Nasdaq, Inc. has reported its financial results for the fourth quarter and full year of 2025. The company's net revenue in 2025 amounted to $5.2 billion, marking a 13% increase over 2024. Solutions revenue also saw a significant increase, up 12% over the previous year.
For the fourth quarter of 2025, Nasdaq reported a net revenue of $1.4 billion, representing a 13% increase over the same period in 2024. Solutions revenue for the fourth quarter also experienced a 13% growth.
The company's annualized recurring revenue (ARR) reached $3.1 billion, reflecting a 10% increase from the fourth quarter of 2024. Additionally, annualized SaaS revenue grew by 11% and represented 38% of ARR.
Nasdaq's financial technology revenue increased by 14% to $498 million, and its index revenue grew by 23% to $232 million in the fourth quarter.
From an earnings perspective, the company saw a 60% increase in GAAP diluted earnings per share (EPS) in 2025 and a 47% growth in the fourth quarter of 2025. Non-GAAP diluted EPS in 2025 increased by 24% over 2024, with a 27% increase in the fourth quarter of 2025.
In terms of capital allocation, Nasdaq returned $153 million to shareholders through dividends and $286 million through repurchases of common stock in the fourth quarter of 2025. The company also repaid $100 million of senior unsecured notes in the same period.
These results reflect Nasdaq's strong performance and growth in various financial metrics, positioning the company for continued success in the future. The market has reacted to these announcements by moving the company's shares 0.65% to a price of $100.98. For more information, read the company's full 8-K submission here.
