Companies / NDAQ
Nasdaq, Inc. reported revenue of $8.26B for fiscal 2025, up 11.6% from fiscal 2024. Net income was $1.79B and free cash flow was $1.99B.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.89B | $6.23B | $6.06B | $7.40B | $8.26B |
| Operating income | $1.44B | $1.56B | $1.58B | $1.80B | $2.33B |
| Net income | $1.19B | $1.12B | $1.06B | $1.11B | $1.79B |
| Cash from operations | $1.08B | $1.71B | $1.70B | $1.94B | $2.25B |
| Free cash flow | $920.00M | $1.55B | $1.54B | $1.73B | $1.99B |
| Fiscal quarter | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.90B | $2.03B | $2.09B | $2.09B | $1.96B | $2.12B | $2.14B | $2.53B |
| Net income | $305.00M | $355.00M | $395.00M | $452.00M | $423.00M | $518.00M | $519.00M | $507.00M |
| Diluted EPS | $0.53 | $0.61 | $0.68 | $0.78 | $0.73 | $0.90 | $0.91 | $0.89 |
As Nasdaq, Inc. reports them, quarter by quarter.
| Fiscal quarter | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|
| ARR growth | 31% | 29% | 8% | 10% | 10% | 10% | 13% | 11% |
| Annualized Recurring Revenue (ARR) | $2.74B | $1.27B | $2.83B | $2.93B | $3.01B | $3.05B | $3.19B | $3.30B |
Figures come from Nasdaq, Inc.'s SEC filings, by fiscal year and fiscal quarter as the company defines them. A dash means we hold no figure for that period that passed our checks. Some fourth quarters are the full year less the first nine months. Free cash flow is cash from operations less capital expenditures. Data as of 31 October 2026. This is not investment advice.
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