Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Nasdaq lifts medium-term revenue target for key unit on capital access platforms boost Sign up here. Here are some details: Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar February 25, 20261:22 PM UTCUpdated ago By Reuters The Nasdaq logo is seen at the Nasdaq Market in New York City, U.S., September 16, 2025. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rig ...

Data vis color order on dark background Data vis color order on light background Disclaimers In addition to disclosing results determined in accordance with U.S. GAAP, Nasdaq also discloses certain non-GAAP results of operations, including, but not limited to, non-GAAP net income attributable to Nasdaq, non-GAAP diluted earnings per share, organic or adjusted revenue growth, non-GAAP operating income, non-GAAP operating expenses, EBITDA and Free Cash Flow. These measures include certain adjustments or exclu ...

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]

Refresh[New product enhancements and a refreshed brand positions Thinkific as a leading platform for companies turning education into a scalable revenue...]### Thinkific Announces Fourth Quarter and Full Year 2024 Financial Results[Q4 2024 Revenue Increases to $17.6 Million, up 13% Y/Y Cash Flow from Operations in 2024 Grows to $7 million versus a Loss of $5.4 million in 2023...][More Releases From This Source]## Explore[Computer & Electronics][Computer Software][Computer Software][Education][News Releases ...

Pretiorates’ Thoughts 120 – The roof and beams are creaking It has been almost exactly a month since we pointed out that the inner strength of the US stock market no longer looks quite so fresh. In our Thoughts on January 21, 2026, we speculated whether rising interest rates in Japan could be the domino that would fall – or whether SCOTUS might rule US import tariffs illegal. In the end, the trigger for a correction is actually secondary. The key thing is whether you are prepared when the first domino fall ...

Core Viewpoint - FreeCast, Inc. has announced the effectiveness of its registration statement for a proposed public direct listing of its Class A common stock on the Nasdaq Global Market, with an anticipated trading start date of March 3, 2026, under the ticker symbol "CAST" [1]. Company Overview - FreeCast, Inc. is a next-generation streaming technology company that provides a comprehensive Platform-as-a-Service ecosystem for modern television and digital video distribution [1]. - The company's infrastructure supports various entities including telecom operators, ISPs, broadcasters, municipalities, utilities, brands, and device manufacturers, focusing on scalable, policy-compliant, and monetization-enabled media deployment [1]. Registration and Listing Details - The registration statement on Form S-1 has been declared effective by the SEC, allowing FreeCast to proceed with its public direct listing [1]. - The prospectus related to the registration statement can be accessed via the SEC's EDGAR database or FreeCast's investor relations page [1].

The share markets in the country opened on a cautious note on Tuesday amid fresh tensions escalating between the United States and Iran, as the two nations began indirect nuclear talks in Geneva.Rising geopolitical uncertainty and its impact on global markets weighed on investor sentiment, leading to declines in benchmark indices during the opening session.The Nifty 50 index opened at 25,637.95, declining by 44.80 points or 0.17 per cent, while the BSE Sensex opened at 83,197.67, falling by 79.48 points or ...

Regulatory Changes in US Options Exchanges - Major US equity options exchanges, led by Cboe Global Markets (CBOE) and Nasdaq (NDAQ), are shifting to a new billing methodology based on prior-month trading activity instead of real-time volume [2][3] - This change, effective from early February 2026, aims to comply with SEC Regulation NMS Rule 610(d) and improve transparency while preventing exchanges from collecting fees for trades executed on competing platforms [3] Geopolitical Developments in Latin America - Mexican President Claudia Sheinbaum has ordered a temporary halt to oil shipments to Cuba to avoid potential tariffs from the Trump administration, causing internal conflict within Mexico's ruling Morena party [4][5] - This decision is significant as Mexico has recently become Cuba's primary oil supplier, surpassing Venezuela [5] Lebanon's Financial Stabilization Efforts - Lebanon's Prime Minister Nawaf Salam is advocating for the approval of the Financial Stabilization and Depositor Recovery (FSDR) law, which aims to address a funding gap exceeding $70 billion [6][7] - The proposed law includes provisions to repay small depositors up to $100,000 over four years, while larger deposits would be converted into tradable, asset-backed securities with maturities of up to 20 years [7] Infrastructure Development in Israel - The Israeli Cabinet has approved the construction of a new international airport, Tekuma Airport, near the Gaza periphery, with an estimated cost of NIS 7 billion [8] - This project is expected to create thousands of jobs and is seen as a strategic necessity to alleviate congestion at Ben Gurion Airport [8][9] Weather-Driven Economic Trends in the US - A severe winter in the Northeast has led to increased consumer spending on luxury winter apparel and spa services, benefiting retailers like Canada Goose (GOOS) and Columbia Sportswear (COLM) [11] - In contrast, California is facing a massive winter storm that could bring up to 8 feet of snow, prompting utilities like PG&E (PCG) to prepare for potential power outages and travel disruptions [12]

