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NDAQNasdaq SEC EDGAR

NASDAQ, INC.

Security & Commodity Brokers, Dealers, Exchanges & Services·NEW YORK, NY·FY end 12/31·CIK 1120193
OverviewFinancialsCompensationGovernanceInsidersFilings

Financials

5-year history · USD
MetricFY 2025FY 2024FY 2023FY 2022FY 2021Trend
Revenue$8.3B$7.4B$6.1B$6.2B$5.9B
Gross Profit$5.2B$4.6B$3.9B$3.6B$3.4B
Operating Income$2.3B$1.8B$1.6B$1.6B$1.4B
Net Income$1.8B$1.1B$1.1B$1.1B$1.2B
Operating CF$2.3B$1.9B$1.7B$1.7B$1.1B
Capex$266.0M$207.0M$158.0M$152.0M$163.0M
Free Cash Flow$2.0B$1.7B$1.5B$1.6B$920.0M
Buybacks$616.0M$145.0M$269.0M——
Dividends———$383.0M$350.0M
Gross Margin63.5%62.8%64.2%57.5%58.1%
Operating Margin28.2%24.3%26.0%25.1%24.5%
Net Margin21.6%15.1%17.5%18.1%20.2%
FCF Margin24.1%23.4%25.4%25.0%15.6%
R&D / Revenue——————
Effective Tax16.7%23.1%24.6%23.9%22.6%
Debt / Equity1.401.621.881.541.50
Buybacks / FCF31.0%8.4%17.5%——

Peer comparison

Security & Commodity Brokers, Dealers, Exchanges & Services · 4 peers
CEO Pay Ratio
NDAQ
246:1
LPLA
156:1
CBOE
102:1
SNEX
53:1
BGC
117:1
CEO total comp
NDAQ
$25M
LPLA
$15M
CBOE
$12M
SNEX
$5M
BGC
—
Net Margin
NDAQ
21.6%
LPLA
5.1%
CBOE
—
SNEX
0.2%
BGC
5.3%