Nasdaq Beats Q4 Earnings & Revenue Estimates, Tweaks Expense View

Key Takeaways NDAQ posted Q4 2025 adjusted EPS of 96 cents, up 26.3% year over year, as net revenues rose 13%. Nasdaq Market Services revenues jump 16% on record U.S. equity volumes, with index options revenues doubling. NDAQ Solutions revenues rose 13% as ARR grew 10%, SaaS hit 38% of ARR, and operating margin expanded to 56%. Nasdaq, Inc. (NDAQ) reported fourth-quarter 2025 adjusted earnings per share of 96 cents, beating the Zacks Consensus Estimate by 5.5%. The bottom line improved 26.3% year over year. ...