NASDAQ, INC.
NASDAQ, INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 520 | 515 | 604 | 470 | 732 | 690 | 592 | 266 | 416 | 388 | 453 | 5,340 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 26 | 49 | 210 | 227 | 195 | 18 | 31 | 42 | 24 | 21 | 20 | 25 | |||||
Trading Securities Debt | 198 | 184 | 28 | 53 | 84 | 201 | 184 | 202 | 174 | 173 | 188 | 272 | |||||
Receivables Net Current | 1,182 | 985 | 943 | 865 | 896 | 986 | 1,022 | 944 | 960 | 925 | 929 | 595 | |||||
Assets Current | |||||||||||||||||
Assets Current | 4,533 | 4,374 | 8,003 | 7,597 | 7,352 | 7,818 | 7,786 | 7,558 | 7,309 | 7,321 | 9,096 | 12,351 | |||||
Other Assets Current | 284 | 388 | 376 | 232 | 227 | 237 | 293 | 239 | 189 | 219 | 231 | 184 | |||||
Property Plant And Equipment Net | 767 | 739 | 728 | 689 | 656 | 621 | 593 | 584 | 556 | 575 | 576 | 542 | |||||
Goodwill | 14,245 | 14,307 | 14,371 | 14,336 | 14,328 | 14,179 | 13,957 | 14,165 | 13,984 | 13,974 | 14,112 | 7,988 | |||||
Intangible Assets Net Excluding Goodwill | 6,223 | 6,376 | 6,511 | 6,620 | 6,741 | 6,830 | 6,905 | 7,072 | 7,171 | 7,291 | 7,443 | 2,446 | |||||
Operating Lease Right Of Use Asset | 481 | 485 | 447 | 440 | 441 | 381 | 375 | 388 | 400 | 400 | 402 | 397 | |||||
Other Assets Noncurrent | 1,092 | 1,020 | 993 | 972 | 865 | 818 | 779 | 793 | 790 | 706 | 665 | 626 | |||||
Assets | 27,341 | 27,301 | 31,053 | 30,654 | 30,383 | 30,647 | 30,395 | 30,560 | 30,210 | 30,267 | 32,294 | 24,350 | |||||
Liabilities | |||||||||||||||||
Accounts Payable And Accrued Liabilities Current | 252 | 245 | 280 | 256 | 246 | 255 | 269 | 289 | 301 | 266 | 332 | 286 | |||||
Employee Related Liabilities Current | 243 | 209 | 364 | 313 | 280 | 198 | 325 | 314 | 213 | 188 | 303 | 211 | |||||
Contract With Customer Liability Current | 931 | 1,093 | 785 | 719 | 848 | 981 | 711 | 663 | 736 | 866 | 594 | 451 | |||||
Liabilities Current | |||||||||||||||||
Liabilities Current | 4,505 | 4,391 | 7,961 | 7,705 | 7,657 | 7,971 | 7,902 | 7,933 | 7,791 | 7,393 | 9,025 | 7,048 | |||||
Other Liabilities Current | 174 | 160 | 259 | 236 | 154 | 187 | 215 | 229 | 234 | 184 | 146 | 146 | |||||
Debt Current | 269 | 431 | 431 | 431 | 500 | 400 | 399 | 499 | 548 | 224 | 291 | 0 | |||||
Long Term Debt Noncurrent | 8,492 | 8,526 | 8,573 | 8,667 | 8,678 | 8,926 | 9,081 | 9,359 | 9,249 | 9,765 | 10,163 | 9,703 | |||||
Deferred Income Tax Liabilities Net | 1,616 | 1,611 | 1,584 | 1,564 | 1,540 | 1,586 | 1,594 | 1,566 | 1,632 | 1,655 | 1,642 | 509 | |||||
Operating Lease Liability Noncurrent | 482 | 488 | 462 | 454 | 453 | 393 | 388 | 399 | 409 | 413 | 417 | 412 | |||||
Other Liabilities Noncurrent | 253 | 247 | 241 | 234 | 237 | 216 | 230 | 222 | 221 | 222 | 220 | 199 | |||||
Liabilities | 15,348 | 15,263 | 18,821 | 18,624 | 18,565 | 19,092 | 19,195 | 19,479 | 19,302 | 19,448 | 21,467 | 17,871 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value Outstanding | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | |||||
Additional Paid In Capital | 4,353 | 4,627 | 5,122 | 5,351 | 5,425 | 5,450 | 5,530 | 5,477 | 5,528 | 5,526 | 5,496 | 1,394 | |||||
