Nasdaq Reports Third Quarter 2026 Results; Strong Execution Drives $1.2 Billion of Solutions Revenue & Record ARR of $3.4 Billion
Nasdaq reported Q3 2026 net revenue of $1.5 billion, up 13% year-over-year (14% organic), with Solutions revenue of $1.2 billion up 17%. GAAP diluted EPS rose 31% to $0.96 and non-GAAP EPS rose 18% to $1.04, while ARR hit a record $3.4 billion, up 12% (14% organic). Index revenue grew 39% with record trailing-twelve-month net inflows of $141 billion. The company returned $496 million to shareholders in the quarter ($173M dividends, $323M buybacks) and updated 2026 non-GAAP expense guidance to $2.550B-$2.580B.
Key figures
- Eps
- 1.04
- Revenue
- $1,481M
- Guidance
- 2026 non-GAAP operating expense guidance updated to $2.550B-$2.580B; non-GAAP tax rate maintained at 22.5%-24.5%
- Revenue Yoy
- 13%
- Arr
- $3.4 billion
- Arr yoy
- 12%
- Buybacks
- $323 million
- Gaap eps yoy
- 31%
- Index revenue
- $286M
- Dividends paid
- $173 million
- Fintech revenue
- $529M
- Gaap diluted eps
- 0.96
- Non gaap eps yoy
- 18%
- Index revenue yoy
- 39%
- Solutions revenue
- $1,172M
- Listings win rate q3
- 79%
- Etp aum end of period
- $1.160 trillion
- Gaap operating income
- $732M
- Solutions revenue yoy
- 17%
- Ttm index net inflows
- $141 billion
- Cash flow from operations
- $521 million
- Non gaap operating income
- $843M
- Non gaap operating margin
- 57%
- Remaining buyback authorization
- $2.2 billion
AI analysis
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