NDAQNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31

NASDAQ, INC.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026

$93.20−0.77 (-0.82%)

Close on Oct 19, 2026

Market cap: $52.91B
P/E (TTM): 27.2
Dividend yield: 1.13%

NASDAQ, INC. income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31	FY 2008 2008-12-31
Revenue	8,262	7,400	6,064	6,226	5,886	5,625	4,258	4,277	3,948	3,704	3,403	3,500	3,211	3,120	3,438	3,191	3,411	3,650
Cost of Revenue	3,013	2,751	2,169	2,644	2,466	2,722	1,723	1,751	1,537	1,428	1,313	1,433	1,316	1,446	1,748	1,675	1,958	2,190
Gross Profit	5,249	4,649	3,895	3,582	3,420	2,903	2,535	2,526	2,411	2,276	2,090	2,067	1,895	1,674	1,690	1,516	1,453	1,460
General & Administrative	75	109	113	125	85	142	125	120	82	73	65	89	80	58	83	93	59	62
Advertising Expenses	65	54	47	51	57	39	39	37	31	30	28	32	30	26	24	20	15	19
Operating Expenses	2,918	2,851	2,317	2,018	1,979	1,669	1,518	1,498	1,420	1,440	1,370	1,313	1,207	984	994	885	850	820
Total Costs & Expenses	1,914	1,777	1,491	1,417	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Operating Income	2,331	1,798	1,578	1,564	1,441	1,234	1,017	1,028	991	836	720	754	688	690	696	631	603	640
Interest Expense	367	414	284	129	125	101	124	150	143	135	111	117	111	97	119	102	102	97
Interest & Investment Income	39	28	115	7.00	1.00	4.00	10	10	7.00	5.00	4.00	6.00	9.00	10	11	9.00	13	35
Income from Equity Investments	83	16	-7.00	31	52	70	84	18	15	2.00	17	0	-2.00	-1.00	2.00	2.00	-107	27
Other Non-Operating Income	-27	21	-1.00	2.00	81	5.00	–	–	–	–	–	–	–	–	–	–	–	–
Merger & Restructuring Charges	42	116	80	15	31	48	39	0	0	41	172	0	9.00	44	–	–	–	–
Asset Impairment Charges	0	0	23	0	0	0	0	0	0	578	0	49	14	40	18	0	13	42
Gain (Loss) on Investments	–	–	–	–	–	0	0	118	0	0	–	–	30	–	–	–	–	–
Gain (Loss) on Sale of Assets	86	0	0	0	84	0	27	33	0	0	–	–	–	-14	–	-11	–	–
Pretax Income	2,145	1,449	1,401	1,475	1,534	1,212	1,019	1,064	872	133	630	594	600	548	573	526	391	–
Income Tax Expense	358	334	344	352	347	279	245	606	143	27	203	181	216	199	190	137	128	-4.00
Net Income incl. Noncontrolling Interests	1,787	1,115	1,057	1,123	1,187	933	–	458	729	106	427	413	384	349	383	389	263	315
Minority Interest in Earnings	-1.00	-2.00	-2.00	-2.00	0	0	–	–	0	0	-1.00	-1.00	-1.00	-3.00	-4.00	-6.00	-3.00	1.00
Net Income	1,788	1,117	1,059	1,125	1,187	933	774	458	729	106	428	414	385	352	387	395	266	314
Net Income to Common	–	–	–	–	–	–	–	–	–	–	–	–	–	352	387	394	266	–
EPS (Basic)(per share)	3.12	1.94	2.10	2.28	2.38	1.89	1.56	0.92	1.46	0.21	0.85	0.82	0.77	0.70	0.73	0.65	0.43	0.55
EPS (Diluted)(per share)	3.09	1.93	2.08	2.26	2.35	1.86	1.54	0.91	1.43	0.21	0.83	0.80	0.75	0.68	0.72	0.64	0.42	0.52
Shares Outstanding (Basic, Weighted)(shares)	573	575	505	492	498	493	495	496	499	496	502	507	501	505	529	609	614	–
Shares Outstanding (Diluted, Weighted)(shares)	579	579	508	498	505	501	501	503	509	506	514	519	514	518	540	620	644	–
Dividend per Share(per share)	1.05	0.94	0.86	0.78	0.70	0.65	0.62	0.57	0.49	0.40	0.30	0.19	0.17	0.13	–	–	–	–
EBITDA	2,476	1,923	1,695	1,669	1,549	1,333	1,106	1,129	1,087	924	796	822	747	742	750	677	650	733
Net Interest Income	–	–	–	–	–	–	–	–	–	–	–	–	–	87	108	93	89	–

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: 64.2%
Operating margin: 29.5%
Net margin: 22.5%
Return on equity, FY2025: 15.3%

Financial strength

Current ratio: 1.01
Debt to equity: 0.73
Debt to assets: 32.0%
Cash to current liabilities: 11.5%

Valuation

P/E ratio: 27.2
Price to sales: 6.05
Price to book: 4.41
Dividend yield: 1.13%