Nasdaq 10-Q Details Q3 Beat: Revenue $1.48B, EPS $0.96, $1.2B Buybacks
NDAQ sits 33% above its 52-week low of $76.55.
Summary
Nasdaq's Q3 2026 10-Q confirms 12.6% net revenue growth to $1.48 billion and 31% diluted EPS growth to $0.96, alongside $1.23 billion of buybacks and a new $385 million accelerated repurchase.
Key Events · Earnings and Guidance · NDAQ
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Q3 Revenue and EPS Accelerate
Revenues less transaction-based expenses rose 12.6% to $1,481 million from $1,315 million, and diluted EPS rose 31.3% to $0.96 from $0.73.
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Segment Mix Favors Data and Fintech
Capital Access Platforms revenue grew 20.2% to $641 million and Financial Technology 15.8% to $529 million, while Market Services net revenue rose just 1.9% to $309 million.
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Heavy Capital Return Continues
13,960,673 shares were repurchased for $1,226 million at an $87.82 average in the nine months, leaving $2.2 billion authorized; a new $385 million ASR was struck in October 2026.
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Kraken Parent Investment and Deals
Nasdaq bought $100 million of Payward, Inc. (Kraken's parent) Series E preferred stock in September 2026 and closed the LeveL Markets and Dasseti acquisitions.
Analysis · NDAQ · Crypto Assets
Full numbers behind this morning's earnings release are now in the 10-Q: revenue less transaction-based expenses rose 12.6% to $1.48 billion, diluted EPS climbed 31% to $0.96, and operating income was up 24.9% to $732 million. Capital Access Platforms (+20.2%) and Financial Technology (+15.8%) did the heavy lifting, while Market Services net revenue grew only 1.9%. The company returned $1.23 billion through 13.96 million share repurchases at an $87.82 average and paid $500 million in dividends, and it has already committed another $385 million accelerated buyback in October. Two items carry forward-looking weight: a $100 million preferred investment in Payward (Kraken's parent) and a new 10b5-1 plan under which CEO Adena Friedman may sell up to 100,000 shares starting January 4, 2027 — a pre-scheduled diversification plan, not an open-market sale today.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1529 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.43%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NDAQ was trading at $102.10 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $57.1B. The 52-week trading range was $76.55 to $103.11. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.