Nasdaq, Inc. Earnings Recaps
Q1 2026
Apr 23, 2026
Nasdaq delivered a record first quarter, with robust organic growth across revenue streams and strong client engagement, driven by innovations in data, indices, and digital asset solutions. The company is well-positioned to capitalize on industry trends amid a resilient macroeconomic environment.
Key takeaways
- Achieved 13% YoY revenue growth to $1.4 billion and 17% operating income increase to $799 million, marking one of the strongest Q1 performances in Nasdaq’s history.
- Strategic momentum in IPOs and listings, with 15 new US IPOs raising over $5 billion, alongside ongoing pipeline strength despite market volatility.
- Index assets grew to a record $877 billion AUM, with 46% of recent inflows driven by product launches, including international and private market indexes.
- Data services saw 32% growth in enterprise licenses, with expansion in Asia and Middle East markets contributing to overall revenue strength.
- Focused on expanding index offerings and international distribution, with new partnerships and product launches to sustain growth momentum.
Q2 2025
Jul 25, 2025
Nasdaq reported robust second quarter 2025 results with net revenue of $1.3 billion, marking a 12% year-over-year increase, and impressive 24% growth in EPS.
Key takeaways
- Solutions revenues climbed to $991 million, representing a 10% year-over-year growth.
- Annualized recurring revenue (ARR) grew by 9% to $2.9 billion.
- The Listings franchise achieved a 79% win rate for IPOs, with 38 new companies raising $3.6 billion during the quarter.
- Market Services saw a significant 21% growth in net revenue, driven by heightened market activity.
- Continued investment in financial technology is enhancing Nasdaq's competitive position, particularly in Financial Crime Management and Regulatory Technology.