Nasdaq Q3 Earnings Surge 38% as Financial Tech and Index Growth Fuel Record Revenue
Nasdaq, Inc. (NDAQ) shares edged higher to $88.86 after delivering a robust third-quarter performance, with GAAP diluted earnings per share jumping 38% to $0.73. Revenue climbed 15% year-over-year to $1.315 billion, marking the first time solutions revenue surpassed $1 billion. The financial technology segment led the charge with 23% growth, while annualized recurring revenue hit $3.007 billion—a 10% increase.
Market services revenue rose 14%, reflecting sustained demand for Nasdaq's trading infrastructure. The exchange operator's margin expansion and SaaS adoption—now representing 38% of recurring revenue—underscore its pivot toward scalable, technology-driven income streams. No direct cryptocurrency exposure was noted in the results, though the institutional adoption of blockchain-adjacent solutions continues indirectly benefiting crypto infrastructure providers.
