---
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"
generated_at: "2026-05-16T06:17:03.714760+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1120193/000119312526028185/0001193125-26-028185-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312526028185/d103698d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-028185
- JSON: https://secwatch.observer/filing/0001193125-26-028185.json
- Plain text: https://secwatch.observer/filing/0001193125-26-028185.txt

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