NDAQ · XBRL financial data

Nasdaq financial statements, every fiscal year

The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (NDAQ's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	5,627	5,886	6,226	6,064	7,400	8,262
Cost of revenue	2,724	2,466	2,644	—	—	—
Cost of goods and services sold	—	2,466	2,644	2,169	2,751	3,013
Gross profit	2,903	3,420	3,582	3,895	4,649	5,249
General and administrative	142	85	125	113	109	75
Total operating expenses	1,669	1,979	2,018	2,317	2,851	2,918
Operating income (loss)	1,234	1,441	1,564	1,578	1,798	2,331
Interest income	4	1	7	115	28	39
Interest expense	101	125	129	284	414	367
Other income (expense)	5	81	2	(1)	21	(27)
Income tax expense (benefit)	279	347	352	344	334	358
Net income (loss)	933	1,187	1,125	1,059	1,117	1,788
Earnings per share, basic‡ USD per share	1.89	2.38	2.28	2.10	1.94	3.12
Earnings per share, diluted‡ USD per share	1.86	2.35	2.26	2.08	1.93	3.09
Weighted average shares, basic‡ millions of shares	493	498	492	505	575	573
Weighted average shares, diluted‡ millions of shares	501	505	498	508	579	579

‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (August 2022); filings made before it reported them unadjusted.

Fiscal years (NDAQ's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	2,745	393	502	453	592	604
Marketable securities	—	—	—	—	—	28
Total current assets	7,660	7,423	8,604	9,096	7,786	8,003
Property and equipment, net	475	509	532	576	593	728
Right-of-use asset	381	366	444	402	375	447
Goodwill	6,850	8,433	8,099	14,112	13,957	14,371
Total assets	17,979	20,115	20,868	32,294	30,395	31,053
Total current liabilities	4,924	7,872	8,835	9,025	7,902	7,961
Long-term debt	5,541	4,812	4,735	10,163	9,081	8,573
Lease liability, non-current	389	386	452	417	388	462
Total liabilities	11,543	13,710	14,704	21,467	19,195	18,821
Retained earnings	5,628	6,465	7,207	7,825	8,401	9,588
Total stockholders' equity	6,433	6,395	6,151	10,816	11,191	12,227
Total liabilities and equity	17,979	20,115	20,868	32,294	30,395	31,053
Common shares outstanding (cover page)‡ millions of shares	494	493	489	575	575	568

‡ Per-share figures and share counts are adjusted for the 3-for-1 stock split (August 2022); filings made before it reported them unadjusted.

Fiscal years (NDAQ's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	933	1,187	1,125	1,059	1,117	1,788
Stock-based compensation	87	90	106	122	141	165
Depreciation and amortization	99	108	105	117	125	145
Net cash from operating activities	1,252	1,083	1,706	1,696	1,939	2,255
Purchases of property and equipment	188	163	152	158	207	266
Net cash from investing activities	(231)	(2,653)	49	(5,994)	(953)	(1,100)
Proceeds from issuing common stock	50	26	23	29	—	—
Share repurchases	222	468	308	269	145	616
Dividends paid	320	350	383	441	541	601
Proceeds from long-term debt	3,807	826	539	—	0	—
Repayments of long-term debt	1,468	804	1,097	260	521	826
Net cash from financing activities	1,383	1,418	1,036	4,220	(2,561)	(2,953)
Net change in cash	2,420	(483)	1,498	124	(2,112)	(1,072)

SIC 6200 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6200 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Nasdaq	365	2,393	521*	555.0M	Q3 FY26 10-QSep 30, 2026
LPL Financial Holdings	1,059	5,344	297*	77.9M	Q3 FY26 10-QSep 30, 2026
Cboe Global Markets	2,663	1,359	817*	104.3M	Q3 FY26 10-QSep 30, 2026
Tradeweb Markets	2,115	585	347*	not reported	Q3 FY26 10-QSep 30, 2026
Cme Group	2,199	1,737	1,086*	not reported	Q3 FY26 10-QSep 30, 2026
Intercontinental Exchange	936	3,630	1,162*	558.9M	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.