Financial Highlights - Nasdaq's net revenue reached $1315 million, a 15% year-over-year increase, or 11% on an adjusted basis[17] - Solutions revenue surpassed $1 billion, marking a 15% year-over-year increase, or 10% on an adjusted basis, reaching $1003 million[16, 17] - Non-GAAP operating income increased by 15% year-over-year to $732 million, with a non-GAAP operating margin of 56%, up 2 percentage points[17] - Non-GAAP diluted EPS grew by 19% year-over-year to $088[17] - Annual Recurring Revenue (ARR) increased by 10% year-over-year to $3007 million, with annualized SaaS revenues growing by 12% to $1132 million[17] Segment Performance - Capital Access Platforms revenue totaled $546 million, reflecting an 8% adjusted year-over-year increase, driven by Data and Listing Services ($204 million, +6%), Index ($206 million, +13%), and Workflow and Insights ($136 million, +5%)[58] - Financial Technology revenue reached $457 million, a 13% adjusted year-over-year increase, with Financial Crime Management Technology growing by 22% to $84 million, Regulatory Technology by 9% to $109 million, and Capital Markets Technology by 12% to $264 million[67] - Market Services net revenue increased by 13% year-over-year to $303 million, driven by U S equity derivatives ($124 million, +16%) and U S cash equities ($99 million, +21%)[75] Key Metrics and Achievements - Index Exchange Traded Products (ETP) Assets Under Management (AUM) increased by $229 billion year-over-year to $829 billion[21] - Net inflows into Index ETP AUM reached a record $91 billion over the trailing twelve months, including $17 billion in 3Q25[13] - Nasdaq maintained the number one market share in multi-listed U S options at 28%[28]

Financial Highlights - Nasdaq's net revenue reached $1.237 billion, an increase of 11% year-over-year[18] - Solutions revenue grew to $947 million, representing a 9% increase year-over-year[18] - Operating income increased by 15% year-over-year to $682 million[18] - Diluted EPS increased by 24% year-over-year to $0.79[18] - Annualized Recurring Revenue (ARR) increased by 8% year-over-year to $2.831 billion[18] - Annualized SaaS revenue increased by 14% year-over-year to $1.061 billion[18] Segment Performance - Capital Access Platforms revenue increased by 11% adjusted year-over-year, with Index revenue up by 26% and Data & Listing revenue up by 4%[40] - Financial Technology revenue increased by 10% adjusted year-over-year, driven by a 21% increase in Financial Crime Management Technology revenue[40] - Market Services revenue increased by 19% adjusted year-over-year, driven by record volumes in U.S cash equities and derivatives[40] Operational Highlights - Index average ETP AUM increased year-over-year to $662 billion[24] - Nasdaq listed 45 operating companies, raising nearly $5 billion in proceeds[13]