NASDAQ, INC.

LISTEDNASDAQ

SYMBOLNDAQ

SIC6200

STATE OF INC.DE

FISCAL YEAR ENDSDecember 31

CIK1120193

SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES · LARGE ACCELERATED FILER · 10 FISCAL YEARS OF SEC XBRL DATA, 2016–2025

Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures adjusted for later stock splits (split ratios inferred from EPS restated in later SEC filings).

CAPITALIZATION 12/31/25

($ millions)	Amount	%
Total debt	9,004	42.4
Stockholders' equity	12,227	57.6
Total capitalization	21,231	100.0

558,977,372 shares outstanding at 16 July 2026 (cover page of the 10-Q filed 23 July 2026).

LONG-TERM DEBT 12/31/25

($ millions)	Amount
Long-term debt, incl. current maturities	8,573
Long-term debt, noncurrent	8,573
Current maturities	431
Short-term borrowings / commercial paper	431

CAPITAL STOCK 12/31/25

Common shares authorized	900,000,000
Common shares issued	594,620,320
Treasury shares	24,726,296
Par or stated value per share ($)	0.01
Outstanding at 7/16/26	558,977,372

DIVIDENDS DECLARED/PAID

Fiscal year	Per share $	Payout %
2025	1.05	34.0
2024	0.94	48.7
2023	0.86	41.3
2022	0.78	34.5
2021	0.70	29.8

HISTORY AND BUSINESS

HISTORY: Incorporated in Delaware. Formerly known as NASDAQ OMX GROUP, INC. (to 10 August 2015); NASDAQ STOCK MARKET INC (to 27 February 2008).

BUSINESS: Classified by the SEC under Standard Industrial Classification 6200, Security & Commodity Brokers, Dealers, Exchanges & Services. Large accelerated filer. Principal executive office: 151 W. 42Nd Street, New York, NY 10036. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.

CONSOLIDATED INCOME ACCOUNT, YEARS ENDED

($ millions)	12/31/25	12/31/24	12/31/23
Total interest expense	–	–	284
Income before income taxes	2,145	1,449	1,401
Income taxes	358	334	344
Net income	1,788	1,117	1,059
Earned per share, diluted ($)	3.09	1.93	2.08
Dividends per share ($)	1.05	0.94	0.86

CONSOLIDATED STATEMENT OF CONDITION

($ millions)	12/31/25	12/31/24
Total assets	31,053	30,395
Short-term borrowings	431	898
Long-term debt	8,573	8,582
Total liabilities	18,821	19,195
Stockholders' equity	12,227	11,191

TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)

Fiscal year ended	Revenues	Oper. income	Net income	Net margin %	EPS diluted $	Div. per share $	Oper. cash flow	Total assets	Total liabilities	Total debt	Deposits	Stockholders' equity	ROE %	Debt / equity
12/31/25	8,262	2,331	1,788	21.6	3.09	1.05	2,255	31,053	18,821	9,004	–	12,227	14.6	0.74
12/31/24	7,400	1,798	1,117	15.1	1.93	0.94	1,939	30,395	19,195	9,480	–	11,191	10.0	0.85
12/31/23	6,064	1,578	1,059	17.5	2.08	0.86	1,696	32,294	21,467	10,454	–	10,816	9.8	0.97
12/31/22	6,226	1,564	1,125	18.1	2.26	0.78	1,706	20,868	14,704	5,399	–	6,151	18.3	0.88
12/31/21	5,886	1,441	1,187	20.2	2.35	0.70	1,083	20,115	13,710	5,830	–	6,395	18.6	0.91
12/31/20	5,625	1,234	933	16.6	1.86	0.65	1,252	17,979	11,543	5,541	–	6,433	14.5	0.86
12/31/19	4,258	1,017	774	18.2	1.54	0.62	963	13,924	8,285	3,387	–	5,639	13.7	0.60
12/31/18	4,277	1,028	458	10.7	0.91	0.57	1,028	15,700	10,251	3,831	–	5,449	8.4	0.70
12/31/17	3,948	991	729	18.5	1.43	0.49	909	15,354	9,474	4,207	–	5,880	12.4	0.72
12/31/16	3,704	836	106	2.9	0.21	0.40	776	13,411	8,720	3,603	–	5,430	2.0	0.66

Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.

REGISTRANT:

NASDAQ, INC.
CIK 1120193 · EIN 52-1165937

PRINCIPAL OFFICE:

151 W. 42Nd Street, New York, NY 10036
Tel.: 1 212 401 8700

INCORPORATED:

Delaware

INDUSTRY (SEC SIC CODE):

6200 · Security & Commodity Brokers, Dealers, Exchanges & Services

FILER STATUS:

Large accelerated filer

LATEST ANNUAL REPORT:

10-K for period ended 12/31/25, filed 12 February 2026

FORMER NAMES:

NASDAQ OMX GROUP, INC.; NASDAQ STOCK MARKET INC

RECENT FILINGS (ANNUAL REPORT REFERENCES BELOW):

7/23/26	10-Q	period 6/30/26
7/23/26	8-K	period 7/23/26
7/1/26	8-K	period 6/30/26
6/16/26	8-K	period 6/10/26
4/24/26	DEF 14A	period 6/10/26
4/24/26	10-Q	period 3/31/26
4/23/26	8-K	period 4/23/26
2/12/26	10-K	period 12/31/25

Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/21/25) · 10-K FY2023 (filed 2/21/24) · 10-K FY2022 (filed 2/23/23) · 10-K FY2021 (filed 2/23/22) · 10-K FY2020 (filed 2/23/21) · 10-K FY2019 (filed 2/25/20) · 10-K FY2018 (filed 2/22/19). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.