NASDAQ, INC.

NDAQ · Large cap · 0 articles

Financial highlights

Metric	FY 12/31/25	FY 12/31/24	FY 12/31/23	FY 12/31/22	FY 12/31/21
Income Statement
Revenue	$8.3B	$7.4B	$6.1B	$6.2B	$5.9B
Cost of revenue	$3.0B	$2.8B	$2.2B	$2.6B	$2.5B
Gross profit	$5.2B	$4.6B	$3.9B	$3.6B	$3.4B
Operating expenses	$2.9B	$2.9B	$2.3B	$2.0B	$2.0B
Operating income	$2.3B	$1.8B	$1.6B	$1.6B	$1.4B
Interest expense	$367.0M	$414.0M	$284.0M	$129.0M	$125.0M
Pretax income	$2.1B	$1.4B	$1.4B	$1.5B	$1.5B
Income tax expense	$358.0M	$334.0M	$344.0M	$352.0M	$347.0M
Net income	$1.8B	$1.1B	$1.1B	$1.1B	$1.2B
Balance Sheet
Cash and equivalents	$604.0M	$592.0M	$453.0M	$502.0M	$393.0M
Current assets	$8.0B	$7.8B	$9.1B	$8.6B	$7.4B
Total assets	$31.1B	$30.4B	$32.3B	$20.9B	$20.1B
Current liabilities	$8.0B	$7.9B	$9.0B	$8.8B	$7.9B
Total liabilities	$18.8B	$19.2B	$21.5B	$14.7B	$13.7B
Total debt	$9.0B	$9.5B	$10.5B	$5.4B	$5.8B
Stockholders' equity	$12.2B	$11.2B	$10.8B	$6.2B	$6.4B
Cash Flow Statement
Cash from operations	$2.3B	$1.9B	$1.7B	$1.7B	$1.1B
Depreciation and amortization	$145.0M	$125.0M	$117.0M	$105.0M	$108.0M
Stock-based compensation	$165.0M	$141.0M	$122.0M	$106.0M	$90.0M
Capital expenditure	$266.0M	$207.0M	$158.0M	$152.0M	$163.0M
Free cash flow	$2.0B	$1.7B	$1.5B	$1.6B	$920.0M
Dividends paid	$601.0M	$541.0M	$441.0M	$383.0M	$350.0M
Share repurchases	$616.0M	$145.0M	$269.0M	$308.0M	$468.0M
Impairments	$0	$0	$23.0M	$0	$0

Shares outstanding 565.5M · Free float 61.8%

Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.