NASDAQ, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $8.3B | $7.4B | $6.1B | $6.2B | $5.9B |
| Gross profit | $5.2B | $4.6B | $3.9B | $3.6B | $3.4B |
| Operating income | $2.3B | $1.8B | $1.6B | $1.6B | $1.4B |
| Operating expenses | $2.9B | $2.9B | $2.3B | $2.0B | $2.0B |
| Cost of revenue | $3.0B | $2.8B | $2.2B | $2.6B | $2.5B |
| Cash from operations | $2.3B | $1.9B | $1.7B | $1.7B | $1.1B |
| Capital expenditure | $266.0M | $207.0M | $158.0M | $152.0M | $163.0M |
| Free cash flow | $2.0B | $1.7B | $1.5B | $1.6B | $920.0M |
| Share repurchases | $616.0M | $145.0M | $269.0M | $308.0M | $468.0M |
| Impairments | $0 | $0 | $23.0M | $0 | $0 |
| Total assets | $31.1B | $30.4B | $32.3B | $20.9B | $20.1B |
| Total liabilities | $18.8B | $19.2B | $21.5B | $14.7B | $13.7B |
| Total debt | $9.0B | $9.5B | $10.5B | $5.4B | $5.8B |
Shares outstanding 565.5M · Free float 61.8%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.
Recent filings
- July 1, 2026 8-K
- June 16, 2026 8-K
- April 24, 2026 10-Q
- April 23, 2026 8-K
- February 12, 2026 10-K
- January 29, 2026 8-K
- January 16, 2026 8-K
- December 15, 2025 8-K