stockrowNasdaq, Inc.
NDAQ Financial Financial Data & Stock Exchanges
Nasdaq, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $8.3 billion, up 11.6% from fiscal 2024.
- Revenue
- +20.9%
- EPS
- +31.1%
- Free cash flow
- +202.0%
- Total debt
- −2.26%
Quarter to September 2026, against a year earlier
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Nasdaq, Inc. (NDAQ) Operating margin
Nasdaq, Inc.'s operating margin over the twelve months to 30 September 2026 was 29.9%, up 1.6 percentage points from fiscal 2025 (28.2%). Over the past ten years it has ranged from 21.2% (fiscal 2015) to 28.2% (fiscal 2025) — the current reading is the highest in ten years. That is in line with the Financial Data & Stock Exchanges industry median of 29.1% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 28.2% | 3.91 |
| FY2024 | 24.3% | (1.72) |
| FY2023 | 26.0% | 0.90 |
| FY2022 | 25.1% | 0.64 |
| FY2021 | 24.5% | 2.54 |
| FY2020 | 21.9% | (1.94) |
| FY2019 | 23.9% | (0.16) |
| FY2018 | 24.0% | (1.06) |
| FY2017 | 25.1% | 2.53 |
| FY2016 | 22.6% | 1.41 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Sep 2026 | 30.6% | 2.47 |
| Jun 2026 | 28.1% | (2.62) |
| Mar 2026 | 30.7% | 0.54 |
| Dec 2025 | 30.2% | 0.59 |
| 43 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| CME CME Group Inc. compare | 65.7% |
| MSCI MSCI Inc compare | 55.7% |
| ICE Intercontinental Exchange Inc. compare | 52.3% |
| SPGI S&P Global Inc. compare | 46.2% |
| MCO Moody's Corporation compare | 44.6% |
| CBOE Cboe Global Markets, Inc. compare | 36.4% |
| NDAQ Nasdaq, Inc. | 29.9% |
| TRU TransUnion compare | 19.3% |
| COIN Coinbase Global, Inc. compare | 3.56% |
| Financial Data & Stock Exchanges industry median | 29.1% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on NDAQ
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement