Citable filing context
NDAQ's research view summarizes recent SEC filing context, starting with earnings from Jul 23, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 23, 2026 | earnings | Nasdaq reported second quarter 2026 net revenue of $1.5 billion, a 15% increase year-over-year. |
| Jul 1, 2026 | debt_offering | Nasdaq, Inc. entered into a $1.5 billion senior unsecured five-year revolving credit facility. |
| Jun 16, 2026 | other | Nasdaq shareholders elected 12 directors, approved executive compensation, and ratified Ernst & Young LLP as auditors. |
| Jul 23, 2026 | Guidance: non_gaap_operating_expense | 2530.00 to 2570.00 |
| Jul 23, 2026 | Guidance: non_gaap_tax_rate | 22.50 to 24.50 |
| Nov 3, 2023 | Guidance: leverage_targets | not reported to 4.00 |
| Jul 23, 2026 | mda_quarterly | Nasdaq’s financial performance for the second quarter of 2026 reflects strong growth, with revenues less transaction-based expenses rising 14.9% to $1.5 billion and operating income increasing 25.2% to $712 million. This growth was driven by robust activity across all three business segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment benefited from a resurgent IPO market, highlighted by the $86 billion SpaceX IPO, contributing to a record $105 billion in total proceeds raised. The Index business also reached a milestone, with ETP assets under management (AUM) surpassing $1 trillion. Financial Technology maintained momentum with 16% revenue and ARR growth, supported by the expansion of the Nasdaq Verafin anti-financial crime platform and the AxiomSL regulatory reporting suite. Market Services saw record net revenues, bolstered by high U.S. equity options volumes. Strategic execution remains focused on integrating the Adenza acquisition and leveraging AI across product offerings. The company successfully completed the transfer of its Nordic power futures business, resulting in an $88 million gain. Nasdaq maintains a solid liquidity position, supported by a $1.5 billion revolving credit facility and a $3 billion share repurchase authorization, of which $2.5 billion remains available as of June 30, 2026. |
| Apr 24, 2026 | mda_quarterly | Nasdaq reported strong first-quarter 2026 results, with revenues less transaction-based expenses increasing 13.8% to $1.41 billion and operating income rising 20.1% to $657 million. Diluted earnings per share grew 33.3% to $0.91. The company maintained listing leadership, securing seven of the ten largest operating company IPOs and achieving a 71% win rate across eligible U.S. operating companies, direct listings, and SPAC combinations. The Index business recorded $6 billion in quarterly net inflows, bringing ETP AUM to $836 billion. Financial Technology revenue and annualized recurring revenue (ARR) grew by 20% and 18%, respectively. Market Services achieved record net revenues, fueled by record volumes in U.S. cash equities and equity derivatives. These gains were primarily driven by elevated U.S. trading volumes and higher valuations in Nasdaq Indices. However, the company remains exposed to macroeconomic risks, including geopolitical instability, inflation, interest rate fluctuations, and the potential imposition of broad-based tariffs. Global or national economic weakness and potential recessions represent significant headwinds that could negatively impact future operating results. |
Source: SEC EDGAR filing text and events; period Jul 23, 2026; filed Jul 23, 2026.
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