secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001193125-25-163817
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq Q2 net revenue $1.306B (+13% YoY), GAAP EPS $0.78 (+103%), non-GAAP EPS $0.85 (+24%)
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- Net revenue $1.306B (+13% YoY); GAAP diluted EPS $0.78 (+103%), non-GAAP diluted EPS $0.85 (+24%).
- ARR $2.931B (+10% YoY); Index revenue $196M (+17%) with $20B net inflows in Q2.
- FinTech revenue $464M (+10%); 57 new clients, 130 upsells, record 7 cross-sells in Q2.
- Market Services net revenue $306M (+22%) driven by record U.S. cash equities volumes; $400M debt repaid.
- Quarterly dividend $0.27/share declared, payable Sept 26 to record Sept 12; $155M returned via dividends in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312525163817/0001193125-25-163817-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312525163817/d56011d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-163817

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer