Nasdaq revenue and financials
$93.22Change from previous close: +1.12%Absolute change: +$1.03
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,500 | 1,407 | 1,392 | 1,315 | 1,306 | 1,237 | 1,227 | 1,146 | 1,159 | 1,117 | 1,117 | 940 |
| Cost of revenue | 1,512 | 1,179 | 1,182 | 1,088 | 1,240 | — | — | — | — | — | — | — |
| Gross profit | 1,500 | 1,407 | 1,392 | 1,315 | 1,306 | 1,237 | 1,227 | 1,146 | 1,159 | 1,117 | 1,117 | 940 |
| Selling, general and administrative | 595 | 561 | 569 | 538 | 537 | 490 | 514 | 504 | 505 | 508 | 504 | 415 |
| Operating income | 740 | 681 | 662 | 619 | 611 | 591 | 560 | 489 | 501 | 454 | 483 | 461 |
| EBIT | 740 | 681 | 662 | 619 | 611 | 591 | 560 | 489 | 501 | 454 | 483 | 461 |
| EBITDA | 906 | 846 | 823 | 777 | 768 | 747 | 713 | 641 | 654 | 609 | 608 | 525 |
| Interest expense | 86.0 | 87.0 | 88.0 | 87.0 | 95.0 | 96.0 | 101 | 102 | 102 | 108 | 110 | 101 |
| Pre-tax income | 653 | 677 | 580 | 529 | 548 | 488 | 439 | 356 | 341 | 312 | 278 | 391 |
| Income tax | 146 | 158 | 62.0 | 106 | 96.0 | 93.0 | 84.0 | 51.0 | 119 | 79.0 | 82.0 | 97.0 |
| Net income | 507 | 519 | 518 | 423 | 452 | 395 | 355 | 306 | 222 | 234 | 197 | 294 |
| Net income to common shareholders | 507 | 519 | 518 | 423 | 452 | 395 | 355 | 306 | 222 | 234 | 197 | 294 |
| Basic EPS | 0.90 | 0.92 | 0.91 | 0.74 | 0.79 | 0.69 | 0.62 | 0.53 | 0.39 | 0.41 | 0.36 | 0.60 |
| Diluted EPS | 0.89 | 0.91 | 0.90 | 0.73 | 0.78 | 0.68 | 0.61 | 0.53 | 0.38 | 0.40 | 0.36 | 0.60 |
| Average shares (basic) | 564 | 567 | 571 | 573 | 574 | 575 | 575 | 575 | 576 | 575 | 547 | 491 |
| Average shares (diluted) | 568 | 572 | 577 | 579 | 579 | 580 | 580 | 579 | 579 | 579 | 551 | 494 |
| Dividend per share | 0.31 | 0.27 | 0.27 | 0.27 | 0.27 | 0.24 | 0.24 | 0.24 | 0.24 | 0.22 | 0.22 | 0.22 |
