NDAQ: Solutions growth, record Index inflows, and recurring revenue momentum powered 3Q26 results
Nasdaq reported 3Q26 net revenue growth of 13%, with Solutions revenue up 17% due to record index inflows and financial technology ARR growth. The company raised expense guidance, maintained 2.5x leverage, and returned over $1.7B to shareholders year to date, according to the company.
How this was made

The 30-second read
Why it matters
The earnings beat provides fresh data for traders to reassess valuation and momentum.
Market read
First‑report earnings data for a mid‑cap exchange operator, likely influencing equity and fintech sectors.
What to watch
Leverage at 2.5x and the sustainability of ARR growth may temper enthusiasm.
Background
Nasdaq, Inc. released its 3Q26 earnings summary highlighting revenue growth and cash returns.
Ticker impact
Nasdaq reported 3Q26 net revenue up 13% and Solutions revenue up 17% with record index inflows and higher ARR.
likely upward pressure as market prices in stronger revenue and cash returns
Revenue growth and record inflows are fresh, material data that can lift the stock.
Market effects
Strong index inflows may boost other exchange‑listed firms and fintech providers.
U.S. equity markets could see a modest lift from Nasdaq's results.
Limited to U.S. markets; no direct global ripple.
Counterpoint
If expense guidance rise signals higher cost pressure, the stock could face downside despite revenue growth.
Key entities
- companyNasdaq, Inc.
U.S. stock exchange operator reporting Q3 results.


