---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-014912"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2025-01-29T23:59:59+00:00"
generated_at: "2026-05-27T06:28:16.547619+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nasdaq Q4 net revenue up 10%, non-GAAP EPS +5%; declares $0.24 dividend

## Summary
- 2024 non-GAAP net revenue $4.683B, up 9% adjusted; Q4 net revenue $1.227B, up 10%.
- GAAP diluted EPS Q4 $0.61 (+72% YoY); full year $1.93 (-7%). Non-GAAP Q4 $0.76 (+5%), full year $2.82 (flat).
- ARR $2.768B, +7% YoY; Financial Tech ARR up 12% organic; Index revenue $188M (+29%).
- Quarterly dividend $0.24/share, payable March 28, 2025 to holders of record March 14, 2025.
- 2025 guidance: non-GAAP op. expense $2,245M-$2,325M; tax rate 22.5%-24.5%.

## SEC filing metadata
- accession: 0001193125-25-014912
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2025-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312525014912/0001193125-25-014912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312525014912/d927353d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-014912
- JSON: https://secwatch.observer/filing/0001193125-25-014912.json
- Plain text: https://secwatch.observer/filing/0001193125-25-014912.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.