# Nasdaq, Inc. (NDAQ) FY2025 Annual Balance Sheet

- Company: Nasdaq, Inc. (NDAQ)
- Period: As of 2025-12-31
- Filing: FY2025 10-K, filed 2026-02-12, accession number 0001628280-26-007703
- Page: https://plicit.ai/financials/ndaq/fy2025-annual-balance-sheet
- Chart image: https://plicit.ai/charts/ndaq-fy2025-annual-balance-sheet-sankey.png

## Chart details

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.