Nasdaq, Inc. (NDAQ) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 4.37B | 8B | 7.6B | 7.35B | 7.82B | 7.79B | 7.56B | 7.31B | 7.32B | 9.1B | 12.35B | 13.58B | 8.54B | 8.6B | 10.85B | 10.22B | 8.18B | 7.42B | 5.5B | 5.02B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 40.6 | 39.98 | 41.37 | 40.97 | 43.23 | 44.55 | 46.05 | 47.86 | 50.39 | 42.56 | 37.79 | 40.1 | 39.42 | 38.24 | 38.11 | 37.32 | 35.44 | 35.75 | 37.66 | 36.51 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 2.64B | 6.22B | 4.2B | 4.44B | 4.28B | 5.99B | 6.15B | 5.76B | 5.83B | 7.53B | 6.14B | 7.35B | 7.3B | 7.24B | 9.78B | 8.95B | 6.85B | 6.23B | 4.46B | 3.83B |
| Total Non-Current Assets | 22.93B | 23.05B | 23.06B | 23.03B | 22.83B | 22.61B | 23B | 22.9B | 22.95B | 23.2B | 12B | 12.08B | 12.23B | 12.26B | 12.09B | 12.38B | 12.64B | 12.69B | 12.9B | 12.97B |
| Property, Plant & Equipment | 1.22B | 1.18B | 1.13B | 1.1B | 1B | 968M | 972M | 956M | 975M | 978M | 939M | 946M | 956M | 976M | 966M | 976M | 981M | 875M | 878M | 876M |
| Fixed Asset Turnover | 1.78x | 1.81x | 1.76x | 1.99x | 2.12x | 2.09x | 1.97x | 1.86x | 1.71x | 1.72x | 1.54x | 1.51x | 1.59x | 1.63x | 1.60x | 1.59x | 1.65x | 1.67x | 1.55x | 1.61x |
| Goodwill | 14.31B | 14.37B | 14.34B | 14.33B | 14.18B | 13.96B | 14.16B | 13.98B | 13.97B | 14.11B | 7.99B | 8.02B | 8.1B | 8.1B | 7.95B | 8.15B | 8.34B | 8.43B | 8.51B | 8.59B |
| Intangible Assets | 6.38B | 6.51B | 6.62B | 6.74B | 6.83B | 6.91B | 7.07B | 7.17B | 7.29B | 7.44B | 2.45B | 2.49B | 2.54B | 2.58B | 2.58B | 2.67B | 2.75B | 2.81B | 2.88B | 2.94B |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 27.3B | 31.05B | 30.65B | 30.38B | 30.65B | 30.39B | 30.56B | 30.21B | 30.27B | 32.29B | 24.35B | 25.66B | 20.77B | 20.87B | 22.94B | 22.6B | 20.82B | 20.11B | 18.4B | 17.98B |
| Asset Turnover | 0.07x | 0.07x | 0.06x | 0.07x | 0.07x | 0.07x | 0.06x | 0.06x | 0.05x | 0.06x | 0.06x | 0.06x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.08x | 0.07x | 0.08x |
| Asset Growth % | -10.92% | 2.16% | 0.31% | 0.57% | 1.26% | -5.88% | 25.5% | 17.75% | 45.69% | 54.75% | 6.14% | 13.55% | -0.23% | 3.74% | 24.7% | 25.65% | 12.62% | 11.88% | 24.04% | 23.52% |
| Total Current Liabilities | 4.39B | 7.96B | 7.71B | 7.66B | 7.97B | 7.9B | 7.93B | 7.79B | 7.39B | 9.03B | 7.05B | 8.51B | 8.7B | 8.84B | 11.34B | 10.87B | 8.85B | 7.87B | 5.59B | 4.89B |
| Accounts Payable | 0 | 280M | 256M | 246M | 255M | 269M | 289M | 301M | 266M | 332M | 286M | 199M | 183M | 185M | 189M | 175M | 186M | 185M | 166M | 168M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 431M | 431M | 431M | 500M | 400M | 399M | 499M | 548M | 224M | 291M | 0 | 140M | 347M | 664M | 799M | 1.02B | 1.1B | 1.02B | 480M | 221M |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 2.87B | 7.25B | 5.99B | 5.37B | 5.87B | 5.88B | 6.09B | 5.78B | 5.78B | 7.42B | 6.08B | 7.27B | 7.23B | 7.14B | 9.66B | 8.83B | 6.73B | 6.03B | 4.33B | 3.71B |
| Current Ratio | 1.00x | 1.01x | 0.99x | 0.96x | 0.98x | 0.99x | 0.95x | 0.94x | 0.99x | 1.01x | 1.75x | 1.60x | 0.98x | 0.97x | 0.96x | 0.94x | 0.92x | 0.94x | 0.98x | 1.02x |
