Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.70B | $3.95B | $4.28B | $4.26B | $5.63B | $5.89B | $6.23B | $6.06B | $7.40B | $8.26B |
| Revenue growth | — | 6.6% | 8.3% | -0.4% | 32.1% | 4.6% | 5.8% | -2.6% | 22.0% | 11.6% |
| Gross profit | $2.28B | $2.41B | $2.53B | $2.54B | $2.90B | $3.42B | $3.58B | $3.90B | $4.65B | $5.25B |
| Gross margin | 61.4% | 61.1% | 59.1% | 59.5% | 51.6% | 58.1% | 57.5% | 64.2% | 62.8% | 63.5% |
| Operating income | $836M | $991M | $1.03B | $1.02B | $1.23B | $1.44B | $1.56B | $1.58B | $1.80B | $2.33B |
| Operating margin | 22.6% | 25.1% | 24.0% | 23.9% | 21.9% | 24.5% | 25.1% | 26.0% | 24.3% | 28.2% |
| Net income | $106M | $729M | $458M | $774M | $933M | $1.19B | $1.13B | $1.06B | $1.12B | $1.79B |
| Net margin | 2.9% | 18.5% | 10.7% | 18.2% | 16.6% | 20.2% | 18.1% | 17.5% | 15.1% | 21.6% |
| EPS (diluted) | $0.63 | $4.30 | $2.73 | $4.63 | $1.86 | $2.35 | $2.26 | $2.08 | $1.93 | $3.09 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $776M | $909M | $1.03B | $963M | $1.25B | $1.08B | $1.71B | $1.70B | $1.94B | $2.25B |
| Capital expenditures | $134M | $144M | $111M | $127M | $188M | $163M | $152M | $158M | $207M | $266M |
| Free cash flow | $642M | $765M | $917M | $836M | $1.06B | $920M | $1.55B | $1.54B | $1.73B | $1.99B |
| Share buybacks | $100M | $203M | $394M | $200M | $222M | $468M | $308M | $269M | $145M | $616M |
| Dividends paid | $200M | $243M | $280M | $305M | $320M | $350M | $383M | $441M | $541M | $601M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $403M | $377M | $545M | $332M | $2.75B | $393M | $502M | $453M | $592M | $604M |
| Total assets | $13.4B | $15.4B | $15.7B | $13.9B | $18.0B | $20.1B | $20.9B | $32.3B | $30.4B | $31.1B |
| Total liabilities | $8.72B | $9.47B | $10.3B | $8.29B | $11.5B | $13.7B | $14.7B | $21.5B | $19.2B | $18.8B |
| Long-term debt | $3.60B | $3.73B | $2.96B | $3.00B | $5.54B | $4.81B | $4.74B | $10.2B | $9.08B | $8.57B |
| Shareholders' equity | $5.43B | $5.88B | $5.45B | $5.64B | $6.43B | $6.39B | $6.15B | $10.8B | $11.2B | $12.2B |
| Retained earnings | $3.48B | $3.96B | $4.56B | $5.03B | $5.63B | $6.46B | $7.21B | $7.83B | $8.40B | $9.59B |
| Shares (wtd avg diluted) | 169M | 170M | 168M | 167M | 501M | 505M | 498M | 508M | 579M | 579M |
Every figure is extracted from NASDAQ, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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