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Operating Income for Nasdaq (NDAQ)

According to Nasdaq's latest reported financial statements, the company's current operating income (TTM) is $2.44B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

Nasdaq, Inc. logo
Nasdaq

NDAQ

TTM (last 4 quarters)

$2.44B

YoY change

+29.6%

5Y CAGR

+13.6%

Peak year (2025)

$2.33B

Cumulative operating income

$20.44B

Operating Income history chart for Nasdaq (NDAQ) from 1998 to 2025

Operating Income history table for Nasdaq (NDAQ) from 1998 to 2025

Fiscal yearPeriod endedReportedOperating IncomeYoY
2025$2.33B+29.6%
2024$1.80B+13.9%
2023$1.58B+0.9%
2022$1.56B+8.5%
2021$1.44B+16.8%
2020$1.23B+21.3%
2019$1.02B-1.1%
2018$1.03B+3.7%
2017$991.00M+18.5%
2016$836.00M+16.1%
2015$720.00M-4.5%
2014$754.00M+9.6%
2013$688.00M-0.3%
2012$690.00M-0.9%
2011$696.00M+10.3%
2010$631.00M+4.6%
2009$603.00M-5.8%
2008$640.00M+75.0%
2007$365.66M+70.8%
2006$214.09M+88.4%
2005$113.66M+1289.0%
2004$8.18M-114.3%
2003-$57.31M-151.2%
2002$111.85M+83.0%
2001$61.13M-68.8%
2000$196.02M+45.7%
1999$134.51M+150.7%
1998$53.66M

Operating Income values are taken from Nasdaq's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.

Analysis

In 2025, Nasdaq (NDAQ) operating income totalled $2.33B – grew 29.6% year-over-year.

Nasdaq operating income has grown for 6 consecutive years, with a +13.6% compound annual growth rate over 2020–2025 (5 years).

The dataset's maximum operating income sits at $2.33B (2025); the minimum reading of -$57.31M dates to 2003.

Within Financial Services, Nasdaq (NDAQ) ranks 9th among 8 peers we track. The peer median for operating income is $24.60B.

Nasdaq Operating Income by Year

Nasdaq Operating Income 2025: $2.33B

Nasdaq operating income in 2025 was $2.33B, grew 29.6% from 2024. This figure represents the highest annual value in the available history.

Nasdaq Operating Income 2024: $1.80B

Nasdaq operating income in 2024 was $1.80B, grew 13.9% from 2023.

Nasdaq Operating Income 2023: $1.58B

Nasdaq operating income in 2023 was $1.58B, edged up 0.9% from 2022.

Nasdaq Operating Income 2022: $1.56B

Nasdaq operating income in 2022 was $1.56B, grew 8.5% from 2021.

Nasdaq Operating Income 2021: $1.44B

Nasdaq operating income in 2021 was $1.44B.

See more financial history for Nasdaq (NDAQ).

Sector peers — Operating Income

Companies in the same sector as Nasdaq, ranked by their latest operating income.

CompanyOperating IncomeSector
JPMorgan Chase & Co. (JPM)$72.59BFinancial Services
Berkshire Hathaway Inc. (BRK-B)$59.54BFinancial Services
Bank of America Corporation (BAC)$37.70BFinancial Services
Wells Fargo & Company (WFC)$25.20BFinancial Services
Visa Inc. (V)$23.99BFinancial Services
Morgan Stanley (MS)$21.95BFinancial Services
The Goldman Sachs Group, Inc. (GS)$21.85BFinancial Services
Mastercard Incorporated (MA)$19.40BFinancial Services

Frequently asked questions

What is Nasdaq's operating income?

Latest reported operating income for Nasdaq (NDAQ) is $2.44B (period ending March 31, 2026).

How has Nasdaq operating income changed year-over-year?

Nasdaq (NDAQ) operating income changed +29.6% year-over-year on the latest annual filing.

What is the long-term growth rate of Nasdaq operating income?

Nasdaq (NDAQ) operating income compound annual growth rate is +13.6% over the most recent 5 years available.

When did Nasdaq operating income hit its highest annual value?

Nasdaq operating income reached its highest annual value of $2.33B in 2025.

What was Nasdaq operating income in 2024?

Nasdaq (NDAQ) operating income in 2024 was $1.80B.

What was Nasdaq operating income in 2025?

Nasdaq (NDAQ) operating income in 2025 was $2.33B.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.