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What changed in Nasdaq, Inc.'s latest annual report

In the year ended 31 Dec 2025, Nasdaq, Inc.'s revenue rose 11.6% to USD 8.26bn, from USD 7.40bn; net income rose 60.1% to USD 1.79bn, from USD 1.12bn; shareholders' equity rose 9.3% to USD 12.23bn, from USD 11.19bn.

Year ended 31 Dec 2025. Source: 10-K filed 12 Feb 2026, read it on SEC EDGAR.

USD 7.40bn to USD 8.26bn

Revenue, up 11.6% year on year

The figures, year on year

Annual figures as reported to the SEC, in US dollars. Changes are calculated from the two values.
ItemYear beforeLatest yearChange
Revenue7.40bn8.26bnUp 11.6%
Net income1.12bn1.79bnUp 60.1%
Total assets30.39bn31.05bnUp 2.2%
Total liabilities19.20bn18.82bnDown 1.9%
Long-term debt9.08bn8.57bnDown 5.6%
Cash and cash equivalents592.00m604.00mUp 2%
Shareholders' equity11.19bn12.23bnUp 9.3%

Questions people ask

Did Nasdaq, Inc.'s revenue grow last year?

Revenue grew 11.6%, from USD 7.40bn to USD 8.26bn in the year ended 31 Dec 2025.

Is Nasdaq, Inc. profitable?

Yes. Net income was USD 1.79bn in the year ended 31 Dec 2025. The year before: USD 1.12bn.

How much cash and debt does Nasdaq, Inc. have?

At its latest year end (31 Dec 2025), Nasdaq, Inc. reported cash and cash equivalents of USD 604.00m and long-term debt of USD 8.57bn.

Where do these numbers come from?

From Nasdaq, Inc.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.

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Nasdaq, Inc. (NDAQ) 10-K: what changed year on year | LYNORIQ Insights