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Financials · Financial Exchanges & Data

Nasdaq: revenue, profit and dividends

In fiscal 2025, Nasdaq had revenue of $8.26B, up 9.3% a year on average since 2015, and net income of $1.79B (21.6% of revenue). Its dividend per share has gone up 13 years in a row, to $1.05. It has 13% more shares than in 2015.

Revenue, fiscal 2025

$8.26B+9.3% a year

average annual revenue growth since 2015 · +11.6% vs 2024

Net income, 2025
$1.79B
21.6% of revenue
Diluted EPS, 2025
$3.09
14.0% a year since 2015
Dividend per share, 2025
$1.05
raised 13 years in a row
Revenue growth, 5 years
8.0% a year
since 2020
Shares, 2025
579M
+12.6% since 2015
Free cash flow, 2025
$1.99B
$2.25B from operations − $266M capex
Ticker
NDAQ · Nasdaq
Sector
Financials
Sub-industry
Financial Exchanges & Data
Headquarters
New York City, New York
Founded
1971
In the S&P 500 since
October 22, 2008
Latest fiscal year
2025, ended December 31, 2025
SEC filer
Nasdaq, Inc. · CIK 0001120193

Revenue and net income

Revenue went from $3.65B in 2008 to $8.26B in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $0.52 in 2008 to $3.09 in 2025. Ten-year growth: 14.0% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 13 years in a row, every year from 2013 to 2025. Ten-year growth: 13.3% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

12.6% more shares in 2025 than in 2015 (514M → 579M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.99B in 2025, 24.1% of revenue.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSDividendSharesOperating cash flowCapexFree cash flow
2025$8.26B$1.79B21.6%$3.09$1.05579M$2.25B$266M$1.99B
2024$7.4B$1.12B15.1%$1.93$0.94579M$1.94B$207M$1.73B
2023$6.06B$1.06B17.5%$2.08$0.86508M$1.7B$158M$1.54B
2022$6.23B$1.12B18.1%$2.26$0.78498M$1.71B$152M$1.55B
2021$5.89B$1.19B20.2%$2.35$0.70505M$1.08B$163M$920M
2020$5.62B$933M16.6%$1.86$0.65501M$1.25B$188M$1.06B
2019$4.26B$774M18.2%$1.54$0.62501M$963M$127M$836M
2018$4.28B$458M10.7%$0.91$0.57503M$1.03B$111M$917M
2017$3.95B$729M18.5%$1.43$0.49509M$909M$144M$765M
2016$3.7B$106M2.9%$0.21$0.40506M$776M$134M$642M
2015$3.4B$428M12.6%$0.83$0.30514M$727M$133M$594M
2014$3.5B$414M11.8%$0.80$0.19519M$632M$140M$492M
2013$3.21B$385M12.0%$0.75$0.17514M$574M$115M$459M
2012$3.12B$352M11.3%$0.68$0.13518M$594M$87M$507M
2011$3.44B$387M11.3%$0.72—540M$669M$88M$581M
2010$3.19B$395M12.4%$0.64—620M$440M$42M$398M
2009$3.41B$266M7.8%$0.42—644M$582M$59M$523M
2008$3.65B$314M8.6%$0.52——$216M$55M$161M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

Stock splits

Found in the filings; per-share figures and share counts on this page are on today’s share basis.

About these figures

Other Financial Exchanges & Data companies

All 76 Financials companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.