Nasdaq, Inc. financials

  1. Home
  2. Financials
  3. NDAQ
NDAQ CIK 0001120193

Source: EDGAR filings · Built 2026-06-02T03:38:55Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 1.99B 1.73B 1.54B 1.55B 920.00M 1.06B
EBITDA 2.48B 1.92B 1.70B 1.67B 1.55B 1.33B
Working Capital 42.00M -116.00M 71.00M -231.00M -449.00M 2.74B
Net Debt 8.92B 9.33B 10.48B 5.40B 5.86B 3.23B
Gross Margin 63.53% 62.82% 64.23% 57.53% 58.10% 51.61%
Operating Margin 28.21% 24.30% 26.02% 25.12% 24.48% 21.94%
Net Margin 21.64% 15.09% 17.46% 18.07% 20.17% 16.59%
Return on Equity (ROE) 14.62% 9.98% 9.79% 18.29% 18.56% 14.50%
Return on Assets (ROA) 5.76% 3.67% 3.28% 5.39% 5.90% 5.19%
Current Ratio 1.01× 0.99× 1.01× 0.97× 0.94× 1.56×
Debt-to-Equity 0.78× 0.89× 1.01× 0.96× 0.98× 0.93×
Effective Tax Rate 16.69% 23.05% 24.55% 23.86% 22.62% 23.02%
Cash Conversion Ratio 1.26× 1.74× 1.60× 1.52× 0.91× 1.34×
Accruals Ratio -0.01× -0.03× -0.02× -0.03× 0.01× -0.02×
SBC % of Revenue 2.00% 1.91% 2.01% 1.70% 1.53% 1.55%
CapEx Coverage 8.48× 9.37× 10.73× 11.22× 6.64× 6.66×
Free Cash Flow Per Share $3.44 $2.99 $3.03 $3.12 $1.82 $2.13

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 31.43× 40.06× 27.95× 27.15× 29.79× 23.79×
P/FCF 28.26× 25.85× 19.22× 19.65× 38.43× 20.82×
FCF Yield 3.54% 3.87% 5.20% 5.09% 2.60% 4.80%
EV / EBITDA 25.96× 27.97× 25.91× 21.32× 71.57× 18.85×
P/S 6.70× 6.01× 5.51× 4.85× 17.84× 3.89×
P/B 4.53× 3.97× 3.09× 4.91× 16.42× 3.40×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 8.26B 7.40B 6.06B 6.23B 5.89B 5.63B
Cost of Goods and Services Sold 3.01B 2.75B 2.17B 2.64B 2.47B —
Cost of Revenue — — — 2.64B 2.47B 2.72B
Gross Profit 5.25B 4.65B 3.90B 3.58B 3.42B 2.90B
Operating Expenses 2.92B 2.85B 2.32B 2.02B 1.98B 1.67B
Operating Income (Loss) 2.33B 1.80B 1.58B 1.56B 1.44B 1.23B
Income Tax Expense (Benefit) 358.00M 334.00M 344.00M 352.00M 347.00M 279.00M
Net Income (Loss) Attributable to Parent 1.79B 1.12B 1.06B 1.13B 1.19B 933.00M
Earnings Per Share, Basic $3.12 $1.94 $2.10 $2.28 $2.38 $1.89
Weighted Average Number of Shares Outstanding, Basic 573.26M 575.43M 504.91M 492.42M 497.70M 493.25M
Earnings Per Share, Diluted $3.09 $1.93 $2.08 $2.26 $2.35 $1.86
Weighted Average Number of Shares Outstanding, Diluted 578.60M 579.19M 508.39M 497.86M 505.09M 500.71M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 604.00M 592.00M 453.00M 502.00M 393.00M 2.75B
Assets, Current 8.00B 7.79B 9.10B 8.60B 7.42B 7.66B
Assets 31.05B 30.39B 32.29B 20.87B 20.11B 17.98B
Long-term Debt 8.57B 8.58B 9.67B 4.74B 4.31B 4.94B
Liabilities, Current 7.96B 7.90B 9.03B 8.84B 7.87B 4.92B
Long-term Debt, Excluding Current Maturities 8.57B 9.08B 10.16B 4.74B 4.81B 5.54B
Liabilities 18.82B 19.20B 21.47B 14.70B 13.71B 11.54B
Stockholders' Equity Attributable to Parent 12.23B 11.19B 10.82B 6.15B 6.39B 6.43B
Common Stock, Shares, Outstanding 569.89M 575.06M 575.00M 492.00M 500.00M 164.93M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 2.25B 1.94B 1.70B 1.71B 1.08B 1.25B
Payments to Acquire Property, Plant, and Equipment 266.00M 207.00M 158.00M 152.00M 163.00M 188.00M
Net Cash Provided by (Used in) Investing Activities -1.10B -953.00M -5.99B 49.00M -2.65B -122.00M
Payments for Repurchase of Common Stock 616.00M 145.00M 269.00M 308.00M 468.00M 222.00M
Payments of Dividends 601.00M 541.00M 441.00M 383.00M 350.00M 320.00M
Net Cash Provided by (Used in) Financing Activities -2.95B -2.56B 4.22B 1.04B 1.42B 1.91B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Loading filing details…

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (NDAQ CIK 0001120193), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

Related tickers

AGNT

EXP WORLD HOLDINGS, INC.

FORR

FORRESTER RESEARCH, INC.

PEGA

PEGASYSTEMS INC.