NDAQ Revenue Flow Filed revenue amounts for 2026-04-01 to 2026-06-30. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.
2026-06-30: Revenue $2.53B ; Cost of revenue $1.03B ; Operating expenses $788.00M ; Income tax $146.00M . 2026-03-31: Revenue $2.14B ; Cost of revenue $730.00M ; Operating expenses $750.00M ; Income tax $158.00M . 2025-12-31: Revenue $2.12B* ; Cost of revenue $732.00M* ; Operating expenses $763.00M* ; Income tax $62.00M* . 2025-09-30: Revenue $1.96B ; Cost of revenue $643.00M ; Operating expenses $729.00M ; Income tax $106.00M . Consolidation item Separate filed amounts; connecting flows are not established. Components and totals may overlap.
NDAQ revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Corporate Non Segment $0.00 Material Reconciling Items $0.00 Revenue $2.53B Cost of revenue $1.03B Gross profit $1.50B Operating expenses $788.00M Operating income $712.00M Other income, net -$2.00M Pre-tax income $653.00M Income tax $146.00M Net income $507.00M
Geography Separate filed amounts; connecting flows are not established. Components and totals may overlap.
NDAQ revenue flow Filed amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow. Non Us $627.00M US $1.90B Revenue $2.53B Cost of revenue $1.03B Gross profit $1.50B Operating expenses $788.00M Operating income $712.00M Other income, net -$2.00M Pre-tax income $653.00M Income tax $146.00M Net income $507.00M
Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.
Historical revenue and expense breakdown Revenue and expense 3 month Period end Revenue Cost of revenue Operating expenses Income tax Net income 2026-06-30 $2.53B $1.03B $788.00M $146.00M $507.00M 2026-03-31 $2.14B $730.00M $750.00M $158.00M $519.00M 2025-12-31 $2.12B* $732.00M* $763.00M* $62.00M* $518.00M* 2025-09-30 $1.96B $643.00M $729.00M $106.00M $423.00M 2025-06-30 $2.10B $795.00M $738.00M $96.00M $452.00M 2025-03-31 $2.10B $859.00M $690.00M $93.00M $395.00M 2024-09-30 $1.90B $756.00M $698.00M $51.00M $306.00M 2024-06-30 $1.79B $633.00M $736.00M $119.00M $222.00M 2024-03-31 $1.67B $557.00M $707.00M $79.00M $234.00M 2023-09-30 $1.45B $511.00M $509.00M $97.00M $294.00M 2023-06-30 $1.43B $508.00M $543.00M $70.00M $267.00M 2023-03-31 $1.53B $619.00M $502.00M $95.00M $302.00M 2022-09-30 $1.56B $667.00M $492.00M $88.00M $294.00M 2022-06-30 $1.55B $659.00M $481.00M $90.00M $307.00M 2022-03-31 $1.53B $643.00M $487.00M $91.00M $284.00M 2021-09-30 $1.36B $519.00M $482.00M $83.00M $288.00M 2021-06-30 $1.41B $566.00M $470.00M $113.00M $341.00M 2021-03-31 $1.65B $800.00M $486.00M $97.00M $298.00M 2020-09-30 $1.41B $698.00M $389.00M $93.00M $264.00M 2020-06-30 $1.40B $699.00M $384.00M $75.00M $241.00M 2020-03-31 $1.35B $652.00M $426.00M $70.00M $203.00M 2019-09-30 $1.10B $464.00M $406.00M $65.00M $150.00M 2019-06-30 $1.06B $438.00M $367.00M $65.00M $174.00M 2019-03-31 $1.04B $405.00M $359.00M $66.00M $247.00M 2018-09-30 $964.00M $364.00M $354.00M $46.00M $163.00M 2018-06-30 $1.03B $412.00M $346.00M $126.00M $162.00M 2018-03-31 $1.15B $485.00M $393.00M $62.00M $177.00M 2017-09-30 $965.00M $362.00M $341.00M $64.00M $170.00M 2017-06-30 $994.00M $398.00M $354.00M $65.00M $146.00M 2017-03-31 $969.00M $388.00M $335.00M $47.00M $168.00M 2016-09-30 $929.00M $344.00M $352.00M $68.00M $131.00M 2016-06-30 $897.00M $338.00M $385.00M $76.00M $70.00M 2016-03-31 $905.00M $371.00M $315.00M $63.00M $132.00M 2015-09-30 $871.00M $342.00M $298.00M $68.00M $138.00M 2015-06-30 $807.00M $289.00M $301.00M $60.00M $133.00M 2015-03-31 $858.00M $351.00M $480.00M $5.00M $9.00M 2014-09-30 $818.00M $321.00M $290.00M $56.00M $123.00M 2014-06-30 $865.00M $342.00M $332.00M $61.00M $101.00M 2014-03-31 $898.00M $369.00M $345.00M $53.00M $103.00M 2013-09-30 $805.00M $299.00M $304.00M $58.00M $113.00M 2013-06-30 $814.00M $363.00M $292.00M $47.00M $88.00M 2013-03-31 $744.00M $326.00M $328.00M $17.00M $42.00M 2012-09-30 $746.00M $334.00M $242.00M $45.00M $89.00M 2012-06-30 $815.00M $388.00M $252.00M $33.00M $93.00M 2012-03-31 $804.00M $390.00M $243.00M $53.00M $85.00M 2011-09-30 $944.00M $508.00M $241.00M $61.00M $110.00M 2011-06-30 $837.00M $422.00M $257.00M $40.00M $92.00M 2011-03-31 $815.00M $402.00M $230.00M $49.00M $104.00M 2010-09-30 $757.00M $385.00M $207.00M $43.00M $101.00M 2010-06-30 $886.00M $496.00M $211.00M $51.00M $96.00M 2010-03-31 $771.00M $411.00M $248.00M $29.00M $61.00M 2009-09-30 $810.00M $461.00M $218.00M $25.00M $60.00M 2009-06-30 $889.00M $522.00M $208.00M $46.00M $69.00M
Revenue and expense 6 month Period end Revenue Cost of revenue Operating expenses Income tax Net income 2026-06-30 $4.67B $1.76B $1.54B $305.00M $1.03B 2025-06-30 $4.20B $1.65B $1.43B $190.00M $847.00M 2024-06-30 $3.47B $1.19B $1.44B $198.00M $456.00M 2023-06-30 $2.97B $1.13B $1.04B $165.00M $568.00M 2022-06-30 $3.09B $1.30B $968.00M $182.00M $590.00M 2021-06-30 $3.06B $1.37B $956.00M $210.00M $639.00M 2020-06-30 $2.75B $1.35B $810.00M $145.00M $444.00M 2019-06-30 $2.10B $843.00M $726.00M $131.00M $421.00M 2018-06-30 $2.18B $897.00M $740.00M $188.00M $339.00M 2017-06-30 $1.96B $786.00M $689.00M $113.00M $314.00M 2016-06-30 $1.80B $710.00M $700.00M $139.00M $202.00M 2015-06-30 $1.67B $641.00M $781.00M $64.00M $142.00M 2014-06-30 $1.76B $710.00M $677.00M $114.00M $205.00M 2013-06-30 $1.56B $688.00M $620.00M $64.00M $130.00M 2012-06-30 $1.62B $778.00M $495.00M $86.00M $178.00M 2011-06-30 $1.65B $824.00M $486.00M $89.00M $196.00M 2010-06-30 $1.66B $907.00M $460.00M $81.00M $157.00M 2009-06-30 $1.78B $1.05B $411.00M $94.00M $163.00M
Revenue and expense 9 month Period end Revenue Cost of revenue Operating expenses Income tax Net income 2025-09-30 $6.14B $2.28B $2.15B $296.00M $1.27B 2024-09-30 $5.37B $1.95B $2.14B $250.00M $762.00M 2023-09-30 $4.42B $1.64B $1.55B $262.00M $862.00M 2022-09-30 $4.64B $1.97B $1.46B $270.00M $884.00M 2021-09-30 $4.42B $1.89B $1.44B $292.00M $928.00M 2020-09-30 $4.16B $2.05B $1.20B $237.00M $708.00M 2019-09-30 $3.20B $1.31B $1.13B $196.00M $571.00M 2018-09-30 $3.14B $1.26B $1.09B $234.00M $502.00M 2017-09-30 $2.93B $1.15B $1.03B $178.00M $483.00M 2016-09-30 $2.73B $1.05B $1.05B $208.00M $333.00M 2015-09-30 $2.54B $984.00M $1.08B $132.00M $280.00M 2014-09-30 $2.58B $1.03B $968.00M $170.00M $328.00M 2013-09-30 $2.36B $987.00M $925.00M $122.00M $244.00M 2012-09-30 $2.37B $1.11B $737.00M $131.00M $266.00M 2011-09-30 $2.60B $1.33B $727.00M $151.00M $306.00M 2010-09-30 $2.41B $1.29B $665.00M $124.00M $258.00M 2009-09-30 $2.59B $1.51B $629.00M $119.00M $223.00M
Revenue and expense 12 month Period end Revenue Cost of revenue Operating expenses Income tax Net income 2025-12-31 $8.26B $3.01B $2.92B $358.00M $1.79B 2024-12-31 $7.40B $2.75B $2.85B $334.00M $1.12B 2023-12-31 $6.06B $2.17B $2.32B $344.00M $1.06B 2022-12-31 $6.23B $2.64B $2.02B $352.00M $1.13B 2021-12-31 $5.89B $2.47B $1.98B $347.00M $1.19B 2020-12-31 $5.63B $2.72B $1.67B $279.00M $933.00M 2019-12-31 $4.26B $1.72B $1.52B $245.00M $774.00M 2018-12-31 $4.28B $1.75B $1.50B $606.00M $458.00M 2017-12-31 $3.95B $1.54B $1.42B $143.00M $729.00M 2016-12-31 $3.70B $1.43B $1.44B $27.00M $106.00M 2015-12-31 $3.40B $1.31B $1.37B $203.00M $428.00M 2014-12-31 $3.50B $1.43B $1.31B $181.00M $414.00M 2013-12-31 $3.21B $1.32B $1.21B $216.00M $385.00M 2012-12-31 $3.12B $1.45B $984.00M $199.00M $352.00M 2011-12-31 $3.44B $1.75B $994.00M $190.00M $387.00M 2010-12-31 $3.19B $1.68B $885.00M $137.00M $395.00M 2009-12-31 $3.41B $1.96B $850.00M $128.00M $266.00M 2008-12-31 $3.65B $2.19B $820.00M -$4.00M $314.00M