Nasdaq, Inc.NDAQEarnings & Financial Report
Nasdaq Stock Market is an American stock exchange, the second-largest by market cap on the list of stock exchanges, and the first fully electronic stock market. The exchange is based in Manhattan, New York City, and is among the most active stock trading venue by volume in the United States.
Revenue
$2.0B
Gross Profit
$1.2B
Operating Profit
$517.0M
Net Profit
$355.0M
Gross Margin
60.4%
Operating Margin
25.4%
Net Margin
17.5%
YoY Growth
23.4%
EPS
$0.62
Financial Flow
Nasdaq, Inc. Q4 2024 Financial Summary
Nasdaq, Inc. reported revenue of $2.0B for Q4 2024, with a net profit of $355.0M (17.5% margin). Cost of goods sold was $805.0M, operating expenses totaled $710.0M.
Key Financial Metrics
| Total Revenue | $2.0B |
|---|---|
| Net Profit | $355.0M |
| Gross Margin | 60.4% |
| Operating Margin | 25.4% |
| Report Period | Q4 2024 |
Nasdaq, Inc. Annual Revenue by Year
Nasdaq, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $8.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $8.3B |
| 2024 | $7.4B |
| 2023 | $6.1B |
| 2022 | $6.2B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.67B | $1.79B | $1.90B | $2.03B | $2.09B | $2.09B | $1.96B | $2.12B |
| YoY Growth | 9.2% | 25.1% | 31.1% | 23.4% | 24.9% | 16.6% | 2.9% | 4.5% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $30.27B | $30.21B | $30.56B | $30.39B | $30.65B | $30.38B | $30.65B | $31.05B |
| Liabilities | $19.45B | $19.30B | $19.48B | $19.20B | $19.09B | $18.57B | $18.62B | $18.82B |
| Equity | $10.81B | $10.90B | $11.07B | $11.19B | $11.55B | $11.81B | $12.02B | $12.23B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $530.0M | $460.0M | $244.0M | $705.0M | $663.0M | $746.0M | $221.0M | $625.0M |
Other Financials Companies
CBOE
Cboe Global Markets
Revenue
$1.1B
Net Profit
$300.8M
COIN
Coinbase
Revenue
$1.8B
Net Profit
$-666.7M
FDS
FactSet
Revenue
$607.6M
Net Profit
$152.6M
ICE
Intercontinental Exchange
Revenue
$3.1B
Net Profit
$851.0M
MKTX
MarketAxess
Revenue
$208.8M
Net Profit
$68.2M
MCO
Moody's Corporation
Revenue
$1.9B
Net Profit
$610.0M
MSCI
MSCI Inc.
Revenue
$822.5M
Net Profit
$284.7M
SPGI
S&P Global
Revenue
$3.9B
Net Profit
$1.1B
AFL
Aflac
Revenue
$4.7B
Net Profit
$1.6B
ALL
Allstate
Revenue
$17.3B
Net Profit
$3.7B