Q1 2026 Nasdaq Inc Earnings Call Transcript
Key Points
- Nasdaq Inc (NDAQ) reported a 13% year-over-year increase in net revenue, reaching $1.4 billion for the first quarter of 2026.
- The Financial Technology division achieved record revenue growth of 18%, driven by strong global demand for mission-critical technologies.
- Nasdaq Inc (NDAQ) experienced a 21% growth in diluted EPS, reflecting strong profitability.
- The company saw a 32% year-over-year growth in enterprise license agreements within its data business, with significant momentum in Asia and the Middle East.
- Nasdaq Inc (NDAQ) signed 64 new clients and achieved more than 50% year-over-year growth in ACV bookings in the Financial Technology division.
- Operating expenses increased by 8% year-over-year, reaching $608 million, which could impact future profitability.
- The IPO environment remains uneven amid market volatility, which could affect future listings and revenue from this segment.
- There is a mix shift in derivatives volume from higher-priced e-mini contracts to lower-priced micro e-mini contracts, impacting revenue capture.
- Corporate solutions revenue was essentially flat, driven by lower IPO activity compared to historical levels.
- Concerns about limited liquidity in the overnight session for the upcoming 23/5 trading could pose challenges for market adoption.
Good day, and thank you for standing by. Welcome to Nasdaq's first-quarter 2026 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker, Asel Garrett, Senior Vice President and Investor Relations Officer. Please go ahead.
Good morning, everyone, and thank you for joining us today to discuss Nasdaq's first-quarter 2026 financial results. On the line are Adena Friedman, our Chair and Chief Executive Officer; Sarah Youngwood, our Chief Financial Officer; and other members of the management team. After our prepared remarks, we will open the line for Q&A.
The press release and earnings presentation accompanying this call can be found on our Investor Relations website. I would like to remind you that we will be making forward-looking statements on this call that involve risks. A summary of these risks is contained in our press release and a more complete description in our annual
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