Nasdaq, Inc. (NDAQ) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI

Nasdaq, Inc. (NDAQ) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI | MarketCI

NDAQ

Market Closed

Nasdaq, Inc.

NASDAQFinancial Services Financial - Data & Stock Exchanges

9.38K employees

CEO: Adena T. Friedman

Founded: 2002

$82.24

+$0.00(+NaN%)

Market Cap

46.51B

Beta

0.97

52W Range

N/A

Dividend Yield

1.36%

Overview Forecasts Fundamental Market Sentiment Valuation Ownership

Financial Statements

Comprehensive breakdown of financial statements and performance metrics

Gross Margin

47.9%

31.8%

CAGR: 15.3%

Profit after direct costs

Operating Margin

28.4%

29.6%

CAGR: 12.8%

Core business profitability

Net Margin

21.8%

60.2%

CAGR: 10.8%

Bottom line profitability

Revenue Growth

11.1%

YoY

CAGR: 8.7%

Top line growth rate

Revenue Flow Analysis

Visual flow showing how NDAQ allocates revenue across expenses and profit

Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin

47.9%

$3.94B

Operating Margin

28.4%

$2.33B

Net Margin

21.8%

$1.79B

Detailed Income Statement

Complete profit and loss breakdown with margin analysis and historical comparison

Item	2021	2022	2023	2024	2025	YoY Change
Total Revenue	5.89B	6.23B	6.06B	7.40B	8.22B	11.1%
Cost of Revenue	(3.65B)	(3.89B)	(3.52B)	(4.41B)	(4.28B)	-3.0%
Gross Profit	2.23B	2.34B	2.55B	2.99B	3.94B	31.8%
Operating Expenses
Research & Development	—	—	—	—	—	—
Selling, General & Administrative	(395.00M)	(420.00M)	(417.00M)	(427.00M)	(140.00M)	-67.2%
General & Administrative	(338.00M)	(369.00M)	(370.00M)	(373.00M)	(75.00M)	-79.9%
Selling & Marketing	(57.00M)	(51.00M)	(47.00M)	(54.00M)	(65.00M)	20.4%
Depreciation & Amortization	(278.00M)	(258.00M)	(323.00M)	(613.00M)	(633.00M)	3.3%
Operating Income (EBIT)	1.44B	1.56B	1.58B	1.80B	2.33B	29.6%
Non-Operating Items
Interest Income	1.00M	7.00M	115.00M	28.00M	38.00M	35.7%
Interest Expense	—	—	—	—	(88.00M)	—
Other Income/Expenses (Net)	93.00M	-89.00M	-177.00M	-349.00M	-186.00M	-46.7%
Income Before Tax	1.53B	1.48B	1.40B	1.45B	2.15B	48.0%
Income Tax Expense	(347.00M)	(352.00M)	(344.00M)	(334.00M)	(356.00M)	6.6%
Net Income	1.19B	1.13B	1.06B	1.12B	1.79B	60.2%
Per Share Metrics
Earnings Per Share (Basic)	$2	$2	$2	$2	$3	61.3%
Weighted Avg Shares Outstanding	497.70M	492.42M	508.39M	575.12M	570.70M	-0.8%
Weighted Avg Shares Outstanding (Diluted)	505.09M	497.86M	508.39M	579.20M	576.50M	-0.5%
EBITDA	1.93B	1.85B	2.00B	2.46B	3.13B	27.1%

Explore NDAQ

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

NDAQ in the Financial Services

Large Cap

Financial Services

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Financial - Data & Stock Exchanges

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