Nasdaq, Inc.
NDAQNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026Score 18/3033% above fair value
$108.62+2.39 (+2.25%)
Close on Nov 2, 2026Market cap $60.72BP/E 31.7Yield 0.97%
Nasdaq Non-GAAP Operating Expenses: $2,331M in FY2025, up 7.8% from a year earlier.
Latest, FY2025
2,331
Period ended Dec 31, 2025
Change on a year earlier
+7.8%
2,162 in FY2024
History
6 years
Since FY2020
Sources
5
Documents cited below
Where the FY2025 figure comes from
Source: Form 8-K Earnings Release Ex-99.1 (filed 2026-01-29) ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP Operating Expenses ($M) | Year on year | Source |
|---|---|---|---|---|
| FY2025 | Dec 31, 2025 | 2,331 | +7.8% | Form 8-K Earnings Release Ex-99.1 (filed 2026-01-29) ↗ |
| FY2024 | Dec 31, 2024 | 2,162 | +18.1% | Form 8-K Earnings Release Ex-99.1 (filed 2026-01-29) ↗ |
| FY2023 | Dec 31, 2023 | 1,830 | +6.3% | Form 8-K Earnings Release Ex-99.1 (filed 2025-01-29) ↗ |
| FY2022 | Dec 31, 2022 | 1,721 | +6.5% | Form 8-K Earnings Release Ex-99.1 (filed 2024-01-31) ↗ |
| FY2021 | Dec 31, 2021 | 1,616 | +14.3% | Form 8-K Earnings Release Ex-99.1 (filed 2023-01-25) ↗ |
| FY2020 | Dec 31, 2020 | 1,414 | – | Form 8-K Earnings Release Ex-99.1 (filed 2022-01-26) ↗ |
Breakdown
What makes up non-GAAP Operating Expenses
Cite this data
StockData. (2026). Nasdaq Non-GAAP Operating Expenses ($M), annual FY2020–FY2025 [Data set]. Compiled from Nasdaq SEC filings and investor materials. https://stockdatahq.com/stocks/ndaq/kpis/nongaap-op-expenses
See every metric in the Nasdaq KPI table. Data updated Nov 2, 2026.