Nasdaq, Inc. FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $8.3B |
| Gross margin | 63.5% |
| Operating income | $2.3B |
| Net income | $1.8B |
| Diluted EPS | $3.09 |
| Cash & equivalents | $604.0M |
| Total assets | $31.1B |
| Long-term debt | $8.6B |
Key takeaway
Nasdaq reported $8.26 billion in revenue and $1.79 billion in net income for fiscal 2025, with a 16.7% effective tax rate.
🔒 4 more takeaways in the full analysis
Beneath the surface
The company's cash position of $604 million is far below its $9.0 billion in total debt (DebtLongtermAndShorttermCombinedAmount), leaving a large net debt position of roughly $8.4 billion despite the profitable operating results.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for NDAQ.
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