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Will Nasdaq's Beat Streak Continue This Earnings Season?
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Key Takeaways
NDAQ's Q2 growth is likely to be boosted by Capital Access Platforms, Financial Technology & Market Services.
NDAQ reported higher U.S. equity options and cash equity volumes, while European options and futures lowered.
Nasdaq is expected to face higher expenses, though share buybacks may provide support to earnings.
Nasdaq, Inc. (NDAQ - Free Report) is expected to register an improvement in both top and bottom lines when it reports second-quarter 2026 results on July 23, before the opening bell.
The Zacks Consensus Estimate for NDAQ’s second-quarter revenues is pegged at $1.44 billion, indicating 10.6% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at 98 cents per share. The Zacks Consensus Estimate for NDAQ’s second-quarter earnings has moved 1% north in the past 30 days. The estimate suggests a year-over-year increase of 15.3%.
What Our Quantitative Model States
Our proven model predicts an earnings beat for Nasdaq this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Nasdaq has an Earnings ESP of +0.14% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Nasdaq currently carries a Zacks Rank #3.
Factors to Consider
Continued organic revenue growth, new sales and an increase in Financial Crime Management Technology revenues are likely to have aided Nasdaq’s second-quarter performance.
Non-trading revenues are likely to have benefited from improved results in Capital Access Platforms, Financial Technology and Market Services businesses.
Higher subscription revenues from new and existing clients and higher professional services fees are likely to have aided the Financial Crime Management Technology business.
Higher revenues related to data center growth and higher subscription revenues from new sales and price increases to existing clients are likely to have aided the Capital Markets Technology business.
New listings, an increase in data net sales and usage and pricing, higher average AUM in exchange-traded products linked to Nasdaq indices, eVestment and Nasdaq Alternative Data sales growth are expected to have aided performance at the Capital Access Platforms division.
An rise in professional & contract services expenses, as well as technology and communication infrastructure, marketing and advertising, depreciation and amortization and regulatory, merger and strategic initiatives is expected to have increased total expenses for the to-be-reported quarter.
Nevertheless, share buybacks in the quarter to be reported are expected to have boosted the bottom line.
Q2 Volumes
Nasdaq reported impressive volumes for the second quarter of 2026. The U.S. equity options volume increased 25.4% year over year to 1.2 billion contracts. European options and futures volume decreased 14.7% year over year to 13.3 million contracts.
Revenues per contract for the U.S. equity options decreased 16.7% year over year to 10 cents, while the same for European options and futures increased 21.8% to 67 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the second quarter, which grossed 184.5 billion shares, up 16.5% from the prior-year quarter’s level. European equity volume increased 14% year over year to $277 billion.
In the second quarter, there were 4,525 listed companies on the Nasdaq compared with 4,472 in the year-ago period. Total listings increased 7.1% year over year to 5,768.
Other Stocks to Consider
Here are three finance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat.
Cboe Global Markets, Inc. (CBOE - Free Report) has an Earnings ESP of +1.82% and carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $3.41, indicating a year-over-year increase of 38.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
CBOE’s earnings beat estimates in each of the last four reported quarters.
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +7.22% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.82, indicating a year-over-year decrease of 7.6%.
CINF’s earnings beat estimates in each of the last four reported quarters.
The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +10.88% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $5.33, indicating a year-over-year decrease of 10.2%.
ALL’s earnings beat estimates in each of the last four reported quarters.
View the Zacks #1 Rank List
Image: Bigstock
Will Nasdaq's Beat Streak Continue This Earnings Season?
Key Takeaways
Nasdaq, Inc. (NDAQ - Free Report) is expected to register an improvement in both top and bottom lines when it reports second-quarter 2026 results on July 23, before the opening bell.
The Zacks Consensus Estimate for NDAQ’s second-quarter revenues is pegged at $1.44 billion, indicating 10.6% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at 98 cents per share. The Zacks Consensus Estimate for NDAQ’s second-quarter earnings has moved 1% north in the past 30 days. The estimate suggests a year-over-year increase of 15.3%.
What Our Quantitative Model States
Our proven model predicts an earnings beat for Nasdaq this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Nasdaq has an Earnings ESP of +0.14% at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Nasdaq, Inc. Price and EPS Surprise
Nasdaq, Inc. price-eps-surprise | Nasdaq, Inc. Quote
Zacks Rank: Nasdaq currently carries a Zacks Rank #3.
Factors to Consider
Continued organic revenue growth, new sales and an increase in Financial Crime Management Technology revenues are likely to have aided Nasdaq’s second-quarter performance.
Non-trading revenues are likely to have benefited from improved results in Capital Access Platforms, Financial Technology and Market Services businesses.
Higher subscription revenues from new and existing clients and higher professional services fees are likely to have aided the Financial Crime Management Technology business.
Higher revenues related to data center growth and higher subscription revenues from new sales and price increases to existing clients are likely to have aided the Capital Markets Technology business.
New listings, an increase in data net sales and usage and pricing, higher average AUM in exchange-traded products linked to Nasdaq indices, eVestment and Nasdaq Alternative Data sales growth are expected to have aided performance at the Capital Access Platforms division.
An rise in professional & contract services expenses, as well as technology and communication infrastructure, marketing and advertising, depreciation and amortization and regulatory, merger and strategic initiatives is expected to have increased total expenses for the to-be-reported quarter.
Nevertheless, share buybacks in the quarter to be reported are expected to have boosted the bottom line.
Q2 Volumes
Nasdaq reported impressive volumes for the second quarter of 2026. The U.S. equity options volume increased 25.4% year over year to 1.2 billion contracts. European options and futures volume decreased 14.7% year over year to 13.3 million contracts.
Revenues per contract for the U.S. equity options decreased 16.7% year over year to 10 cents, while the same for European options and futures increased 21.8% to 67 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the second quarter, which grossed 184.5 billion shares, up 16.5% from the prior-year quarter’s level. European equity volume increased 14% year over year to $277 billion.
In the second quarter, there were 4,525 listed companies on the Nasdaq compared with 4,472 in the year-ago period. Total listings increased 7.1% year over year to 5,768.
Other Stocks to Consider
Here are three finance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat.
Cboe Global Markets, Inc. (CBOE - Free Report) has an Earnings ESP of +1.82% and carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $3.41, indicating a year-over-year increase of 38.6%. You can see the complete list of today’s Zacks #1 Rank stocks here.
CBOE’s earnings beat estimates in each of the last four reported quarters.
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +7.22% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.82, indicating a year-over-year decrease of 7.6%.
CINF’s earnings beat estimates in each of the last four reported quarters.
The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +10.88% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $5.33, indicating a year-over-year decrease of 10.2%.
ALL’s earnings beat estimates in each of the last four reported quarters.