Nasdaq (NASDAQ:NDAQ) Releases Earnings Results, Beats Estimates By $0.09 EPS

Nasdaq (NASDAQ:NDAQ) released its quarterly earnings data on Thursday. The financial services provider reported $1.07 EPS for the quarter, topping the consensus estimate of $0.98 by $0.09, FiscalAI reports. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $1.46 billion. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share.

Here are the key takeaways from Nasdaq’s conference call:

• Nasdaq reported a strong second quarter with net revenue up 15%, solutions revenue up 17%, and diluted EPS up 25% to $1.07, while operating and EBITDA margins both expanded by two points.
• The company highlighted major milestones in its growth businesses, including index AUM surpassing $1 trillion, record quarterly inflows of $51 billion, and Verafin crossing $13 trillion in combined assets across more than 2,800 financial institutions.
• Capital Access Platforms benefited from a very strong listings environment, led by the SpaceX IPO and other marquee deals, while Nasdaq said the U.S. listings franchise had its strongest first half ever with $111 billion in operating company proceeds raised.
• Financial Technology continued to post robust momentum, with 15% revenue growth and 16% ARR growth; management pointed to strong demand in Verafin, regulatory tech, and capital markets tech, plus growing adoption of its AI-driven tools.
• Management is leaning into AI, tokenization, always-on markets, and 24/7 trading as long-term opportunities, but it also warned that these areas are still early and may require significant regulatory and infrastructure changes before they materially scale.

Nasdaq Stock Performance

Shares of Nasdaq stock traded up $1.15 on Thursday, hitting $92.05. 1,243,815 shares of the company’s stock were exchanged, compared to its average volume of 4,069,822. The company has a 50-day simple moving average of $87.42 and a 200-day simple moving average of $88.54. The stock has a market capitalization of $52.06 billion, a PE ratio of 27.70, a PEG ratio of 1.44 and a beta of 0.99. Nasdaq has a 1 year low of $76.55 and a 1 year high of $101.79. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.00 and a current ratio of 1.00.

Wall Street Analysts Forecast Growth

NDAQ has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Nasdaq in a report on Monday. Rothschild & Co Redburn set a $110.00 target price on shares of Nasdaq in a research note on Thursday, June 11th. Morgan Stanley reduced their price target on shares of Nasdaq from $116.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, July 10th. Loop Capital set a $113.00 price target on shares of Nasdaq in a research note on Friday, April 24th. Finally, Raymond James Financial restated an “outperform” rating and issued a $113.00 price objective (up from $111.00) on shares of Nasdaq in a report on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $108.00.

Insider Buying and Selling

In other Nasdaq news, EVP Bradley J. Peterson sold 7,710 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $90.82, for a total value of $700,222.20. Following the completion of the transaction, the executive vice president directly owned 141,035 shares in the company, valued at $12,808,798.70. This represents a 5.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michelle Lynn Daly sold 1,323 shares of Nasdaq stock in a transaction on Friday, April 24th. The shares were sold at an average price of $88.82, for a total transaction of $117,508.86. Following the transaction, the senior vice president owned 10,089 shares in the company, valued at approximately $896,104.98. This trade represents a 11.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 24,551 shares of company stock worth $2,225,990 over the last ninety days. 0.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Nasdaq

Hedge funds have recently made changes to their positions in the business. Uniplan Investment Counsel Inc. bought a new position in Nasdaq in the 4th quarter worth approximately $35,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Nasdaq in the fourth quarter worth approximately $44,000. Geneos Wealth Management Inc. boosted its holdings in Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 463 shares during the period. Safe Harbor Fiduciary LLC purchased a new stake in shares of Nasdaq during the fourth quarter valued at $56,000. Finally, Wiser Advisor Group LLC purchased a new stake in shares of Nasdaq in the third quarter valued at approximately $58,000. Institutional investors own 72.47% of the company’s stock.

About Nasdaq

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.