Nasdaq, Inc. (NDAQ) FY2025 Annual P&L / Income Statement

Nasdaq, Inc. (NDAQ) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenues

8,262,000,000 US dollars

Transaction-based expenses

3,013,000,000 US dollars

Revenues less transaction-based expenses

5,249,000,000 US dollars

Total operating expenses

2,918,000,000 US dollars

Operating income

2,331,000,000 US dollars

Other income (expense), net (calculated)

negative 186,000,000 US dollars

Income before income taxes

2,145,000,000 US dollars

Income tax provision

358,000,000 US dollars

Net income

1,787,000,000 US dollars

UNITED STATES

5,947,000,000 US dollars

All other countries

2,315,000,000 US dollars

Compensation and benefits

1,392,000,000 US dollars

Professional and contract services

160,000,000 US dollars

Technology and communication infrastructure

316,000,000 US dollars

Occupancy

124,000,000 US dollars

General, administrative and other

75,000,000 US dollars

Marketing and advertising

65,000,000 US dollars

Depreciation and amortization

632,000,000 US dollars

Regulatory

52,000,000 US dollars

Merger and strategic initiatives

60,000,000 US dollars

Restructuring charges

42,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to Nasdaq, Inc.: $1.79 B; to noncontrolling interests: −$1.00 M.