STOCK TITAN

Nasdaq Q3 net revenue rises 13% to $1.48B

The quarter included $49 billion in Index net inflows and a declared $0.31 dividend payable December 18, 2026.

(High)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
8-K

Rhea-AI Filing Summary

Nasdaq, Inc. reported third-quarter 2026 net revenue—revenues less transaction-based expenses—of $1.481 billion, up 13% year over year and 14% on an organic basis. Solutions revenue was $1.172 billion, up 17% (18% organic). GAAP diluted EPS was $0.96, up 31%; non-GAAP diluted EPS was $1.04, up 18% reported (19% organic). ARR was $3.365 billion, up 12% reported and 14% organic.

Operating cash flow was $521 million. Nasdaq returned $173 million through dividends and $323 million through common-stock repurchases; $2.2 billion remained under the board-authorized repurchase program as of September 30, 2026. Nasdaq updated 2026 non-GAAP operating expense guidance to $2.550 billion to $2.580 billion and maintained its non-GAAP tax-rate guidance range of 22.5% to 24.5%. The board declared a $0.31 quarterly dividend, payable December 18, 2026, to shareholders of record at the close of business December 4, 2026; future declarations are subject to board approval.

Index net inflows were $49 billion in the quarter. Nasdaq completed its acquisition of LeveL Markets early in the fourth quarter, and The Nasdaq Stock Market remained on track to begin 23/5 trading on December 6, 2026.

3 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 0 points

How the balance works

Positive

  • Moderate pointNet revenue rose 13% year over year to $1.481 billion.
  • Moderate pointGAAP diluted EPS rose 31% year over year to $0.96.
  • Moderate pointGAAP operating income rose 25% year over year to $732 million.

Negative

  • None.

Insights

Analyzing...

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Revenues less transaction-based expenses $1.481 billion Third quarter 2026; up 13% year over year and 14% organic.
GAAP diluted EPS $0.96 per share Third quarter 2026; up 31% year over year.
Non-GAAP diluted EPS $1.04 per share Third quarter 2026; up 18% reported and 19% organic year over year.
Annualized Recurring Revenue (ARR) $3.365 billion Third quarter 2026; up 12% reported and 14% organic year over year.
Cash flow from operations $521 million Third quarter 2026.
Quarterly cash dividend $0.31 per share Payable December 18, 2026, to shareholders of record at the close of business December 4, 2026.
Remaining share repurchase authorization $2.2 billion As of September 30, 2026.
Annualized Recurring Revenue (ARR) financial
"the current annualized value derived from subscription contracts"
Annualized recurring revenue (ARR) is the predictable amount of income a business expects to earn from ongoing customer subscriptions or contracts over a year. It provides a clear picture of the company's steady revenue stream, much like estimating the annual salary based on consistent monthly pay. Investors use ARR to gauge the company's growth and stability over time.
ACV bookings financial
"the maximum annualized committed contract value at the time of signature"
ACV bookings are the total value of new and renewed customer contracts measured on an annualized basis, treating multi‑year deals as the equivalent yearly revenue they generate. Think of it as counting how much recurring business a company has signed this period as if every contract produced the same amount each year—useful to investors because it highlights the pace of recurring revenue growth and sales momentum without one‑time spikes.
Alternative Trading System (ATS) regulatory
"the third-largest Alternative Trading System (ATS) in the U.S. by trading volume"
An alternative trading system (ATS) is a private electronic venue where buyers and sellers trade stocks and other securities outside traditional public exchanges, like a neighborhood marketplace that runs beside a big city market. For investors, ATSs can offer faster execution, lower costs, or access to large block trades, but they may trade with different transparency and rules than public exchanges, so order routing and price discovery can be affected.
ETP assets under management (AUM) financial
"End-of-period ETP AUM was $1.160 trillion"
organic variance financial
"Organic variance is calculated by removing the impacts"
Net revenue (revenues less transaction-based expenses) $1.481 billion 13% reported; 14% organic year over year
Solutions revenue $1.172 billion 17% reported; 18% organic year over year
GAAP diluted EPS $0.96 per share 31% year over year
Non-GAAP diluted EPS $1.04 per share 18% reported; 19% organic year over year
ARR $3.365 billion 12% reported; 14% organic year over year
Guidance

Updated 2026 non-GAAP operating expense guidance to $2.550 billion to $2.580 billion; maintained 2026 non-GAAP tax rate guidance of 22.5% to 24.5%.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were NDAQ's third-quarter 2026 results?

Nasdaq reported $1.481 billion in revenues less transaction-based expenses, up 13% year over year; GAAP diluted EPS was $0.96, up 31%, and non-GAAP diluted EPS was $1.04, up 18% reported and 19% organic.

When is NDAQ's $0.31 dividend payable?

