Home / Company numbers
Nasdaq, Inc. (NDAQ)
CIK 1120193 · fiscal year ends 12/31 · SIC 6200 Security & Commodity Brokers, Dealers, Exchanges & Services · numbers from SEC XBRL, no AI on this page
✓ A verified AI earnings note is available for NDAQ.
Key metrics
| Metric | FY2024 Q4 2024-12-31 | FY2025 Q1 2025-03-31 | FY2025 Q2 2025-06-30 | FY2025 Q3 2025-09-30 | FY2025 Q4 2025-12-31 | FY2026 Q1 2026-03-31 | FY2026 Q2 2026-06-30 | FY2026 Q3 2026-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.03Bᵈ | $2.10Bʳ | $2.10Bʳ | $1.98Bʳ | $2.09Bᵈʳ | $2.14B | $2.53B | $2.39B |
| Gross profit | $1.23Bᵈ | $1.24B | $1.31B | $1.31B | $1.39Bᵈ | $1.41B | $1.50B | $1.48B |
| Operating income | $517.0Mᵈ | $547.0M | $568.0M | $586.0M | $629.0Mᵈ | $657.0M | $712.0M | $732.0M |
| Net income | $355.0Mᵈ | $395.0M | $452.0M | $423.0M | $518.0Mᵈ | $519.0M | $507.0M | $540.0M |
| Diluted EPS | — | $0.68 | $0.78 | $0.73 | — | $0.91 | $0.89 | $0.96 |
| Operating cash flow | $705.0Mᵈ | $663.0M | $746.0Mᵈ | $221.0Mᵈ | $625.0Mᵈ | $689.0M | $711.0Mᵈ | $521.0Mᵈ |
| Capital expenditures | $60.0Mᵈ | $49.0M | $59.0Mᵈ | $69.0Mᵈ | $89.0Mᵈ | $60.0M | $77.0Mᵈ | $62.0Mᵈ |
| Free cash flow (OCF − capex) | $645.0Mᵈ | $614.0Mᵈ | $687.0Mᵈ | $152.0Mᵈ | $536.0Mᵈ | $629.0Mᵈ | $634.0Mᵈ | $459.0Mᵈ |
| Stock-based compensation | $36.0Mᵈ | $35.0M | $46.0Mᵈ | $41.0Mᵈ | $43.0Mᵈ | $38.0M | $49.0Mᵈ | $47.0Mᵈ |
| Deferred revenue | $788.0M | $1.06B | $929.0M | $801.0M | $873.0M | $1.18B | $1.02B | $910.0M |
| Remaining performance obligations | $3.13B | $3.12B | $3.32B | $3.21B | $3.64B | $3.65B | $3.61B | $3.63B |
ᵈ derived (Q4 = full year − 9-month YTD; cash-flow quarters from year-to-date totals) · ʳ restated: latest filed value shown · ᵖ current portion only. Hover a number for its XBRL concept.
