Companies / Financials
NDAQ
Nasdaq, Inc.
Financial Exchanges & Data
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health74
Growth61
Profitability86
Cash generationn/a
Balance sheetn/a
Dilution control75
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)20.9%Revenue growth (FY)11.6%Revenue CAGR (3y)9.9%Gross margin63.5%Operating margin28.2%Net margin21.6%Free cash flow margin24.1%R&D / revenue—Stock comp / revenue2.0%Net debt / operating cash flow3.92xCurrent ratio1.01Diluted share count change-0.1%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $5.9B | $6.2B | $6.1B | $7.4B | $8.3B |
| Gross profit | $3.4B | $3.6B | $3.9B | $4.6B | $5.2B |
| Operating income | $1.4B | $1.6B | $1.6B | $1.8B | $2.3B |
| Net income | $1.2B | $1.1B | $1.1B | $1.1B | $1.8B |
| Operating cash flow | $1.1B | $1.7B | $1.7B | $1.9B | $2.3B |
| Capital expenditure | $163M | $152M | $158M | $207M | $266M |
| Free cash flow | $920M | $1.6B | $1.5B | $1.7B | $2.0B |
| Stock-based comp | $90M | $106M | $122M | $141M | $165M |
| Buybacks | $468M | $308M | $269M | $145M | $616M |
| Dividends | $350M | $383M | $441M | $541M | $601M |
| Cash | $393M | $502M | $453M | $592M | $604M |
| Total debt | $6.8B | $6.1B | $10.7B | $9.9B | $9.4B |
| Equity | $6.4B | $6.2B | $10.8B | $11.2B | $12.2B |
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