.09+60.1% | $1.93-7.2% | $2.08-8.0% | $2.26-3.8% | $2.35+26.3% | ||
| EPS (basic) | $3.12+60.8% | $1.94-7.6% | $2.10-7.9% | $2.28-4.2% | $2.38+25.9% | |
| Weighted-avg shares (basic) | 573M-0.4% | 575M+14.0% | 505M+2.5% | 492M-1.1% | 498M+0.9% | |
| Weighted-avg shares (diluted) | 579M-0.1% | 579M+13.9% | 508M+2.1% | 498M-1.4% | 505M+0.9% | |
| Dividends per share | $1.05+11.7% | $0.94+9.3% | $0.86+10.3% | $0.78+11.4% | $0.70+7.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 8.00B+2.8% | 7.79B-14.4% | 9.10B+5.7% | 8.60B+15.9% | 7.42B-3.1% | ||
| Cash & equivalents | 604M+2.0% | 592M+30.7% | 453M-9.8% | 502M+27.7% | 393M-85.7% | |
| Accounts receivable | 943M-7.7% | 1.02B+10.0% | 929M+37.2% | 677M+15.1% | 588M+3.9% | |
| Other current assets | 376M+28.3% | 293M+26.8% | 231M+14.9% | 201M-31.6% | 294M+68.0% | |
| 31.1B+2.2% | 30.4B-5.9% | 32.3B+54.8% | 20.9B+3.7% | 20.1B+11.9% | ||
| Property, plant & equipment | 728M+22.8% | 593M+3.0% | 576M+8.3% | 532M+4.5% | 509M+7.2% | |
| Operating lease right-of-use | 447M+19.2% | 375M-6.7% | 402M-9.5% | 444M+21.3% | 366M-3.9% | |
| Goodwill | 14.4B+3.0% | 14.0B-1.1% | 14.1B+74.2% | 8.10B-4.0% | 8.43B+23.1% | |
| Intangible assets | 6.51B-5.7% | 6.91B-7.2% | 7.44B+188.4% | 2.58B-8.2% | 2.81B+24.7% | |
| Deferred tax assets | 27.0M+92.9% | 14.0M+100.0% | 7.00M+133.3% | 3.00M+50.0% | 2.00M-33.3% | |
| Other non-current assets | 993M+27.5% | 779M+17.1% | 665M+9.4% | 608M+6.5% | 571M+59.5% | |
| 7.96B+0.7% | 7.90B-12.4% | 9.03B+2.2% | 8.84B+12.2% | 7.87B+59.9% | ||
| Accrued liabilities | 280M+4.1% | 269M-19.0% | 332M+79.5% | 185M+0.0% | 185M+5.7% | |
| Deferred revenue | 785M+10.4% | 711M+19.7% | 594M+66.4% | 357M+8.5% | 329M+40.0% | |
| Short-term & current debt | 431M+8.0% | 399M+37.1% | 291M-56.2% | 664M-34.8% | 1.02B | |
| Current lease liability | 60.0M+9.1% | 55.0M-11.3% | 62.0M+14.8% | 54.0M+45.9% | 37.0M-19.6% | |
| Other current liabilities | 259M+20.5% | 215M+47.3% | 146M+19.7% | 122M+6.1% | 115M-5.0% | |
| 18.8B-1.9% | 19.2B-10.6% | 21.5B+46.0% | 14.7B+7.3% | 13.7B+18.8% | ||
| Long-term debt | 8.57B-5.6% | 9.08B-10.6% | 10.2B+114.6% | 4.74B-1.6% | 4.81B-13.2% | |
| Non-current lease liability | 462M+19.1% | 388M-7.0% | 417M-7.7% | 452M+17.1% | 386M-0.8% | |
| Operating lease liability (total) | 522M+17.8% | 443M-7.5% | 479M-5.3% | 506M+19.6% | 423M-2.8% | |
| Deferred tax liabilities | 1.58B-0.6% | 1.59B-2.9% | 1.64B+260.1% | 456M+12.3% | 406M-19.1% | |
| Other non-current liabilities | 241M+4.8% | 230M+4.5% | 220M-2.7% | 226M-3.4% | 234M+25.1% | |
| 12.2B+9.3% | 11.2B+3.5% | 10.8B+75.8% | 6.15B-3.8% | 6.39B-0.6% | ||
| Common stock | — | — | — | — | 2.00M+0.0% | |
| Additional paid-in capital | 5.12B-7.4% | 5.53B+0.6% | 5.50B+280.3% | 1.45B-25.9% | 1.95B-23.5% | |
| Retained earnings | 9.59B+14.1% | 8.40B+7.4% | 7.83B+8.6% | 7.21B+11.5% | 6.46B+14.9% | |
| Treasury stock | 716M+10.7% | 647M+10.2% | 587M+14.0% | 515M+17.8% | 437M+16.2% | |
| Accumulated other comprehensive income | -1.77B+15.5% | -2.10B-9.1% | -1.92B+3.4% | -1.99B-25.5% | -1.59B-16.0% | |
| Non-controlling interest | 5.00M-44.4% | 9.00M-18.2% | 11.0M-15.4% | 13.0M+30.0% | 10.0M+233.3% | |
| Total equity incl. non-controlling | 12.2B+9.2% | 11.2B+3.4% | 10.8B+75.6% | 6.16B-3.8% | 6.41B-0.5% | |
