# Nasdaq Q3 Non-GAAP EPS Beats Estimates as Capital Access Platforms Revenue Grows 20%

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/38449
Published: 2026-10-22T23:13:00.000Z
Updated: 2026-10-22T23:13:00.000Z
Section: Business

> Net revenue reached $1.481 billion, up 13% year over year, while Index revenue increased 39%.

Nasdaq, Inc. posted $1.04 in non-GAAP diluted earnings per share for the third quarter, above the $1.03 mean and $1.02 median analyst estimates. The quarter ended Sept. 30. GAAP diluted earnings were $0.96 per share, up 31% from a year earlier, while non-GAAP earnings per share increased 18%.

Net revenue was $1.481 billion, up 13% from $1.315 billion a year earlier. Organic net revenue growth was 14%. Nasdaq defines net revenue as revenue less transaction-based expenses.

Capital Access Platforms revenue climbed 20% to $641 million from $534 million a year earlier. Index revenue rose 39% to $286 million. Data and Listing Services generated $224 million, and Workflow and Insights brought in $131 million.

Products linked to Nasdaq indexes drew net inflows of $49 billion in the quarter and $141 billion in the 12 months ended Sept. 30. Period-end assets tracking those indexes totaled $1.160 trillion.

Financial Technology revenue increased 16% to $529 million, while Market Services net revenue rose 2% to $309 million. Non-GAAP operating expenses were $638 million, up 9% year over year.