Nasdaq Inc

Latest Report Overview

Nasdaq Inc (NDAQ) reported For the quarterly period ended June 30, 2026 (Issuer fiscal Q2 FY2026) revenue of $2,532 million with diluted EPS of $0.89 and net income of $507 million. Operating margin was 28.1%, and free cash flow was $634 million for the period. The company experienced broad-based momentum across its investment intelligence and market technology segments, reinforcing its strategic transition toward recurring software and data revenue streams. Management highlighted continued client adoption of anti-financial crime solutions and robust index licensing demand. Operating efficiency remained solid with an operating margin of 28.1% and gross margin of 59.2%, reflecting disciplined cost management even amidst ongoing platform investments. The balance sheet supported continued capital returns, including $356 million in common stock repurchased during the quarter.

Key Takeaways for Nasdaq Inc

• Nasdaq Inc. reported Q2 2026 revenue of $2.53 billion, representing a 20.5% YoY increase driven by strong performance across market technology and investment intelligence segments.
• Diluted EPS came in at $0.89 with net income reaching $507 million for the quarter ended June 30, 2026.
• Free cash flow remained robust at $634 million, supporting capital allocation priorities including $356 million in share repurchases.
• Debt levels stood at $8.76 billion as of June 30, 2026, reflecting manageable leverage relative to operational cash flows.
• Operating margin expanded to 28.1% for the quarter, demonstrating disciplined cost execution alongside strategic revenue expansion.
• Continued strategic focus on software-as-a-service (SaaS) and data analytics solutions enhanced recurring revenue visibility.

What Does Nasdaq Inc Do?

Nasdaq Inc. is a leading global technology company serving capital markets and other industries worldwide. Its core offerings include trading, clearing, exchange technology, regulatory, and public company services across multiple asset classes including equities, derivatives, and fixed income. The company serves a diverse customer base comprising financial institutions, asset managers, corporate issuers, and regulatory bodies across North America, Europe, and global financial hubs. Nasdaq operates through key segments including Market Services, Investment Intelligence, Market Technology, and Corporate Platforms. Scale indicators include multi-billion dollar annual revenues, thousands of listed companies across its exchanges, and a global workforce supporting mission-critical financial market infrastructure. Its unique business model combines high-margin proprietary data and index licensing with resilient transaction-based exchange services.

Growth Drivers for Nasdaq Inc

• Expansion of Investment Intelligence through new index licensing partnerships and growing assets under management tied to Nasdaq indexes.
• Adoption of Market Technology software solutions, particularly anti-financial crime and cloud-enabled surveillance platforms by global financial institutions.
• Cross-selling advanced analytics and risk management software to existing exchange and corporate platform clients.
• Strategic pricing optimization across market services and data feeds.
• Geographic expansion of market technology deployments in emerging financial centers.