Nasdaq, Inc. Common Stock
NDAQNasdaqCIK 1120193Financial / Capital Marketsfiscal year ends December70 quarters since 2009
Latest quarter Q3 FY2026, filed October 22, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.
The last 16 quarters
Q4 FY2022 to Q3 FY2026, through the filing of October 22, 2026.
Net income losses drawn in red.
Operating cash flow less capital expenditures; negative quarters in red.
Positions at each quarter end, as filed; short-term investments are not included.
Income statement
Last eight quarters, newest first, through Q3 FY2026 filed October 22, 2026.
| Millions of dollars | Q3 FY2026ended Sep 30, 2026filed Oct 22, 2026 | Q2 FY2026ended Jun 30, 2026filed Jul 23, 2026 | Q1 FY2026ended Mar 31, 2026filed Apr 24, 2026 | Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026 | Q3 FY2025ended Sep 30, 2025filed Oct 23, 2025 | Q2 FY2025ended Jun 30, 2025filed Jul 25, 2025 | Q1 FY2025ended Mar 31, 2025filed Apr 28, 2025 | Q4 FY2024ended Dec 31, 2024filed Feb 21, 2025 | YoYQ3 FY2026vs Q3 FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,393 | 2,532 | 2,137 | 2,087 | 1,979 | 2,101 | 2,096 | 2,030 | +20.9% |
| Cost of revenue | 912 | 1,032 | 730 | 695 | 664 | 795 | 859 | 803 | +37.3% |
| Gross profit | 1,481 | 1,500 | 1,407 | 1,392 | 1,315 | 1,306 | 1,237 | 1,227 | +12.6% |
| Research and development | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 2 | 23 | 29 | 24 | 22 | 23 | 6 | 25 | −90.9% |
| Operating income | 732 | 712 | 657 | 629 | 586 | 568 | 547 | 517 | +24.9% |
| Other income (expense) | 11 | (2) | (14) | (27) | 0 | 1 | (1) | 6 | — |
| Pretax income | 701 | 653 | 677 | 580 | 529 | 548 | 488 | 439 | +32.5% |
| Income tax | 162 | 146 | 158 | 62 | 106 | 96 | 93 | 84 | +52.8% |
| Net income | 540 | 507 | 519 | 518 | 423 | 452 | 395 | 355 | +27.7% |
| Diluted EPS ($) | 0.96 | 0.89 | 0.91 | — | 0.73 | 0.78 | 0.68 | — | +31.5% |
| Diluted shares (millions) | 563 | 568 | 572 | — | 579 | 579 | 580 | — | — |
Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.
Balance sheet
Last eight quarters, newest first, through Q3 FY2026 filed October 22, 2026.
| Millions of dollars | Q3 FY2026ended Sep 30, 2026filed Oct 22, 2026 | Q2 FY2026ended Jun 30, 2026filed Jul 23, 2026 | Q1 FY2026ended Mar 31, 2026filed Apr 24, 2026 | Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026 | Q3 FY2025ended Sep 30, 2025filed Oct 23, 2025 | Q2 FY2025ended Jun 30, 2025filed Jul 25, 2025 | Q1 FY2025ended Mar 31, 2025filed Apr 28, 2025 | Q4 FY2024ended Dec 31, 2024filed Feb 21, 2025 | YoYQ3 FY2026vs Q3 FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 365 | 520 | 515 | 604 | 470 | 732 | 690 | 592 | −22.3% |
| Short-term investments | 151 | — | — | 28 | — | — | — | — | — |
| Total current assets | 4,532 | 4,533 | 4,374 | 8,003 | 7,597 | 7,352 | 7,818 | 7,786 | −40.3% |
| Total assets | 27,383 | 27,341 | 27,301 | 31,053 | 30,654 | 30,383 | 30,647 | 30,395 | −10.7% |
| Total current liabilities | 4,517 | 4,505 | 4,391 | 7,961 | 7,705 | 7,657 | 7,971 | 7,902 | −41.4% |
| Long-term debt | 8,471 | 8,492 | 8,526 | 8,573 | 8,667 | 8,678 | 8,926 | 9,081 | −2.3% |
| Total liabilities | 15,380 | 15,348 | 15,263 | 18,821 | 18,624 | 18,565 | 19,092 | 19,195 | −17.4% |
| Stockholders’ equity | 11,999 | 11,988 | 12,033 | 12,227 | 12,023 | 11,811 | 11,546 | 11,191 | −0.2% |
| Shares outstanding (millions) | 555 | 559 | 566 | 568 | 571 | 574 | 574 | 575 | — |
Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.
