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NASDAQ, INC.

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

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About 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.

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Contents

Financial Statements and Supplementary Data

Nasdaq’s consolidated financial statements, including

2024, Consolidated Statements of Income for the years ended

December 31, 2025, 2024 and 2023, Consolidated Statements

of Comprehensive Income for the years ended December 31,

2025, 2024 and 2023, Consolidated Statements of Changes in

Stockholders’ Equity for the years ended December 31, 2025,

2024 and 2023, Consolidated Statements of Cash Flows for

the years ended December 31, 2025, 2024 and 2023 and

notes to our consolidated financial statements, together with a

report thereon of Ernst & Young LLP, dated February 12,

2026, are attached hereto as pages F-1 through F-44 and

incorporated by reference herein.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.