{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-028185","form_type":"8-K","ticker":"NDAQ","cik":"0001120193","company_name":"NASDAQ, INC.","filed_at":"2026-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.561742+00:00","generated_at":"2026-05-16T06:17:03.714760+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Nasdaq 2025 net revenue tops $5.2B (+13% YoY); Q4 GAAP EPS $0.90, non-GAAP $0.96; declares $0.27 dividend","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-028185","json":"https://secwatch.observer/filing/0001193125-26-028185.json","markdown":"https://secwatch.observer/filing/0001193125-26-028185.md","text":"https://secwatch.observer/filing/0001193125-26-028185.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120193/000119312526028185/0001193125-26-028185-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120193/000119312526028185/d103698d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:17:03.714760+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}