Cash flow statement
Last eight quarters, newest first, through Q3 FY2026 filed October 22, 2026.
| Millions of dollars | Q3 FY2026ended Sep 30, 2026filed Oct 22, 2026 | Q2 FY2026ended Jun 30, 2026filed Jul 23, 2026 | Q1 FY2026ended Mar 31, 2026filed Apr 24, 2026 | Q4 FY2025ended Dec 31, 2025filed Feb 12, 2026 | Q3 FY2025ended Sep 30, 2025filed Oct 23, 2025 | Q2 FY2025ended Jun 30, 2025filed Jul 25, 2025 | Q1 FY2025ended Mar 31, 2025filed Apr 28, 2025 | Q4 FY2024ended Dec 31, 2024filed Feb 21, 2025 | YoYQ3 FY2026vs Q3 FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 521 | 711 | 689 | 625 | 221 | 746 | 663 | 705 | +135.7% |
| Capital expenditures | 62 | 77 | 60 | 89 | 69 | 59 | 49 | 60 | −10.1% |
| Free cash flow (CFO − capex) | 459 | 634 | 629 | 536 | 152 | 687 | 614 | 645 | +202.0% |
| Depreciation and amortization | 165 | 165 | 165 | (326) | 158 | — | — | (335) | +4.4% |
| Share repurchases | 323 | 355 | 548 | 286 | 115 | 100 | 115 | 0 | +180.9% |
| Dividends paid | 173 | 174 | 153 | 153 | 155 | 155 | 138 | 138 | +11.6% |
10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.
Annual statements
Every fiscal year filed, newest first, through FY2025 filed February 12, 2026.
Income statement
| Millions of dollars | FY2025ended Dec 31, 2025filed Feb 12, 2026 | FY2024ended Dec 31, 2024filed Feb 21, 2025 | FY2023ended Dec 31, 2023filed Feb 21, 2024 | FY2022ended Dec 31, 2022filed Feb 23, 2023 | FY2021ended Dec 31, 2021filed Feb 23, 2022 | FY2020ended Dec 31, 2020filed Feb 23, 2021 | FY2019ended Dec 31, 2019filed Feb 25, 2020 | FY2018ended Dec 31, 2018filed Feb 22, 2019 | FY2017ended Dec 31, 2017filed Feb 28, 2018 | FY2016ended Dec 31, 2016filed Mar 1, 2017 | FY2015ended Dec 31, 2015filed Feb 26, 2016 | FY2014ended Dec 31, 2014filed Feb 17, 2015 | FY2013ended Dec 31, 2013filed Feb 24, 2014 | FY2012ended Dec 31, 2012filed Feb 21, 2013 | FY2011ended Dec 31, 2011filed Feb 24, 2012 | FY2010ended Dec 31, 2010filed Feb 24, 2011 | FY2009ended Dec 31, 2009filed Aug 4, 2010 | FY2008ended Dec 31, 2008filed Aug 4, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8,262 | 7,400 | 6,064 | 6,226 | 5,886 | 5,625 | 4,258 | 4,277 | 3,948 | 3,704 | 3,403 | 3,500 | 3,211 | 3,120 | 3,438 | 3,191 | 3,411 | 3,650 |
| Cost of revenue | 3,013 | 2,751 | 2,169 | 2,644 | 2,466 | 2,722 | 1,723 | 1,751 | 1,537 | 1,428 | 1,313 | 1,433 | 1,316 | 1,446 | 1,748 | 1,675 | 1,958 | 2,190 |
| Gross profit | 5,249 | 4,649 | 3,895 | 3,582 | 3,420 | 2,903 | 2,535 | 2,526 | 2,411 | 2,276 | 2,090 | 2,067 | 1,895 | 1,674 | 1,690 | 1,516 | 1,453 | 1,460 |
| Research and development | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 75 | 109 | 113 | 125 | 85 | 142 | 125 | 120 | 82 | 73 | 65 | 89 | 80 | 58 | 83 | 93 | 59 | 62 |
| Operating income | 2,331 | 1,798 | 1,578 | 1,564 | 1,441 | 1,234 | 1,017 | 1,028 | 991 | 836 | 720 | 754 | 688 | 690 | 696 | 631 | 603 | 640 |
| Other income (expense) | (27) | 21 | (1) | 2 | 81 | 5 | — | 7 | 2 | 3 | 0 | 0 | — | — | — | — | — | — |
| Pretax income | 2,145 | 1,449 | 1,401 | 1,475 | 1,534 | 1,212 | 1,019 | 1,064 | 872 | 133 | 630 | 594 | 600 | 548 | 573 | 526 | 391 | — |
| Income tax | 358 | 334 | 344 | 352 | 347 | 279 | 245 | 606 | 143 | 27 | 203 | 181 | 216 | 199 | 190 | 137 | 128 | (4) |
| Net income | 1,788 | 1,117 | 1,059 | 1,125 | 1,187 | 933 | 774 | 458 | 729 | 106 | 428 | 414 | 385 | 352 | 387 | 395 | 266 | 314 |
| Diluted EPS ($) | 3.09 | 1.93 | 2.08 | 2.26 | 2.35 | 1.86 | 1.54* | 0.91* | 1.43* | 0.21* | 0.83* | 0.80* | 0.75* | 0.68* | 0.72* | 0.64* | 0.42* | 0.52* |
| Diluted shares (millions) | 579 | 579 | 508 | 498 | 505 | 501 | 501* | 503* | 509* | 506* | 514* | 519* | 514* | 518* | 540* | 620* | 644* | — |
Balance sheet
| Millions of dollars | FY2025ended Dec 31, 2025filed Feb 12, 2026 | FY2024ended Dec 31, 2024filed Feb 21, 2025 | FY2023ended Dec 31, 2023filed Feb 21, 2024 | FY2022ended Dec 31, 2022filed Feb 23, 2023 | FY2021ended Dec 31, 2021filed Feb 23, 2022 | FY2020ended Dec 31, 2020filed Feb 23, 2021 | FY2019ended Dec 31, 2019filed Feb 25, 2020 | FY2018ended Dec 31, 2018filed Feb 22, 2019 | FY2017ended Dec 31, 2017filed Feb 28, 2018 | FY2016ended Dec 31, 2016filed Mar 1, 2017 | FY2015ended Dec 31, 2015filed Feb 26, 2016 | FY2014ended Dec 31, 2014filed Feb 17, 2015 | FY2013ended Dec 31, 2013filed Feb 24, 2014 | FY2012ended Dec 31, 2012filed Feb 21, 2013 | FY2011ended Dec 31, 2011filed Feb 24, 2012 | FY2010ended Dec 31, 2010filed Feb 24, 2011 | FY2009ended Dec 31, 2009filed Aug 4, 2010 | FY2008ended Dec 31, 2008filed Aug 4, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 604 | 592 | 453 | 502 | 393 | 2,745 | 332 | 545 | 377 | 403 | 301 | 427 | 398 | 497 | 506 | 315 | 594 | 374 |
| Short-term investments | 28 | — | — | — | — | — | 291 | 268 | 235 | 245 | 201 | 174 | 189 | 223 | 279 | 253 | 308 | — |
| Total current assets | 8,003 | 7,786 | 9,096 | 8,604 | 7,423 | 7,660 | 4,290 | 6,370 | 5,510 | 4,560 | 3,260 | 3,400 | 3,163 | 1,492 | 6,581 | 8,510 | 3,370 | — |
| Total assets | 31,053 | 30,395 | 32,294 | 20,868 | 20,115 | 17,979 | 13,924 | 15,700 | 15,354 | 13,411 | 11,861 | 12,071 | 12,563 | 9,132 | 14,091 | 16,207 | 10,722 | — |
| Total current liabilities | 7,961 | 7,902 | 9,025 | 8,835 | 7,872 | 4,924 | 4,227 | 6,570 | 5,234 | 4,082 | 2,920 | 2,980 | 2,800 | 1,018 | 6,038 | 8,231 | 2,854 | — |
| Long-term debt | 8,573 | 9,081 | 10,163 | 4,735 | 4,812 | 5,541 | 2,996 | 2,956 | 3,727 | 3,603 | 2,364 | 2,297 | 2,589 | 1,840 | 2,072 | 2,181 | 1,867 | — |
| Total liabilities | 18,821 | 19,195 | 21,467 | 14,704 | 13,710 | 11,543 | 8,285 | 10,251 | 9,474 | 8,720 | 6,252 | 6,277 | 6,393 | 3,923 | 9,105 | 11,478 | 5,763 | — |
| Stockholders’ equity | 12,227 | 11,191 | 10,816 | 6,151 | 6,395 | 6,433 | 5,639 | 5,449 | 5,880 | 5,430 | 5,609 | 5,793 | 6,184 | 5,208 | 4,976 | 4,718 | 4,932 | — |
| Shares outstanding (millions) | 568 | 575 | 575 | 489 | 493* | 494* | 495* | 496* | 500* | 500* | 492* | 506* | 508* | 497* | 520* | 529* | — | — |
Cash flow statement
