Company Analysis

Nasdaq, Inc. (NDAQ)

Nasdaq: NDAQ · Security & Commodity Brokers, Dealers, Exchanges & Services · New York, NY · filing with the SEC since 2001
Grade5.8
◀ Past 5.4● Present 6.9▶ Future 5.0
The companyfiscal 2025, as filed
Revenue$8.26B+11.6%
Net income$1.79B+60.1%
Earnings per share$3.09+60.1%
Operating cash flow$2.25B+16.3%
Cash$604M+2.0%
Debt$8.57B-5.6%
Shareholders’ equity$12.23B+9.2%
Shares, diluted578.6M-0.1%
Return on equity14.6%
The recordfrom its filings
Filings in 2026127
Newest filingNov 12 · 144
Annual reportFeb 12, 2026
Quarterly reportOct 22, 2026
Next report due10-K by Mar 1
Insider sales, 12 months$90.0M
Insider buys, 12 months$1.0M
Patents granted455
Filer categoryLarge accelerated filer
Trailing twelve months to Sep 2026Revenue $9.15BNet income $2.08BCash from operations $2.55Bthe four newest filed quarters added
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
16171819202122232425
As filed, in USD. Nothing here is a forecast.

The company now

Nasdaq reported third-quarter 2026 net revenue of $1.5 billion on 22 October, up 13 percent from a year earlier 1.

Net revenue is revenue less transaction-based expenses, which are trading rebates and brokerage, clearance and exchange fees 14.

Financial Technology revenue was $529 million, up 16 percent, and Index revenue was $286 million, up 39 percent 1.

Index funds that track Nasdaq indices took in a record $141 billion over the past twelve months, including $49 billion in the quarter 1.

Earnings per share under US accounting rules were $0.96, up 31 percent 1.

A current report filed in late October says the board elected Börje Ekholm, the former chief executive of Ericsson, as an independent director effective 1 November 2.

In October 2026 Nasdaq acquired the remaining ownership of LeveL Holdings, the parent of the trading venue LeveL Markets, which joins a new group called Digital Liquidity Networks 3.

The company says The Nasdaq Stock Market remains on track to begin 23/5 trading on 6 December 2026 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

News

Nov 12, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 6, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 6, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 5, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
Nov 4, 2026 · SEC EDGAR · Form 4
Insider trade report
Open the filing on sec.gov
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SI Assistanton NDAQ · research, not advice