NDAQ Nasdaq (NDAQ) Q4 FY25 earnings call
Nasdaq delivered a strong Q4 and full-year FY25, marked by record revenues and robust organic growth across its diversified platform. The company exceeded its leverage target and continued to integrate AI into its product offerings, notably within Financial Crime Management Technology. Management expressed confidence in sustained growth, driven by strategic initiatives, client engagement, and a healthy pipeline, with a focus on innovation and capital efficiency in evolving market structures, including tokenized securities.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
NDAQ operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | This call Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Assets under management (AUM) ETP | — | $829BWe exited the quarter with ETP AUM of $829 billion, an all-time high.Source: earnings call transcript | $882BWe achieved a record $99 billion in net inflows over the last 12 months, including a record $35 billion in the fourth quarter and exited the year with ETP AUM of $882 billion, an all-time high.Source: earnings call transcript | $836BOur index franchise delivered $79 billion in net inflows over the last 12 months, including $6 billion in the quarter, exiting the quarter with ETP AUM of $836 billion.Source: earnings call transcript | — | -5.2% |
| Net new assets ETP | $27BETP AUM included $86 billion of net inflows in the last 12 months, including $27 billion in the first quarter, which reflects tremendous recognition and resiliency in the context of the Nasdaq 100 market performance down 8% during the first quarter.Source: earnings call transcript | $17BWe had a record $91 billion in net inflows over the last 12 months and $17 billion in net inflows in the quarter.Source: earnings call transcript | $35BWe achieved a record $99 billion in net inflows over the last 12 months, including a record $35 billion in the fourth quarter and exited the year with ETP AUM of $882 billion, an all-time high.Source: earnings call transcript | $6BOur index franchise delivered $79 billion in net inflows over the last 12 months, including $6 billion in the quarter, exiting the quarter with ETP AUM of $836 billion.Source: earnings call transcript | $51BOur Index franchise set new inflow records with $51 billion in net inflows for the quarter and $109 billion in net inflows over the last 12 months.Source: earnings call transcript | +750% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.