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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 65.23% and operating margin at 29.37%. 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$49.1B
P/E Ratio25.66
ROE16.22%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$12M$24M$20M$9M$7M$4M
Compensation and benefits$324M$329M$352M$353M$359M$356M
Depreciation and amortization$153M$156M$158M$158M$161M$165M
General and administrative$25M$6M$23M$22M$24M$29M
Occupancy and equipment$27M$28M$30M$32M$34M$33M
Other operating expenses$710M$690M$738M$729M$763M$750M
Professional fees$44M$36M$39M$38M$48M$39M
Restructuring charges$13M$5M$9M$12M$15M$11M
Selling and marketing$20M$14M$14M$13M$24M$20M
Total operating expenses$710M$690M$738M$729M$763M$750M

Earnings Per Share

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

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$9M$27M$23M$24M$10M$26M
Interest expense$101M$96M$95M$87M$88M$87M
Interest income$8M$11M$12M$8M$7M$6M

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$517M$547M$568M$586M$629M$657M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$439M$488M$548M$529M$580M$677M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$84M$93M$96M$106M$62M$158M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$355M$395M$452M$423M$518M$519M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dividends declared (in dollars per share)$0.24$0.24$0.27$0.27$0.27$0.27
Communications And Information Technology$74M$77M$79M$80M$80M$84M
Deferred taxes-$5M$6M$6M$18M$18M$12M
Gain on sale of business and assets$0$0$39M-$2M$49M$89M
Income Taxes Paid, Net$122M$45M$131M$44M$153M$167M
Accounts payable and other current liabilities-$17M-$17M-$13M——-$33M
Increase (decrease) in contract liabilities and current deferred income$59M$257M—-$128M$79M$311M
Default funds and margin deposits—-$549M-$801M—-$37M-$3.5B
Accrued compensation and employee benefits$23M-$134M——$50M-$153M
Increase (Decrease) in Other Operating Assets$7M-$66M-$18M$17M$163M-$94M
Other liabilities—-$56M-$38M$80M$15M-$121M
Interest Paid, Excluding Capitalized Interest, Operating Activity$90M$125M$84M$74M$71M$126M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$24M-$1.1B-$1.5B$0-$567M-$4.2B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$1B-$258M-$59M-$145M-$638M$747M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$705M$663M$746M$221M$625M$689M
Other Noncash Income (Expense)—$11M——-$22M-$21M
Other income, net (Note 6)$6M-$1M$1M$0-$27M-$14M
Payments For (Proceeds From) Default Funds And Margin Deposits$944M$204M$171M$44M$661M-$976M
Payment for (Proceeds from) Other Investing Activity$8M$5M$6M$65M$2M$11M
Payments for Repurchase of Common Stock$0$115M$100M$115M$286M$548M
Payments of Dividends$138M$138M$155M$155M$153M$153M
Payments to Acquire Property, Plant, and Equipment$60M$49M$59M$69M$89M$60M
Payments to Acquire Short-Term Investments$54M$105M$95M$34M$9M$166M
Financing — other$30M$1M$0-$1M$43M$0
Regulatory$18M$15M$14M$12M$11M$9M
Repayments of Long-Term Debt$181M$257M$400M$69M$100M$0
Revenue From Contract With Customer Excluding Assessed Tax$2B$2.1B$2.1B$2B$2.1B$2.1B
Stock-based compensation$36M$35M$46M$41M$43M$38M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$803M$859M$784M$643M$732M$730M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$2B$2.1B$2.1B$2B$2.1B$2.1B