Nasdaq, Inc.

NDAQ

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue

7,400

Cost of Revenue

4,411

Gross Profit

2,989

Gross Margin

40.4%

Operating Income

1,798

Operating Margin

24.3%

Net Income

1,117

Net Margin

15.1%

EPS (Basic)

$1.94

EPS (Diluted)

$1.93

EBITDA

2,460

EBITDA Margin

33.2%

2023

12/31/2023

Revenue

6,064

Cost of Revenue

3,518

Gross Profit

2,546

Gross Margin

42.0%

Operating Income

1,578

Operating Margin

26.0%

Net Income

1,059

Net Margin

17.5%

EPS (Basic)

$2.10

EPS (Diluted)

$2.08

EBITDA

1,996

EBITDA Margin

32.9%

2022

12/31/2022

Revenue

6,226

Cost of Revenue

3,887

Gross Profit

2,339

Gross Margin

37.6%

Operating Income

1,564

Operating Margin

25.1%

Net Income

1,125

Net Margin

18.1%

EPS (Basic)

$2.28

EPS (Diluted)

$2.26

EBITDA

1,853

EBITDA Margin

29.8%

2021

12/31/2021

Revenue

5,886

Cost of Revenue

3,654

Gross Profit

2,232

Gross Margin

37.9%

Operating Income

1,441

Operating Margin

24.5%

Net Income

1,187

Net Margin

20.2%

EPS (Basic)

$2.38

EPS (Diluted)

$2.35

EBITDA

1,927

EBITDA Margin

32.7%

2020

12/31/2020

Revenue

5,625

Cost of Revenue

3,683

Gross Profit

1,942

Gross Margin

34.5%

Operating Income

1,234

Operating Margin

21.9%

Net Income

933

Net Margin

16.6%

EPS (Basic)

$1.89

EPS (Diluted)

$1.86

EBITDA

1,507

EBITDA Margin

26.8%

Income Statement (Annual)

Financial performance (amounts in millions)

Item	2024	2023	2022	2021	2020
Revenue	7,400	6,064	6,226	5,886	5,625
Cost of Revenue	4,411	3,518	3,887	3,654	3,683
Gross Profit	2,989	2,546	2,339	2,232	1,942
Gross Margin	40.4%	42.0%	37.6%	37.9%	34.5%
Operating Income	1,798	1,578	1,564	1,441	1,234
Operating Margin	24.3%	26.0%	25.1%	24.5%	21.9%
Net Income	1,117	1,059	1,125	1,187	933
Net Margin	15.1%	17.5%	18.1%	20.2%	16.6%
EPS (Basic)	$1.94	$2.10	$2.28	$2.38	$1.89
EPS (Diluted)	$1.93	$2.08	$2.26	$2.35	$1.86
EBITDA	2,460	1,996	1,853	1,927	1,507
EBITDA Margin	33.2%	32.9%	29.8%	32.7%	26.8%