Nasdaq annual free cash flow
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2025
Nasdaq Free Cash Flow (FCF) History (NDAQ)
Nasdaq reported $1.99B in free cash flow for fiscal 2025, an increase of 14.84% from the previous fiscal year, with a free cash flow margin of 24.07%.
View full Nasdaq company overviewNasdaq free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.99B | $257.0M | +14.84% | +24.07% |
| 2024 | 2024-12-31 | $1.73B | $194.0M | +12.61% | +23.41% |
| 2023 | 2023-12-31 | $1.54B | −$16.0M | −1.03% | +25.36% |
| 2022 | 2022-12-31 | $1.55B | $634.0M | +68.91% | +24.96% |
| 2021 | 2021-12-31 | $920.0M | −$144.0M | −13.53% | +15.63% |
| 2020 | 2020-12-31 | $1.06B | $228.0M | +27.27% | +18.92% |
| 2019 | 2019-12-31 | $836.0M | −$81.0M | −8.83% | +19.63% |
| 2018 | 2018-12-31 | $917.0M | $152.0M | +19.87% | +21.44% |
| 2017 | 2017-12-31 | $765.0M | $123.0M | +19.16% | +19.38% |
| 2016 | 2016-12-31 | $642.0M | $48.0M | +8.08% | +17.33% |
| 2015 | 2015-12-31 | $594.0M | $102.0M | +20.73% | +17.46% |
| 2014 | 2014-12-31 | $492.0M | $33.0M | +7.19% | +14.06% |
| 2013 | 2013-12-31 | $459.0M | −$48.0M | −9.47% | +14.29% |
| 2012 | 2012-12-31 | $507.0M | −$74.0M | −12.74% | +16.25% |
| 2011 | 2011-12-31 | $581.0M | $183.0M | +45.98% | +16.90% |
| 2010 | 2010-12-31 | $398.0M | −$125.0M | −23.90% | +12.47% |
| 2009 | 2009-12-31 | $523.0M | $362.0M | +224.84% | +15.33% |
| 2008 | 2008-12-31 | $161.0M | — | — | +4.41% |
Nasdaq quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $634.0M | −$53.0M | −7.71% | +25.04% |
| Q1 2026 | 2026-03-31 | $629.0M | $15.0M | +2.44% | +29.43% |
| Q4 2025 | 2025-12-31 | $536.0M | −$109.0M | −16.90% | +25.44% |
| Q3 2025 | 2025-09-30 | $152.0M | −$36.0M | −19.15% | +7.76% |
| Q2 2025 | 2025-06-30 | $687.0M | $279.0M | +68.38% | +32.70% |
| Q1 2025 | 2025-03-31 | $614.0M | $123.0M | +25.05% | +29.29% |
| Q4 2024 | 2024-12-31 | $645.0M | $270.0M | +72.00% | +31.74% |
| Q3 2024 | 2024-09-30 | $188.0M | −$75.0M | −28.52% | +9.88% |
| Q2 2024 | 2024-06-30 | $408.0M | $33.0M | +8.80% | +22.77% |
| Q1 2024 | 2024-03-31 | $491.0M | −$34.0M | −6.48% | +29.33% |
| Q4 2023 | 2023-12-31 | $375.0M | −$85.0M | −18.48% | +22.77% |
| Q3 2023 | 2023-09-30 | $263.0M | $72.0M | +37.70% | +18.13% |
| Q2 2023 | 2023-06-30 | $375.0M | $42.0M | +12.61% | +26.17% |
| Q1 2023 | 2023-03-31 | $525.0M | −$45.0M | −7.89% | +34.25% |
| Q4 2022 | 2022-12-31 | $460.0M | $126.0M | +37.72% | +29.08% |
| Q3 2022 | 2022-09-30 | $191.0M | −$9.0M | −4.50% | +12.27% |
| Q2 2022 | 2022-06-30 | $333.0M | $299.0M | +879.41% | +21.46% |
| Q1 2022 | 2022-03-31 | $570.0M | $218.0M | +61.93% | +37.13% |
| Q4 2021 | 2021-12-31 | $334.0M | −$41.0M | −10.93% | +22.78% |
| Q3 2021 | 2021-09-30 | $200.0M | $264.0M | — | +14.74% |
| Q2 2021 | 2021-06-30 | $34.0M | −$365.0M | −91.48% | +2.41% |
| Q1 2021 | 2021-03-31 | $352.0M | −$2.0M | −0.56% | +21.32% |
| Q4 2020 | 2020-12-31 | $375.0M | $75.0M | +25.00% | +25.67% |
