Company / Free Cash Flow
Nasdaq, Inc. Free Cash Flow History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Free Cash Flow
$2.0B
FY2025
5-year range
$920.0M / $2.0B
FY2021-FY2025
Trend
+14.8%
vs FY2024
Sector context
#39 of 302
Financials
What the data says
Nasdaq, Inc.'s free cash flow of $2.0B is higher than 87% of companies in the Financials sector (FY2025). Free Cash Flow has increased for 4 consecutive years, from $920M in FY2021 to $2.0B in FY2025.
Based on SEC 10-K filings.
$2.0B in FY2025 with a 5-year CAGR of +13.3%. Top quartile in the Financials sector.
Improved from $1.5B to $2.0B over the past 2 years.
Financials sector context is included.
Free Cash Flow over time
Growth rates
- 3-Year CAGR
- +23.2%
- 5-Year CAGR
- +13.3%
- 10-Year CAGR
- -
Sector benchmark
Top 13% in FinancialsTop 13% of 302This company $2.0B Sector average $646.4M
▼
+207.7% above sector average
Key checks
Key Insights
- Nasdaq, Inc.'s free cash flow has grown for 4 consecutive years.
- 5-year CAGR of +13.3%, indicating consistent growth.
- In FY2025, free cash flow increased 14.8% year-over-year.
- Ranks #39 out of 302 companies in the Financials sector.
Company context
Key Data Points
- High Piotroski F-Score: 8/9 (strong financial health signals)
- Altman Z-Score 1.03 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Free Cash FlowValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $2.0B | +14.8% |
| FY2024 | $1.7B | +12.6% |
| FY2023 | $1.5B | +44.5% |
| FY2022 | $1.1B | +15.7% |
| FY2021 | $920.0M | -13.5% |
| FY2020 | $1.1B | +39.1% |
| FY2019 | $765.0M | -16.6% |
| FY2018 | $917.0M | +19.9% |
| FY2017 | $765.0M | +19.2% |
| FY2016 | $642.0M | +39.9% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026