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  4. NASDAQ INC - ORDINARY SHARES - 144A
Nasdaq Inc - Ordinary Shares - 144A
XNAS: NDAQ
92.540.58(0.63%)
259.9K
XNAS Volume

XNAS 15 Oct, 2026 10:03 AM (EDT)

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Board Meeting
The next board meeting for Nasdaq is on 22 Oct 2026 for the purpose of Nasdaq Inc Third Quarter Earnings Conference Call for 2026See details

Nasdaq quarterly and annual earnings report: results, revenue, profit, P&L, balance sheet, cash flow, financial ratios, revenue mix, peer comparison, and financial documents

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Forecaster Analyst Estimates for Nasdaq share price target, revenues, EPS, net income and more

Nasdaq quarterly results: revenue, profit, and P&L – 13 quarter history

  • POSITIVE

    Quarterly Revenue Nasdaq Jun-2026 Quarterly Revenue is $2,532 Million which is growth of 21.1% YoY.

  • POSITIVE

    Quarterly Net Profit Nasdaq Jun-2026 Quarterly Net Profit is $507 Million which is growth of 12.2% YoY.

Nasdaq Inc - Ordinary Shares - 144A, Earnings Report - Quarterly Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphJun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24Jun '24Mar '24Dec '23Sep '23Jun '23
Operating Rev.
2,5322,1372,1241,9582,0902,0902,0301,9021,7921,6741,6471,4511,433
Cost Of Rev.
1,5121,1791,1821,0881,2291,2741,2191,1681,048973907838834
Gross Profit
1,020958942870861816811734744701740613599
⌄
289286291263264240269254261256259161158
Operating Profit
731672651607597576542480483445481452441
-78-81-81-79-83-85-93-94-96-102-81-29-28
Profit Before Tax
653677580529548488439356341312278391337
Tax
146158621069693845111979829770
⌄
507519518423452395355306222234197294267
Diluted NI Avail to Com Stockholders Ann.
507519518423452395355306222234197294267
Basic EPS
0.90.90.90.70.80.70.60.50.40.40.40.60.5
Diluted EPS After ExtraOrdinary
1.1110.90.90.80.80.70.70.60.70.70.7
Number Of Shares End
564.2566.8570.7573.3574.1575.1574.8575.1576.4575.5547.6491.3490.8
Net Income Continuing Discontinued Operations
507519518423452395355306222234197294267
Normalized Income
605549554511492456438429397367395349350
Interest Income
86781211886629728
Interest
8384858492929798991031069734
Net Interest Income
-78-81-81-79-83-85-93-94-96-102-81-29-28
EBIT
728755658605628569528446434409355416363
EBITDA
894920819763785725681598587564480480428
Reconciled Cost Of Rev.
1,5111,1791,1821,0881,2301,2741,2191,1691,048973907838834
Reconciled Depr.
1661651611581571561531521531551256465
Profit From Continuing Operations
507519518423451395355305222233196294266
Normalized EBITDA
921852799794788765714639653605637573495
*All financials are in USD Million and price data in USD

Nasdaq competitor comparison and performance snapshot within industry

Nasdaq annual results: revenue, profit, P&L, and margins as of Dec 2025 – 11 year history

  • POSITIVE

    Annual Revenue Nasdaq Dec-2025 Annual Revenue is $8,262 Million which is growth of 11.6% YoY.

  • POSITIVE

    Annual Net Profit Nasdaq Dec-2025 Annual Net Profit is $1,788 Million which is growth of 60.1% YoY.

