Nasdaq, Inc. Q1 2026 Earnings Call Summary

Moby Intelligence

Thu, April 23, 2026 astatine 11:52 AM CDT 3 min read

• Achieved the highest Q1 integrated maturation since 2021, fueled by grounds gross successful the Financial Technology part and beardown solutions performance.

• Performance was driven by a 'land and expand' strategy, resulting successful implicit 50% year-over-year maturation successful Annual Contract Value (ACV) bookings.

• Management attributes maturation to the relation of 'trusted translation partner,' helping clients modernize halfway infrastructure amid geopolitical and economical complexity.

• Financial Technology maturation was bolstered by a displacement toward cloud-based solutions, which accounted for 80% of caller ACV bookings during the quarter.

• Market Services benefited from grounds U.S. equity and options volumes, though gross seizure was impacted by a premix displacement toward lower-priced bid flow.

• The Index franchise reached grounds mean AUM of $877 billion, supported by merchandise innovation wherever 46% of inflows came from products launched successful the past 5 years.

• Projected motorboat of 23/5 always-on marketplace operations connected December 6, 2026, aiming to seizure planetary request for U.S. equities during non-U.S. hours.

• Expects to execute $100 cardinal successful disbursal efficiencies by the extremity of 2027 done 'AI connected the business' initiatives, with the bulk of interaction realized successful 2027.

• Updated 2026 non-GAAP disbursal guidance to $2.485 billion–$2.545 cardinal to bespeak higher compensation costs associated with beardown gross performance.

• Anticipates continued momentum successful the IPO pipeline arsenic marketplace volatility stabilizes, pursuing a beardown commencement to Q2 with large biotech listings.

• Plans to present the Nasdaq equity token plan successful the archetypal fractional of 2027 to springiness issuers greater power implicit stock practice and ownership rights.

• Capital Markets Technology gross included a 4 percent constituent boost from one-time termination fees related to M&A enactment among marketplace operators.

• Index gross was partially offset by a premix displacement successful derivative volumes from higher-priced mini contracts to lower-priced micro contracts.

• Management noted a 'muted' firm buying situation for Corporate Solutions owed to humanities IPO levels remaining little than highest periods.

• Accelerated stock repurchases successful Q1, totaling $548 million, to instrumentality vantage of marketplace volatility.

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