Nasdaq, Inc. · Q2 2025
ReportedJul 24, 2025
Period endedJun 30, 2025
Rule of 40+65
The quarter in short
Revenue $1.31B, up 12.7% year over year and 5.6% on the quarter. EPS $0.78, up 105.3% year over year and 14.7% on the quarter. Free cash flow $687M, up 68.4% year over year and 11.9% on the quarter. Rule of 40 score +65.
Reported this quarter
Revenue
$1.31B
QoQ +5.6%
YoY +12.7%
EPS
$0.78
QoQ +14.7%
YoY +105.3%
Free Cash Flow
$687M
QoQ +11.9%
YoY +68.4%
Gross Margin
62.2%
QoQ +3.1 pp
YoY −2.5 pp
FCF Margin
52.6%
QoQ +3.0 pp
YoY +17.4 pp
P/E Ratio
34.0
QoQ 0.0%
YoY −0.6%
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Sources & downloads
Company
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Earnings press release
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SEC filings
Filed with the SEC under CIK 1120193.
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8-K results announcement
Filed Jul 24, 2025
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Press release (EX-99.1)
Exhibit 99.1 to the 8-K
351 KB
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Exhibit EX-99.2
Exhibit 99.2 to the 8-K
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10-Q quarterly report
Period ended Jun 30, 2025, filed Jul 25, 2025
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This quarter (CSV)
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This quarter (JSON)
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