Nasdaq (NDAQ) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was stronger than the year-over-year growth.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was stronger than the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1B
Revenue reported for this quarter.
Quarter-over-quarter
+8.5%
Change from the immediately preceding quarter.
Year-over-year
+4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $2.1B | +25.2% |
| Jun 30, 2025 | $2.1B | +16.6% |
| Sep 30, 2025 | $2B | +2.9% |
| Dec 31, 2025 | $2.1B | +4.6% |
Revenue performance
The company delivered higher revenue in the quarter, continuing a pattern of growth observed in recent periods.
Quarterly comparison
When measured against the immediately preceding quarter, revenue rose at a faster pace than when compared to the same quarter one year earlier. The trailing twelve-month revenue was consistent with the quarterly performance.
What to watch
The filing discusses the company's credit rating and leverage, which are factors that could influence future financing conditions.