| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 470 | 732 | 690 | 266 |
| Restricted cash and cash equivalents | 227 | 195 | 18 | 42 |
| Default funds and margin deposits (including restricted cash and cash equivalents of 3,744 and 4,383, respectively) | 5,750 | 5,218 | 5,686 | 5,865 |
| Financial investments | 53 | 84 | 201 | 202 |
| Receivables, net | 865 | 896 | 986 | 944 |
| Other current assets | 232 | 227 | 237 | 239 |
| Total current assets | 7,597 | 7,352 | 7,818 | 7,558 |
| Property and equipment, net | 689 | 656 | 621 | 584 |
| Goodwill | 14,336 | 14,328 | 14,179 | 14,165 |
| Gross amount | 7,193 | 7,196 | 7,169 | 7,176 |
| Accumulated amortization | 1,803 | 1,684 | 1,545 | 1,306 |
| Net amount | 5,390 | 5,512 | 5,624 | 5,870 |
| Indefinite-lived intangible assets | 1,230 | 1,229 | 1,206 | 1,202 |
| Intangible assets, net | 6,620 | 6,741 | 6,830 | 7,072 |
| Operating lease assets | 440 | 441 | 381 | 388 |
| Other non-current assets | 972 | 865 | 818 | 793 |
| Total assets | 30,654 | 30,383 | 30,647 | 30,560 |
| Accounts payable and accrued expenses | 256 | 246 | 255 | 289 |
| Section 31 fees payable to sec | 0 | 411 | 264 | 74 |
| Accrued personnel costs | 313 | 280 | 198 | 314 |
| Deferred revenue | 719 | 848 | 981 | 663 |
| Other current liabilities | 236 | 154 | 187 | 229 |
| Default funds and margin deposits | 5,750 | 5,218 | 5,686 | 5,865 |
| Short-term debt | 431 | 500 | 400 | 499 |
| Total current liabilities | 7,705 | 7,657 | 7,971 | 7,933 |
| Long-term debt | 8,667 | 8,678 | 8,926 | 9,359 |
| Deferred tax liabilities, net | 1,564 | 1,540 | 1,586 | 1,566 |
| Operating lease liabilities | 454 | 453 | 393 | 399 |
| Other non-current liabilities | 234 | 237 | 216 | 222 |
| Total liabilities | 18,624 | 18,565 | 19,092 | 19,479 |
| Common stock, 0.01 par value, 900,000,000 shares authorized, shares issued 597,402,009 at september 30, 2025 and 598,920,378 at december 31, 2024 shares outstanding 572,746,191 at september 30, 2025 and 575,062,217 at december 31, 2024 | 6 | 6 | 6 | 6 |
| Additional paid-in capital | 5,351 | 5,425 | 5,450 | 5,477 |
| Common stock in treasury, at cost 24,655,818 shares at september 30, 2025 and 23,858,161 shares at december 31, 2024 | 710 | 706 | 672 | 643 |
| Accumulated other comprehensive loss | -1,847 | -1,869 | -1,896 | -1,952 |
| Retained earnings | 9,223 | 8,955 | 8,658 | 8,184 |
| Total nasdaq stockholders equity | 12,023 | 11,811 | 11,546 | 11,072 |
| Noncontrolling interests | 7 | 7 | 9 | 9 |
| Total equity | 12,030 | 11,818 | 11,555 | 11,081 |
| Total liabilities and equity | 30,654 | 30,383 | 30,647 | 30,560 |
NASDAQ, INC. (NDAQ)
NASDAQ, INC. (NDAQ)