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.

Revenue
+20.9%
EPS
+31.1%
Free cash flow
+202.0%
Total debt
−2.26%

Quarter to September 2026, against a year earlier

107.07 0.24 +0.22%
Market cap
$59.3B
P/E
28.9×
Fwd P/E
29.4×
Dividend yield
1.08%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Nasdaq, Inc. (NDAQ) Revenue growth

Alert me on Revenue growth

Nasdaq, Inc.'s revenue growth over the twelve months to 30 September 2026 was 11.5%, down 0.2 percentage points from fiscal 2025 (11.7%). Over the past ten years it has ranged from −2.77% (fiscal 2015) to 32.1% (fiscal 2020); the current reading is higher than 82% of that period. That is above the Financial Data & Stock Exchanges industry median of 10.4% and above the Financial sector median of 7.50%.

Revenue growth, annual

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Annual newest first

Period Revenue growth Change (points)
FY2025 11.7% (10.38)
FY2024 22.0% 24.63
FY2023 −2.60% (8.38)
FY2022 5.78% 1.14
FY2021 4.64% (27.46)
FY2020 32.1% 32.54
FY2019 −0.44% (8.77)
FY2018 8.33% 1.74
FY2017 6.59% (2.26)
FY2016 8.85% 11.62

Quarterly newest first

Period Revenue growth Change (points)
Sep 2026 20.9% 0.41
Jun 2026 20.5% 18.55
Mar 2026 1.96% (0.70)
Dec 2025 2.66% (1.39)
43 more quarters

Against its own ten years

Low −2.77% High 32.1%
Ten-year median 6.59%
Current reading's percentile 82

Revenue growth against peers

Company Revenue growth
CBOE Cboe Global Markets, Inc. compare 14.3%
TRU TransUnion compare 13.5%
MSCI MSCI Inc compare 12.3%
SPGI S&P Global Inc. compare 12.3%
ICE Intercontinental Exchange Inc. compare 11.9%
NDAQ Nasdaq, Inc. 11.5%
MCO Moody's Corporation compare 9.00%
CME CME Group Inc. compare 8.99%
COIN Coinbase Global, Inc. compare −26.6%
Financial Data & Stock Exchanges industry median 10.4%
Financial sector median 7.50%
Market median 7.71%

What Revenue growth is

Revenue Growth shows how fast a company’s sales are rising or falling compared with the same period a year earlier.

(Revenue − Revenue a year earlier) ÷ |Revenue a year earlier|

The full definition of Revenue growth →

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