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nasdaq.comJUL 233 min read$NDAQ

Nasdaq Q2 Earnings: Double-Digit Revenue Growth Across All Divisions

Nasdaq (NDAQ) reported Q2 results with quarterly net revenue of $1.5 billion, up 15% on an adjusted basis. Solutions revenue rose 17% adjusted. ARR increased 11% to $3.3 billion. GAAP diluted EPS was $0.89, up 14%, and non-GAAP EPS was $1.07. Nasdaq also cited record Index AUM and IPO activity, including SpaceX.

Original reporting
nasdaq.com
Published Jul 23, 2026, 3:00 PM UTC
Analysis
alphai AI DeskAI-generated
Added to alphai Jul 23, 2026, 3:54 PM UTC. Informational, not investment advice.
How this was made
alphai summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About alphai AI DeskScoring methodologyReport an issue
Nasdaq Q2 Earnings: Double-Digit Revenue Growth Across All Divisions — source image
Source · nasdaq.com
Decision brief

The 30-second read

$NDAQBullishMed
01

Why it matters

The disclosed earnings datapoints (net revenue, EPS, ARR) and division growth rates are likely to influence valuation multiples and near-term positioning in exchange and market-infrastructure equities.

02

Market read

A full earnings datapoint set with ARR and EPS beats plus record milestones is the primary driver for trading interest in NDAQ.

03

What to watch

The piece emphasizes milestones (SpaceX IPO, Index AUM, Verafin assets) but provides no segment margins, guidance, or risk commentary beyond standard forward-looking language, which can temper the reaction.

Relevance 9/10Novelty 8/10Timing: after-hours earnings release coverage for Q2 2026

Background

Nasdaq’s Q2 2026 results are presented as double-digit growth across Listings, Data, FinTech, and Market Services, with record Index ETP AUM and major IPO-related activity.

Company-level read

Ticker impact

$NDAQBullishMedium confidence
Context

Nasdaq reported Q2 net revenue of $1.5B (+15% adjusted) and EPS of $0.89 GAAP, plus ARR growth to $3.3B.

Expected impact

Moderately positive bias for the next session, with follow-through dependent on how investors react to ARR and division growth details.

Evidence & confidence

The article discloses a full earnings datapoint set (revenue, EPS, ARR, buybacks/dividends) and highlights record Index AUM and FinTech AI/AML product progress, which are typically material for valuation and guidance expectations.

Market effects

Sector

Reinforces demand for exchange, index, and financial-crime/market modernization software, supporting the broader market infrastructure theme.

Regional

Limited direct regional read-through; impacts global capital markets infrastructure sentiment.

Global

Index ETP AUM and cross-institutional financial crime data scale are globally relevant for exchange and compliance technology providers.

Counterpoint

What could challenge this read

Strong headline growth may still mask margin, cost, or regulatory overhang not captured in this summary; investors may focus on sustainability of ARR and trading-volume assumptions.

Key entities

  • company
    Nasdaq

    Reported Q2 2026 net revenue, EPS, ARR, and division-level growth, plus record Index AUM and FinTech AI/AML product updates.

  • person
    Adena Friedman

    CEO/Chair quoted on performance and industry trends including AI, tokenization, and market modernization.

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