Nasdaq Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.95B | $3.70B | $3.35B | $3.50B | $3.21B | $3.12B | $3.44B | $3.19B |
| Market Services | — | — | $2.01B | — | — | — | — | — |
| Listing Services | — | — | $373.0M | — | — | — | — | — |
| Information Services | — | — | $439.0M | — | — | — | — | — |
| Technology Services | — | — | $531.0M | — | — | — | — | — |
| Investment Intelligence | — | — | $0 | — | — | — | — | — |
| Cost of Revenue | $1.54B | $1.43B | $1.31B | $1.43B | $1.32B | $1.45B | $1.75B | $1.68B |
| Gross Profit | $2.41B | $2.28B | $2.09B | $2.07B | $1.90B | $1.67B | $1.69B | $1.52B |
| Gross Margin | 61.1% | 61.4% | 62.4% | 59.1% | 59.0% | 53.7% | 49.2% | 47.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $82.0M | $73.0M | $65.0M | $89.0M | $80.0M | $58.0M | $83.0M | $93.0M |
| Operating Income | $991.0M | $836.0M | $720.0M | $754.0M | $688.0M | $690.0M | $696.0M | $631.0M |
| Operating Margin | 25.1% | 22.6% | 21.5% | 21.5% | 21.4% | 22.1% | 20.2% | 19.8% |
| Interest Expense | $143.0M | $135.0M | $111.0M | $117.0M | $111.0M | $97.0M | $119.0M | $102.0M |
| Pretax Income | $872.0M | $133.0M | $630.0M | $594.0M | $600.0M | $548.0M | $573.0M | $526.0M |
| Income Tax Expense | $143.0M | $27.0M | $203.0M | $181.0M | $216.0M | $199.0M | $190.0M | $137.0M |
| Net Income | $729.0M | $106.0M | $428.0M | $414.0M | $385.0M | $352.0M | $387.0M | $395.0M |
| Net Margin | 18.5% | 2.9% | 12.8% | 11.8% | 12.0% | 11.3% | 11.3% | 12.4% |
| EPS (Basic) | $1.46 | $0.21 | $0.85 | $0.82 | $0.77 | $0.70 | $0.73 | $0.65 |
| EPS (Diluted) | $1.43 | $0.21 | $0.83 | $0.80 | $0.75 | $0.68 | $0.72 | $0.64 |
| Shares Outstanding (Basic) | 499.1M | 495.5M | 501.9M | 506.8M | 500.8M | 504.8M | 529.0M | 608.9M |
| Shares Outstanding (Diluted) | 508.8M | 506.4M | 513.8M | 519.1M | 513.8M | 517.8M | 540.0M | 619.5M |
| Dividends Per Share | $0.49 | $0.40 | $0.30 | $0.19 | $0.17 | $0.13 | — | — |