We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Nasdaq Gears Up to Report Q3 Earnings: What's in the Cards?
Read MoreHide Full Article
Key Takeaways
Nasdaq's organic growth and Financial Crime Management Technology revenues are expected to boost Q3 results.
Capital Markets Technology and Capital Access Platforms gain from higher subscriptions and new listings.
Rising expenses may pressure profitability, but share buybacks are likely to boost earnings.
Nasdaq, Inc. (NDAQ - Free Report) is expected to register an improvement in both top and bottom lines when it reports third-quarter 2026 results on Oct. 22, before the opening bell.
The Zacks Consensus Estimate for NDAQ’s third-quarter revenues is pegged at $1.47 billion, indicating 11.7% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $1.02 per share. The estimate suggests a year-over-year increase of 15.9%.
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 +0.98% at present. This is because the Most Accurate Estimate of $1.03 is pegged higher than the Zacks Consensus Estimate of $1.02. 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 third-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 professional services fees are expected to have aided the Financial Crime Management Technology business.
Higher revenues from data center expansion, including a change in pricing structure, Calypso upfront license revenues and increased subscription revenues across all businesses are likely to have benefited 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.
A 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 to-be-reported quarter are anticipated to have boosted the bottom line.
Q3 Volumes
Nasdaq reported impressive volumes for the third quarter of 2026. The U.S. equity options volume increased 12.9% year over year to 1.1 billion contracts. European options and futures volume decreased 15.8% year over year to 12.8 million contracts.
Revenues per contract for the U.S. equity options decreased 25% year over year to 9 cents, while the same for European options and futures increased 20.4% to 65 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the third quarter, which grossed 157.5 billion shares, down 0.6% from the prior-year quarter’s level. European equity volume increased 21% year over year to $260 billion.
In the third quarter, there were 4,537 listed companies on the Nasdaq compared with 4,492 in the year-ago period. Total listings increased 6.1% year over year to 5,829.
Other Stocks to Consider
Here are three other 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.
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +13.87% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $2.01, indicating a year-over-year decrease of 29.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
CINF’s earnings beat estimates in three of the last four reported quarters and missed in one.
Cboe Global Markets, Inc. (CBOE - Free Report) has an Earnings ESP of +0.94% and carries a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $3.41, indicating a year-over-year increase of 27.72%.
CBOE’s earnings beat estimates in each of the last four reported quarters.
Arch Capital Group Ltd. (ACGL - Free Report) has an Earnings ESP of +11.70% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $2.05, indicating a year-over-year decrease of 25.9%.
ACGL’s earnings beat estimates in each of the last four reported quarters.
View the Zacks #1 Rank List
Image: Bigstock
Nasdaq Gears Up to Report Q3 Earnings: What's in the Cards?
Key Takeaways
Nasdaq, Inc. (NDAQ - Free Report) is expected to register an improvement in both top and bottom lines when it reports third-quarter 2026 results on Oct. 22, before the opening bell.
The Zacks Consensus Estimate for NDAQ’s third-quarter revenues is pegged at $1.47 billion, indicating 11.7% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $1.02 per share. The estimate suggests a year-over-year increase of 15.9%.
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 +0.98% at present. This is because the Most Accurate Estimate of $1.03 is pegged higher than the Zacks Consensus Estimate of $1.02. 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 third-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 professional services fees are expected to have aided the Financial Crime Management Technology business.
Higher revenues from data center expansion, including a change in pricing structure, Calypso upfront license revenues and increased subscription revenues across all businesses are likely to have benefited 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.
A 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 to-be-reported quarter are anticipated to have boosted the bottom line.
Q3 Volumes
Nasdaq reported impressive volumes for the third quarter of 2026. The U.S. equity options volume increased 12.9% year over year to 1.1 billion contracts. European options and futures volume decreased 15.8% year over year to 12.8 million contracts.
Revenues per contract for the U.S. equity options decreased 25% year over year to 9 cents, while the same for European options and futures increased 20.4% to 65 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the third quarter, which grossed 157.5 billion shares, down 0.6% from the prior-year quarter’s level. European equity volume increased 21% year over year to $260 billion.
In the third quarter, there were 4,537 listed companies on the Nasdaq compared with 4,492 in the year-ago period. Total listings increased 6.1% year over year to 5,829.
Other Stocks to Consider
Here are three other 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.
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +13.87% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $2.01, indicating a year-over-year decrease of 29.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.
CINF’s earnings beat estimates in three of the last four reported quarters and missed in one.
Cboe Global Markets, Inc. (CBOE - Free Report) has an Earnings ESP of +0.94% and carries a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $3.41, indicating a year-over-year increase of 27.72%.
CBOE’s earnings beat estimates in each of the last four reported quarters.
Arch Capital Group Ltd. (ACGL - Free Report) has an Earnings ESP of +11.70% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $2.05, indicating a year-over-year decrease of 25.9%.
ACGL’s earnings beat estimates in each of the last four reported quarters.