Nasdaq (NDAQ) 10-K Summary — Year Ended Dec 31, 2024
Nasdaq, Inc. filed its annual report for the most recent fiscal year. The company reported an increase in revenue and generated positive operating income and net income.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Nasdaq, Inc. filed its annual report for the most recent fiscal year. The company reported an increase in revenue and generated positive operating income and net income.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.4B
Revenue reported for the fiscal year.
Operating income
$1.8B
Income from operations reported for the year.
Net income
$1.1B
Net income reported for the year.
Operating cash flow
$1.9B
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% |
| Dec 31, 2024 | $7.4B | +22.0% |
Business overview
The business overview section of the filing only lists the table of contents for Item 1 and does not provide a narrative description of the company's operations.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were positive. Operating cash flow was also positive, reflecting cash generation.
Material risks
A credit rating downgrade could increase funding costs and reduce the ability to issue commercial paper. The company's high leverage limits financial flexibility and increases exposure to economic downturns.
Liquidity and capital
The company relies on capital markets for funding, with significant indebtedness. A downgrade in credit ratings would adversely affect the cost and terms of funding.
What to watch
Monitor the company's credit rating status and any changes in its leverage or debt levels.