Market Performance and Listings - In 2025, Nasdaq had a total of 784 new listings, including 155 operating company IPOs and 126 SPAC IPOs, with over $1,241 billion in global equity market capitalization switching to The Nasdaq Stock Market[36]. - As of December 31, 2025, a total of 5,599 companies listed securities on Nasdaq's exchanges, with 4,480 on The Nasdaq Stock Market[41]. - In 2025, Nasdaq achieved a record $24 billion in proceeds raised from U.S. operating company IPOs, marking its seventh consecutive year as the top U.S. exchange[367]. - The number of IPOs on the Nasdaq Stock Market rose to 281 in 2025, up from 180 in 2024[376]. Financial Performance - Total revenues for Nasdaq increased to $8.262 billion in 2025, reflecting an 11.6% growth compared to 2024[375]. - The Financial Technology segment total revenue reached $1,850 million in 2025, a 14.1% increase from 2024 and a 47.5% increase from 2023[382]. - Market Services segment revenue totaled $4,214 million in 2025, an 11.7% increase from 2024 and a 20.9% increase from 2023[385]. - Cash Equity Trading revenue grew to $515 million in 2025, reflecting a 19.9% increase from 2024[385]. Technology and Innovation - Nasdaq's acquisition of Adenza in 2023 allowed for the integration of its flagship solutions, AxiomSL and Calypso, under a singular strategy[26]. - Nasdaq's analytics products assist asset managers and institutional investors in making data-driven investment decisions[45]. - The company is focused on optimizing resources towards promising growth opportunities, including solutions for risk management and compliance[28]. - Nasdaq's market technology solutions are utilized by over 50 exchanges and 22 regulators, providing comprehensive surveillance and compliance capabilities[59]. Sustainability and Corporate Responsibility - Nasdaq was named a CDP A List company in 2025 for its environmental programs and transparency, maintaining an "AA" rating from MSCI, placing it in the "Leaders" category[123]. - Nasdaq's commitment to creating an inclusive work environment is reflected in its employee culture, focusing on employee experience, cultural alignment, and business integration[174]. - The company continues to enhance its portfolio of sustainability services and solutions for clients, focusing on regulatory and climate strategy needs[128]. - Nasdaq's environmental impact reduction efforts focus on energy use, workspace management, and business travel[124]. Employee Engagement and Workforce - As of December 31, 2025, Nasdaq had 9,525 full and part-time employees, including employees of non-wholly owned consolidated subsidiaries[166]. - The internal employee engagement score reached a record high rating of 81% favorable in 2025, with a 94% participation rate in the survey[169]. - The workforce voluntary attrition rate during 2025 was approximately 5.6%, nearly one percentage point lower than in 2024[169]. - Nasdaq expanded its leadership development offerings in 2025, with more than half of all managers attending the "Accelerating Manager Potential" program[170]. Market Services and Revenue Growth - Nasdaq's Index segment recorded net inflows of $99 billion in 2025, resulting in an all-time high ETP AUM of $882 billion[367]. - The number of licensed ETPs tracking Nasdaq indices grew to 451 in 2025, compared to 401 in 2024[377]. - Workflow & Insights revenues increased due to growth in analytics revenues, primarily from eVestment and Nasdaq Data Link sales[381]. - Financial Crime Management Technology revenues increased to $331 million in 2025, up 21.5% from 2024 and 22.2% from 2023, driven by higher subscription revenues[383]. Strategic Partnerships and Collaborations - Nasdaq expanded its strategic technology partnership with AWS, allowing financial institutions to deploy Nasdaq Calypso as a fully managed service, improving efficiency in real-time data processing and analytics[95]. - A new suite of solutions was introduced in partnership with AWS to empower market operators, enhancing liquidity and capital flows while maintaining high performance and security[93]. - The company is migrating its exchanges and non-exchange workloads to the cloud in partnership with AWS, expecting improved performance and increased flexibility for customers[89]. Regulatory and Compliance - Nasdaq's regulatory framework includes oversight by the SEC, with periodic examinations and potential enforcement actions[131]. - Nasdaq's broker-dealers were in compliance with applicable capital requirements as of December 31, 2025[140]. - AxiomSL covers more than 170 regulators in over 60 countries, offering risk data management and regulatory reporting solutions for banks and asset managers[57].

Core Insights - The total short interest in Nasdaq Global Market securities increased to 15,574,683,465 shares as of January 30, 2026, up from 15,349,969,813 shares on January 15, 2026, indicating a growing bearish sentiment in the market [1] - The average short interest days decreased from 2.88 days to 2.58 days during the same period, suggesting a slight improvement in liquidity [1] - In the Nasdaq Capital Market, short interest rose to 3,614,991,067 shares from 3,478,325,627 shares, with the average daily volume decreasing from 1.19 days to 1.08 days [2] - Overall, short interest across all 5,213 Nasdaq securities reached 19,189,674,532 shares, an increase from 18,828,295,440 shares, with the average daily volume declining from 2.28 days to 2.05 days [3] Company Overview - Nasdaq is a leading global technology company that provides services to corporate clients, investment managers, banks, brokers, and exchange operators, focusing on enhancing liquidity, transparency, and integrity in the global capital markets [7] - The company aims to deliver advanced platforms and services that enable clients to optimize their business strategies and navigate the financial system with confidence [7]