secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2026-07-23T11:24:25+00:00
Accession:  0001120193-26-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000112019326000011/0001120193-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000112019326000011/ndaq-20260723.htm
  HTML page:      https://secwatch.observer/filing/0001120193-26-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer