Nasdaq Quarterly Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
Nasdaq free cash flow
In the quarter ended Jun 30, 2026, Nasdaq generated $711.0 million of operating cash flow and spent $77.0 million on capital expenditures. That left free cash flow of $634.0 million, a free-cash-flow margin of 25.0% of revenue. Free cash flow was down 7.7% from the prior year's $687.0 million.
Nasdaq returned $529.0 million to shareholders: $174.0 million in dividends and $355.0 million in share repurchases, equal to 83% of free cash flow. Free cash flow covered dividend payments 3.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
Nasdaq cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 507.00M | 519.00M | 518.00M | 423.00M | 452.00M | 395.00M | 355.00M | 305.00M | 222.00M | 233.00M | 196.00M | 294.00M |
| Net Income growth (YoY) | +12.17% | +31.39% | +45.92% | +38.69% | +103.60% | +69.53% | +81.12% | +3.74% | -16.85% | -22.59% | -18.33% | 0.00% |
| Depreciation & Amortization | 165.00M | 165.00M | 161.00M | 158.00M | 158.00M | 156.00M | 153.00M | 153.00M | 153.00M | 155.00M | 125.00M | 64.00M |
| Stock-Based Compensation | 49.00M | 38.00M | 43.00M | 41.00M | 46.00M | 35.00M | 36.00M | 36.00M | 39.00M | 30.00M | 32.00M | 30.00M |
| Change in Working Capital | -343.00M | 202.00M | -134.00M | -30.00M | -75.00M | 298.00M | -96.00M | -243.00M | -98.00M | 214.00M | -72.00M | -7.00M |
| Operating Cash Flow | 711.00M | 689.00M | 625.00M | 221.00M | 746.00M | 663.00M | 705.00M | 244.00M | 460.00M | 530.00M | 417.00M | 300.00M |
| Capital Expenditures | -77.00M | -60.00M | -89.00M | -69.00M | -59.00M | -49.00M | -60.00M | -56.00M | -52.00M | -39.00M | -42.00M | -37.00M |
| Investing Cash Flow | -446.00M | 747.00M | -638.00M | -145.00M | -59.00M | -258.00M | -1.01B | 73.00M | 214.00M | -232.00M | -5.84B | 134.00M |
| Dividends Paid | -174.00M | -153.00M | -153.00M | -155.00M | -155.00M | -138.00M | -138.00M | -138.00M | -138.00M | -127.00M | -127.00M | -108.00M |
| Share Repurchases | -355.00M | -548.00M | -286.00M | -115.00M | -100.00M | -115.00M | 0 | -87.00M | -58.00M | 0 | -110.00M | 0 |
| Debt Issued | — | — | — | — | — | — | 0 | 0 | — | — | 597.00M | -5.00M |
| Debt Repaid | -431.00M | 0 | -100.00M | -69.00M | -400.00M | -257.00M | -181.00M | 0 | 0 | -340.00M | -260.00M | 0 |
| Financing Cash Flow | -583.00M | -4.18B | -567.00M | 159.00M | -1.46B | -1.08B | -24.00M | -204.00M | -458.00M | -1.88B | 1.20B | -1.40B |
| Net Change in Cash | -336.00M | -2.80B | -507.00M | 240.00M | -530.00M | -275.00M | -789.00M | 318.00M | 247.00M | -1.89B | -3.72B | -1.03B |
| Free Cash Flow | 634.00M | 629.00M | 536.00M | 152.00M | 687.00M | 614.00M | 645.00M | 188.00M | 408.00M | 491.00M | 375.00M | 263.00M |
This table shows 12 quarterly periods of Nasdaq's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NDAQ's reporting calendar. What is a cash flow statement?