Financial insights of NDAQ

MyFinsight

For the year ending 2025-12-31, NDAQ made $8,262M in revenue. $1,788M in net income. Net profit margin of 21.64%.

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Total revenues	8,262	7,400	6,064	6,226
Transaction-based expenses-Transaction Rebates	2,572	2,026	1,838	2,092
Transaction-based expenses-Brokerage Clearance And Exchange Fees	441	725	331	552
Revenues less transaction-based expenses	5,249	4,649	3,895	3,582
Compensation and benefits	1,392	1,324	1,082	1,003
Professional and contract services	160	152	128	140
Technology and communication infrastructure	316	281	233	207
Occupancy	124	112	129	104
General, administrative and other	75	109	113	125
Marketing and advertising	65	54	47	51
Depreciation and amortization	632	613	323	258
Regulatory	52	55	34	33
Merger and strategic initiatives	60	35	148	82
Restructuring charges	42	116	80	15
Total operating expenses	2,918	2,851	2,317	2,018
Operating income	2,331	1,798	1,578	1,564
Interest income	39	28	115	7
Interest expense	367	414	284	129
Net gain on divestitures	86	-	0	0
Other income (loss)	-27	21	-1	2
Net income (loss) from unconsolidated investees	83	16	-7	31
Income before income taxes	2,145	1,449	1,401	1,475
Income tax provision	358	334	344	352
Net income	1,787	1,115	1,057	1,123
Net loss attributable to noncontrolling interests	-1	-2	-2	-2
Net income attributable to nasdaq	1,788	1,117	1,059	1,125

Basic EPS	3.12	1.94	2.1	2.28
Diluted EPS	3.09	1.93	2.08	2.26
Basic Average Shares	573,257,760	575,428,536	504,909,392	492,420,787
Diluted Average Shares	578,597,687	579,189,522	508,392,982	497,857,565