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Nasdaq, Inc. NDAQ Total Revenue

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Segments

By segment

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Market Services$1.37B+24.6%
Capital Access Platforms$621M+19.4%
Financial Technology$539M+16.2%

By geography

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United States$1.91B

Other financials

Income statement

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Gross profit$1.5B+14.9%
Operating income$712.0M+25.4%
Net income$507.0M+12.2%
EPS (diluted)$0.89+14.1%

Balance sheet

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Cash & equivalents$800.0M-81.0%
Total debt$9.6B-5.9%
Total equity$12.0B+1.5%
Total assets$27.3B-10.0%

Cash flow

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Operating cash flow$711.0M-4.7%
CapEx$77.0M+30.5%
Free cash flow$634.0M-7.7%

Valuation

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Market cap$55.6B+2.2%
Enterprise value$64.39B+6.6%
P/E28.3×-7.8×
P/S6.4×-0.3×

Profitability

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Gross margin64.2%+3.7pp
Operating margin29.5%+3.9pp
Net margin22.5%+3.9pp
FCF margin22.3%-4.0pp

Returns & leverage

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Return on equity16.5%+3.2pp
Debt / equity0.8×-0.1×
Current ratio0.0×

Where this comes from

Reported directly by Nasdaq, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Nasdaq, Inc.’s 10-Q, filed July 23, 2026.

Filed
Jul 23, 2026, 4:13 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001120193-26-000013
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Financial Technology5394641,057896
Market Services1,3721,1012,4192,240
Other revenues16832
Total revenues2,5322,1014,6704,196
Transaction-based expenses:
Transaction rebates(712)(640)(1,436)(1,224)
Brokerage, clearance and exchange fees(320)(155)(326)(429)
Revenues less transaction-based expenses1,5001,3062,9082,543

Item 1. Financial Statements

FAQ

What is Nasdaq, Inc.'s total revenue?
Nasdaq, Inc. (NDAQ) reported total revenue of $2.53B in Q2 2026.
How has Nasdaq, Inc.'s total revenue changed year-over-year?
Nasdaq, Inc.'s total revenue increased by 20.5% year-over-year, from $2.1B to $2.53B.
What is the long-term trend for Nasdaq, Inc.'s total revenue?
Over 4 years (2021 to 2025), Nasdaq, Inc.'s total revenue has grown at a 8.9% compound annual growth rate (CAGR), from $5.89B to $8.28B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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