NASDAQ $NDAQ Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $1.48B (Est. $1.47B) 🟢; +13% YoY
🔹 Adj. EPS: $1.04 (Est. $1.02) 🟢; +18% YoY
🔹 Adj. Operating Income: $843M (Est. $828M) 🟢
🔹 ARR: $3.37B; +12% YoY
FY26 Non-GAAP Guide:
🔹 Opex: $2.55B-$2.58B
🔹 Tax Rate: 22.5%-24.5%
Segment Net Revenue:
🔹 Capital Access Platforms: $641M; +20% YoY
🔹 Financial Technology: $529M; +16% YoY
🔹 Market Services: $309M; +2% YoY
Announcements:
🔹 Acquired: LeveL Markets
Other Q3 Metrics:
🔹 Solutions Revenue: $1.17B; +17% YoY
🔹 Index Revenue: $286M; +39% YoY
🔹 GAAP EPS: $0.96; +31% YoY
🔹 Adj. Operating Margin: 57%
🔹 Period-End ETP AUM: $1.16T
Comments:
🔸 “Nasdaq’s third quarter performance demonstrates the strength and momentum of our business, with new milestones achieved across all three divisions, including record Index net inflows, record FinTech ARR growth, and the establishment of Nasdaq Digital Liquidity Networks within Market Services.”
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