Nasdaq 2025 net revenue tops $5.2B (+13% YoY); Q4 GAAP EPS $0.90, non-GAAP $0.96; declares $0.27 dividend

NASDAQ, INC.

2025-FY EPS reported $3.09 revenue$8,262,000,000

Full-year 2025 net revenue of $5.249B (+13% YoY); Solutions revenue $4.011B (+12%).
Q4 GAAP EPS $0.90 (+47% YoY); non-GAAP diluted EPS $0.96 (+27% YoY).
ARR $3.1B (+10% YoY); FinTech revenue $498M (+14%); Index revenue $232M (+23%) with $99B LTM net inflows.
2026 non-GAAP opex guidance $2.455B-$2.535B; tax rate 22.5%-24.5%.
Quarterly dividend of $0.27 per share declared, payable March 30, 2026 to holders of record March 16, 2026.

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