| Millions of dollars | FY2025ended Dec 31, 2025filed Feb 12, 2026 | FY2024ended Dec 31, 2024filed Feb 21, 2025 | FY2023ended Dec 31, 2023filed Feb 21, 2024 | FY2022ended Dec 31, 2022filed Feb 23, 2023 | FY2021ended Dec 31, 2021filed Feb 23, 2022 | FY2020ended Dec 31, 2020filed Feb 23, 2021 | FY2019ended Dec 31, 2019filed Feb 25, 2020 | FY2018ended Dec 31, 2018filed Feb 22, 2019 | FY2017ended Dec 31, 2017filed Feb 28, 2018 | FY2016ended Dec 31, 2016filed Mar 1, 2017 | FY2015ended Dec 31, 2015filed Feb 26, 2016 | FY2014ended Dec 31, 2014filed Feb 17, 2015 | FY2013ended Dec 31, 2013filed Feb 24, 2014 | FY2012ended Dec 31, 2012filed Feb 21, 2013 | FY2011ended Dec 31, 2011filed Feb 24, 2012 | FY2010ended Dec 31, 2010filed Feb 24, 2011 | FY2009ended Dec 31, 2009filed Aug 4, 2010 | FY2008ended Dec 31, 2008filed Aug 4, 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,255 | 1,939 | 1,696 | 1,706 | 1,083 | 1,252 | 963 | 1,028 | 909 | 776 | 727 | — | — | 594 | 669 | 440 | 582 | 216 |
| Capital expenditures | 266 | 207 | 158 | 152 | 163 | 188 | 127 | 111 | 144 | 134 | 133 | 140 | 115 | 87 | 88 | 42 | 59 | 55 |
| Free cash flow (CFO − capex) | 1,989 | 1,732 | 1,538 | 1,554 | 920 | 1,064 | 836 | 917 | 765 | 642 | 594 | — | — | 507 | 581 | 398 | 523 | 161 |
| Depreciation and amortization | 145 | 125 | 117 | 105 | 108 | 99 | 89 | 101 | 96 | 88 | 76 | 68 | 59 | 52 | 54 | 46 | 47 | 93 |
| Share repurchases | 616 | 145 | 269 | 308 | 468 | 222 | 200 | 394 | 203 | 100 | 377 | 178 | 10 | 275 | 100 | 797 | — | — |
| Dividends paid | 601 | 541 | 441 | 383 | 350 | 320 | 305 | 280 | 243 | 200 | 149 | 98 | 87 | 65 | — | — | — | — |
Insider activity
Form 4 filings by officers, directors and 10% owners, November 1, 2024 to November 1, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.
The last 25 transactions
| Traded | Insider | Role | Transaction | Shares | Price | Value | Held after | Filed |
|---|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Peterson Bradley J | EVP, CIO | open-market sale | 3,987 | $104.75 | $418K | 114,306 | Oct 29, 2026 |
| Oct 23, 2026 | Tal Cohen | Pres. Market Platforms | open-market sale | 10,390 | $103.34 | $1M | 205,076 | Oct 27, 2026 |
| Oct 23, 2026 | Peterson Bradley J | EVP, CIO | open-market sale | 4,000 | $103.38 | $414K | 118,293 | Oct 27, 2026 |
| Oct 20, 2026 | Skule Jeremy | EVP, CSO | open-market sale10b5-1 | 1,125 | $95.00 | $107K | 96,561 | Oct 22, 2026 |
| Oct 12, 2026 | Skule Jeremy | EVP, CSO | open-market sale10b5-1 | 1,125 | $94.13 | $106K | 97,686 | Oct 14, 2026 |
| Oct 1, 2026 | Skule Jeremy | EVP, CSO | tax withholding | 1,262 | $92.01 | $116K | 98,811 | Oct 5, 2026 |
| Sep 22, 2026 | Skule Jeremy | EVP, CSO | open-market sale10b5-1 | 1,125 | $95.00 | $107K | 100,073 | Sep 24, 2026 |
| Sep 10, 2026 | Skule Jeremy | EVP, CSO | open-market sale10b5-1 | 1,125 | $94.22 | $106K | 101,198 | Sep 14, 2026 |
| Aug 10, 2026 | Skule Jeremy | EVP, CSO | open-market sale10b5-1 | 2,250 | $94.75 | $213K | 102,323 | Aug 12, 2026 |
| Aug 10, 2026 | Griggs PC Nelson | Pres. Capital Access Platforms | open-market sale | 3,226 | $96.16 | $310K | 201,775 | Aug 12, 2026 |
| Aug 7, 2026 | Peterson Bradley J | EVP, CIO | open-market sale | 6,000 | $95.55 | $573K | 122,293 | Aug 11, 2026 |
| Aug 3, 2026 | Smith Bryan Everard | EVP, CPO | open-market sale10b5-1 | 1,556 | $95.07 | $148K | 67,647 | Aug 5, 2026 |
