Nasdaq, Inc. (Nasdaq: Ndaq) today reported its financial results for the second quarter of 2025.

In the second quarter 2025, net revenue was $ 1.3 billion, an increase of 13% in the second quarter of 2024 or 12% on an organic basis. This included revenue from solutions that rise by 10%.

Annual repetitive revenue (ARR) of $ 2.9 billion increased by 10% in the second quarter of 2024 or 9% on an organic basis. The annual SAAS revenue increased by 13% or 12% on an organic basis and represented 37% of ARR.

Revenue from financial technology of $ 464 million increased by 10% in the second quarter of 2024.

Revenue from the $ 196 million index increased by $ 17% from the year, with net inputs of $ 88 billion during the twelve months and $ 20 billion in the second quarter of 2025.

Diluting gains per share of GAAP increased over 100% in the second quarter of 2025.

In the second quarter of 2025, the company returned $ 155 million to shareholders through dividend and $ 100 million through repurchase shares. The company also returned $ 400 million higher unpaid notes in the quarter.

Adena Friedman, President and CEO stated:

“Nasdaq has delivered an excellent second quarter performance in the midst of a dynamic market environment. Our ability to offer broad growth through circles is proof of our role as a partner to our customers, helping them capture strategic opportunities, manage their risk and to establish their business.

Looking forward, we remain well positioned to enhance the value for our customers and shareholders, leading innovation and deepening our customers’ relationships through Nasdaq’s approach. “

Sarah Youngwood, Executive Vice President and CFO said:

“Nasdaq’s financial results emphasize the durability of our business model and its ability to achieve extremely revenue and increase profits with strong free cash flow.

We are doing well in the priorities of the funds distribution, including debt repayment, and we exceeded the milestone of gross leverage 16 months ahead of the plan. We will optimize the long -term yields of investors as we make investment of organic growth and further balance the removal with opportunistic shares. “