Nasdaq's second quarter revenue grew 15% to $1.5B, beating estimates on strong Solutions growth.

Nasdaq reported second quarter 2026 net revenue of $1.5 billion, a 15% increase year-over-year, and non-GAAP EPS of $1.07, up 25% from the prior year. Both figures exceeded analyst expectations.

Key Highlights

• Solutions revenue grew by 17% to $1.2 billion, driven by strong performance in both the Financial Technology and Capital Access Platforms divisions.
• Annualized Recurring Revenue (ARR) increased 12% on an organic basis to $3.3 billion, with SaaS revenues growing 15% organically and now representing 38% of total ARR.
• The Financial Technology segment delivered 16% revenue growth to $539 million, while Index revenue surged 38% to $271 million, fueled by record net inflows.