Nasdaq, Inc. (NDAQ) FY2025 Annual Balance Sheet

Income StatementCash FlowBalance Sheet

Balance Sheet

As of 2025-12-31

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Nasdaq, Inc. (NDAQ) FY2025 Annual Balance SheetBalance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.Current liabilities$7.96 BCurrent assets$8.00 BLiabilities$18.82 BAssets$31.05 BNon-current liabilities$10.86 BNon-current assets$23.05 BEquity$12.23 BGross equity(calculated)$14.72 BHOLDINGSASSET CLASSASSETSCLAIM CLASSCLAIM SUB-CLASSCLAIMSDefault funds and margin deposits (including restricted cash and cash equivalents of $3,120 and $4,383, respectively)Receivables, netCash and cash equivalentsOther current assetsRestricted cash and cash equivalentsFinancial investmentsGoodwillIntangible assets, netOther non-current assetsProperty and equipment, netOperating lease assetsDefault funds and margin depositsDeferred revenueShort-term debtAccrued personnel costsAccounts payable and accrued expensesOther current liabilitiesLong-term debtDeferred tax liabilities, netOperating lease liabilitiesOther non-current liabilitiesRetained earningsAdditional paid-in capitalCommon stock, $0.01 par value, 900,000,000 shares authorized, shares issued: 594,620,320 at December 31, 2025 and 598,920,378 at December 31, 2024; shares outstanding: 569,894,024 at December 31, 2025 and 575,062,217 at December 31, 2024Noncontrolling interestsCurrent assetsNon-current assetsAssetsCurrent liabilitiesNon-current liabilitiesLiabilitiesEquityGross equity (calculated)Accumulated other comprehensive lossCommon stock in treasury, at cost: 24,726,296 shares at December 31, 2025 and 23,858,161 shares at December 31, 2024Default funds and margin depositsDefault funds and margin deposits$5.84 BCurrent liabilitiesCurrent liabilities$7.96 BDeferred revenueDeferred revenue$785.00 MDefault funds and margin deposits (including restricted cash and cash equivalents of $3,120 and $4,383, respectively)Default funds and margin deposits$5.84 BShort-term debtShort-term debt$431.00 MCurrent assetsCurrent assets$8.00 BReceivables, netReceivables, net$943.00 MLiabilitiesLiabilities$18.82 BAccrued personnel costsAccrued personnel costs$364.00 MCash and cash equivalentsCash and cash equivalents$604.00 MAssetsAssets$31.05 BAccounts payable and accrued expensesAccounts payable and accrued expenses$280.00 MOther current assetsOther current assets$376.00 MOther current liabilitiesOther current liabilities$259.00 MRestricted cash and cash equivalentsRestricted cash and cash equivalents$210.00 MNon-current liabilitiesNon-current liabilities$10.86 BFinancial investmentsFinancial investments$28.00 MLong-term debtLong-term debt$8.57 BNon-current assetsNon-current assets$23.05 BDeferred tax liabilities, netDeferred tax liabilities, net$1.58 BGoodwillGoodwill$14.37 BEquityEquity$12.23 BOperating lease liabilitiesOperating lease liabilities$462.00 MOther non-current liabilitiesOther non-current liabilities$241.00 MGross equity (calculated)Gross equity(calculated)$14.72 BIntangible assets, netIntangible assets, net$6.51 BRetained earningsRetained earnings$9.59 BOther non-current assetsOther non-current assets$993.00 MProperty and equipment, netProperty and equipment, net$728.00 MAdditional paid-in capitalAdditional paid-in capital$5.12 BOperating lease assetsOperating lease assets$447.00 MCommon stock, $0.01 par value, 900,000,000 shares authorized, shares issued: 594,620,320 at December 31, 2025 and 598,920,378 at December 31, 2024; shares outstanding: 569,894,024 at December 31, 2025 and 575,062,217 at December 31, 2024Common stock$6.00 MNoncontrolling interestsNoncontrolling interests$5.00 MAccumulated other comprehensive lossAccumulated other comprehensive loss−$1.77 BCommon stock in treasury, at cost: 24,726,296 shares at December 31, 2025 and 23,858,161 shares at December 31, 2024Common stock in treasury−$716.00 M
Chart details

Nasdaq, Inc. (NDAQ) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets
31,053,000,000 US dollars
Current assets
8,003,000,000 US dollars
Non-current assets
23,050,000,000 US dollars
Liabilities
18,821,000,000 US dollars
Current liabilities
7,961,000,000 US dollars
Non-current liabilities
10,860,000,000 US dollars
Equity
12,232,000,000 US dollars
Noncontrolling interest
5,000,000 US dollars. Included in consolidated equity; this amount is not added again.
Default funds and margin deposits (including restricted cash and cash equivalents of $3,120 and $4,383, respectively)
5,842,000,000 US dollars
Receivables, net
943,000,000 US dollars
Cash and cash equivalents
604,000,000 US dollars
Other current assets
376,000,000 US dollars
Restricted cash and cash equivalents
210,000,000 US dollars
Financial investments
28,000,000 US dollars
Goodwill
14,371,000,000 US dollars
Intangible assets, net
6,511,000,000 US dollars
Other non-current assets
993,000,000 US dollars
Property and equipment, net
728,000,000 US dollars
Operating lease assets
447,000,000 US dollars
Default funds and margin deposits
5,842,000,000 US dollars
Deferred revenue
785,000,000 US dollars
Short-term debt
431,000,000 US dollars
Accrued personnel costs
364,000,000 US dollars
Accounts payable and accrued expenses
280,000,000 US dollars
Other current liabilities
259,000,000 US dollars
Section 31 fees payable to SEC
0 US dollars
Long-term debt
8,573,000,000 US dollars
Deferred tax liabilities, net
1,584,000,000 US dollars
Operating lease liabilities
462,000,000 US dollars
Other non-current liabilities
241,000,000 US dollars
Retained earnings
9,588,000,000 US dollars
Additional paid-in capital
5,122,000,000 US dollars
Common stock, $0.01 par value, 900,000,000 shares authorized, shares issued: 594,620,320 at December 31, 2025 and 598,920,378 at December 31, 2024; shares outstanding: 569,894,024 at December 31, 2025 and 575,062,217 at December 31, 2024
6,000,000 US dollars
Noncontrolling interests
5,000,000 US dollars
Accumulated other comprehensive loss
negative 1,773,000,000 US dollars
Common stock in treasury, at cost: 24,726,296 shares at December 31, 2025 and 23,858,161 shares at December 31, 2024
negative 716,000,000 US dollars
Gross equity (calculated)
14,721,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

  • Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
  • Treasury shares and other negative equity contributions reduce equity.
Nasdaq, Inc. (NDAQ) FY2025 Annual Balance Sheet Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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