NASDAQ, INC. (NDAQ) — Cost of Revenue

Annual figures by fiscal year, from SEC filings.

2021: $2.47B2022: $2.64B2023: $2.17B2024: $2.75B2025: $3.01B$3.01B
2021Cost of Revenue (USD)2025
Fiscal YearCost of RevenueChange YoY
2025$3.01B+9.5%
2024$2.75B+26.8%
2023$2.17B-18.0%
2022$2.64B+7.2%
2021$2.47B