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
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Nasdaq, Inc. (NDAQ) Shares outstanding
Nasdaq, Inc.'s shares outstanding at the end of fiscal 2025 was $578.6M, unchanged from fiscal 2024. At the end of the quarter to 30 September 2026 it was $563.3M. Over the past ten years it has ranged from $497.9M (fiscal 2022) to $579.2M (fiscal 2024); the current reading is higher than 91% of that period. Nasdaq, Inc. ranks 1st of 14 Financial Data & Stock Exchanges companies by shares outstanding.
Shares outstanding, annual
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Annual newest first
| Period | Shares outstanding | Change |
|---|---|---|
| FY2025 | $578.6M | (0.10%) |
| FY2024 | $579.2M | 13.93% |
| FY2023 | $508.4M | 2.12% |
| FY2022 | $497.9M | (1.43%) |
| FY2021 | $505.1M | 0.87% |
| FY2020 | $500.7M | (0.04%) |
| FY2019 | $500.9M | (0.43%) |
| FY2018 | $503.1M | (1.12%) |
| FY2017 | $508.8M | 0.46% |
| FY2016 | $506.4M | (1.45%) |
Quarterly newest first
| Period | Shares outstanding | Change |
|---|---|---|
| Sep 2026 | $563.3M | (0.78%) |
| Jun 2026 | $567.8M | (0.70%) |
| Mar 2026 | $571.7M | (1.18%) |
| Dec 2025 | $578.6M | (0.07%) |
| 43 more quarters | Free account |
Against its own ten years
Shares outstanding against peers
| Company | Shares outstanding |
|---|---|
| NDAQ Nasdaq, Inc. | $563.3M |
| ICE Intercontinental Exchange Inc. compare | $563.0M |
| CME CME Group Inc. compare | $358.6M |
| SPGI S&P Global Inc. compare | $291.6M |
| COIN Coinbase Global, Inc. compare | $288.0M |
| TRU TransUnion compare | $192.6M |
| MCO Moody's Corporation compare | $173.3M |
| CBOE Cboe Global Markets, Inc. compare | $104.7M |
| MSCI MSCI Inc compare | $72.3M |
What Shares outstanding is
Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement