Nasdaq revenue and financials
$92.27Change from previous close: +0.09%Absolute change: +$0.08
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,255 | 1,939 | 1,696 | 1,706 | 1,083 | 1,252 | 963 | 1,028 | 909 | 776 |
| Depreciation and amortization | 145 | 125 | 117 | 105 | 108 | 99.0 | 89.0 | 101 | 96.0 | 88.0 |
| Capital expenditure | -266 | -207 | -158 | -152 | -163 | -188 | -127 | -111 | -144 | -134 |
| Investing cash flow | -1,100 | -953 | -5,994 | 49.0 | -2,653 | — | — | — | — | — |
| Financing cash flow | -2,953 | -2,561 | 4,220 | 1,036 | 1,418 | — | — | — | — | — |
| Dividends paid | -601 | -541 | -441 | -383 | -350 | -320 | -305 | -280 | -243 | -200 |
| Share repurchases | -616 | -145 | -269 | -308 | -468 | -222 | -200 | -394 | -203 | -100 |
| Debt issued | 0.0 | 0.0 | 5,608 | 779 | 1,246 | — | — | — | — | — |
| Debt repaid | -826 | -812 | -631 | -1,097 | -804 | — | — | — | — | — |
| Effect of exchange rates | 726 | -537 | 202 | -1,293 | -331 | — | — | — | — | — |
| Net change in cash | -1,072 | -2,112 | 124 | 1,498 | -483 | — | — | — | — | — |
| Free cash flow | 1,989 | 1,732 | 1,538 | 1,554 | 920 | — | — | — | — | — |
| Levered free cash flow | 1,669 | 1,759 | 1,274 | 1,392 | 991 | — | — | — | — | — |