| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 2.1K | 2.3% |
| Total Income | 2.1K | 2.3% |
| Expenditure | 495.00 | 7.4% |
| PBT | 677.00 | 38.7% |
| Net Profit | 519.00 | 31.4% |
| OPM | 30.74% | 4.57pp |
| NPM | 24.29% | 5.39pp |
| EPS | 0.92 | 33.3% |
Nasdaq Reports Q1 2026 Net Revenue $1.4 Billion, Up 14% YoY
23 Apr 2026 · 23 Apr, 4:52 pm
Summary
Nasdaq reported strong first quarter 2026 results, with net revenue reaching $1.4 billion, a 14% increase compared to the prior year period. Solutions revenue grew by 14% to $1.1 billion, driven by growth in Financial Technology and Capital Access Platforms. GAAP diluted earnings per share increased by 33% to $0.91. The company returned over $700 million to shareholders through dividends and share repurchases. Management is updating its 2026 non-GAAP operating expense guidance to a range of $2.485 billion to $2.545 billion.
Key Highlights
- 1
Nasdaq's first quarter 2026 net revenue was $1.4 billion, an increase of 14% over the first quarter of 2025.
- 2
Annualized Recurring Revenue (ARR) of $3.2 billion increased 13% on a reported basis over the first quarter of 2025.
- 3
Financial Technology revenue was $517 million, an increase of 20% over the first quarter of 2025.
- 4
Index revenue of $220 million grew 14% over the first quarter of 2025, with $79 billion of net inflows over the trailing twelve months.
- 5
GAAP diluted earnings per share in the first quarter of 2026 was $0.91, an increase of 33% over the first quarter of 2025.
- 6
The company returned $153 million to shareholders through dividends and $548 million through repurchases of common stock in the first quarter of 2026.
- 7
Solutions revenue was $1.1 billion in the first quarter of 2026, up 14% year-over-year.
Management Comments
Adena Friedman
Nasdaq delivered one of the strongest starts to the year in our company’s history with broad-based growth across all three divisions. Our clients are increasingly turning to Nasdaq as a trusted transformation partner to modernize their core infrastructure, manage risk and increasing complexity, adapt to the evolution of capital markets, and integrate AI to drive greater efficiency in their operations. As we execute against our strategic priorities of Expand, Evolve, and Transform, we are well positioned to deliver increasing value to our clients and shareholders.
Sarah Youngwood
Nasdaq delivered exceptional first quarter performance with double-digit growth across our three divisions and particular strength in Financial Technology. The mission critical nature of our solutions combined with our execution excellence is helping Nasdaq deliver operating leverage with strong earnings growth. Nasdaq’s robust cash flow generation enabled the company to return over $700 million to shareholders in the quarter, including nearly $550 million of share repurchases, while reducing leverage and investing for long-term growth.
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