Nasdaq Inc - Ordinary Shares - 144A, Earnings Report - Annual Results, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsTTMDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
9.9%
8%
 8,2627,4006,0646,2265,8865,6274,2624,2773,9653,7053,403
Cost Of Rev. Ann.
7.1%
5.3%
4,9614,7734,4113,5183,8873,6543,6852,5982,6222,3702,2382,037
Gross Profit Ann.
14.3%
12.4%
3,7903,4892,9892,5462,3392,2321,9421,6641,6551,5951,4671,366
Operating Exp. Ann.
15.9%
11%
1,1291,0561,040740678673627578606552511464
Operating Profit Ann.
13.6%
13.1%
2,6612,4331,9491,8061,6611,5591,3151,0861,0491,043956902
-
-
-319-328-386-169-122-124-97-114-140-136-130-107
Other Exp. Ann.
-
-
 40-114-236-6499-647155-27-690-165
PBT Ann.
13.3%
12.1%
2,4392,1451,4491,4011,4751,5341,2121,0191,064880136630
Tax Ann.
0.6%
5.1%
47235833434435234727924560614628203
⌄
16.7%
13.9%
1,9671,7881,1171,0591,1251,187933774458734108428
Diluted NI Avail to Com Stockholders Ann.
16.7%
13.9%
1,9671,7881,1171,0591,1251,187933774458734108428
EPS Ann.
10.5%
10.3%
 3.11.92.12.32.41.91.60.91.50.20.9
Diluted EPS Ann.
10.5%
10.3%
 3.11.92.12.32.41.91.50.91.40.20.8
Number Of Shares End
5.1%
2.9%
 570.7574.8547.6491.3501.3493.6493.4493.6500.6497.5493.6
Total Exp. Ann.
8.5%
6.2%
 5,8295,4514,2584,5654,3274,3123,1763,2282,9222,7492,501
Net Income Continuing Discontinued Operations Ann.
16.7%
13.9%
1,9671,7881,1171,0591,1251,187933774458734108428
Normalized Income Ann.
15%
14.3%
2,2192,0141,6311,4331,3241,2731,031835811688621581
Interest Income Ann.
77.3%
57.7%
2939281157141010754
Interest Ann.
43.4%
30.6%
33635439827212011593115140135129106
EBITDA Ann.
18.8%
15.5%
3,3963,0922,4321,8811,8461,9261,5031,3141,4041,196430870
Reconciled Cost Of Rev. Ann.
7.1%
5.3%
4,9604,7734,4113,5183,8873,6543,6852,5982,6222,3702,2382,037
Reconciled Depr. Ann.
34.8%
25.6%
650632613323258278202190210188170138
Profit From Continuing Operations Ann.
16.7%
13.9%
1,9671,7871,1151,0571,1231,187933774458734108427
Normalized EBITDA Ann.
17.3%
14.7%
3,3663,1472,6112,2241,9501,9611,5881,3661,2771,2451,1271,056
*All financials are in USD Million and price data in USD
Total Rev. Ann.
1Y CHG
11.6%
2Y CAGR
16.7%
3Y CAGR
9.9%
5Y CAGR
8%
7Y CAGR
9.9%
10Y CAGR
9.3%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
1Y CHG
60.1%
2Y CAGR
29.9%
3Y CAGR
16.7%
5Y CAGR
13.9%
7Y CAGR
21.5%
10Y CAGR
15.4%
Net Profit Annual growth is higher than historical averages.
Operating Exp. Ann.
1Y CHG
1.5%
2Y CAGR
19.5%
3Y CAGR
15.9%
5Y CAGR
11%
7Y CAGR
8.3%
10Y CAGR
8.6%
Operating Expenses Annual Cr growth is lower than historical averages.

Nasdaq balance sheet as of Dec 2025: assets, liabilities, reserves, and borrowings – 11 year history

  • POSITIVE

    Total Shareholders Fund Nasdaq Dec-2025 Total Shareholders Fund is $12,227 Million which is growth of 9.3% YoY.

  • POSITIVE

    Total Assets Nasdaq Dec-2025 Total Assets is $31,053 Million which is growth of 2.2% YoY.

Nasdaq Inc - Ordinary Shares - 144A, Balance Sheet, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
14.2%
11.5%
31,05330,39532,29420,86820,11517,97913,92415,70015,78614,15011,861
⌄
8.6%
10.3%
18,82119,19521,46714,70413,71011,5438,28510,2519,8998,7206,252
⌄
25.7%
13.7%
12,22711,19110,8166,1516,3956,4335,6395,4495,8875,4305,609
Total Capitalization Ann.
24.1%
11.7%
20,80020,27220,97910,88611,20711,9748,6358,4059,6149,0337,973
Tangible Assets Ann.
-
-
-8,655-9,671-10,739-4,529-4,851-2,672-2,976-3,214-3,167-2,691-1,745
Working Capital Ann.
-
-56.6%
42-11671-231-4492,73663-200267478340
Invested Capital Ann.
22.5%
12.1%
21,23120,67121,27011,55012,22511,9749,0269,28010,0949,0337,973
Tangible Book Value Ann.
-
-
-8,655-9,671-10,739-4,529-4,851-2,672-2,976-3,214-3,167-2,691-1,745
Borrowings Ann.
17.4%
9.8%
9,4669,86810,8715,8516,2165,9303,7183,8314,2073,6032,364
Net Debt Ann.
19.7%
24.6%
8,4008,88810,0014,8975,4372,7963,0553,2863,8303,2002,063
Share Issued Ann.
5%
3%
594.6598.9598513.2520.3513.8513.2512.1526.3511.5501.7
Number Of Shares End
5.1%
2.9%
570.7574.8547.6491.3501.3493.6493.4493.6500.6497.5493.6
*All financials are in USD Million and price data in USD
Total Assets Ann.
1Y CHG
2.2%
2Y CAGR
-1.9%
3Y CAGR
14.2%
5Y CAGR
11.5%
7Y CAGR
10.2%
10Y CAGR
10.1%
Total Assets Annual growth is lower than historical averages.
Total Current Liabilities Ann.
1Y CHG
0.7%
2Y CAGR
-6.1%
3Y CAGR
-3.4%
5Y CAGR
10.1%
7Y CAGR
2.8%
10Y CAGR
10.5%
Total Current Liabilities Annual Cr growth is stable compared to historical averages.
Total ShareHolders Funds Ann.
1Y CHG
9.3%
2Y CAGR
6.3%
3Y CAGR
25.7%
5Y CAGR
13.7%
7Y CAGR
12.2%
10Y CAGR
8.1%
Total ShareHolders Funds Annual growth is lower than historical averages.

