Nasdaq Q2 FY25: where the revenue came from and where it went
The whole income statement of Nasdaq for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Jul 25, 2025
Revenue$2.10B
+17% year over year
Gross profit$1.31B
62% margin
Operating profit$0.57B
27% margin
Net profit$0.45B
22% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 2.10 | 100% | +17% |
| Market services | 1.09 | 52% | |
| Capital access platforms | 0.53 | 25% | |
| Financial technology | 0.46 | 22% | |
| Other revenue | 0.01 | 1% | |
| Corporate | 0.01 | 0% | |
| Cost of revenue | −0.80 | 38% | |
| Gross profit | 1.31 | 62% margin | −3pp |
| G&A | −0.02 | 1% | −1pp |
| Other | −0.72 | 34% | +0pp |
| Operating profit | 0.57 | 27% margin | +3pp |
| Interest & other costs | −0.02 | ||
| Tax | −0.10 | ||
| Net profit | 0.45 | 22% margin | +9pp |
293 of 418 companies, most recently reported first
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