Income StatementBalance SheetCash FlowSegments
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Nasdaq, Inc. Income Statement

Revenue, expenses, and profitability over time

Nasdaq, Inc. generated $8.3B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.9B with a 23.01% net margin. Gross margin stands at 65.22% and operating margin at 29.38%. Diluted EPS is $3.32, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$8.3BGross Profit (TTM)$5.4BOperating Income (TTM)$2.4BNet Income (TTM)$1.9BEps Diluted (TTM)$3.32
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$50.6B
P/E Ratio26.47
ROE16.22%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$12.0M$24.0M$20.0M$9.0M$7.0M$4.0M
Information processing and communications$74.0M$77.0M$79.0M$80.0M$80.0M$84.0M
Compensation and benefits$324.0M$329.0M$352.0M$353.0M$358.0M$356.0M
Depreciation and amortization$152.0M$156.0M$158.0M$158.0M$160.0M$165.0M
General and administrative$25.0M$6.0M$23.0M$22.0M$24.0M$29.0M
Occupancy and equipment$29.0M$28.0M$30.0M$32.0M$34.0M$33.0M
Professional fees$43.0M$36.0M$39.0M$38.0M$47.0M$39.0M
Restructuring charges$12.0M$5.0M$9.0M$12.0M$16.0M$11.0M
Selling and marketing$20.0M$14.0M$14.0M$13.0M$24.0M$20.0M
Total operating expenses$710.0M$690.0M$738.0M$729.0M$761.0M$750.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.61$0.69$0.79$0.74$0.90$0.92
Diluted earnings per share$0.62$0.68$0.78$0.73$0.90$0.91
Dividends Per Share Declared$0.24$0.24$0.27$0.27$0.27$0.27

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$10.0M$27.0M$23.0M$24.0M$9.0M$26.0M
Interest expense$102.0M$96.0M$95.0M$87.0M$89.0M$87.0M
Interest income$8.0M$11.0M$12.0M$8.0M$8.0M$6.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$1.2B$1.2B$1.3B$1.3B$1.4B$1.4B
Operating income$517.0M$547.0M$568.0M$586.0M$630.0M$657.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$440.0M$488.0M$548.0M$529.0M$580.0M$677.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$85.0M$93.0M$96.0M$106.0M$63.0M$158.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$355.0M$395.0M$452.0M$423.0M$518.0M$519.0M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gain on sale of business and assets—$0.0$39.0M-$2.0M$49.0M$89.0M
Other income, net (Note 6)$7.0M-$1.0M$1.0M$0.0-$27.0M-$14.0M
Regulatory$19.0M$15.0M$14.0M$12.0M$11.0M$9.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$805.0M$853.0M$784.0M$643.0M$733.0M$730.0M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$2.0B$2.1B$2.1B$2.0B$2.1B$2.1B