| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 2.5K | 18.5% | 21.1% |
| Total Income | 2.5K | 18.5% | 21.1% |
| Expenditure | 540.00 | 9.1% | 9.8% |
| PBT | 653.00 | 3.5% | 19.2% |
| Net Profit | 507.00 | 2.3% | 12.2% |
| OPM | 28.12% | 2.62pp | 0.94pp |
| NPM | 20.02% | 4.26pp | 1.60pp |
| EPS | 0.90 | 2.2% | 13.9% |
Nasdaq Reports Q2 2026 Financial Results
23 Jul 2026 · 23 Jul, 5:01 pm
Summary
Nasdaq reported strong financial results for the second quarter of 2026, with net revenue reaching $1.5 billion, a 15% increase year-over-year on both reported and adjusted bases. Solutions revenue demonstrated robust growth, up 17%, driven by strong performance in Financial Technology and Index segments. The company also saw its Annualized Recurring Revenue (ARR) grow by 11% to $3.3 billion. Earnings per share saw significant increases, with GAAP diluted EPS up 14% to $0.89 and non-GAAP diluted EPS up 25% to $1.07. Management expressed confidence in Nasdaq's position as a transformation partner in the evolving financial landscape, highlighting double-digit growth across all divisions and significant business milestones.
Key Highlights
- 1
Nasdaq reported second quarter 2026 net revenue of $1.5 billion, an increase of 15% on both a reported and adjusted basis over the second quarter of 2025.
- 2
Solutions revenue grew 17% on both a reported and adjusted basis, with Financial Technology revenue increasing 16% and Index revenue growing 38%.
- 3
Annualized Recurring Revenue (ARR) reached $3.3 billion, an 11% increase on a reported basis over the second quarter of 2025.
- 4
GAAP diluted earnings per share was $0.89, an increase of 14% over the second quarter of 2025, while non-GAAP diluted earnings per share rose 25% to $1.07.
- 5
The company returned $174 million to shareholders through dividends and $356 million through repurchases of common stock in the second quarter of 2026.
- 6
Index ETP assets under management exceeded $1 trillion for the first time, with $51 billion in net inflows during the second quarter.
- 7
Listings set a quarterly record for total proceeds raised, highlighted by the $86 billion SpaceX IPO.
Management Comments
Adena Friedman
Nasdaq delivered an outstanding second quarter, defined by new records and milestones. We delivered double-digit growth across all three divisions, surpassed $1 trillion in Index ETP AUM, and listed SpaceX, the largest IPO in exchange history. As the forces reshaping global finance accelerate, from AI and market modernization to the increasingly complex regulatory and risk environment, Nasdaq's role as our clients' trusted transformation partner positions us for sustained leadership. We are confident in our ability to capture the opportunity ahead and deliver durable, long-term value for our clients and shareholders.
Sarah Youngwood
Nasdaq's second quarter results mark another quarter of excellent Solutions revenue growth, expanding operating margins, strong EPS growth, and robust cash flow generation. Nasdaq’s durable business model and consistent execution support our disciplined capital allocation strategy that returns meaningful capital to shareholders through both dividends and share repurchases while investing in innovations that will sustain our long-term growth trajectory.
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