Nasdaq, Inc. (NDAQ) stock

NDAQNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 22, 2026Score 18/3033% above fair value

$106.23+0.63 (+0.60%)

Close on Oct 30, 2026Market cap $59.38BP/E 31.0Yield 0.99%

Earnings

Nasdaq's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Jan 28, 2027

Q4 FY2026 · estimated, before the open

Revenue, Q3 FY2026

$1.50B

+15.4% on a year earlier

Non-GAAP diluted earnings per share, Q3 FY2026

$1.04

$0.88 a year earlier

Latest guidance

Issued

Oct 22, 2026 · 2 items

Quarterly results

Revenue and earnings per share from each of Nasdaq's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q4 FY2026ended Dec 31, 2026	Jan 28, 2027Expected	–	–	–	–	–
Q3 FY2026ended Sep 30, 2026	Oct 22, 2026before the open	$1.50B	+15.4%	$0.96	$1.04	Release
Q2 FY2026ended Jun 30, 2026	Jul 23, 2026before the open	$1.50B	+14.9%	$0.89	$1.07	Release
Q1 FY2026ended Mar 31, 2026	Apr 23, 2026before the open	$1.40B	+13.2%	$0.91	$0.96	Release
Q4 FY2025ended Dec 31, 2025	Jan 29, 2026before the open	$1.40B	+14.1%	$0.90	$0.96	Release
Q3 FY2025ended Sep 30, 2025	Oct 21, 2025before the open	$1.30B	+18.2%	$0.73	$0.88	Release
Q2 FY2025ended Jun 30, 2025	Jul 24, 2025before the open	$1.31B	+8.8%	$0.78	$0.85	Release
Q1 FY2025ended Mar 31, 2025	Apr 24, 2025before the open	$1.24B	+12.5%	–	–	Release
Q4 FY2024ended Dec 31, 2024	Jan 29, 2025before the open	$1.23B	+9.8%	$0.61	$0.76	Release
Q3 FY2024ended Sep 30, 2024	Oct 24, 2024before the open	$1.10B	+17.0%	$0.53	$0.74	Release
Q2 FY2024ended Jun 30, 2024	Jul 25, 2024before the open	$1.20B	+29.7%	$0.38	$0.69	Release
Q1 FY2024ended Mar 31, 2024	Apr 25, 2024before the open	$1.10B	+20.4%	$0.40	$0.63	Release
Q4 FY2023ended Dec 31, 2023	Jan 31, 2024before the open	$1.12B	+23.3%	$0.36	$0.72	Release
Q3 FY2023ended Sep 30, 2023	Oct 18, 2023before the open	$940.00M	+5.6%	$0.60	$0.71	Release
Q2 FY2023ended Jun 30, 2023	Jul 19, 2023before the open	$925.00M	+3.6%	$0.54	$0.71	Release
Q1 FY2023ended Mar 31, 2023	Apr 19, 2023before the open	$914.00M	+2.5%	$0.61	$0.69	Release
Q4 FY2022ended Dec 31, 2022	Jan 25, 2023before the open	$906.00M	+2.4%	$0.48	$0.64	Release
Q3 FY2022ended Sep 30, 2022	Oct 19, 2022before the open	$890.00M	+6.2%	$0.59	$0.68	Release
Q2 FY2022ended Jun 30, 2022	Jul 20, 2022before the open	$893.00M	–	$1.85	$2.07	Release
Q1 FY2022ended Mar 31, 2022	Apr 20, 2022before the open	$892.00M	–	$1.70	$1.97	Release
Q4 FY2021ended Dec 31, 2021	Jan 26, 2022before the open	$885.00M	–	$1.53	$1.93	Release
Q3 FY2021ended Sep 30, 2021	Oct 20, 2021before the open	$838.00M	–	$1.69	$1.78	Release
Q2 FY2021ended Jun 30, 2021	Jul 21, 2021before the open	–	–	–	–	Release
Q1 FY2021ended Mar 31, 2021	Apr 21, 2021before the open	–	–	–	–	Release
Q4 FY2020ended Dec 31, 2020	Jan 27, 2021before the open	–	–	–	–	Release
Q3 FY2020ended Sep 30, 2020	Oct 21, 2020before the open	–	–	–	–	Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Nasdaq's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
non-GAAP operating expensenon-GAAP	FY2026	$2.55B – $2.58B	–	New	Oct 22, 2026
non-GAAP operating expensenon-GAAP	FY2026	$2.53B – $2.57B	$2.49B – $2.55B	Raised	Jul 23, 2026
non-GAAP tax ratenon-GAAP	FY2026	22.5% – 24.5%	–	New	Oct 22, 2026
non-GAAP tax ratenon-GAAP	FY2026	22.5% – 24.5%	22.5% – 24.5%	Reaffirmed	Jul 23, 2026

