Nasdaq Raises Medium‑Term Revenue Outlook and Outlines Strategy for Its Next Phase of Scalable Growth at 2026 Investor Day

Core Insights - Nasdaq is hosting its Investor Day to outline its growth strategy and engage with investors [1] - The company has raised its medium-term Solutions revenue outlook from 8-11% to 9-12%, driven by strong performance in Capital Access Platforms and Financial Technology divisions [2][5] - Nasdaq is committed to enhancing its AI capabilities and has set a target for an AI productivity program aimed at achieving $100 million in expense efficiency by 2027 [5][8] Financial Outlook - The medium-term financial outlook includes a stable market backdrop and reaffirms the 2026 non-GAAP operating expense guidance of $2.455 billion to $2.535 billion [7] - Capital Access Platforms revenue growth is now projected at 6-10%, up from 5-8%, while Financial Technology revenue growth is expected to be 10-14% [12] Strategic Priorities - Nasdaq aims to expand its client and geographic reach, particularly in its Listings and Index businesses, which have significant growth potential [4] - The company is focusing on AI-enabled innovation to enhance client outcomes and operational efficiency [4][6] - Nasdaq plans to modernize market infrastructure with initiatives like Always-On markets and the tokenization of equities, pending regulatory approval [4]