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Saturday 17 October 2026 Export NDAQ’s income statement to Excel — free account

Nasdaq, 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. In the quarter to June 2026, revenue grew 20.5%, EPS grew 13.9%, free cash flow fell 7.71% and total debt fell 2.14%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years; insiders bought in the last twelve months.

93.80 0.30 +0.32%
Market cap
$52.3B
P/E
27.0×
Fwd P/E
26.1×
Dividend yield
1.24%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Nasdaq, Inc. (NDAQ) Operating margin

Alert me on Operating margin

Nasdaq, Inc.'s operating margin over the twelve months to 30 June 2026 was 29.6%, up 1.4 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 28.3% 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)
Jun 2026 28.1% (2.62)
Mar 2026 30.7% 0.84
Dec 2025 29.9% (0.03)
Sep 2025 29.9% 2.90
42 more quarters

Against its own ten years

Low 21.2% High 28.2%
Ten-year median 24.3%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
CME CME Group Inc. compare 65.1%
MSCI MSCI Inc compare 55.7%
ICE Intercontinental Exchange Inc. compare 51.8%
MCO Moody's Corporation compare 44.8%
SPGI S&P Global Inc. compare 44.4%
CBOE Cboe Global Markets, Inc. compare 34.7%
NDAQ Nasdaq, Inc. 29.6%
TRU TransUnion compare 18.7%
COIN Coinbase Global, Inc. compare 9.86%
Financial Data & Stock Exchanges industry median 28.3%
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

The full definition of Operating margin →

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