| Quick Ratio | 1.00x | 1.01x | 0.99x | 0.96x | 0.98x | 0.99x | 0.95x | 0.94x | 0.99x | 1.01x | 1.75x | 1.60x | 0.98x | 0.97x | 0.96x | 0.94x | 0.92x | 0.94x | 0.98x | 1.02x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 10.87B | 10.86B | 10.92B | 10.91B | 11.12B | 11.29B | 11.55B | 11.51B | 12.05B | 12.44B | 10.82B | 10.9B | 5.89B | 5.87B | 5.72B | 5.87B | 5.95B | 5.84B | 6.45B | 6.42B |
| Long-Term Debt | 9.01B | 9.04B | 8.67B | 8.68B | 8.93B | 9.08B | 9.36B | 9.25B | 9.77B | 10.16B | 9.7B | 9.79B | 4.76B | 4.74B | 4.57B | 4.7B | 4.8B | 4.81B | 5.45B | 5.48B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 15.26B | 18.82B | 18.62B | 18.57B | 19.09B | 19.2B | 19.48B | 19.3B | 19.45B | 21.47B | 17.87B | 19.41B | 14.6B | 14.7B | 17.06B | 16.75B | 14.8B | 13.71B | 12.04B | 11.31B |
| Total Debt | 9.45B | 9.93B | 9.55B | 9.63B | 9.72B | 9.87B | 10.26B | 10.21B | 10.4B | 10.87B | 10.12B | 10.36B | 5.55B | 5.85B | 5.83B | 6.19B | 6.38B | 6.22B | 6.33B | 6.1B |
| Net Debt | 8.88B | 9.11B | 9.08B | 8.9B | 9.03B | 9.28B | 9.99B | 9.79B | 10.01B | 10.42B | 4.78B | 5.01B | 5.18B | 5.35B | 5.53B | 5.73B | 5.89B | 5.82B | 6.02B | 5.71B |
| Debt / Equity | 0.78x | 0.81x | 0.79x | 0.81x | 0.84x | 0.88x | 0.93x | 0.94x | 0.96x | 1.00x | 1.56x | 1.66x | 0.90x | 0.95x | 0.99x | 1.06x | 1.06x | 0.97x | 1.00x | 0.91x |
| Debt / EBITDA | 11.49x | 12.55x | 12.84x | 13.27x | 13.83x | 14.73x | 17.07x | 17.72x | 18.41x | 22.74x | 20.43x | 23.17x | 11.54x | 14.20x | 12.64x | 12.97x | 13.51x | 14.63x | 14.99x | 13.73x |
| Net Debt / EBITDA | 10.80x | 11.52x | 12.21x | 12.26x | 12.84x | 13.84x | 16.62x | 17.00x | 17.72x | 21.79x | 9.65x | 11.21x | 10.77x | 12.98x | 11.99x | 12.02x | 12.48x | 13.70x | 14.27x | 12.86x |
| Interest Coverage | 6.39x | 7.51x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Equity | 12.04B | 12.23B | 12.03B | 11.82B | 11.55B | 11.2B | 11.08B | 10.91B | 10.82B | 10.83B | 6.48B | 6.25B | 6.18B | 6.16B | 5.88B | 5.85B | 6.02B | 6.41B | 6.36B | 6.67B |
| Equity Growth % | 4.18% | 9.21% | 8.56% | 8.34% | 6.8% | 3.45% | 71.03% | 74.61% | 75.09% | 75.65% | 10.11% | 6.77% | 2.61% | -3.76% | -7.41% | -12.29% | -4.93% | -0.48% | 5.67% | 15.88% |
| Book Value per Share | 21.06 | 21.22 | 20.78 | 20.41 | 19.95 | 19.34 | 19.14 | 18.84 | 18.69 | 19.66 | 13.11 | 12.66 | 12.49 | 12.40 | 11.85 | 11.78 | 12.00 | 12.58 | 12.45 | 13.36 |
| Total Shareholders' Equity | 12.03B | 12.23B | 12.02B | 11.81B | 11.55B | 11.19B | 11.07B | 10.9B | 10.81B | 10.82B | 6.47B | 6.24B | 6.17B | 6.15B | 5.88B | 5.84B | 6.01B | 6.39B | 6.34B | 6.66B |
| Common Stock | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 5M | 5M | 5M | 5M | 5M | 2M | 2M | 2M | 2M | 2M |
| Retained Earnings | 9.95B | 9.59B | 9.22B | 8.96B | 8.66B | 8.4B | 8.18B | 8.02B | 7.93B | 7.83B | 7.75B | 7.57B | 7.41B | 7.21B | 7.06B | 6.87B | 6.66B | 6.46B | 6.3B | 6.1B |
| Treasury Stock | 0 | -716M | -710M | -706M | -672M | -647M | -643M | -641M | -611M | -587M | -585M | -583M | -555M | -515M | -510M | -509M | -489M | -437M | -425M | -423M |
| Accumulated OCI | -1.81B | -1.77B | -1.85B | -1.87B | -1.9B | -2.1B | -1.95B | -2.01B | -2.04B | -1.92B | -2.1B | -2.12B | -2.01B | -1.99B | -2.09B | -1.91B | -1.67B | -1.59B | -1.51B | -1.45B |
| Minority Interest | 5M | 5M | 7M | 7M | 9M | 9M | 9M | 10M | 10M | 11M | 12M | 12M | 12M | 13M | 9M | 9M | 9M | 10M | 10M | 11M |