Cost of revenue · 2011–2025
Nasdaq cost of revenue
$3.0B+9.5% · FY2025
Nasdaq (NDAQ) reported $3.0B in cost of revenue for fiscal 2025, +9.5% year on year.
| Fiscal year | Cost of revenue | Change | Filing |
|---|---|---|---|
| FY20252025-12-31 | $3.0B | +9.5% | Open → |
| FY20242024-12-31 | $2.8B | +26.8% | Open → |
| FY20232023-12-31 | $2.2B | −18.0% | Open → |
| FY20222022-12-31 | $2.6B | +7.2% | Open → |
| FY20212021-12-31 | $2.5B | −9.4% | Open → |
| FY20202020-12-31 | $2.7B | +58.0% | Open → |
| FY20192019-12-31 | $1.7B | −1.6% | Open → |
| FY20182018-12-31 | $1.8B | +13.9% | Open → |
| FY20172017-12-31 | $1.5B | +7.6% | Open → |
| FY20162016-12-31 | $1.4B | +8.8% | Open → |
| FY20152015-12-31 | $1.3B | −8.4% | Open → |
| FY20142014-12-31 | $1.4B | +8.9% | Open → |
| FY20132013-12-31 | $1.3B | −9.0% | Open → |
| FY20122012-12-31 | $1.4B | −17.3% | Open → |
| FY20112011-12-31 | $1.7B | — | Open → |
Cost of revenue — Cost of revenue is the direct cost of producing what the company sold — materials, manufacturing and the labour tied to delivery. It excludes sales, marketing and administration. Revenue minus this figure is gross profit.
Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2011–2025 compound annual growth +4.0%
Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Nasdaq cost of revenue |url=https://companiesranked.com/en/company/nasdaq/cost-of-revenue |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Nasdaq cost of revenue. CompaniesRanked. https://companiesranked.com/en/company/nasdaq/cost-of-revenueBibTeX
@misc{companiesranked-en-company-nasdaq-cost-of-revenue-2026,
author = {{CompaniesRanked}},
title = {{Nasdaq cost of revenue}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/company/nasdaq/cost-of-revenue}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The filing itself
The numbers above are read from this document: 10-K · 0001628280-26-007703 · February 12, 2026
{{cite web |title=Nasdaq cost of revenue — 10-K (0001628280-26-007703) |url=https://www.sec.gov/Archives/edgar/data/1120193/000162828026007703/ndaq-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-12}}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.