Nasdaq's strategic pivot to fee-based revenue is delivering tangible results, with non-interest income comprising 99.7% of total revenue and EPS surging 134% from $0.38 in Q2 2024 to $0.89 in Q2 2026. The efficiency ratio improved to 24.6% in Q2 2026 from 35.1...
Price trend, volume and key moving averages
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Revenue growth is accelerating with EPS up 134% year-over-year to $0.89 in Q2 2026, driven by a 99.7% fee-based revenue mix and an efficiency ratio improvement to 24.6%.
In Q4 2025, Nasdaq reported $0.96 EPS, beating analyst estimates of $0.92. 2025 net revenue hit $5.2 billion, up 13% YoY, while total revenue rose 11.05% to $8.218 billion.
Nasdaq’s Annualized Recurring Revenue reached $2.74 billion in Q3 2024, marking a 31% year‑over‑year increase, underscoring its recurring revenue base.
The company is shifting from a traditional exchange model to a diversified technology and data‑driven enterprise, reducing reliance on trading fees and integrating AI into market surveillance.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $1.07+8.7% vs $0.98 | $1.5B+3.1% vs $1.5B |
Q2 2026 Apr 23, 2026 | $0.96+3.2% vs $0.93 | $1.4B+2.6% vs $1.4B |
Q1 2026 Jan 29, 2026 | $0.96+4.1% vs $0.92 | $1.4B+1.9% vs $1.4B |
Q4 2025 Oct 21, 2025 | $0.88+3.3% vs $0.85 | $2.0B+50.2% vs $1.3B |
Nasdaq confirms the Company satisfies continued listing criteria under Listing Rule 5550(a)(2), officially closing the compliance matter Follows the recent completion of the LightSolver acquisition, marking CollPlant's strategic expansion into high-performance computing (HPC) and photonics REHOVOT, Israel, Sept. 22, 2026 /PRNewswire/ -- CollPlant Biotechnologies Ltd.
TEL AVIV, Israel, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Gauzy Ltd.
SINGAPORE, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Davis Commodities Limited (“Davis Commodities” or the “Company”), an agricultural commodity trading company specializing in the trading of sugar, rice, and oil and fat products, today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has stated that it will delist the Company's Class A ordinary shares from The Nasdaq Stock Market.
NEW YORK--(BUSINESS WIRE)---- $NDAQ #AI--Transient.AI announced a strategic investment from Nasdaq Ventures, joining lead investor NEXT Investors in the company's Series A round.
Benchmark NDAQ against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Nasdaq, Inc. (NDAQ)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $94.69 | $52.93B | 30.64 | 9.86% | 21.77% | 15.27% | 1.1% | |
| $155.37 | $87.62B | 26.93 | 9.27% | 30% | 13.78% | — | |
| $275.53 | $99.07B | 24.69 | 7.06% | 63.08% | 15.53% | — | |
| $271.43 | $28.41B | 26.05 | 15.31% | 26.73% | 25.75% | — | |
| $163.44 | $5.75B | 24.54 | 3.85% | 35.23% | 24.48% | — | |
| $104.45 | $22.24B | 27.63 | 19.1% | 40.66% | 12.47% | — |
Nasdaq, Inc. (NDAQ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Nasdaq, Inc. (NDAQ) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 23, 2026·SEC
Jul 1, 2026·SEC
Jun 16, 2026·SEC
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Nasdaq, Inc. (NDAQ) stock FAQ — growth, dividends, profitability & financials explained
Nasdaq, Inc. (NDAQ) grew revenue by 9.9% over the past year. This is steady growth.
Yes, Nasdaq, Inc. (NDAQ) is profitable, generating $1.97B in net income for fiscal year 2025 (21.8% net margin).
Yes, Nasdaq, Inc. (NDAQ) pays a dividend with a yield of 1.10%. This makes it attractive for income-focused investors.
Nasdaq, Inc. (NDAQ) has a return on equity (ROE) of 15.3%. This is reasonable for most industries.
Nasdaq, Inc. (NDAQ) has a net interest margin (NIM) of -0.2%. NIM has been under pressure due to interest rate environment.
Nasdaq, Inc. (NDAQ) has an efficiency ratio of 19.6%. This is excellent, indicating strong cost control.
