Nasdaq, Inc. (NDAQ) Return on equity 2016–2025
Nasdaq, Inc. (NDAQ) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
14.6%FY2025 · since FY2016: 2.0% → 14.6%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 14.6% | +4.6 pp |
| FY2024 | 10.0% | +0.2 pp |
| FY2023 | 9.8% | -8.5 pp |
| FY2022 | 18.3% | -0.3 pp |
| FY2021 | 18.6% | +4.1 pp |
| FY2020 | 14.5% | +0.8 pp |
| FY2019 | 13.7% | +5.3 pp |
| FY2018 | 8.4% | -4.0 pp |
| FY2017 | 12.4% | +10.4 pp |
| FY2016 | 2.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice