Nasdaq debt and dilution37

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$8,761M

Cash & equivalents

USD millions

$520M

Net debt

USD millions

$8,241M

Debt / equity

0.73×

Debt / assets

32.04%

Net debt / EBITDA

× · TTM

2.55×

Debt / FCF

× · TTM

4.49×

Interest coverage

× · TTM

7.43×

Current ratio

1.01×

Diluted shares

Million shares

567.75M shares

Basic shares

Million shares

564.16M shares

Share count growth

-1.73%

Share repurchases

USD millions

$355M

Quarterly data

Nasdaq capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	8,761	520	8,241	0.73×	32.04%	2.55×	4.49×	7.43×	1.01×	567.75	564.16	-1.73%	355
FY 2026 Q1	Mar 31, 2026	8,957	515	8,442	0.74×	32.81%	2.74×	4.47×	6.83×	1×	571.75	566.82	-1.43%	548
FY 2025 Q4	Dec 31, 2025	9,004	604	8,400	0.74×	29%	3.39×	4.53×	6.35×	1.01×	576.49	570.67	-0.71%	286
FY 2025 Q3	Sep 30, 2025	9,098	470	8,628	0.76×	29.68%	3.03×	4.34×	5.85×	0.99×	578.98	573.29	-0.32%	115
FY 2025 Q2	Jun 30, 2025	9,178	732	8,446	0.78×	30.21%	3.13×	4.3×	5.28×	0.96×	578.98	574.07	-0.4%	100
FY 2025 Q1	Mar 31, 2025	9,326	690	8,636	0.81×	30.43%	3.39×	5.03×	4.83×	0.98×	579.98	575.05	-0.07%	115
FY 2024 Q4	Dec 31, 2024	9,480	592	8,888	0.85×	31.19%	4.62×	5.47×	4.34×	0.99×	579.86	574.78	5.05%	0
FY 2024 Q3	Sep 30, 2024	9,858	266	9,592	0.89×	32.26%	4.32×	6.74×	3.87×	0.95×	579.02	575.12	17.06%	87
FY 2024 Q2	Jun 30, 2024	9,797	416	9,381	0.9×	32.43%	4.44×	6.37×	3.84×	0.94×	578.95	576.38	17.44%	58
FY 2024 Q1	Mar 31, 2024	9,989	388	9,601	0.92×	33%	4.84×	6.64×	4.44×	0.99×	578.93	575.45	17.46%	0
FY 2023 Q4	Dec 31, 2023	10,454	453	10,001	0.97×	32.37%	5.9×	6.8×	5.56×	1.01×	550.58	547.13	11.37%	110
FY 2023 Q3	Sep 30, 2023	9,703	5,340	4,363	1.5×	39.85%	2.38×	5.98×	7.64×	1.75×	494.11	491.32	0.02%	0
FY 2023 Q2	Jun 30, 2023	9,932	5,347	4,585	1.59×	38.71%	2.55×	6.4×	11.25×	1.6×	493.63	490.78	-0.3%	0
FY 2023 Q1	Mar 31, 2023	5,109	373	4,736	0.83×	24.59%	2.59×	3.39×	11.81×	0.98×	494.77	489.93	-1.05%	159
FY 2022 Q4	Dec 31, 2022	5,399	502	4,897	0.88×	25.87%	2.93×	3.47×	12.12×	0.97×	496.98	491.29	-1.98%	—
FY 2022 Q3	Sep 30, 2022	5,372	301	5,071	0.91×	23.42%	2.76×	3.76×	12.37×	0.96×	496.34	491.23	-2.36%	—
FY 2022 Q2	Jun 30, 2022	5,716	454	5,262	0.98×	25.3%	2.93×	3.98×	11.94×	0.94×	496.58	492.24	-0%	—
FY 2022 Q1	Mar 31, 2022	5,898	486	5,412	0.98×	28.32%	3.07×	5.18×	11.57×	0.92×	501.74	495.14	0.21%	—
