Nasdaq, Inc. reported financial results for the third quarter of 2026, showing a 13% increase in net revenue to $1.5 billion compared to the same period in 2025. On an organic basis, net revenue grew 14%. The company’s Solutions division, which includes Capital Access Platforms and Financial Technology, saw revenue rise 17% to $1.2 billion, or 18% organically.
Financial Technology revenue reached $529 million, an increase of 16% on both a reported and organic basis. The Index division reported revenue of $286 million, up 39% year-over-year, driven by $49 billion in net inflows during the third quarter alone. Market Services net revenue was $309 million, up 2% on a reported and organic basis.
GAAP diluted earnings per share (EPS) for the third quarter of 2026 were $0.96, a 31% increase over the prior year. Non-GAAP diluted EPS was $1.04, an 18% increase on a reported basis and 19% on an organic basis.
In terms of capital allocation, Nasdaq returned $173 million to shareholders through dividends and $323 million through common stock repurchases in the third quarter. As of September 30, 2026, $2.2 billion remained under the company’s authorized share repurchase program. The company also updated its 2026 non-GAAP operating expense guidance to a range of $2.550 billion to $2.580 billion.
Strategically, Nasdaq formed a new Digital Liquidity Networks organization within Market Services and completed the acquisition of LeveL Markets, the third-largest Alternative Trading System in the U.S. by trading volume. The company also announced the general availability of two new AI workers for its Verafin platform and launched 32 new Index products in the quarter, including 10 in the institutional annuity space.
