NDAQ Q1 2025 Earnings — Nasdaq, Inc. Revenue & Financial Results | Market Cap Arena

NDAQNasdaq, Inc.

$50B

Q1 2025 Earnings

Financial Services Financial - Data & Stock Exchanges

Income Statement

Revenue

$2.1B+24.9% YoY

Gross Profit

$816M39.0% margin

Operating Income

$547M26.2% margin

Net Income

$395M18.9% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$663M

Free Cash Flow

$614M

Stock-Based Comp.

$35M

Balance Sheet

Total Assets

$30.6B

Total Liabilities

$19.1B

Stockholders' Equity

$11.5B

Cash & Equivalents

$690M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2.1B	$1.7B	+24.9%
Gross Profit	$816M	$701M	+16.4%
Operating Income	$547M	$410M	+33.4%
Net Income	$395M	$234M	+68.8%

Revenue Segments

Market Services

$1.1B54%

Capital Access Platforms

$515M25%

Market Technology

$432M21%

Geographic Segments

UNITED STATES

$1.7B81%

Non-US

$390M19%