Stockholders Equity | |||||||||||||||||
Stockholders Equity | 11,988 | 12,033 | 12,232 | 12,030 | 11,818 | 11,555 | 11,191 | 11,072 | 10,898 | 10,819 | 10,816 | 6,467 | |||||
Treasury Stock Common Value | -784 | -747 | -716 | -710 | -706 | -672 | -647 | -643 | -641 | -611 | -587 | -585 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -1,874 | -1,807 | -1,773 | -1,847 | -1,869 | -1,896 | -2,099 | -1,952 | -2,011 | -2,044 | -1,924 | -2,102 | |||||
Retained Earnings Accumulated Deficit | 10,287 | 9,954 | 9,588 | 9,223 | 8,955 | 8,658 | 8,401 | 8,184 | 8,016 | 7,932 | 7,825 | 7,755 | |||||
Minority Interest | 5 | 5 | 5 | 7 | 7 | 9 | 9 | 9 | 10 | 10 | 11 | 12 | |||||
Liabilities And Stockholders Equity | 27,341 | 27,301 | 31,053 | 30,654 | 30,383 | 30,647 | 30,395 | 30,560 | 30,210 | 30,267 | 32,294 | 24,350 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | 900 | |||||
Common Stock Shares Issued | 588 | 590 | 595 | 597 | 599 | 598 | 599 | 599 | 600 | 599 | 598 | 514 | |||||
Shares Outstanding | 562 | 565 | 570 | 573 | 574 | 574 | 575 | 575 | 576 | 576 | 575 | 491 | |||||
Treasury Stock Common Shares | 26 | 25 | 25 | 25 | 25 | 24 | 24 | 24 | 24 | 23 | 23 | 23 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.29% | -0.67% | -1.67% | - | - | - | - | - | - | - | - | - |
| 2025 | 8.89% | 15.00% | 19.37% | -0.17% | -0.66% | -6.00% | -1.96% | 5.66% | 10.94% | 11.92% | 10.02% | 15.95% |
| 2024 | 3.60% | 0.71% | 4.49% | 8.90% | 10.05% | 13.22% | 6.83% | 2.69% | 4.18% | -9.33% | -11.47% | -1.97% |
| 2023 | - | - | - | 6.16% | -1.59% | 2.31% | 10.12% | 14.03% | 15.65% | 6.89% | 10.18% | 8.64% |
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Performance and Valuation Metrics
Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.01 | 1.00 | 1.01 | 0.99 | 0.96 | 0.98 | 0.99 | 0.95 | 0.94 | 0.99 | 1.01 | 1.75 | |||||
| Quick Ratio | 1.01 | 1.00 | 1.01 | 0.99 | 0.96 | 0.98 | 0.99 | 0.95 | 0.94 | 0.99 | 1.01 | 1.75 | |||||
| Working Capital | 28.00M | -17.00M | 42.00M | -108.00M | -305.00M | -153.00M | -116.00M | -375.00M | -482.00M | -72.00M | 71.00M | 5.30B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.28 | 1.27 | 1.54 | 1.55 | 1.57 | 1.65 | 1.71 | 1.76 | 1.77 | 1.80 | 1.98 | 2.76 | |||||
| Interest Coverage TTM | 7.41 | 6.82 | 6.35 | 5.84 | 5.27 | 4.81 | 4.34 | 3.86 | 3.83 | 4.43 | 5.56 | 7.64 | |||||
| Debt Ratio | 0.56 | 0.56 | 0.61 | 0.61 | 0.61 | 0.62 | 0.63 | 0.64 | 0.64 | 0.64 | 0.66 | 0.73 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.30 | 0.29 | 0.27 | 0.27 | 0.27 | 0.26 | 0.24 | 0.26 | 0.23 | 0.24 | 0.23 | 0.25 | |||||
| Days Sales Outstanding TTM | 43.42 | 43.32 | 43.41 | 40.33 | 41.66 | 44.59 | 48.12 | 40.04 | 43.29 | 46.79 | 48.33 | 37.51 | |||||
| Receivables Turnover TTM | 8.41 | 8.43 | 8.41 | 9.05 | 8.76 | 8.19 | 7.59 | 9.12 | 8.43 | 7.80 | 7.55 | 9.73 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 3.46 | 3.34 | 3.09 | 2.81 | 2.60 | 2.20 | 1.93 | 1.65 | 1.63 | 1.71 | 2.08 | 2.23 | |||||
| Free Cash Flow Per Share TTM | 3.46 | 3.54 | 3.47 | 3.66 | 3.72 | 3.23 | 3.01 | 2.54 | 2.67 | 2.61 | 3.05 | 3.30 | |||||
