Back to top

Image: Bigstock

Nasdaq (NDAQ) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Read MoreHide Full Article

Nasdaq (NDAQ - Free Report) reported $1.5 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 14.9%. EPS of $1.07 for the same period compares to $0.85 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.44 billion, representing a surprise of +3.87%. The company delivered an EPS surprise of +9.18%, with the consensus EPS estimate being $0.98.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Nasdaq performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Cash Equity Trading - Total matched market share executed on Nasdaq?s exchanges: 14.7% versus the five-analyst average estimate of 14.7%.
  • Equity Derivative Trading and Clearing - Total matched market share executed on Nasdaq?s exchanges: 29.1% versus 28.6% estimated by five analysts on average.
  • Equity Derivative Trading and Clearing - Total industry average daily volume: 66.5 million versus 66.51 million estimated by three analysts on average.
  • Cash Equity Trading - Total industry average daily share volume: 20.2 billion versus 19.97 billion estimated by three analysts on average.
  • Net Revenues- Financial Technology: $539 million compared to the $525.09 million average estimate based on five analysts. The reported number represents a change of +16.2% year over year.
  • Net Revenues- Total Market Services, net: $340 million compared to the $333.3 million average estimate based on five analysts. The reported number represents a change of +11.1% year over year.
  • Net Revenues- Capital Access Platforms: $621 million versus $588.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +17.8% change.
  • Net Revenues- Financial Technology- Financial Crime Management Technology: $98 million versus $96.55 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +21% change.
  • Net Revenues- Financial Technology- Regulatory Technology: $120 million versus the four-analyst average estimate of $118.25 million. The reported number represents a year-over-year change of +15.4%.
  • Net Revenues- Total Market Services, net- U.S. Equity Derivatives Trading: $123 million versus the four-analyst average estimate of $121.41 million. The reported number represents a year-over-year change of +7.9%.
  • Net Revenues- Total Market Services, net- Cash Equity Trading (U.S. & European): $160 million compared to the $159.91 million average estimate based on four analysts. The reported number represents a change of +18.5% year over year.
  • Net Revenues- Total Market Services, net- U.S. Tape Plans: $33 million versus the four-analyst average estimate of $33.92 million. The reported number represents a year-over-year change of -10.8%.

View all Key Company Metrics for Nasdaq here>>>

Shares of Nasdaq have returned +11.4% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Published in