Nasdaq annual free cash flow
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2024
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
Q3.09
Q1.10
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
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Q2.13
Q3.13
Q4.13
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Q2.14
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Q3.15
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Q1.16
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Q3.16
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Q1.17
Q2.17
Q3.17
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Q2.18
Q3.18
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Q4.20
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Q2.23
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Q3.24
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Q2.25
Q3.25
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Q1.26
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 | — | — | +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% |
| Q3 2019 | 2019-09-30 | $76.0M | $89.0M | — | +6.93% |
| Q2 2019 · Jun 30 | 2019-06-30 | $143.0M | −$107.0M | −42.80% | +13.48% |
| Q1 2019 · Mar 31 | 2019-03-31 | $317.0M | −$42.0M | −11.70% | +30.51% |
| Q3 2018 | 2018-09-30 | −$13.0M | −$70.0M | — | −1.35% |
| Q2 2018 · Jun 30 | 2018-06-30 | $250.0M | $8.0M | +3.31% | +24.34% |
| Q1 2018 · Mar 31 | 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 | — | — | +22.27% |
| Q3 2010 | 2010-09-30 | $22.0M | $33.0M | — | +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 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 source filings ↗Community posts
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