Guidance history

Every forecast Nasdaq put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Oct 22, 2026	non-GAAP operating expense	FY2026	$2.55B – $2.58B	New
Oct 22, 2026	non-GAAP tax rate	FY2026	22.5% – 24.5%	New
Jul 23, 2026	non-GAAP tax rate	FY2026	22.5% – 24.5%	Reaffirmed
Jul 23, 2026	non-GAAP operating expense	FY2026	$2.53B – $2.57B	Raised
Apr 23, 2026	non-GAAP tax rate	FY2026	22.5% – 24.5%	Reaffirmed
Apr 23, 2026	non-GAAP operating expense	FY2026	$2.49B – $2.55B	Raised
Jan 29, 2026	non-GAAP tax rate	FY2026	22.5% – 24.5%	New
Jan 29, 2026	non-GAAP operating expense	FY2026	$2.46B – $2.54B	New
Oct 21, 2025	non-GAAP tax rate	FY2025	22.5% – 23.5%	Lowered
Oct 21, 2025	non-GAAP operating expense	FY2025	$2.31B – $2.34B	Raised
Jul 24, 2025	non-GAAP tax rate	FY2025	22.5% – 24.5%	New
Jul 24, 2025	non-GAAP operating expense	FY2025	$2.30B – $2.34B	New
Apr 24, 2025	non-GAAP tax rate	FY2025	22.5% – 24.5%	Reaffirmed
Apr 24, 2025	non-GAAP operating expense	FY2025	$2.27B – $2.33B	Raised
Jan 29, 2025	non-GAAP tax rate	FY2025	22.5% – 24.5%	New
Jan 29, 2025	non-GAAP operating expense	FY2025	$2.25B – $2.33B	New
Oct 24, 2024	non-GAAP tax rate guidance	FY2024	23.5% – 24.5%	Lowered
Oct 24, 2024	non-GAAP operating expense guidance	FY2024	$2.15B – $2.18B	Narrowed
Jul 25, 2024	non-GAAP tax rate	FY2024	24.5% – 26.5%	Reaffirmed
Jul 25, 2024	non-GAAP operating expense	FY2024	$2.15B – $2.19B	Raised
Apr 25, 2024	non-GAAP tax rate	FY2024	24.5% – 26.5%	Reaffirmed
Apr 25, 2024	non-GAAP operating expense	FY2024	$2.13B – $2.19B	Raised
Jan 31, 2024	non-GAAP tax rate guidance	FY2024	24.5% – 26.5%	New
Jan 31, 2024	non-GAAP operating expense guidance	FY2024	$2.11B – $2.19B	New
Oct 18, 2023	non-GAAP tax rate	FY2023	24.5% – 25.5%	Narrowed
Oct 18, 2023	non-GAAP operating expense	FY2023	$1.79B – $1.81B	Lowered
Jul 19, 2023	non-GAAP tax rate	FY2023	24% – 26%	Reaffirmed
Jul 19, 2023	non-GAAP operating expense	FY2023	$1.79B – $1.82B	Narrowed
Apr 19, 2023	non-GAAP tax rate	FY2023	24% – 26%	Reaffirmed
Apr 19, 2023	non-GAAP operating expense guidance	FY2023	$1.78B – $1.84B	Narrowed
Jan 25, 2023	non-GAAP tax rate	FY2023	24% – 26%	New
Jan 25, 2023	non-GAAP operating expense	FY2023	$1.77B – $1.85B	New
Oct 19, 2022	non-GAAP operating expense	FY2022	$1.70B – $1.72B	Lowered
Oct 19, 2022	non-GAAP tax rate	FY2022	24% – 25%	Lowered
Jul 20, 2022	non-GAAP tax rate	FY2022	24% – 26%	Reaffirmed
Jul 20, 2022	non-GAAP operating expense	FY2022	$1.71B – $1.74B	Narrowed
Apr 20, 2022	non-GAAP tax rate	FY2022	24% – 26%	Reaffirmed
Apr 20, 2022	non-GAAP operating expense	FY2022	$1.70B – $1.76B	Raised
Jan 26, 2022	non-GAAP tax rate	FY2022	24% – 26%	New
Jan 26, 2022	non-GAAP operating expense	FY2022	$1.68B – $1.76B	New
Oct 20, 2021	non-GAAP tax rate	FY2021	25% – 27%	New
Oct 20, 2021	non-GAAP operating expense	FY2021	$1.61B – $1.62B	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.