Companies/US/NDAQ

NASDAQ, INC.

Income flow

Annual
NDAQ 10-K Income StatementPeriod 2025-12-31Source 10-K
Market Services$4BCapital Access Platforms$2BFinancial Technology$2BRevenue$8B+12% Y/YGross profit$5B+13% Y/YCost of revenue$3BOperating profit$2B+30% Y/YOperating expenses$3BNet profit$2B+60% Y/YTax$358MR&D & other$3BSG&A$75M

As-filed revenue segments and annual P&L (gross, opex, tax, net). Layout inspired by SankeyArt finance diagrams.

Revenue mix

2025-12-31 · 10-K · USD
By activity
By activity$8.2B
  • Market Services$4.2B51.4%
  • Capital Access Platforms$2.1B26.1%
  • Financial Technology$1.9B22.6%
By geography
By geography$8.3B
  • United States$5.9B72.0%
  • Non-US$2.3B28.0%

Capital & dividends

YieldTrailing twelve-month dividends as a percent of the current share price (income yield).1.24%5y avgAverage dividend yield over the past five years — a smoother view than the latest print.1.27%Trailing DPSCash dividends paid per share over the last twelve months (dividend per share, trailing).1.12PayoutShare of earnings paid out as dividends. Higher means more income returned; lower leaves more for reinvestment.32.7%Shares outTotal shares currently outstanding (issued and not retired).559.0MFloatShares available to trade — outstanding minus closely held (insiders, strategic holders).496.5M
Dividend calendar
Ex-dividend
2026-09-11
Pay date
2026-09-25
Last cash
0.31 · 2026-09-11
Stock splits
  1. 3:12022-08-29

Valuation

Trailing PE 31.1 (2025-12-31)PE trend

Fiscal PE5

PeriodEPSClosePE
2025-12-313.0996.1531.1
2024-12-311.9375.639.2
2023-12-312.0856.0626.9
2022-12-312.2658.1925.8
2021-12-317.0565.539.3

PE = stored close ÷ as-filed diluted EPS (annual 10-K / 20-F). Not a vendor PE series.