Nasdaq's Q3 adjusted EPS up 18%, beatsing estimates

Nasdaq

Today 12:13

Overview
Market infrastructure provider's Q3 net revenue rose 13% yr/yr to $1.48 bln
Adjusted EPS rose 18% yr/yr, beating analyst expectations
Company returned $323 mln via share repurchases and $173 mln via dividends in Q3

Outlook
Nasdaq updates 2026 non-GAAP operating expense guidance to $2.55 bln-$2.58 bln
Company maintains 2026 non-GAAP tax rate guidance at 22.5%-24.5%
Nasdaq says 23/5 trading launch on track for December 6, 2026

Result Drivers
SOLUTIONS REVENUE GROWTH - Co said strong growth in Capital Access Platforms and Financial Technology drove solutions revenue higher
INDEX INFLOWS - Record net inflows and new product launches contributed to 39% index revenue growth
MARKET SERVICES VOLUMES - Higher industry volumes and increased market share in U.S. cash equities supported Market Services net revenue

Company press release: ID:nGNX75lxMR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Revenue
 
$1.48 bln
 
Q3 Adjusted EPS
Beat
$1.04
$1.02 (16 Analysts)
Q3 EPS
 
$0.96
 
Q3 ARR
 
$3.37 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy"
Wall Street's median 12-month price target for Nasdaq Inc is $109.00, about 13.4% above its October 21 closing price of $96.12
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads
Oct 20 - MSCI Q3 adj EPS rises, beats estimates
Oct 20 - Germany's Deutsche Boerse Q3 net revenue rises, lifts FY outlook
Oct 21 - CME Q3 revenue rises double digits, beats analyst estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)