Nasdaq reported a net revenue of $5.2 billion in 2025, a 13% increase from 2024. Their Solutions revenue increased by 12%, and ARR reached $3.1 billion, growing 10% over the previous year. Financial Technology revenue was $498 million, up 14% from 2024. GAAP diluted earnings per share increased by 60% in 2025.

In the fourth quarter of 2025, Nasdaq returned $153 million to shareholders through dividends and $286 million through repurchases of common stock. They also repaid $100 million of senior unsecured notes. The company’s 2026 non-GAAP operating expense guidance is projected to be between $2.455 billion to $2.535 billion, with a non-GAAP tax rate guidance between 22.5% to 24.5%.

Nasdaq had an excellent year in 2025, surpassing $5 billion in annual net revenue and $4 billion in annual Solutions revenue. Looking ahead to 2026, they aim to deepen client relationships and deliver durable growth with their unified One Nasdaq platform. They are well-positioned for continued momentum and value creation for shareholders.

Read more at GlobeNewswire: Nasdaq Reports Fourth Quarter and Full Year 2025 Results;