Nasdaq

NDAQ · NASDAQ

$94.80+$1.60 (+1.72%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $93.20

Key indicators

NDAQ profitability and balance sheet ratios

EPS $0.893 in Q2 FY26, up 14.4% on a year earlier.

EPS by quarter
Period	EPS
Q3 FY24	$0.5285
Q4 FY24	$0.6122
Q1 FY25	$0.6811
Q2 FY25	$0.7807
Q3 FY25	$0.7306
Q4 FY25	$0.8986
Q1 FY26	$0.9077
Q2 FY26	$0.893

Where the money went

Q2 FY26, from revenue to net income

Nasdaq brought in $2.5B of revenue in Q2 FY26, +20.5% on a year earlier. 20¢ of every dollar became profit.

Revenue: $2.5B
Costs, expenses and taxes: $2.0B
Net income: $0.5B
Net margin: 20.0%

Income statement

Revenue and profit by reporting period

Revenue

Net income

NDAQ income statement, quarterly
Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$2.1B	$2.0B	$2.1B	$2.1B	$2.5B
Gross profit	$1.3B	$1.3B	$1.4B	$1.4B	$1.5B
Operating income	$0.6B	$0.6B	$0.6B	$0.7B	$0.7B
Net income	$0.5B	$0.4B	$0.5B	$0.5B	$0.5B
Diluted EPS	$0.78	$0.73	$0.90	$0.91	$0.89

Balance sheet

What the company owns and owes at period end

Total assets

Total liabilities

NDAQ balance sheet, quarterly
Line item	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Total assets	$30.4B	$30.7B	$31.1B	$27.3B	$27.3B
Total liabilities	$18.6B	$18.6B	$18.8B	$15.3B	$15.4B
Shareholder equity	$11.8B	$12.0B	$12.2B	$12.0B	$12.0B
Cash and short-term investments	$0.8B	$0.5B	$0.6B	$0.7B	$0.7B
Total debt	$9.2B	$9.1B	$9.0B	$9.0B	$8.8B

Cash flow

Cash in and out from operations, investing and financing

Operating

Investing

Financing

NDAQ cash flow, quarterly
Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Operating cash flow	$0.7B	$0.2B	$0.6B	$0.7B	$0.7B
Investing cash flow	−$0.1B	−$0.1B	−$0.6B	$0.7B	−$0.4B
Financing cash flow	−$1.5B	$0.2B	−$0.6B	−$4.2B	−$0.6B
Capital expenditure	−$0.1B	−$0.1B	−$0.1B	−$0.1B	−$0.1B
Free cash flow	$0.7B	$0.2B	$0.5B	$0.6B	$0.6B

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