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Nasdaq, Inc. income statement

In fiscal 2025, Nasdaq, Inc. reported revenue of $8.26bn, up 11.6% on the year before, operating income of $2.33bn (a 28.2% margin) and net income of $1.79bn, or $3.09 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue3,4113,1913,4383,1203,2113,5003,4033,7043,9484,2774,2585,6255,8866,2266,0647,4008,2629,149
Cost of revenue1,9581,6751,7481,4461,3161,4331,3131,4281,5371,7511,7232,7222,4662,6442,1692,7513,0133,369
Gross profit1,4531,5161,6901,6741,8952,0672,0902,2762,4112,5262,5352,9033,4203,5823,8954,6495,2495,780
General and administrative599383588089657382120125142851251131097578
Operating income6036316966906887547208369911,0281,0171,2341,4411,5641,5781,7982,3312,730
Interest expense10210211997111117111135143150124101125129284414367347
Net interest income899310887——————————————
Income before tax3915265735486005946301338721,0641,0191,2121,5341,4751,4011,4492,1452,611
Income tax12813719019921618120327143606245279347352344334358528
Net income2663953873523854144281067294587749331,1871,1251,0591,1171,7882,084
Diluted EPS$0.42$0.64$0.72$0.68$0.75$0.80$0.83$0.21$1.43$0.91$1.54$1.86$2.35$2.26$2.08$1.93$3.09$3.66
Diluted shares (average)644m620m540m518m514m519m514m506m509m503m501m501m505m498m508m579m579m570m
EBITDA6506777507427478227969241,0871,1291,1061,3331,5491,6691,6951,9232,4762,899

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Nasdaq, Inc.'s SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Nasdaq, Inc.