US-listed companies
NASDAQ, INC.

NASDAQ, INC.NDAQ

Market cap

$41.9B

P/E ratio

39.6x

Income statement Balance sheet Cash flow

	Dec 31, 2010	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Operating Segments	-	-	-	-	-	-	2,255	2,418	2,709	2,639	3,832	3,707	4,225	3,156
Reconciling Items	-	-	-	-	-	-	-	-	-	10	-	27	11	39
Total revenues	3,197	3,438	3,119	3,211	3,500	3,403	3,705	3,965	4,277	4,262	5,627	5,886	6,226	6,064
Transaction-based expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	2,169
Operating Segments	-	-	-	-	-	-	827	881	958	912	1,108	1,241	1,684	1,099
Reconciling Items	-	-	-	-	-	-	-	-	56	10	-	27	11	39
Revenues less transaction-based expenses	1,522	1,690	1,663	1,895	2,067	2,090	2,277	2,428	2,526	2,535	2,903	3,420	3,582	3,895
Compensation and benefits	416	458	454	539	588	590	664	675	712	707	786	938	1,003	1,082
Professional Fees	78	90	96	151	157	148	153	156	144	127	137	144	140	128
Communications and Information Technology	58	65	60	82	92	107	111	125	127	133	151	186	207	233
Occupancy	88	91	93	98	110	85	86	95	95	97	107	109	104	129
General, administrative and other	89	84	58	80	89	65	72	82	120	125	142	85	125	113
Marketing and advertising	20	24	26	30	32	28	30	31	37	39	39	57	51	47
Operating Segments	-	-	-	-	-	-	87	95	95	74	78	111	59	39
Depreciation and amortization	103	109	104	122	137	138	170	188	210	190	202	278	258	323
Regulatory	35	35	34	30	27	27	35	33	32	31	24	64	33	-
Regulatory	-	-	-	-	-	-	-	-	-	-	-	-	-	34
Merger and strategic initiatives	-	-	-	22	81	10	76	44	21	30	33	87	82	148
Restructuring charges	-	-	44	9	-	172	41	-	-	39	48	31	15	80
Total operating expenses	891	994	973	1,207	1,313	1,370	1,438	1,429	1,498	1,518	1,669	1,979	2,018	2,317
Operating Segments	-	-	-	-	-	-	450	481	544	516	687	800	916	971
Operating income	631	696	690	688	754	720	839	999	1,028	1,017	1,234	1,441	1,564	1,578
Interest income	9	11	10	9	6	4	5	7	10	10	4	1	7	115
Interest expense	102	119	97	111	117	111	135	143	150	124	101	125	129	284
Net gain on divestiture of business	-	-	-	-	-	-	-	-	33	27	-	84	-	-
Other income (loss)	-	-	-	-	-	-	-	-	-	-	-	-	2	-1
Income (Loss) from Equity Method Investments	2	2	-1	-2	-	17	2	15	18	84	70	52	31	-7
Income before income taxes	-	573	548	600	594	630	136	880	1,064	1,019	1,212	1,534	1,475	1,401
Income tax provision	-	190	199	216	181	203	28	146	606	245	279	347	352	344
Net income	389	383	349	384	413	427	108	734	-	-	-	-	1,123	1,057
Net loss attributable to noncontrolling interests	-6	-4	-3	-1	-1	-1	-	-	-	-	-	-	-2	-2
Net income attributable to Nasdaq	395	387	352	385	414	428	108	734	458	774	933	1,187	1,125	1,059
Earnings Per Share, Basic	1.94	2.2	2.09	2.3	2.45	2.56	0.65	4.41	2.77	4.69	5.67	7.15	2.28	2.1
Earnings Per Share, Diluted	1.91	2.15	2.04	2.25	2.39	2.5	0.64	4.33	2.73	4.63	5.59	7.05	2.26	2.08
Common Stock, Dividends, Per Share, Declared	-	-	0.39	0.52	0.58	0.9	1.21	1.46	1.7	1.85	1.94	2.11	0.78	0.86