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NDAQ
FY2026 Q2
개선
Nasdaq, Inc. 실적 발표
Buzzberg 분석
Welcomed SpaceX, the largest IPO in history
Nasdaq reported a blow-out Q2 2026 with record revenue, EPS above $1 for the first time, and strong growth across all divisions. Management highlighted historic IPO wins (SpaceX), Verafin's accelerating enterprise traction, and AI-driven product adoption. The tone was highly confident, with expense guidance raised due to revenue-linked costs, but no explicit revenue guidance was given. Net revenue $1.5B (+15%), solutions revenue $1.2B (+17%), EPS $1.07 (+25%).
Buzzberg 분석 Welcomed SpaceX, the largest IPO in history Nasdaq reported a blow-out Q2 2026 with record revenue, EPS above $1 for the first time, and strong growth across all divisions. Management highlighted historic IPO wins (SpaceX), Verafin's accelerating enterprise traction, and AI-driven product adoption. The tone was highly confident, with expense guidance raised due to revenue-linked costs, but no explicit revenue guidance was given. Net revenue $1.5B (+15%), solutions revenue $1.2B (+17%), EPS $1.07 (+25%). 전체 분석 보기분석 접기
Nasdaq reported a blow-out Q2 2026 with record revenue, EPS above $1 for the first time, and strong growth across all divisions. Management highlighted historic IPO wins (SpaceX), Verafin's accelerating enterprise traction, and AI-driven product adoption. The tone was highly confident, with expense guidance raised due to revenue-linked costs, but no explicit revenue guidance was given. Net revenue $1.5B (+15%), solutions revenue $1.2B (+17%), EPS $1.07 (+25%).
- Index AUM surpassed $1 trillion for the first time; record net inflows of $51B in the quarter.
- Verafin signed 11 enterprise deals year-to-date, exceeding full-year 2025 total; new agentic AI workers in beta.
- Market Services set records during triple witching and Russell reconstitution.
SOLUTIONS 매출$1.2B보고값
매출$2.532B+18% 전분기 대비
주당순이익(EPS)$1.07+11% 전분기 대비
매출총이익률59.2%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Demand
Assets under management surpassed $1 trillion
Demand
Record net inflows of $51 billion in the quarter
핵심 내용 3개 더 보기
AI
Verifin agentic AI workforce used by 750 clients
Risk
Minimal revenue crossover from perpetual derivatives
Capital return
Repurchased $903 million in first half 2026
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| SOLUTIONS 매출 | $1.2B | 보고값 |
| 매출 | $2.532B | +18% 전분기 대비 |
| 주당순이익(EPS) | $1.07 | +11% 전분기 대비 |
| 매출총이익률 | 59.2% | 보고값 |
| 영업이익률 | 34.64% | 보고값 |
| 잉여현금흐름 | $0.634B | +1% 전분기 대비 |
AI, 자본지출 및 수요 분석
경영진 분석
confident
Management expressed strong confidence driven by historic milestones, double-digit revenue growth across divisions, and robust execution, with no notable shift from prior calls.
경영진의 AI 분석
Management noted that AI adoption is accelerating interest in data solutions and driving new bookings, with over a quarter of new bookings associated with AI use cases. They are in early innings of monetizing AI capabilities, with 750 clients using the generative AI workforce and agentic workers in beta.
아래에 언급된 기업 5개 모두 표시
기업발표 이후 수익률
파트너
파트너
Adena Friedman
Nasdaq expanded its index licensing relationship with BlackRock, but no incremental signal about BlackRock's own business trajectory.
근거
“launches of BlackRock's IQQ and State Street's QNDX ETFs in the United States”
파트너
Adena Friedman
Nasdaq deepened its index licensing partnership with Invesco through a Japan cross-listing, indicating continued demand for QQQ products.
근거
“growing long-standing relationship with Invesco, expanding global investor access to QQQ ETFs, which we cross-listed in Japan”
파트너
Adena Friedman
Management proactively addressed perpetual-style derivatives, estimating that even in an extreme approval scenario, crossover to existing Nasdaq products would be less than 1% of total revenue, and emphasized their view that such innovations would create incremental fintech opportunities rather than cannibalize current business. — Nasdaq is signaling that perpetuals are not a threat to its existing derivatives revenue, but could open new technology and index-licensing revenue streams, potentially pressuring CME and ICE to adapt.
근거
“Those are conversations that we would have with our partner CME and others to consider as we move forward”
공급망
공급망
Sarah Youngwood
Management proactively addressed perpetual-style derivatives, estimating that even in an extreme approval scenario, crossover to existing Nasdaq products would be less than 1% of total revenue, and emphasized their view that such innovations would create incremental fintech opportunities rather than cannibalize current business. — Nasdaq is signaling that perpetuals are not a threat to its existing derivatives revenue, but could open new technology and index-licensing revenue streams, potentially pressuring CME and ICE to adapt.
근거
“Even in an extreme case, we would still expect minimal crossovers representing less than 1% of our total revenue. Over time, however, such innovations, to the extent they are durable, can create opportunities for us as they expand market”
외부 신호
공급망 알파 · 1발표 이후 수익률
Management proactively addressed perpetual-style derivatives, estimating that even in an extreme approval scenario, crossover to existing Nasdaq products would be less than 1% of total revenue, and emphasized their view that such innovations would create incremental fintech opportunities rather than cannibalize current business.
근거
“Even in an extreme case, we would still expect minimal crossovers representing less than 1% of our total revenue. Over time, however, such innovations, to the extent they are durable, can create opportunities for us as they expand market a…”
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 5개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.