AGM/EGMApr 26, 2026, 05:32 AM
NDAQ 2025 Net Revenue $5.2B; Tokenized & 23/5 Trading Approved
AI Summary
NASDAQ, INC. (NDAQ) announced exceptional performance in 2025, surpassing $5 billion in annual net revenue and achieving record results across divisions. Key strategic milestones include SEC approval for tokenized equity securities trading and regulatory approval for 23/5 trading of U.S. equities. The company also demonstrated disciplined capital allocation, increasing dividends and repaying significant debt, while integrating AI across its products and operations.
Key Highlights
- 2025 annual net revenue reached $5.2 billion, with Solutions revenue exceeding $4 billion for the first time.
- SEC approved trading of tokenized equity securities on Nasdaq's U.S. markets in March 2026.
- Regulatory approval received in April 2026 for 23/5 trading of U.S. equities, planned for H2 2026.
- Increased quarterly cash dividend by 13% to $0.27 per share in 2025.
- Repaid $826 million of outstanding debt, meeting deleveraging goal ahead of schedule.
- Returned over $1.2 billion to shareholders through dividends and share repurchases.
- Financial Technology revenue and Annualized Recurring Revenue (ARR) grew 14% annually.
- Maintained position as #1 U.S. listing exchange for seventh consecutive year, welcoming $1.2 trillion in market value transfers.