Nasdaq Exceeds Q2 Earnings Expectations with Strong Performance Across Core Businesses
Nasdaq reported second-quarter results that exceeded expectations, driven by strong growth in its index business and technology services. The company's adjusted earnings per share came to $1.07, surpassing the estimated $0.97, while revenue rose 15% year-over-year to $1.5 billion. This outperformed forecasts of $1.43 billion. The Solutions segment saw a significant increase in revenue due to strong performances across all major business lines. Index revenue climbed by 38%, and assets under management for exchange-traded products linked to Nasdaq indexes surpassed the $1 trillion mark for the first time. The Financial Technology division also experienced growth, with an increase of 16%. Nasdaq highlighted record milestones during the quarter, including hosting SpaceX's IPO—the largest in its history—which raised $86 billion and captured a significant portion of new operating company listings.
Tickers: $NDAQ