NASDAQ, INC.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 12, 2026
NDAQ$108.50+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders Equity
| Year Ended December 31, | ||||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | 2023 | ||||
| Shares | $ | Shares | $ | Shares | $ | |
| Common stock | ||||||
| Beginning balance | 575 | 6 | 575 | 6 | 492 | 5 |
| Acquisition-related stock issuance | — | — | — | — | 86 | 1 |
| Ending balance | 6 | 6 | 6 | |||
| Additional paid-in capital | ||||||
| Beginning balance | 5,530 | 5,496 | 1,445 | |||
| Share repurchase program | (7) | (620) | (2) | (145) | (5) | (269) |
| Share-based compensation | 2 | 165 | 2 | 141 | 3 | 122 |
| Acquisition-related stock issuance | — | — | — | — | — | 4,169 |
| Other issuances of common stock, net | 1 | 47 | 1 | 38 | 1 | 29 |
| Ending balance | 5,122 | 5,530 | 5,496 | |||
| Common stock in treasury, at cost | ||||||
| Beginning balance | (647) | (587) | (515) | |||
| Employee shares withheld | (1) | (69) | (1) | (60) | (2) | (72) |
| Ending balance | (716) | (647) | (587) | |||
| Accumulated other comprehensive loss | ||||||
| Beginning balance | (2,099) | (1,924) | (1,991) | |||
| Other comprehensive income (loss) | 326 | (175) | 67 | |||
| Ending balance | (1,773) | (2,099) | (1,924) | |||
| Retained earnings | ||||||
| Beginning balance | 8,401 | 7,825 | 7,207 | |||
| Net income attributable to Nasdaq | 1,788 | 1,117 | 1,059 | |||
| Cash dividends declared and paid | (601) | (541) | (441) | |||
| Ending balance | 9,588 | 8,401 | 7,825 | |||
| Total Nasdaq stockholders’ equity | 12,227 | 11,191 | 10,816 | |||
| Noncontrolling interests | ||||||
| Beginning balance | 9 | 11 | 13 | |||
| Net activity related to noncontrolling interests | (4) | (2) | (2) | |||
| Ending balance | 5 | 9 | 11 | |||
| Total Equity | 570 | $12,232 | 575 | $11,200 | 575 | $10,827 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.