Nasdaq (NDAQ) 10-K Summary — Year Ended Dec 31, 2023
Nasdaq, Inc. operates market infrastructure and technology solutions. The annual financial results showed a decline in revenue while maintaining operating profitability.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
Nasdaq, Inc. operates market infrastructure and technology solutions. The annual financial results showed a decline in revenue while maintaining operating profitability.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.1B
Revenue reported for the fiscal year.
Operating income
$1.6B
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$1.7B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $5.9B | n/a |
| Dec 31, 2022 | $6.2B | +5.8% |
| Dec 31, 2023 | $6.1B | -2.6% |
Business overview
The supplied filing sections do not contain a detailed description of Nasdaq's business operations. Only general references to business items are provided.
Financial performance
Revenue decreased year-over-year. Operating income and net income were positive, and operating cash flow remained supportive of business activities.
Material risks
A credit rating downgrade could increase funding costs and reduce access to commercial paper markets. The company's leverage may limit financial flexibility and increase exposure to economic downturns.
Liquidity and capital
The company depends on capital markets and credit facilities for liquidity. Credit ratings directly affect the cost of debt and the ability to issue commercial paper.
What to watch
Investors should monitor any changes in credit ratings and the company's leverage position in the next filing.