Q2 2026 Nasdaq Inc Earnings Call Transcript
Key Points
- Nasdaq Inc (NDAQ) achieved a record $1 trillion in assets under management in its Index business for the first time.
- The company reported a 15% increase in net revenue and a 17% rise in solutions revenue, showcasing strong financial performance.
- Nasdaq Verafin experienced significant growth, with $13 trillion in combined assets across over 2,800 financial institutions.
- The company welcomed SpaceX, marking the largest IPO in history, and became the largest exchange by market capitalization of listed companies.
- Nasdaq Inc (NDAQ) demonstrated strong growth in its Financial Technology division, with a 15% revenue increase and 16% ARR growth.
- Operating expenses increased by 10%, driven by higher employee compensation and marketing expenses.
- The company faces challenges in expanding its Verafin business outside the US due to slow sales cycles in new jurisdictions.
- Nasdaq Inc (NDAQ) anticipates tougher expense comparisons in the upcoming quarter due to a $5 million regulatory fine collected in the prior year.
- The company is experiencing a mix shift in derivatives volumes from higher-priced E-mini contracts to lower-priced Micro E-mini contracts, impacting revenue.
- There is a potential risk of minimal crossover revenue from perpetual style derivatives if US regulatory approval expands to equity products.
Good day. Thank you for standing by. Welcome to Nasdaq's second-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, Ato 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 second-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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