Nasdaq Q3 2026 results beat prior operating expense guidance midpoint; raises FY 2026 expense guidance by $15 million
2026 non-GAAP operating expense was raised by +$20.0M to $2.550 billion to $2.580 billion (midpoint $2.565 billion). Third quarter net revenue was $1.481 billion, up 13% year-over-year, with GAAP diluted EPS of $0.96 and non-GAAP diluted EPS of $1.04, representing increases of 31% and 18%, respectively.
Guidance updates
Forward guidance
Key takeaways
Q3 2026 net revenue of $1.481 billion increased 13% year-over-year, or 14% on an organic basis.
Non-GAAP diluted EPS of $1.04 grew 18% year-over-year, or 19% organically.
2026 non-GAAP operating expense guidance raised to $2.550 billion to $2.580 billion, up $15 million at the midpoint from prior guidance of $2.530 billion to $2.570 billion.
2026 non-GAAP tax rate guidance maintained at 22.5% to 24.5%.
Solutions revenue of $1.172 billion increased 17% year-over-year, or 18% organically, with Financial Technology revenue up 16% and Index revenue up 39%.
ARR of $3.4 billion grew 12% year-over-year, or 14% organically, with Financial Technology ARR growing 18%.
Company returned $496 million to shareholders through $173 million in dividends and $323 million in share repurchases in Q3 2026.
Key metrics
Primary source
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