| Jul 29, 2026 | Griggs PC Nelson | Pres. Capital Access Platforms | open-market sale | 11,010 | $96.35 | $1M | 205,001 | Jul 31, 2026 |
| Jul 27, 2026 | Griggs PC Nelson | Pres. Capital Access Platforms | open-market sale | 11,010 | $93.96 | $1M | 216,011 | Jul 28, 2026 |
| Jul 24, 2026 | Peterson Bradley J | EVP, CIO | open-market sale | 13,000 | $92.61 | $1M | 128,293 | Jul 28, 2026 |
| Jul 24, 2026 | Griggs PC Nelson | Pres. Capital Access Platforms | open-market sale | 6,777 | $92.53 | $627K | 227,021 | Jul 28, 2026 |
| Jul 1, 2026 | Smith Bryan Everard | EVP, CPO | open-market sale10b5-1 | 3,000 | $80.00 | $240K | 69,203 | Jul 2, 2026 |
| Jun 11, 2026 | Investor AB+1 more | 10% owner | open-market buyindirect | 56,782 | $85.98 | $5M | 58M | Jun 15, 2026 |
| Jun 11, 2026 | Smith Bryan Everard | EVP, CPO | open-market sale10b5-1 | 3,000 | $86.91 | $261K | 71,944 | Jun 15, 2026 |
| Jun 11, 2026 | Torgeby Johan | Director | tax withholding | 300 | $86.72 | $26K | 43,495 | Jun 12, 2026 |
| Jun 11, 2026 | Kazim Essa | Director | tax withholding | 622 | $86.72 | $54K | 146,917 | Jun 12, 2026 |
| Jun 10, 2026 | Spaht Paul Holden JR. | Director | award | 2,998 | $0.00 | — | 13,399 | Jun 12, 2026 |
| Jun 10, 2026 | Yabuki Jeffery W | Director | award | 4,612 | $0.00 | — | 22,959 | Jun 12, 2026 |
| Jun 10, 2026 | Begley Charlene T | Director | award | 2,998 | $0.00 | — | 48,999 | Jun 12, 2026 |
| Jun 10, 2026 | Koch Kathryn A. | Director | award | 3,171 | $0.00 | — | 10,743 | Jun 12, 2026 |
Full insider history for Nasdaq, Inc. Common Stock, or insider activity across all companies. A record of filings, not a recommendation.
Sources
Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.
- Filer
- Nasdaq, Inc., CIK 1120193 on EDGAR
- Extract generated
- October 23, 2026
- Withheld
- 1 line-years whose four quarters do not sum to the filed year: depreciation amortization FY2017
- Repaired
- 5 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: income tax FY2016, net income FY2016, pretax income FY2016, depreciation amortization FY2024, depreciation amortization FY2025
XBRL concepts behind each line
Income statement
RevenueFromContractWithCustomerExcludingAssessedTax, RevenuesCostOfGoodsAndServicesSold, CostOfRevenueGrossProfitGeneralAndAdministrativeExpenseOperatingIncomeLossInvestmentIncomeNonoperating, OtherNonoperatingIncomeExpenseIncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestIncomeTaxExpenseBenefitNetIncomeLossEarningsPerShareDilutedWeightedAverageNumberOfDilutedSharesOutstandingBalance sheet
CashAndCashEquivalentsAtCarryingValueAvailableForSaleSecuritiesDebtSecuritiesCurrent, MarketableSecuritiesCurrentAssetsCurrentAssetsLiabilitiesCurrentLongTermDebt, LongTermDebtNoncurrentLiabilitiesStockholdersEquitydei:EntityCommonStockSharesOutstandingCash flow statement
NetCashProvidedByUsedInOperatingActivitiesPaymentsToAcquirePropertyPlantAndEquipmentDepreciationAndAmortization, DepreciationDepletionAndAmortizationPaymentsForRepurchaseOfCommonStockPaymentsOfDividendsThe data
The statements on this page as files, generated October 23, 2026.
- JSON file
/data/financials/NDAQ.json