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NDAQ
FY2026 Q1
Улучшается
Отчётный звонок Nasdaq, Inc.
Вывод Buzzberg
Q1 ACV bookings grow over 50% year-over-year in FinTech
Nasdaq reported a strong Q1 2026 with 13% net revenue growth, record fintech revenue (+18%), and raised expense guidance due to outperformance. Management highlighted robust demand across all divisions, particularly in financial crime management and capital markets tech, and pointed to tailwinds from always-on markets, tokenization, and AI adoption. Cross-company signals include new partnerships with BlackRock, State Street, FIS, and Databricks, and accelerating cloud migration among bank clients. Net revenue $1.4B (+13% YoY), diluted EPS $0.96 (+21%).
Вывод Buzzberg Q1 ACV bookings grow over 50% year-over-year in FinTech Nasdaq reported a strong Q1 2026 with 13% net revenue growth, record fintech revenue (+18%), and raised expense guidance due to outperformance. Management highlighted robust demand across all divisions, particularly in financial crime management and capital markets tech, and pointed to tailwinds from always-on markets, tokenization, and AI adoption. Cross-company signals include new partnerships with BlackRock, State Street, FIS, and Databricks, and accelerating cloud migration among bank clients. Net revenue $1.4B (+13% YoY), diluted EPS $0.96 (+21%). Читать полный анализСвернуть анализ
Nasdaq reported a strong Q1 2026 with 13% net revenue growth, record fintech revenue (+18%), and raised expense guidance due to outperformance. Management highlighted robust demand across all divisions, particularly in financial crime management and capital markets tech, and pointed to tailwinds from always-on markets, tokenization, and AI adoption. Cross-company signals include new partnerships with BlackRock, State Street, FIS, and Databricks, and accelerating cloud migration among bank clients. Net revenue $1.4B (+13% YoY), diluted EPS $0.96 (+21%).
- Fintech revenue record, ACV bookings >50% growth, 80% cloud-based.
- Verifin revenue +21%, signed 58 new SMB clients; enterprise pipeline strong.
- Index ETP AUM record $877B, early Q2 inflows $15B after a muted Q1.
Выручка$2.137B+3% к/к
EPS$0.96+0% к/к
Валовая маржа65.84%Факт
Операционная маржа30.74%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
AI
Agentic AI workforce deployed by 500+ clients
Flows
Nasdaq 100 inflows accelerated to $15 billion in early April
Показать ещё 3 тезиса
Product
Expanded Nasdaq 100 licensing partnerships with BlackRock and State Street
Regulatory
23.5 trading launch set for December 6, 2026
Capital Return
Share repurchases accelerated to $548 million in Q1
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $2.137B | +3% к/к |
| EPS | $0.96 | +0% к/к |
| Валовая маржа | 65.84% | Факт |
| Операционная маржа | 30.74% | Факт |
| Свободный денежный поток | $0.629B | +17% к/к |
| Капзатраты | $0.06B | Факт |
AI, капзатраты и спрос
Оценка менеджмента
Confident
Management highlighted record revenue growth, strong bookings, and positive forward momentum across divisions, expressing confidence in long-term strategic positioning.
Оценка AI от менеджмента
Management emphasized strong AI-driven demand across products, with AI-ready data adopted by asset managers representing over $9 trillion in AUM and 74% of IR Insight users and 51% of BoardVantage users leveraging AI solutions. They also highlighted the agentic AI workforce deployed by 500+ clients and internal AI-driven efficiency targets of $100 million by 2027.
Инвестиции и мощности
Nasdaq expanded its data center footprint two years ago and is investing in liquid cooling and other innovations to support clients' trading strategies. No explicit capex guidance was provided, but the tone suggests continued infrastructure investment to support growth areas like 23.5 trading and tokenization.
все упомянутые компании ниже: 8
Компаниис момента звонка
Партнёры
Партнёры
Adena Friedman
FIS integrates Nasdaq's Verifin anti-fraud tools into its client base, enhancing FIS's compliance offering.
Доказательства
“Our recently announced partnership with FIS expands our ability to deliver leading AML and fraud solutions to FIS's banking and payments clients.”
Партнёры
Sarah Youngwood
Nasdaq's index revenue is affected by mix shift from CME's e-mini to micro e-mini contracts, relevant to CME's volume composition.
Доказательства
“the volume in futures was actually good, and then there is a second, but it's a smaller driver, which is a little bit of a continuous mixed shift”
DATABRICKS
Партнёры
Adena Friedman
Databricks gains distribution to Nasdaq's institutional investor data, strengthening its position as a data analytics platform for asset managers.
Доказательства
“we integrated our data with Databricks to broaden entitled access to investments, comprehensive institutional investor data.”
Партнёры
Adena Friedman
Early Q2 ETP inflows for Nasdaq 100 ETFs reached $15 billion as of April 20, rebounding from a weak Q1, driven by institutional and international adoption. — Robust ETF issuance for Nasdaq 100 boosts AUM and fee revenue for BlackRock, State Street, and Invesco as they launch new products.
Доказательства
“we continue to work closely with our longstanding partner, Invesco.”
Партнёры
Adena Friedman
Early Q2 ETP inflows for Nasdaq 100 ETFs reached $15 billion as of April 20, rebounding from a weak Q1, driven by institutional and international adoption. — Robust ETF issuance for Nasdaq 100 boosts AUM and fee revenue for BlackRock, State Street, and Invesco as they launch new products.
Доказательства
“we will expand access to the NASDAQ 100 later in the spring with two new carefully selected partners, BlackRock and State Street”
Партнёры
Adena Friedman
Nasdaq's fintech ACV bookings grew >50% YoY, with 80% cloud-based, signaling accelerating client migration to cloud infrastructure for mission-critical solutions. — Cloud hyperscalers (AWS, Azure) benefit as Nasdaq's clients adopt cloud platforms, while Nasdaq's own pricing power and cross-sell momentum strengthen.
Доказательства
“We do leverage Bedrock, which is AWS's AI platform infrastructure, to support a lot of our AI infrastructure here at NASDAQ”
Партнёры
Adena Friedman
Nasdaq's fintech ACV bookings grew >50% YoY, with 80% cloud-based, signaling accelerating client migration to cloud infrastructure for mission-critical solutions. — Cloud hyperscalers (AWS, Azure) benefit as Nasdaq's clients adopt cloud platforms, while Nasdaq's own pricing power and cross-sell momentum strengthen.
Доказательства
“we work with Microsoft and Microsoft Azure”
Внешние сигналы
Альфа цепочки поставок · 2с момента звонка
Nasdaq's fintech ACV bookings grew >50% YoY, with 80% cloud-based, signaling accelerating client migration to cloud infrastructure for mission-critical solutions.
Early Q2 ETP inflows for Nasdaq 100 ETFs reached $15 billion as of April 20, rebounding from a weak Q1, driven by institutional and international adoption.
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 8. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.