Company / Operating Margin
Nasdaq, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
28.2%
FY2025
5-year range
21.9% / 28.2%
FY2021-FY2025
Trend
+16.1%
vs FY2024
Sector context
#33 of 105
Financials
What the data says
At 28.2%, Nasdaq, Inc.'s operating margin ranks #33 of 105 in the Financials sector. Operating Margin has fluctuated over the past 10 years, ranging from 21.9% in FY2022 to 28.2% in FY2025.
Based on SEC 10-K filings.
28.2% in FY2025 with a 5-year CAGR of +6.3%.
Improved from 26.0% to 28.2% over the past 2 years.
Financials sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +6.3pp
- 5-Year Change
- +6.3pp
- 10-Year Change
- -
Sector benchmark
#33 of 105 in FinancialsTop 31% of 105This company 28.2% Sector average -49.0%
▼
+157.6% above sector average
Key checks
Key Insights
- In FY2025, operating margin increased 16.1% year-over-year.
- Currently 77.2pp above the Financials sector average.
- Lowest operating 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 | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 28.2% | +16.1% |
| FY2024 | 24.3% | -6.6% |
| FY2023 | 26.0% | +18.6% |
| FY2022 | 21.9% | -10.4% |
| FY2021 | 24.5% | +11.6% |
| FY2020 | 21.9% | -12.6% |
| FY2019 | 25.1% | +4.4% |
| FY2018 | 24.0% | -4.2% |
| FY2017 | 25.1% | +11.2% |
| FY2016 | 22.6% | +5.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026