---
schema_version: "secwatch.filing_event.v1"
accession: "0001120193-26-000011"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2026-07-23T11:24:25+00:00"
generated_at: "2026-07-23T11:25:08.720368+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Nasdaq Q2 net revenue $1.5B (+15% YoY); non-GAAP EPS $1.07 (+25%); raises expense guidance

## Summary
- GAAP diluted EPS $0.89 (+14% YoY); non-GAAP diluted EPS $1.07 (+25% YoY).
- Solutions revenue $1.16B (+17% YoY); Index revenue $271M (+38% YoY); ARR $3.26B (+11% YoY).
- Updated 2026 non-GAAP operating expense guidance to $2.53B-$2.57B; tax rate guidance unchanged 22.5%-24.5%.
- Returned $174M in dividends and $356M in share repurchases in Q2; quarterly dividend declared at $0.31/share.
- Listed SpaceX (largest IPO in exchange history); Index ETP AUM surpassed $1 trillion.

## SEC filing metadata
- accession: 0001120193-26-000011
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2026-07-23T11:24:25+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000112019326000011/0001120193-26-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000112019326000011/ndaq-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001120193-26-000011
- JSON: https://secwatch.observer/filing/0001120193-26-000011.json
- Plain text: https://secwatch.observer/filing/0001120193-26-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.