ndaq: the income statement

MyFinsight

For the quarter ending 2025-09-30, NDAQ made $1,958M in revenue. $423M in net income. Net profit margin of 21.60%.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Total revenues	1,958	-	2,090	1,902
Transaction-based expenses-Transaction Rebates	637	-	579	513
Transaction-based expenses-Brokerage Clearance And Exchange Fees	6	-	274	243
Revenues less transaction-based expenses	1,315	-	1,237	1,146
Compensation and benefits	353	-	329	332
Professional and contract services	38	-	36	36
Technology and communication infrastructure	80	-	77	71
Occupancy	32	-	28	28
General, administrative and other	22	-	6	26
Marketing and advertising	13	-	14	11
Depreciation and amortization	158	-	156	153
Regulatory	12	-	15	9
Merger and strategic initiatives	9	-	24	10
Restructuring charges	12	-	5	22
Total operating expenses	729	-	690	698
Operating income	586	-	547	448
Interest income	8	-	11	8
Interest expense	87	-	96	102
Net gain (loss) on divestitures	-2	-	-	-
Other income	0	-	-1	1
Net income from unconsolidated investees	24	-	27	1
Income before income taxes	529	548	488	356
Income tax provision	106	96	93	51
Net income	423	452	395	305
Net loss attributable to noncontrolling interests	0	0	0	-1
Net income attributable to nasdaq	423	452	395	306

Basic earnings per share (in dollars per share)	0.74	0.79	0.69	0.53
Diluted earnings per share (in dollars per share)	0.73	0.78	0.68	0.53
Weighted-average common shares outstanding for basic earnings per share (in shares)	573,286,343	574,073,104	575,045,177	575,120,541
Weighted-average common shares outstanding for diluted earnings per share (in shares)	578,977,502	578,981,157	579,982,858	579,017,204