Nasdaq Earnings Surge on Financial Technology Momentum

The company reported earnings of 96 cents a share for the third quarter, a substantial jump from the 73 cents recorded during the same period last year. On an adjusted basis, Nasdaq reached $1.04 per share, narrowly outperforming the $1.02 consensus target set by Wall Street analysts. Total revenue climbed 21% to $2.39 billion, while revenue excluding transaction-based expenses reached $1.48 billion, edging past estimates.

Driving these gains was the solutions business, which saw a 17% revenue increase to $1.17 billion, bolstered by robust activity in capital access platforms. In contrast, market services revenue grew more modestly, rising 2% to $309 million. Looking ahead, the company expects non-GAAP operating expenses to settle between $2.55 billion and $2.58 billion for the full year. This performance comes as the AI investment boom continues to favor Nasdaq’s platform, which has secured significantly more capital than the NYSE’s $20 billion haul across 32 listings.