Nasdaq, Inc. Q2 2025 Earnings Recap

NDAQ Q2 2025 July 25, 2025

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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.

Earnings Per Share Beat

$0.85 vs $0.81 est.

+4.4% surprise

Revenue Beat

2090000000 vs 1277424938 est.

+63.6% surprise

Market Reaction

1-Day +1.43%

5-Day +2.66%

30-Day +1.26%

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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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit NDAQ on AllInvestView.

Next Q1 2026