Nasdaq, Inc.

Financials Financial Exchanges & Data New York City, New York Last filing Feb 12, 2026 · FY2025

                    Revenue
                    FY2025
                
Not reported
                    
                    No matching line (19 accounts checked)
                    
                    Net income
                    FY2025
                
$1.8B
                    
                    +60.1%
                    
                    Total assets
                    FY2025
                
$31.1B
                    ROA +5.8%
                    
                    P77
                    
                    +2.2%
                    
                    Operating cash flow
                    FY2025
                
$2.3B
                    
                    +16.3%

18 yrs · FY2008–FY2025 8 filed · 0 derived · 1 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

33 accounts · 3 years

Total assets $31.1B

Total liabilities $18.8B

Shareholders equity $12.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	+2.0%	+30.7%	—
Accounts Receivable	-7.7%	+10.0%	—
Prepaid Expenses	+28.3%	+26.8%	—
Other Current Assets	+28.3%	+26.8%	—
Total Current Assets	+2.8%	-14.4%	—
Property,Plant and Equipment	+22.8%	+3.0%	—
Operating Lease Assets	+19.2%	-6.7%	—
Goodwill	+3.0%	-1.1%	—
Intangible Assets	-5.7%	-7.2%	—
Long Term Investments	+22.8%	+9.7%	—
Other Noncurrent Assets	+27.5%	+17.1%	—
Total Assets	+2.2%	-5.9%	—
Liabilities
Accounts Payable	+4.1%	-19.0%	—
Accrued Liabilities	+12.0%	+7.3%	—
Deferred Revenue	+10.4%	+19.7%	—
Current Portion of Long Term Debt	+8.0%	+37.1%	—
Operating Lease Liabilities	+9.1%	-11.3%	—
Other Current Liabilities	+20.5%	+47.3%	—
Total Current Liabilities	+0.7%	-12.4%	—
Long Term Debt	-5.6%	-10.6%	—
Operating Lease Liabilities Noncurrent	+19.1%	-7.0%	—
Deferred Tax Liabilities	-19.5%	+0.9%	—
Other Noncurrent Liabilities	+4.8%	+4.5%	—
Total Liabilities	-1.9%	-10.6%	—
Equity
Preferred Stock	—	—	—
Common Stock	+0.0%	+0.0%	—
Additional Paid In Capital	-7.4%	+0.6%	—
Retained Earnings	+14.1%	+7.4%	—
Treasury Stock	+10.7%	+10.2%	—
Accumulated Other Comprehensive Income	+15.5%	-9.1%	—
Noncontrolling Interest	-44.4%	-18.2%	—
Total Stockholders Equity	+9.3%	+3.5%	—
Total Liabilitiesand Equity	+2.2%	-5.9%	—

Income Statement

Revenue, expense, and profitability

18 accounts · 3 years

Revenue Not reported

Operating income $2.3B

Net income $1.8B

Account	2025	2024	2023
IncomeStatement
Expenses Cost of Revenue	+9.5%	+26.8%	—
Expenses Selling,General and Administrative	-31.2%	-3.5%	—
Expenses Depreciation and Amortization	+3.1%	+89.8%	—
Expenses Share Based Compensation	+17.0%	+15.6%	—
Expenses Restructuring and Asset Impairment	-63.8%	+45.0%	—
Expenses Operating Expenses	+2.4%	+23.0%	—
Other Income Expense Gross Profit	+12.9%	+19.4%	—
Other Income Expense Operating Income	+29.6%	+13.9%	—
Other Income Expense Interest Income	+39.3%	-75.7%	—
Other Income Expense Other Income/expense	-228.6%	+2200.0%	—
Other Income Expense Income Before Tax	+48.0%	+3.4%	—
Income Tax Income Tax Expense	+7.2%	-2.9%	—
net Income net Income	+60.1%	+5.5%	—
net Income Comprehensive Income	+124.4%	-16.3%	—
Earnings Per Share Basic Eps	+60.8%	-7.6%	—
Earnings Per Share Diluted Eps	+60.1%	-7.2%	—
Earnings Per Share Weighted Average Shares Basic	-0.4%	+14.0%	—
Earnings Per Share Weighted Average Shares Diluted	-0.1%	+13.9%	—

Cash Flow Statement

Operating, investing, and financing flows

22 accounts · 3 years

Operating cash flow $2.3B

Investing cash flow $-1.1B

Financing cash flow $-3.0B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+60.1%	+5.5%	—
Operating Activities Depreciation and Amortization	+3.1%	+89.8%	—
Operating Activities Stock Based Compensation	+17.0%	+15.6%	—
Operating Activities Deferred Income Taxes	+171.6%	-198.5%	—
Operating Activities Changes In Operating Assets and Liabilities	+3.0%	-23.9%	—
Operating Activities Other Non Cash Items	-92.3%	+120.6%	—
Operating Activities net Cash From Operating Activities	+16.3%	+14.3%	—
Investing Activities Capital Expenditures	+28.5%	+31.0%	—
Investing Activities Business Acquisitions	—	-100.0%	—
Investing Activities Other Investing Activities	+143.8%	+966.7%	—
Investing Activities net Cash From Investing Activities	-15.4%	+84.1%	—
Financing Activities Proceeds From Debt	—	-100.0%	—
Financing Activities Repayment of Debt	+58.5%	+100.4%	—
Financing Activities Repurchase of Common Stock	+324.8%	-46.1%	—
Financing Activities Dividends Paid	+11.1%	+22.7%	—
Financing Activities Tax Withholding On Stock Based Compensation	+15.0%	-16.7%	—
Financing Activities Other Financing Activities	+59.3%	+800.0%	—
Financing Activities net Cash From Financing Activities	-15.3%	-160.7%	—
Cash Reconciliation Effect of Exchange Rate On Cash	+235.2%	-365.8%	—
Cash Reconciliation net Change In Cash	+49.2%	-1803.2%	—
Cash Reconciliation Cash At Beginning of Period	-21.4%	-29.7%	—
Cash Reconciliation Cash At End of Period	-21.4%	-29.7%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	—	—	—
Net margin	—	—	—
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	—	—	—
Returns
ROE	+14.6%	+10.0%	+9.8%
ROA	+5.8%	+3.7%	+3.3%
ROIC	+9.4%	+6.9%	+5.7%
Liquidity
Current ratio	1.01x	0.99x	1.01x
Quick ratio	0.19x	0.20x	0.15x
Leverage
D/E	1.54x	1.72x	1.98x
Interest coverage	—	—	5.56x
Efficiency
Asset turnover	—	—	—
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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Nasdaq, Inc.

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