| Total liabilities & equity | 31.1B+2.2% | 30.4B-5.9% | 32.3B+54.8% | 20.9B+3.7% | 20.1B+11.9% | |
| Common shares issued | 595M-0.7% | 599M+0.2% | 598M+16.5% | 513M-1.4% | 520M+1.2% | |
| Common shares outstanding | 570M-0.9% | 575M+0.0% | 575M+16.9% | 492M-1.6% | 500M+1.1% | |
| Shares outstanding (cover) | 568M-1.2% | 575M-0.0% | 575M+17.6% | 489M-0.9% | 493M-0.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 2.25B+16.3% | 1.94B+14.3% | 1.70B-0.6% | 1.71B+57.5% | 1.08B-13.5% | ||
| Depreciation & amortization | 145M+16.0% | 125M+6.8% | 117M+11.4% | 105M-2.8% | 108M+9.1% | |
| Intangible amortization | 487M-0.2% | 488M+136.9% | 206M+34.6% | 153M-10.0% | 170M+65.0% | |
| Share-based compensation | 165M+17.0% | 141M+15.6% | 122M+15.1% | 106M+17.8% | 90.0M+3.4% | |
| Deferred income taxes | 48.0M+171.6% | -67.0M-198.5% | 68.0M+78.9% | 38.0M-59.6% | 94.0M+129.3% | |
| -1.10B-15.4% | -953M+84.1% | -5.99B-12332.7% | 49.0M+101.8% | -2.65B-2074.6% | ||
| Capital expenditure | 266M+28.5% | 207M+31.0% | 158M+3.9% | 152M-6.7% | 163M-13.3% | |
| Free cash flow | 1.99B+14.8% | 1.73B+12.6% | 1.54B-1.0% | 1.55B+68.9% | 920M-13.5% | |
| Acquisitions | 0.00 | 0.00-100.0% | 5.77B+13963.4% | 41.0M-98.3% | 2.43B+1447.8% | |
| Other investing activities | 78.0M+143.8% | 32.0M+966.7% | 3.00M+109.1% | -33.0M-137.9% | 87.0M+222.2% | |
| -2.95B-15.3% | -2.56B-160.7% | 4.22B+307.3% | 1.04B-26.9% | 1.42B-25.8% | ||
| Long-term debt issued | 0.00 | 0.00-100.0% | 5.61B+940.4% | 539M-34.7% | 826M-78.3% | |
| Long-term debt repaid | 826M+58.5% | 521M+100.4% | 260M-76.3% | 1.10B+36.4% | 804M-45.2% | |
| Common stock issued | 0.00 | 0.00-100.0% | 29.0M+26.1% | 23.0M-11.5% | 26.0M-48.0% | |
| Common stock repurchased | 616M+324.8% | 145M-46.1% | 269M-12.7% | 308M-34.2% | 468M+110.8% | |
| Dividends paid | 601M+11.1% | 541M+22.7% | 441M+15.1% | 383M+9.4% | 350M+9.4% | |
| Other financing activities | 43.0M+59.3% | 27.0M+800.0% | 3.00M-62.5% | 8.00M+14.3% | 7.00M+133.3% | |
| FX effect on cash | 726M+235.2% | -537M-365.8% | 202M+115.6% | -1.29B-290.6% | -331M-193.8% | |
| Net change in cash | -1.07B+49.2% | -2.11B-1803.2% | 124M-91.7% | 1.50B+410.1% | -483M-114.2% | |
| Interest paid | 354M-12.6% | 405M+128.8% | 177M+52.6% | 116M-1.7% | 118M+21.6% | |
| Income taxes paid | 373M+4.2% | 358M+40.9% | 254M-7.3% | 274M-45.3% | 501M+72.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 55.2B+24.2% | 44.5B+32.6% | 33.5B+11.3% | 30.1B-12.7% | 34.5B+57.8% | |
| P/E | 30.9×-22.4% | 39.8×+31.0% | 30.4×+15.3% | 26.3×-9.4% | 29.1×+24.1% | |
| P/S | 6.7×+11.2% | 6.0×+7.5% | 5.6×+13.4% | 4.9×-15.9% | 5.9×+50.8% | |
| P/B | 4.5×+13.7% | 4.0×-23.4% | 5.2×+1.1% | 5.1×-5.0% | 5.4×+58.8% | |
| P/FCF | 27.8×+8.1% | 25.7×+24.2% | 20.7×-2.1% | 21.1×-43.8% | 37.5×+82.5% | |
| Earnings yield | 3.2%+28.9% | 2.5%-23.7% | 3.3%-13.3% | 3.8%+10.4% | 3.4%-19.4% | |
| FCF yield | 3.6%-7.5% | 3.9%-19.5% | 4.8%+2.1% | 4.7%+77.8% | 2.7%-45.2% | |
| Dividend yield | 1.1%-11.1% | 1.2%-17.8% | 1.5%+16.3% | 1.3%+27.1% | 1.00%-31.9% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: NDAQ’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NDAQ filings on SEC EDGAR → Not investment advice.