Nasdaq's first quarter 2026 results beat estimates, driven by 20% growth in Financial Technology revenue.

Nasdaq reported first quarter 2026 net revenue of $1.41 billion and non-GAAP EPS of $0.96, exceeding analyst expectations of $1.37 billion and $0.93, respectively. The results were driven by double-digit net revenue growth across all three divisions.

Key Highlights

• Net revenue increased 14% year-over-year to $1.41 billion, or 13% on an organic basis.
• The Financial Technology segment delivered strong performance, with revenue growing 20% year-over-year (18% organic) to $517 million.
• Annualized Recurring Revenue (ARR) grew 13% from the prior year to $3.2 billion, reflecting continued strength in the company's subscription-based businesses.