Nasdaq (NDAQ) FY2021 results: revenue $5.9 billion, up 4.6% on the year
Nasdaq, Inc. (NDAQ) reported revenue of $5.9 billion for fiscal 2021, the year ended 31 December 2021, up 4.6% on the year before. Net income was $1.2 billion, up 27.2%, and diluted earnings per share $2.35. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$5.9 billion
+4.6% on the year
FY2014FY2021
Operating margin
24.5%
21.9% a year earlier
FY2014FY2021
Net income
$1.2 billion
+27.2% on the year
FY2014FY2021
Diluted EPS
$2.35
+26.1% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
1,083
1,252
963
-13.5%
Capital expenditure
163
188
127
-13.3%
Free cash flow
920
1,064
836
-13.5%
Free cash flow margin
15.6%
18.9%
19.6%
Cash from investing
-2,653
-122
-414
Cash from financing
1,418
1,910
-2,472
-25.8%
Depreciation and amortisation
108
99.0
89.0
+9.1%
Share-based compensation
90.0
87.0
79.0
+3.4%
Buybacks
468
222
200
+110.8%
Dividends paid
350
320
305
+9.4%
Dividend per share
$0.70
$0.65
$0.62
+8.8%
Diluted shares, weighted
505m
501m
501m
+0.9%
Shares outstanding at period end
500m
495m
495m
+1.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,395
6,433
5,639
-0.6%
Non-controlling interest
10.0
3.0
0.0
+233.3%
Debt
5,830
5,541
3,387
+5.2%
Operating lease liabilities
386
389
331
-0.8%
Other liabilities
7,494
5,613
4,567
+33.5%
Total liabilities and equity
20,115
17,979
13,924
+11.9%
Fixed assets
509
475
384
+7.2%
Goodwill
8,433
6,850
6,366
+23.1%
Intangible assets
2,813
2,255
2,249
+24.7%
Investments
n/a
n/a
291
Trading assets
n/a
n/a
291
Cash and equivalents
393
2,745
332
-85.7%
Receivables
588
566
422
+3.9%
Other assets
7,379
5,088
3,589
+45.0%
Total assets
20,115
17,979
13,924
+11.9%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.