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NDAQ Q4 2025 Earnings — Nasdaq, Inc. Revenue & Financial Results | Market Cap Arena
NDAQ
Nasdaq, Inc.
$50B
Q4 2025 Earnings
Financial Services
Financial - Data & Stock Exchanges
Income Statement
Revenue
$2.1B
+2.5% YoY
Gross Profit
$1.4B
66.9% margin
Operating Income
$630M
30.3% margin
Net Income
$519M
25.0% margin
EPS (Diluted)
$0.90
QoQ Revenue Growth
+6.2%
Cash Flow
Operating Cash Flow
$625M
Free Cash Flow
$536M
Stock-Based Comp.
$43M
Balance Sheet
Total Assets
$31.1B
Total Liabilities
$18.8B
Stockholders' Equity
$12.2B
Cash & Equivalents
$814M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$2.1B
$2.0B
+2.5%
Gross Profit
$1.4B
$811M
+71.6%
Operating Income
$630M
$517M
+21.9%
Net Income
$519M
$355M
+46.2%
Revenue Segments
Market Services
$1.0B
50%
Capital Access Platforms
$549M
26%
Market Technology
$497M
24%
Geographic Segments
Non-US
$1.1B
53%
UNITED STATES
$997M
47%
← FY 2025
All Quarters