Nasdaq ROE, ROCE, book value, and debt-to-equity ratio as of Dec 2025 – 11 year history

  • POSITIVE

    Book Value Per Share Nasdaq Book Value Per Share is $22 which is growth of 10.5% YoY.

  • NEUTRAL

    ROE Nasdaq ROE is 0% which is growth of 0% YoY.

Nasdaq Inc - Ordinary Shares - 144A, Ratios, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
RoA Ann. %
-
-
-3.56%3.98%5.49%6.23%5.85%5.23%2.91%4.90%0.83%3.57%
ROE Ann. %
-
-
-10.15%12.48%17.93%18.51%15.46%13.96%8.08%12.97%1.96%7.51%
ROIC %
-
-
-21.32.22.22.22.4-0.22.7-2.22
OPM Ann. %
3.3%
4.7%
29.45%26.34%29.78%26.68%26.49%23.37%25.48%24.53%26.31%25.80%26.51%
Inventory Turnover Ratio Ann.
-
-
-----------
Asset Turnover Ann. %
-
-
-0.20.20.30.30.40.30.30.30.30.3
Working Capital Turnover Ann.
-
147.9%
196.7-63.885.4-27-13.12.167.7-21.414.97.810
Quick Ratio Ann.
-
-
-0.20.20.20.20.70.30.20.20.30.3
Current Ratio Ann.
-
-
-1110.91.6111.11.11.1
Interest Coverage Ratio Ann.
-
-
-4.66.213.314.3149.98.67.52.16.9
LT Debt To Equity Ann.
-
-
-0.910.80.80.90.60.50.60.70.4
*All financials are in USD Million and price data in USD

Nasdaq cash flow: net, operating, investing, and financing flows as of Dec 2025 – 11 year history

  • POSITIVE

    Cash From Operating Activity Nasdaq Dec-2025 Cash From Operating Activity is $2,255 Million which is growth of 16.3% YoY.

  • NEGATIVE

    Net Cash Flow Nasdaq Dec-2025 Net Cash Flow is $-1,798 Million which is growth of -14.2% YoY.

Nasdaq Inc - Ordinary Shares - 144A, Cash Flow, standalone, All financials are in USD Million and price data in USD
IndicatorGraphCAGR 3 YrsCAGR 5 YrsDec '25Dec '24Dec '23Dec '22Dec '21Dec '20Dec '19Dec '18Dec '17Dec '16Dec '15
9.7%
12.5%
2,2551,9391,6961,7061,0831,2529631,028909722685
-
-
-1,100-953-5,99449-2,653-231-240196-890-1,657-441
-
-
-2,953-2,5614,2201,0361,4181,383-937-1,027-531,002-362
Cash Plus Cash Eqv. End Of Year Ann.
-17.5%
7.2%
3,9345,0067,1186,9945,4962,782362586399418301
Net Increase In Cash Plus Cash Eqv.s Ann.
-
-
-1,798-1,575-782,791-1522,404-214197-3467-118
Cash Plus Cash Eqv. Begin Of Year Ann.
-3.1%
69.1%
5,0067,1186,9945,4965,979362586399418357427
Income Tax Paid Supplemental Data Ann.
10.8%
5.2%
373358254274501290205221154191202
Interest Paid Supplemental Data Ann.
45%
29.6%
35440517711611897120148129119103
Capex Ann.
-
-
-266-207-158-152-163-188-127-111-144-134-133
Issuance Of Capital Stock Ann.
-
-
-----------
Issuance Of Debt Ann.
-
-
5,6085418263,8076801,1282,456506
Repayment Of Debt Ann.
-
-
-826-521-260-1,097-804-1,468-1,215-320-708-1,156-369
Repurchase Of Capital Stock Ann.
-
-
-616-145-269-633-943-222-200-394-203-100-377
Free Cash Flow Ann.
8.6%
13.3%
1,9891,7321,5381,5549201,064836917765588552
*All financials are in USD Million and price data in USD
Cash from Operating Act. Ann.
1Y CHG
16.3%
2Y CAGR
15.3%
3Y CAGR
9.7%
5Y CAGR
12.5%
7Y CAGR
11.9%
10Y CAGR
12.7%
Cash from Operating Activity Annual growth is higher than historical averages.