Nasdaq, Inc. revenue by year
Over the 10 fiscal years shown, revenue went from $3.70B (year ended Dec 31, 2016) to $8.26B (year ended Dec 31, 2025), a compound annual growth rate of 9.3%. The fastest growth was +32.1% in the year ended Dec 31, 2020; the weakest year was −2.6% (year ended Dec 31, 2023).
Annual revenue
| Fiscal year ended | Revenue (USD) | Change | XBRL concept | Reported in |
|---|---|---|---|---|
| Dec 31, 2025 | $8.26B | +11.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 12, 2026 |
| Dec 31, 2024 | $7.40B | +22.0% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 12, 2026 |
| Dec 31, 2023 | $6.06B | −2.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 12, 2026 |
| Dec 31, 2022 | $6.23B | +5.8% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 21, 2025 |
| Dec 31, 2021 | $5.89B | +4.6% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 21, 2024 |
| Dec 31, 2020 | $5.62B | +32.1% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 23, 2023 |
| Dec 31, 2019 | $4.26B | −0.4% | RevenueFromContractWithCustomerExcludingAssessedTax | 10-K filed Feb 23, 2022 |
| Dec 31, 2018 | $4.28B | +8.3% | Revenues | 10-K filed Feb 22, 2019 |
| Dec 31, 2017 | $3.95B | +6.6% | Revenues | 10-K filed Feb 22, 2019 |
| Dec 31, 2016 | $3.70B | +8.8% | Revenues | 10-K filed Feb 22, 2019 |
Nasdaq, Inc. reported revenue under 2 different XBRL concepts across these years (often after the 2018 change in revenue-recognition rules, ASC 606). Each row shows the concept used, so you can judge comparability.
Quarterly revenue
Quarters reported in 10-Q filings. Fourth quarters are usually reported only inside the annual 10-K, so they are not listed separately here; we do not estimate them.
| Quarter | Revenue (USD) | vs same quarter a year earlier | Source |
|---|---|---|---|
| 3 months ended Sep 30, 2026 | $2.39B | +20.9% | 10-Q filed Oct 22, 2026 |
| 3 months ended Jun 30, 2026 | $2.53B | +20.5% | 10-Q filed Jul 23, 2026 |
| 3 months ended Mar 31, 2026 | $2.14B | +2.0% | 10-Q filed Apr 24, 2026 |
| 3 months ended Sep 30, 2025 | $1.98B | +4.0% | 10-Q filed Oct 22, 2026 |
| 3 months ended Jun 30, 2025 | $2.10B | +17.2% | 10-Q filed Jul 23, 2026 |
| 3 months ended Mar 31, 2025 | $2.10B | +25.2% | 10-Q filed Apr 24, 2026 |
| 3 months ended Sep 30, 2024 | $1.90B | +31.1% | 10-Q filed Oct 23, 2025 |
| 3 months ended Jun 30, 2024 | $1.79B | +25.1% | 10-Q filed Jul 25, 2025 |
Source: SEC EDGAR XBRL company facts for CIK 1120193 (raw data). Most recent filing in this dataset: 10-Q filed Oct 22, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.