| Dividend Per Share TTM | 1.13 | 1.09 | 1.05 | 1.02 | 0.99 | 0.96 | 0.94 | 0.92 | 0.87 | 0.82 | 0.87 | 0.84 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 64.27% | 65.27% | 63.53% | 62.11% | 60.46% | 60.97% | 62.82% | 64.69% | 66.00% | 66.04% | 64.23% | 61.44% | |||||
| Operating Profit Margin TTM | 29.60% | 29.40% | 28.21% | 27.09% | 25.58% | 24.74% | 24.30% | 23.29% | 24.63% | 25.40% | 26.02% | 26.24% | |||||
| Net Profit Margin TTM | 22.52% | 23.03% | 21.64% | 19.85% | 18.53% | 16.33% | 15.07% | 13.60% | 14.37% | 15.92% | 17.43% | 18.35% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.42% | 6.15% | 11.65% | 16.71% | 23.87% | 26.06% | 22.03% | 16.94% | 7.52% | -0.31% | -2.60% | -1.82% | |||||
| Net Income Growth (1Y) | 30.52% | 49.73% | 60.36% | 70.34% | 59.81% | 29.25% | 5.49% | -13.35% | -14.35% | -13.41% | -5.88% | -3.84% | |||||
| EPS Growth (1Y) | 32.82% | 51.90% | 60.97% | 70.88% | 60.45% | 29.34% | -7.44% | -25.98% | -27.07% | -26.28% | -8.21% | -3.86% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 22.61 | 25.08 | 30.93 | 30.90 | 33.64 | 33.63 | 39.15 | 43.06 | 35.91 | 35.69 | 26.87 | 20.90 | |||||
| P/B TTM | 3.71 | 3.98 | 4.52 | 4.17 | 4.29 | 3.72 | 3.90 | 3.71 | 3.10 | 3.26 | 2.62 | 3.55 | |||||
| P/S TTM | 5.09 | 5.77 | 6.69 | 6.13 | 6.23 | 5.49 | 5.90 | 5.86 | 5.16 | 5.68 | 4.68 | 3.84 | |||||
| Market Cap | 44.47B | 47.95B | 55.31B | 50.22B | 50.69B | 42.94B | 43.65B | 41.08B | 33.87B | 35.26B | 28.40B | 23.01B | |||||
| Enterprise Value | 52.43B | 56.39B | 60.38B | 54.87B | 55.67B | 47.54B | 48.12B | 45.14B | 38.19B | 44.86B | 31.74B | 21.88B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.95B | 2.00B | 1.99B | 2.10B | 2.13B | 1.86B | 1.73B | 1.46B | 1.54B | 1.50B | 1.54B | 1.62B | |||||
| Net Debt | 7.96B | 8.44B | 5.07B | 4.66B | 4.98B | 4.60B | 4.47B | 4.06B | 4.32B | 9.60B | 3.34B | -1.13B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Institutional Ownership
NASDAQ, INC. (NDAQ) — SEC Financial Statements & Analysis
NASDAQ, INC. (NDAQ) is a security & commodity brokers, dealers, exchanges & services company, incorporated in DE. NASDAQ, INC. trades on Nasdaq as: NDAQ. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), NASDAQ, INC. reported a 7.42% year-over-year revenue growth, a Gross Profit Margin of 64.27% (TTM), a Debt-to-Equity ratio of 1.28x, a Price-to-Sales (P/S) ratio of 5.09x (TTM), a Price-to-Book (P/B) ratio of 3.71 (TTM), at a market cap of $44.47B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 7.42%
- Gross Profit Margin TTM
- 64.27%
- Debt To Equity
- 1.28x
- P/S TTM
- 5.09x
- P/B TTM
- 3.71
- Market Cap
- $44.47B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is NASDAQ, INC. in?
NASDAQ, INC. (NDAQ) operates in the Security & Commodity Brokers, Dealers, Exchanges & Services industry.
What is NDAQ's market cap?
NASDAQ, INC. (NDAQ) has a market capitalization of $44.47B as of 2026-06-30.
What is NDAQ's P/E ratio?
NASDAQ, INC. (NDAQ)'s trailing twelve month P/E ratio is 22.61x as of 2026-06-30.
What exchange does NDAQ trade on?
NASDAQ, INC. (NDAQ) trades on the Nasdaq.
Where is NASDAQ, INC. incorporated?
NASDAQ, INC. is incorporated in DE.