Nasdaq Reports 20.9% Revenue Growth to $2.39 Billion in Q3 2026

Nasdaq, Inc. reported a significant increase in financial performance for the third quarter of 2026, with total revenues reaching $2.39 billion, up 20.9% from $1.98 billion in the same period last year. The company's operating income also rose by 24.9% to $732 million, compared to $586 million in the prior year. Net income attributable to Nasdaq increased by 27.8% to $540 million, resulting in diluted earnings per share of $0.96, a 31.3% increase from $0.73 in the previous year. For the nine months ended September 30, 2026, total revenues were $7.06 billion, reflecting a 14.4% increase from $6.18 billion in 2025.

The company experienced notable growth across its business segments. The Capital Access Platforms segment generated $641 million in revenue, a 20.2% increase from $534 million in the prior year, driven by strong performance in data and listing services. The Financial Technology segment reported revenues of $529 million, up 15.8% from $457 million, while the Market Services segment saw revenues rise by 26.2% to $1.22 billion, compared to $967 million in the previous year. This growth was attributed to higher trading volumes and increased market share in U.S. options and cash equities.

Strategically, Nasdaq made significant moves during the quarter, including the acquisition of Dasseti, an AI-powered due diligence platform, which will enhance its analytics capabilities. The company also completed the sale of Nasdaq Fund Secondaries and the Nasdaq Metrio platform, as part of its ongoing efforts to streamline operations and focus on core business areas. As of September 30, 2026, Nasdaq had 5,829 companies listed across its exchanges, with a combined market capitalization of approximately $49.5 trillion.

Operationally, Nasdaq reported a headcount of 9,593 employees, a slight decrease from 9,625 in the previous year. The company also noted an increase in annual recurring revenue (ARR) across its segments, with Financial Technology achieving 18% ARR growth. The firm continues to expand its geographic footprint and product offerings, launching 32 new index products in the third quarter alone.

Looking ahead, Nasdaq expressed optimism about its growth trajectory, citing favorable market conditions and ongoing investments in technology and innovation. The company anticipates continued revenue growth driven by increased trading volumes and the successful integration of acquired businesses. However, it remains vigilant regarding potential macroeconomic challenges, including inflation and geopolitical risks, which could impact its operations.