Nasdaq Q2 2025 net revenue up 13% to $1.3 billion; GAAP diluted EPS $0.78
Nasdaq reported second-quarter 2025 net revenue of $1.3 billion, up 13% from a year earlier, and GAAP diluted earnings per share of $0.78, versus $0.38 in the prior-year quarter. The company also updated its 2025 non-GAAP operating expense guidance, citing foreign exchange rates, and announced a quarterly cash dividend in a separate press release. For shareholders, revenue and earnings both rose, and the company returned $255 million through dividends and buybacks while repaying $400 million of senior notes.
Key points
- Net revenue of $1,306 million, up 13% year over year and 12% on an organic basis
- GAAP diluted EPS of $0.78 versus $0.38 a year earlier; non-GAAP diluted EPS of $0.85, up 24%
- Returned $155 million to shareholders through dividends and $100 million through share repurchases in the quarter
- 2025 non-GAAP operating expense guidance updated to $2,295 million to $2,335 million, driven by foreign exchange rates; non-GAAP tax rate guidance maintained at 22.5% to 24.5%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.