Nasdaq (NDAQ) FY2024 results: revenue $7.4 billion, up 22.0% on the year
Nasdaq, Inc. (NDAQ) reported revenue of $7.4 billion for fiscal 2024, the year ended 31 December 2024, up 22.0% on the year before. Net income was $1.1 billion, up 5.5%, and diluted earnings per share $1.93. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$7.4 billion
+22.0% on the year
FY2017FY2024
Operating margin
24.3%
26.0% a year earlier
FY2017FY2024
Net income
$1.1 billion
+5.5% on the year
FY2017FY2024
Diluted EPS
$1.93
-7.2% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,939
1,696
1,706
+14.3%
Capital expenditure
207
158
152
+31.0%
Free cash flow
1,732
1,538
1,554
+12.6%
Free cash flow margin
23.4%
25.4%
25.0%
Cash from investing
-953
-5,994
49.0
Cash from financing
-2,561
4,220
1,036
Depreciation and amortisation
125
117
105
+6.8%
Share-based compensation
141
122
106
+15.6%
Buybacks
145
269
308
-46.1%
Dividends paid
541
441
383
+22.7%
Dividend per share
$0.94
$0.86
$0.78
+9.3%
Diluted shares, weighted
579m
508m
498m
+13.9%
Shares outstanding at period end
575m
575m
492m
-0.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
11,191
10,816
6,151
+3.5%
Non-controlling interest
9.0
11.0
13.0
-18.2%
Debt
9,480
10,454
5,399
-9.3%
Operating lease liabilities
388
417
452
-7.0%
Other liabilities
9,327
10,596
8,853
-12.0%
Total liabilities and equity
30,395
32,294
20,868
-5.9%
Fixed assets
593
576
532
+3.0%
Goodwill
13,957
14,112
8,099
-1.1%
Intangible assets
6,905
7,443
2,581
-7.2%
Cash and equivalents
592
453
502
+30.7%
Receivables
1,022
929
677
+10.0%
Other assets
7,326
8,781
8,477
-16.6%
Total assets
30,395
32,294
20,868
-5.9%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.