| Q3 2020 | 2020-09-30 | −$64.0M | −$140.0M | — | −4.53% |
| Q2 2020 | 2020-06-30 | $399.0M | $256.0M | +179.02% | +28.54% |
| Q1 2020 | 2020-03-31 | $354.0M | $37.0M | +11.67% | +26.16% |
| Q4 2019 | 2019-12-31 | $300.0M | −$21.0M | −6.54% | +28.25% |
| Q3 2019 | 2019-09-30 | $76.0M | $89.0M | — | +6.93% |
| Q2 2019 | 2019-06-30 | $143.0M | −$107.0M | −42.80% | +13.48% |
| Q1 2019 | 2019-03-31 | $317.0M | −$42.0M | −11.70% | +30.51% |
| Q4 2018 | 2018-12-31 | $321.0M | $63.0M | +24.42% | +28.28% |
| Q3 2018 | 2018-09-30 | −$13.0M | −$70.0M | — | −1.35% |
| Q2 2018 | 2018-06-30 | $250.0M | $8.0M | +3.31% | +24.34% |
| Q1 2018 | 2018-03-31 | $359.0M | $151.0M | +72.60% | +31.19% |
| Q4 2017 | 2017-12-31 | $258.0M | $23.0M | +9.79% | +25.29% |
| Q3 2017 | 2017-09-30 | $57.0M | $28.0M | +96.55% | +5.91% |
| Q2 2017 | 2017-06-30 | $242.0M | $96.0M | +65.75% | +24.35% |
| Q1 2017 | 2017-03-31 | $208.0M | −$24.0M | −10.34% | +21.47% |
| Q4 2016 | 2016-12-31 | $235.0M | $22.0M | +10.33% | +24.15% |
| Q3 2016 | 2016-09-30 | $29.0M | −$5.0M | −14.71% | +3.12% |
| Q2 2016 | 2016-06-30 | $146.0M | $6.0M | +4.29% | +16.28% |
| Q1 2016 | 2016-03-31 | $232.0M | $25.0M | +12.08% | +25.64% |
| Q4 2015 | 2015-12-31 | $213.0M | $35.0M | +19.66% | +24.57% |
| Q3 2015 | 2015-09-30 | $34.0M | $37.0M | — | +3.90% |
| Q2 2015 | 2015-06-30 | $140.0M | −$25.0M | −15.15% | +17.35% |
| Q1 2015 | 2015-03-31 | $207.0M | $55.0M | +36.18% | +24.13% |
| Q4 2014 | 2014-12-31 | $178.0M | −$24.0M | −11.88% | +19.37% |
| Q3 2014 | 2014-09-30 | −$3.0M | −$50.0M | — | −0.37% |
| Q2 2014 | 2014-06-30 | $165.0M | $84.0M | +103.70% | +19.08% |
| Q1 2014 | 2014-03-31 | $152.0M | $23.0M | +17.83% | +16.93% |
| Q4 2013 | 2013-12-31 | $202.0M | −$12.0M | −5.61% | +23.82% |
| Q3 2013 | 2013-09-30 | $47.0M | $31.0M | +193.75% | +5.84% |
| Q2 2013 | 2013-06-30 | $81.0M | −$104.0M | −56.22% | +9.95% |
| Q1 2013 | 2013-03-31 | $129.0M | $37.0M | +40.22% | +17.34% |
| Q4 2012 | 2012-12-31 | $214.0M | $18.0M | +9.18% | +28.34% |
| Q3 2012 | 2012-09-30 | $16.0M | $37.0M | — | +2.14% |
| Q2 2012 | 2012-06-30 | $185.0M | −$60.0M | −24.49% | +22.70% |
| Q1 2012 | 2012-03-31 | $92.0M | −$69.0M | −42.86% | +11.44% |
| Q4 2011 | 2011-12-31 | $196.0M | $23.0M | +13.29% | +23.28% |
| Q3 2011 | 2011-09-30 | −$21.0M | −$43.0M | — | −2.22% |
| Q2 2011 | 2011-06-30 | $245.0M | $15.0M | +6.52% | +29.27% |
| Q1 2011 | 2011-03-31 | $161.0M | $188.0M | — | +19.75% |
| Q4 2010 | 2010-12-31 | $173.0M | $184.0M | — | +22.27% |
| Q3 2010 | 2010-09-30 | $22.0M | — | — | +2.91% |
| Q2 2010 | 2010-06-30 | $230.0M | — | — | +25.96% |
| Q1 2010 | 2010-03-31 | −$27.0M | — | — | −3.50% |
| Q3 2009 | 2009-09-30 | −$11.0M | — | — | −1.36% |
Nasdaq free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.06B to $1.99B, a compound annual growth rate of 13.33%. Nasdaq's latest reported quarter, Q2 2026, generated $634.0M in free cash flow, a decrease of 7.71% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Nasdaq filings at SEC.gov ↗