secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001193125-26-028185
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312526028185/0001193125-26-028185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312526028185/d103698d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-028185

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