Company / Gross Margin
Nasdaq, Inc. Gross Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Gross Margin
63.5%
FY2025
5-year range
51.6% / 64.2%
FY2021-FY2025
Trend
+1.1%
vs FY2024
Sector context
#5 of 21
Financials
What the data says
Nasdaq, Inc.'s gross margin of 63.5% is higher than 76% of companies in the Financials sector (FY2025). Gross Margin has fluctuated over the past 10 years, ranging from 51.6% in FY2022 to 64.2% in FY2023.
Based on SEC 10-K filings.
63.5% in FY2025 with a 5-year CAGR of +11.9%. Top quartile in the Financials sector.
Remained stable around 63.5% over the past 2 years.
Financials sector context is included.
Gross Margin over time
Growth rates
- 3-Year Change
- +11.9pp
- 5-Year Change
- +11.9pp
- 10-Year Change
- -
Sector benchmark
Top 24% in FinancialsTop 24% of 21This company 63.5% Sector average 46.2%
▼
+37.7% above sector average
Key checks
Key Insights
- In FY2025, gross margin increased 1.1% year-over-year.
- Currently 17.4pp above the Financials sector average.
- Peak gross margin was recorded in FY2023.
- Lowest gross margin in the period was in FY2022.
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 | Gross MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 63.5% | +1.1% |
| FY2024 | 62.8% | -2.2% |
| FY2023 | 64.2% | +24.5% |
| FY2022 | 51.6% | -11.2% |
| FY2021 | 58.1% | +12.6% |
| FY2020 | 51.6% | -15.5% |
| FY2019 | 61.1% | +3.4% |
| FY2018 | 59.1% | -3.3% |
| FY2017 | 61.1% | -0.6% |
| FY2016 | 61.5% | +4.1% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026