Nasdaq revenue and financials
$91.10Change from previous close: +0.85%Absolute change: +$0.77
In the fiscal year ended December 2025, Nasdaq reported revenue of $8.26B (+11.65% year over year). Net income was $1.79B, a net margin of 21.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +11.65%
- 2025 vs 2024
- Net income growth
- +60.07%
- 2025 vs 2024
- Net margin
- 21.6%
- 2024: 15.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 8,262 | 7,400 | 6,064 | 6,226 | 5,886 | 5,625 | 4,258 | 4,277 | 3,948 | 3,704 |
| Cost of revenue | 3,013 | 2,751 | 2,169 | 2,644 | 2,466 | 2,722 | 1,723 | 1,751 | 1,537 | 1,428 |
| Gross profit | 5,249 | 4,649 | 3,895 | 3,582 | 3,420 | 2,903 | 2,535 | 2,526 | 2,411 | 2,276 |
| Selling, general and administrative | 424 | 427 | 417 | 420 | — | — | — | — | — | — |
| Operating income | 2,331 | 1,798 | 1,578 | 1,564 | 1,441 | 1,234 | 1,017 | 1,028 | 991 | 836 |
| EBIT | 2,499 | 1,847 | 1,673 | 1,595 | — | — | — | — | — | — |
| EBITDA | 3,131 | 2,460 | 1,996 | 1,853 | — | — | — | — | — | — |
| Interest expense | 354 | 398 | 284 | 129 | 125 | 101 | 124 | 150 | 143 | 135 |
| Pre-tax income | 2,145 | 1,449 | 1,401 | 1,475 | — | — | — | — | — | — |
| Income tax | 358 | 334 | 344 | 352 | 347 | 279 | 245 | 606 | 143 | 27.0 |
| Net income | 1,788 | 1,117 | 1,059 | 1,125 | 1,187 | 933 | 774 | 458 | 729 | 106 |
| Net income to common shareholders | 1,788 | 1,117 | 1,059 | 1,125 | — | — | — | — | — | — |
| Basic EPS | 3.12 | 1.94 | 2.10 | 2.28 | 2.38 | 1.89 | 4.69 | 2.77 | 4.38 | 0.64 |
| Diluted EPS | 3.09 | 1.93 | 2.08 | 2.26 | 2.35 | 1.86 | 4.63 | 2.73 | 4.30 | 0.63 |
| Average shares (basic) | 573 | 575 | 505 | 492 | — | — | — | — | — | — |
| Average shares (diluted) | 579 | 579 | 508 | 498 | 505 | 501 | 167 | 168 | 170 | 169 |