FY 2021 Q4	Dec 31, 2021	5,830	393	5,437	0.91×	28.98%	3.51×	6.34×	11.53×	0.94×	509.08	501.19	1.54%	—
FY 2021 Q3	Sep 30, 2021	5,927	303	5,624	0.93×	32.22%	3.38×	6.17×	11.89×	0.98×	510.54	503.08	2.14%	—
FY 2021 Q2	Jun 30, 2021	5,701	390	5,311	0.85×	31.7%	3.28×	8.18×	12.59×	1.02×	499.31	492.26	-0.01%	248
FY 2021 Q1	Mar 31, 2021	5,890	774	5,116	0.93×	31.86%	3.32×	5.55×	12.85×	1.02×	501.28	494.13	-0.09%	162
FY 2020 Q4	Dec 31, 2020	5,541	2,745	2,796	0.86×	30.82%	2.1×	5.21×	12.22×	1.56×	501.82	493.59	0.04%	36
FY 2020 Q3	Sep 30, 2020	3,571	584	2,987	0.59×	24.08%	2.18×	3.61×	11.42×	1.16×	502.48	492.51	-0.1%	34
FY 2020 Q2	Jun 30, 2020	3,482	711	2,771	0.6×	23.92%	2.19×	3.08×	9.96×	1.11×	498.22	492.3	-0.9%	30
FY 2020 Q1	Mar 31, 2020	4,108	1,015	3,093	0.76×	27.76%	2.56×	4.71×	9×	0.97×	500.33	494.59	-0.29%	122
FY 2019 Q4	Dec 31, 2019	3,387	332	3,055	0.6×	24.32%	2.76×	4.05×	8.2×	1.01×	500.39	493.41	-0.04%	0
FY 2019 Q3	Sep 30, 2019	3,478	304	3,174	0.65×	26.8%	2.66×	4.06×	7.39×	0.95×	501.09	493	0.06%	150
FY 2019 Q2	Jun 30, 2019	3,489	333	3,156	0.63×	24.69%	2.59×	4.54×	7.07×	0.96×	501.12	496.79	-0.09%	50
FY 2019 Q1	Mar 31, 2019	3,567	472	3,095	0.65×	24.59%	2.5×	4.08×	6.87×	0.84×	501.08	496.03	-0.95%	0
FY 2018 Q4	Dec 31, 2018	3,831	545	3,286	0.7×	24.4%	2.91×	4.18×	6.85×	0.97×	501.35	493.62	-1.39%	0
FY 2018 Q3	Sep 30, 2018	3,880	324	3,556	0.69×	26.12%	2.87×	4.54×	6.92×	0.94×	501.87	492.68	-1.48%	54
FY 2018 Q2	Jun 30, 2018	3,847	322	3,525	0.69×	25.41%	2.82×	4.16×	7.23×	0.93×	502.2	497.24	0.2%	241
FY 2018 Q1	Mar 31, 2018	4,115	405	3,710	0.72×	26.06%	3.04×	4.49×	7.11×	0.93×	506.98	500.76	0.27%	99
FY 2017 Q4	Dec 31, 2017	4,207	377	3,830	0.71×	26.65%	3.5×	5.5×	6.99×	1.05×	508.92	500.6	0.64%	28
FY 2017 Q3	Sep 30, 2017	3,743	530	3,213	0.65×	24.83%	2.79×	5.15×	6.73×	1.15×	510.01	500.08	0.66%	19
FY 2017 Q2	Jun 30, 2017	3,552	356	3,196	0.64×	24.23%	2.85×	5.1×	6.38×	0.99×	505.46	496.25	0.24%	0
FY 2017 Q1	Mar 31, 2017	3,621	386	3,235	0.68×	24.99%	3.1×	6.38×	6.07×	1.01×	510.74	499.42	1.33%	156
FY 2016 Q4	Dec 31, 2016	3,603	403	3,200	0.66×	25.46%	3.45×	6.13×	6.21×	1.12×	507.66	497.43	0.76%	0
FY 2016 Q3	Sep 30, 2016	3,709	257	3,452	0.64×	25.05%	3.34×	6.88×	6.97×	1.07×	508.49	496.82	-0.78%	55
FY 2016 Q2	Jun 30, 2016	—	344	—	—	—	—	—	7.49×	1.07×	504.62	495.06	-2.19%	16
FY 2016 Q1	Mar 31, 2016	—	331	—	—	—	—	—	8.22×	1.07×	505.11	492.85	-2.78%	29
