NDAQ Nasdaq, Inc.

Q3 2025 10-Q

Filed: Oct 23, 2025Period ending Sep 30, 2025

Financials

Security & Commodity Brokers, Dealers, Exchanges & ServicesSEC EDGAR

Nasdaq, Inc. (NDAQ) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 23, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue less transaction-based expenses $1,315M, up 14.8% YoY from $1,146M in Q3 2024
• Operating income margin 31.0% vs prior year not explicitly stated; net income attributable to Nasdaq up 38.4% YoY; diluted EPS $0.73 vs $0.53 YoY

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Risk Factors

• No material changes to risk factors from the most recent 10-K
• Carried-forward regulatory risk involving compliance with complex global financial regulations

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Quarterly Financial Summary
XBRL

Revenue

$2.0B

Net Income

$423M

Net Margin

21.6%

Source: XBRL data from Nasdaq, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Nasdaq, Inc. Quarterly Reports

Q2 2025 10-Q

Q1 2025 10-Q

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