FY2025 · ended Dec 31, 2025 · Revenue $8.26B, +11.6% YoY · Filed Feb 12, 2026
Nasdaq, Inc. (NDAQ) files with the SEC under industry code 6200, Security & Commodity Brokers, Dealers, Exchanges & Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $8.3 billion and net income of $1.8 billion. Free cash flow was $2.0 billion. As of Sep 30, 2026 it held $516.0 million in cash and investments and $9.6 billion in total debt.
Revenue (TTM)
$9.15B
+11.5% vs year-ago TTM
Net income (TTM)
$2.08B
+28.2% vs year-ago TTM
Operating cash flow (TTM)
$2.55B
+9.0% vs year-ago TTM
Free cash flow (TTM)
$2.26B
+7.6% vs year-ago TTM
EPS (TTM)
$3.66
+30.4% vs year-ago TTM
Dividend per share (TTM)
$1.16
+13.7% vs year-ago TTM
Shares outstanding
568.44M
-1.2% vs prior year
Net cash
$-9.05B
as of Sep 30, 2026
Operating margin
29.8%
FY 2026
Company profile
- Industry
- Security & Commodity Brokers, Dealers, Exchanges & Services (SIC 6200)
- Listed as
- NDAQ (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- New York, NY
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1120193
- Former names
- NASDAQ OMX GROUP, INC. (until Aug 10, 2015); NASDAQ STOCK MARKET INC (until Feb 27, 2008)
Other Security & Commodity Brokers, Dealers, Exchanges & Services companies
- Cme Group Inc. CME
- Intercontinental Exchange, Inc. ICE
- Cboe Global Markets, Inc. CBOE
- Tradeweb Markets Inc. TW
- LPL Financial Holdings Inc. LPLA
- StoneX Group Inc. SNEX
- BGC Group, Inc. BGC
- TOP Financial Group Ltd TOP
All 18 Security & Commodity Brokers, Dealers, Exchanges & Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.4B | $6.1B | $6.2B | $5.9B |
| Operating income | $2.3B | $1.8B | $1.6B | $1.6B | $1.4B |
| Net income | $1.8B | $1.1B | $1.1B | $1.1B | $1.2B |
| Diluted EPS | $3.09 | $1.93 | $2.08 | $2.26 | $2.35 |
| Operating cash flow | $2.3B | $1.9B | $1.7B | $1.7B | $1.1B |
| Free cash flow | $2.0B | $1.7B | $1.5B | $1.6B | $920.0M |
| Total assets | $31.1B | $30.4B | $32.3B | $20.9B | $20.1B |
| Total liabilities | $18.8B | $19.2B | $21.5B | $14.7B | $13.7B |
| Stockholders' equity | $12.2B | $11.2B | $10.8B | $6.2B | $6.4B |
| Cash and investments | $604.0M | $592.0M | $453.0M | $502.0M | $393.0M |
| Total debt | $10.0B | $10.8B | $10.9B | $6.6B | $7.8B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Officer or director change
|
Oct 26, 2026 | Oct 21, 2026 |
| 10-Q | Quarterly report | Oct 22, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure, Other events
|
Oct 22, 2026 | Oct 22, 2026 |
| 10-Q | Quarterly report | Jul 23, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations, Regulation FD disclosure, Other events
|
Jul 23, 2026 | Jul 23, 2026 |
| 8-K |
Current report
Material agreement, Agreement ended, New debt
|
Jul 1, 2026 | Jun 30, 2026 |
All 1012 Nasdaq, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.