Nasdaq, Inc. (NDAQ) Earnings Call Transcripts
Nasdaq, Inc.'s Latest Earnings Call - September 14, 2026
In the Q3 2026 earnings call, Nasdaq, Inc. (NDAQ:US) reported robust financial performance, with revenue growth driven by a strong IPO market and fintech initiatives. The company achieved $111 billion in IPO capital raised in the first half of the year, marking its best performance to date. Management maintained a positive outlook, highlighting a 15% revenue growth in fintech and a 73% win rate in IPOs, signaling strong future potential. No changes to guidance were noted, but management emphasized ongoing investments in AI and digital capabilities.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $111B (positive) |
| Fintech Revenue Growth | 15% (positive) |
| IPO Win Rate | 73% (positive) |
| ETP AUM | $1T (positive) |
| Inflows from New Products | $109B (positive) |
| Net Retention Rate | above 110% (positive) |
Guidance from management
Management maintained its guidance, highlighting continued investment in AI and digital capabilities to drive future growth without providing specific numerical updates.
What management said
Yes. So the cross-sell metric that we have been sharing is that over 15% of our FinTech pipeline is indeed cross-sell. And we are very much seeing that our [indiscernible]. We are elevating within the financial institutions where we are, where we have C-suite relationships, which are covered by our management committee in general. And so where those remain separate solutions, we have a real cross-sell motion that is ...
What analysts pressed on
Analysts expressed concerns regarding the sustainability of the current IPO momentum and the potential impact of macroeconomic factors on future capital markets activity. Additionally, there were questions about the scalability of fintech solutions amid increasing competition.
Main topics on the call
- Strong IPO Market — Management highlighted a 'robust IPO environment' with a record $111 billion raised in the first half of 2026, including significant contributions from major companies like SpaceX. The diverse pipeline includes sectors s...
- Fintech Revenue Growth — Nasdaq reported a 15% revenue growth and 16% ARR growth in its fintech segment, driven by strong engagement with clients. Management stated, 'we are viewed as a core infrastructure for them,' indicating a solid positioni...
- Market Services Initiatives — The company is advancing its Market Services with initiatives like the Digital Liquidity Networks and the Level Markets acquisition. These efforts aim to enhance liquidity and trading efficiency, positioning Nasdaq as a ...
- Index Business Performance — Nasdaq's index business has seen significant success, with ETP AUM surpassing $1 trillion and $109 billion in inflows over the past year. Management noted that 38% of these inflows came from products launched in the last...
Read the full Nasdaq, Inc. transcript (September 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Nasdaq, Inc.
Nasdaq, Inc. (NDAQ) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 92 calls on record spanning January 29, 2020 to September 14, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 92 Nasdaq, Inc. earnings call transcripts on record, spanning January 29, 2020 to September 14, 2026. Based on this history, Nasdaq, Inc. reports quarterly. The most recent call on file is dated September 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- NDAQ
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 92
- First call
- January 29, 2020
- Most recent
- September 14, 2026
- Reporting cadence
- quarterly