FY 2015 Q4	Dec 31, 2015	2,364	301	2,063	0.42×	19.93%	2.59×	4.28×	6.49×	1.12×	507	493.69	-2.14%	67
FY 2015 Q3	Sep 30, 2015	2,435	290	2,145	0.44×	20.69%	2.74×	3.97×	5.79×	1.11×	514.36	500.71	-1%	255
FY 2015 Q2	Jun 30, 2015	—	324	—	—	—	—	—	5.52×	1.1×	516.42	506.15	-0.37%	25
FY 2015 Q1	Mar 31, 2015	—	328	—	—	—	—	—	5.16×	1.07×	518.03	506.96	-0.36%	30
FY 2014 Q4	Dec 31, 2014	2,313	427	1,886	0.4×	19.14%	2.29×	4.23×	6.44×	1.14×	518.2	504.48	-0.07%	57
FY 2014 Q3	Sep 30, 2014	2,345	286	2,059	0.38×	18.48%	2.15×	4.54×	6.89×	1.11×	519.47	505.76	0.75%	28
FY 2014 Q2	Jun 30, 2014	2,408	314	2,094	0.39×	18.36%	2.2×	4.25×	6.68×	1.09×	517.42	508.01	1.78%	—
FY 2014 Q1	Mar 31, 2014	2,514	384	2,130	0.4×	19.37%	2.33×	5.22×	6.64×	0.98×	521	508.79	2.35%	—
FY 2013 Q4	Dec 31, 2013	2,634	425	2,209	0.43×	20.94%	2.96×	5.74×	6.2×	1.13×	519.17	504.85	2.3%	0
FY 2013 Q3	Sep 30, 2013	2,718	300	2,418	0.45×	21.77%	3.27×	5.77×	5.9×	1.13×	516.31	502.01	0.66%	0
FY 2013 Q2	Jun 30, 2013	2,785	379	2,406	0.48×	23.3%	3.43×	6.33×	6.05×	1.08×	510.43	499.12	-1.76%	0
FY 2013 Q1	Mar 31, 2013	1,966	591	1,375	0.38×	21.4%	1.93×	3.61×	6.34×	1.44×	508.99	497.11	-4.19%	10
FY 2012 Q4	Dec 31, 2012	1,976	497	1,479	0.38×	21.64%	1.99×	3.9×	7.11×	1.61×	509.54	493.49	-6.26%	50
FY 2012 Q3	Sep 30, 2012	1,986	438	1,548	0.39×	22.26%	1.98×	4.06×	6.9×	1.65×	511.56	498.71	-6.13%	50
FY 2012 Q2	Jun 30, 2012	1,996	491	1,505	0.4×	22.36%	1.86×	4.42×	6.74×	1.43×	520.37	508.06	-4.13%	125
FY 2012 Q1	Mar 31, 2012	2,007	525	1,482	0.39×	22.25%	1.87×	3.92×	6.16×	1.64×	532.53	518.87	-1.78%	50
FY 2011 Q4	Dec 31, 2011	2,117	506	1,611	0.42×	15.02%	2.15×	3.64×	5.85×	1.09×	537.31	526.46	-10.15%	—
FY 2011 Q3	Sep 30, 2011	2,213	543	1,670	0.44×	16.82%	2.04×	3.97×	6.06×	1.14×	542.77	531.29	-11.5%	—
FY 2011 Q2	Jun 30, 2011	2,209	578	1,631	0.43×	15.54%	2.08×	3.68×	6.06×	1.09×	541.55	529.94	-14.05%	—
FY 2011 Q1	Mar 31, 2011	2,290	439	1,851	0.45×	12.68%	2.3×	3.91×	6.54×	1.04×	543.24	528.28	—	—
FY 2010 Q4	Dec 31, 2010	2,321	315	2,006	0.49×	14.32%	2.96×	5.83×	6.19×	1.03×	595.6	585.93	—	497
FY 2010 Q3	Sep 30, 2010	1,986	336	1,650	0.39×	19.18%	—	—	—	1.22×	612.22	600.35	—	100
FY 2010 Q2	Jun 30, 2010	2,052	526	1,526	0.44×	20.71%	—	—	—	1.24×	628.24	616.55	—	154

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · NDAQ, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.

SEC company facts · CIK 1120193