Growth
| Metric | FY2024 Q4 | FY2025 Q1 | FY2025 Q2 | FY2025 Q3 | FY2025 Q4 | FY2026 Q1 | FY2026 Q2 | FY2026 Q3 |
|---|---|---|---|---|---|---|---|---|
| Revenue YOY | +23.3% | +25.2% | +17.2% | +4.0% | +2.8% | +2.0% | +20.5% | +20.9% |
| Revenue QOQ | +6.7% | +3.3% | +0.2% | -5.8% | +5.5% | +2.4% | +18.5% | -5.5% |
| Gross profit YOY | +9.8% | +10.7% | +12.7% | +14.7% | +13.4% | +13.7% | +14.9% | +12.6% |
| Gross profit QOQ | +7.1% | +0.8% | +5.6% | +0.7% | +5.9% | +1.1% | +6.6% | -1.3% |
| Operating income YOY | +46.5% | +33.4% | +34.3% | +30.8% | +21.7% | +20.1% | +25.4% | +24.9% |
| Operating income QOQ | +15.4% | +5.8% | +3.8% | +3.2% | +7.3% | +4.5% | +8.4% | +2.8% |
| Net income YOY | +80.2% | +68.8% | +103.6% | +38.2% | +45.9% | +31.4% | +12.2% | +27.7% |
| Net income QOQ | +16.0% | +11.3% | +14.4% | -6.4% | +22.5% | +0.2% | -2.3% | +6.5% |
| Diluted EPS YOY | — | +70.0% | +105.3% | +37.7% | — | +33.8% | +14.1% | +31.5% |
| Diluted EPS QOQ | — | — | +14.7% | -6.4% | — | — | -2.2% | +7.9% |
| Operating cash flow YOY | +69.1% | +25.1% | +62.2% | -9.4% | -11.3% | +3.9% | -4.7% | +135.7% |
| Operating cash flow QOQ | +188.9% | -6.0% | +12.5% | -70.4% | +182.8% | +10.2% | +3.2% | -26.7% |
| Free cash flow (OCF − capex) YOY | +72.0% | +25.1% | +68.4% | -19.1% | -16.9% | +2.4% | -7.7% | +202.0% |
| Free cash flow (OCF − capex) QOQ | +243.1% | -4.8% | +11.9% | -77.9% | +252.6% | +17.4% | +0.8% | -27.6% |
| Deferred revenue YOY | +16.7% | +12.1% | +14.1% | +8.1% | +10.8% | +11.5% | +9.8% | +13.6% |
| Deferred revenue QOQ | +6.3% | +34.3% | -12.2% | -13.8% | +9.0% | +35.2% | -13.6% | -10.8% |
| Remaining performance obligations YOY | +18.2% | +15.3% | +21.7% | +9.4% | +16.2% | +16.9% | +8.8% | +13.1% |
| Remaining performance obligations QOQ | +6.7% | -0.4% | +6.5% | -3.3% | +13.3% | +0.2% | -0.9% | +0.5% |
Margins
| Margin | FY2024 Q4 | FY2025 Q1 | FY2025 Q2 | FY2025 Q3 | FY2025 Q4 | FY2026 Q1 | FY2026 Q2 | FY2026 Q3 |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 60.4% | 59.0% | 62.2% | 66.4% | 66.7% | 65.8% | 59.2% | 61.9% |
| Operating margin | 25.5% | 26.1% | 27.0% | 29.6% | 30.1% | 30.7% | 28.1% | 30.6% |
| Net margin | 17.5% | 18.8% | 21.5% | 21.4% | 24.8% | 24.3% | 20.0% | 22.6% |
| FCF margin | 31.8% | 29.3% | 32.7% | 7.7% | 25.7% | 29.4% | 25.0% | 19.2% |
| SBC % of revenue | 1.8% | 1.7% | 2.2% | 2.1% | 2.1% | 1.8% | 1.9% | 2.0% |
Source filings
| Quarter | Calendar | Period end | Form | Filed | Filing | Earnings 8-K |
|---|---|---|---|---|---|---|
| FY2026 Q3 | CY2026 Q3 | 2026-09-30 | 10-Q | 2026-10-22 | open | open |
| FY2026 Q2 | CY2026 Q2 | 2026-06-30 | 10-Q | 2026-07-23 | open | open |
| FY2026 Q1 | CY2026 Q1 | 2026-03-31 | 10-Q | 2026-04-24 | open | open |
| FY2025 Q4 | CY2025 Q4 | 2025-12-31 | 10-K | 2026-02-12 | open | open |
| FY2025 Q3 | CY2025 Q3 | 2025-09-30 | 10-Q | 2025-10-23 | open | open |
| FY2025 Q2 | CY2025 Q2 | 2025-06-30 | 10-Q | 2025-07-25 | open | open |
| FY2025 Q1 | CY2025 Q1 | 2025-03-31 | 10-Q | 2025-04-28 | open | open |
| FY2024 Q4 | CY2024 Q4 | 2024-12-31 | 10-K | 2025-02-21 | open | open |