{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-092227","form_type":"8-K","ticker":"NDAQ","cik":"0001120193","company_name":"NASDAQ, INC.","filed_at":"2025-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.573499+00:00","generated_at":"2026-05-23T06:41:02.562090+00:00","sec_items":["2.02","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Nasdaq Q1 revenue $1.24B (+11% YoY), EPS $0.68 GAAP (+69%), div raised 13% to $0.27","bullets":["Net revenue $1.237B (+11% YoY, +12.5% adjusted); GAAP diluted EPS $0.68 (+69%), non-GAAP $0.79 (+24%).","Solutions revenue $947M (+9% YoY, +11% adjusted); ARR $2.83B (+8%, +9% organic); FinTech $432M (+10%).","Market Services net revenue $281M (+19%); Index revenue $193M (+14%, +26% adjusted); $86B net inflows TTM.","Quarterly dividend raised 13% to $0.27 per share, payable June 27 to holders of record June 13, 2025.","Updated 2025 non-GAAP opex guidance to $2.265-$2.325B; maintained tax rate 22.5%-24.5%; Moody's upgraded debt to Baa1."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-092227","json":"https://secwatch.observer/filing/0001193125-25-092227.json","markdown":"https://secwatch.observer/filing/0001193125-25-092227.md","text":"https://secwatch.observer/filing/0001193125-25-092227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1120193/000119312525092227/0001193125-25-092227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1120193/000119312525092227/d859494d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T06:41:02.562090+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}