secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2026-10-22T11:26:37+00:00
Accession:  0001120193-26-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Nasdaq Q3 2026 revenue rises 13% to $1.48B; GAAP EPS $0.96, non-GAAP $1.04; dividend held at $0.31
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- Net revenue $1.481B, up 13% YoY (14% organic); Solutions revenue $1.172B, up 17%, Market Services $309M, up 2%.
- GAAP diluted EPS $0.96, up 31%; non-GAAP diluted EPS $1.04, up 18%; GAAP operating income $732M, up 25%; non-GAAP operating income $843M, up 15%.
- ARR $3.365B, up 12% (14% organic); Index revenue $286M, up 39%; record $141B trailing-twelve-month net inflows, including $49B in Q3; ETP AUM $1.160T.
- 2026 non-GAAP operating expense guidance updated to $2.550B-$2.580B; non-GAAP tax rate maintained at 22.5%-24.5%; returned $173M via dividends and $323M via buybacks in Q3.
- Declared quarterly dividend of $0.31/share, payable Dec. 18, 2026 to holders of record Dec. 4; LeveL Markets acquisition closed early Q4 within new Digital Liquidity Networks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000112019326000017/0001120193-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000112019326000017/ndaq-20261022.htm
  HTML page:      https://secwatch.observer/filing/0001120193-26-000017

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