Nasdaq Reports Third Quarter 2026 Results; Strong Execution Drives $1.2 Billion of Solutions Revenue & Record ARR of $3.4 Billion
Key Highlights
- ➤Solutions revenue $1.2 billion, up 17% year over year
- ➤ARR reached record $3.4 billion, up 12% reported
- ➤Non-GAAP diluted EPS $1.04, up 18% reported
- ➤2026 non-GAAP operating expense guidance updated to $2.550-$2.580 billion
- ➤Index revenue $286 million, up 39%, with $49 billion quarterly inflows
Expert Statements
Adena Friedman, Chair and CEO of Nasdaq
“Nasdaq’s third quarter performance demonstrates the strength and momentum of our business, with new milestones achieved across all three divisions, including record Index net inflows, record FinTech ARR growth, and the establishment of Nasdaq Digital Liquidity Networks within Market Services. Markets are evolving towards an AI-driven, Always-On future that is increasingly integrated across asset classes and geographies. Nasdaq is shaping the next generation of market infrastructure while expanding our growth opportunities and enhancing the value we deliver to our clients and shareholders.”
Sarah Youngwood, Executive Vice President and CFO of Nasdaq
“Nasdaq delivered excellent third quarter results, headlined by outstanding Solutions revenue growth, continued operating leverage, and strong EPS growth. Our durable business model and disciplined execution underpin our capital allocation strategy that prioritizes funding investments in long-term growth while returning more than $1.7 billion to shareholders year to date through share repurchases and dividends.”
NEW YORK, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the third quarter of 2026. * Third quarter 2026 net revenue(1) was $1.5 billion, an increase of 13% over the third quarter of 2025, or 14% on an organic(2) basis. Solutions revenue(3) increased 17%, or 18% on an organic basis. * Annualized Recurring Revenue (ARR)(3,4) of $3.4 billion increased 12% on a reported basis over the third quarter of 2025, or 14% on an organic basis. Annualized SaaS revenue increased 12%, or 16% on an organic basis, and represented 38% of ARR. * Financial Technology revenue was $529 million, an increase of 16% on both a reported and organic basis over the third quarter of 2025. * Index revenue of $286 million grew 39% on both a reported and organic basis over the third quarter of 2025, with $141 billion of net inflows over the trailing twelve months, including $49 billion in the third quarter of 2026. * GAAP diluted earnings per share in the third quarter of 2026 was $0.96, an increase of 31% over the third quarter of 2025. Non-GAAP(5) diluted earnings per share in the third quarter of 2026 was $1.04, an increase of 18% on a reported basis over the third quarter of 2025, or 19% on an organic basis. * In the third quarter of 2026, the company returned $173 million to shareholders through dividends and $323 million through repurchases of common stock. Third Quarter 2026 Highlights
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