The quarterly dividend of $0.31 per share is payable December 18, 2026, to shareholders of record at the close of business December 4, 2026. Future quarterly dividend declarations and future record and payment dates are subject to approval by the board.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 22, 2026
___________________________________
Nasdaq, Inc.
(Exact name of registrant as specified in its charter)
___________________________________
Delaware
001-38855
52-1165937
(State or Other Jurisdiction of
Incorporation)
(Commission file number)
(I.R.S. Employer
Identification No.)
151 W. 42nd Street,
New York,
New York
10036
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including area code: +1 212 401 8700
No change since last report
(Former Name or Address, If Changed Since Last Report)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Common Stock, $0.01 par value per share
NDAQ
The Nasdaq Stock Market
Common Stock, $0.01 par value per share
NDAQ
Nasdaq Texas, LLC
4.500% Senior Notes due 2032
NDAQ32
The Nasdaq Stock Market
0.900% Senior Notes due 2033
NDAQ33
The Nasdaq Stock Market
0.875% Senior Notes due 2030
NDAQ30
The Nasdaq Stock Market
1.75% Senior Notes due 2029
NDAQ29
The Nasdaq Stock Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or in Rule 12b-2 of the Securities Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02.          Results of Operations and Financial Condition.
On October 22, 2026, Nasdaq, Inc. (“Nasdaq”) issued a press release providing financial results for the third
quarter of 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is
incorporated herein by reference.
Item 7.01.          Regulation FD Disclosure.
On October 22, 2026, Nasdaq posted slides to be used in its earnings presentation for the third quarter of 2026
on its website at http://ir.nasdaq.com.
Item 8.01.          Other Events.
On October 22, 2026, Nasdaq issued a press release announcing the declaration of a quarterly cash dividend. A
copy of the press release is attached as Exhibit 99.2 to this Current Report on Form 8-K and is incorporated herein
by reference.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits.
No.
Exhibit Description
99.1
Press release dated October 22, 2026 relating to financial results for the third quarter of 2026.
99.2
Press release dated October 22, 2026 relating to the declaration of a quarterly cash dividend.
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL
The information set forth under “Item 2.02 Results of Operations and Financial Condition” and “Item 7.01
Regulation FD Disclosure” is intended to be furnished pursuant to Item 2.02 and Item 7.01, respectively. Such
information, including Exhibit 99.1, shall not be deemed “filed” for purposes of the Securities Exchange Act of
1934, as amended, nor shall it be deemed incorporated by reference into any of Nasdaq’s filings under the Securities
Act of 1933, as amended, except as expressly set forth by specific reference in such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
Dated: October 22, 2026
Nasdaq, Inc.
By:
/s/ John A. Zecca
Name
:
John A. Zecca
Title:
Executive Vice President and
Chief Legal Officer
1
image.jpg
Exhibit 99.1
NEW YORK, October 22, 2026 - Nasdaq, Inc. (Nasdaq: NDAQ) today
reported financial results for the third quarter of 2026.
Adena Friedman, Chair and CEO said,
“Nasdaq’s third quarter performance
demonstrates the strength and
momentum of our business, with new
milestones achieved across all three
divisions, including record Index net
inflows, record FinTech ARR growth, and
the establishment of Nasdaq Digital
Liquidity Networks within Market
Services.
Markets are evolving towards an AI-
driven, Always-On future that is
increasingly integrated across asset
classes and geographies. Nasdaq is
shaping the next generation of market
infrastructure while expanding our growth
opportunities and enhancing the value we
deliver to our clients and shareholders.”
•Third quarter 2026 net revenue1 was $1.5 billion, an increase of 13%
over the third quarter of 2025, or 14% on an organic2 basis. Solutions
revenue3 increased 17%, or 18% on an organic basis.
•Annualized Recurring Revenue (ARR)3,4 of $3.4 billion increased 12%
on a reported basis over the third quarter of 2025, or 14% on an organic
basis. Annualized SaaS revenue increased 12%, or 16% on an organic
basis, and represented 38% of ARR.
•Financial Technology revenue was $529 million, an increase of 16% on
both a reported and organic basis over the third quarter of 2025.
•Index revenue of $286 million grew 39% on both a reported and organic
basis over the third quarter of 2025, with $141 billion of net inflows over
the trailing twelve months, including $49 billion in the third quarter of
2026.
•GAAP diluted earnings per share in the third quarter of 2026 was $0.96,
an increase of 31% over the third quarter of 2025. Non-GAAP5 diluted
earnings per share in the third quarter of 2026 was $1.04, an increase of
18% on a reported basis over the third quarter of 2025, or 19% on an
organic basis.
•In the third quarter of 2026, the company returned $173 million to
shareholders through dividends and $323 million through repurchases of
common stock.
Third Quarter 2026 Highlights
Sarah Youngwood, Executive Vice
President and CFO said, “Nasdaq
delivered excellent third quarter results,
headlined by outstanding Solutions
revenue growth, continued operating
leverage, and strong EPS growth.
Our durable business model and
disciplined execution underpin our capital
allocation strategy that prioritizes funding
investments in long-term growth while
returning more than $1.7 billion to
shareholders year to date through share
repurchases and dividends.”
(US$ millions, except per share)
3Q26
YoY change %
Organic2
YoY change %
Adjusted2 YoY
change %
Solutions revenue
$1,172
17%
18%
18%
Market Services net revenue
$309
2%
2%
2%
Net revenue
$1,481
13%
14%
14%
GAAP operating income
$732
25%
Non-GAAP operating income
$843
15%
16%
16%
ARR
$3,365
12%
14%
14%
GAAP diluted EPS
$0.96
31%
Non-GAAP diluted EPS
$1.04
18%
19%
19%
2
FINANCIAL REVIEW
•Third quarter 2026 net revenue was $1.5 billion, reflecting 13% growth on a reported basis
versus the prior year period, or 14% growth on an organic basis.
•Solutions revenue was $1.2 billion in the third quarter of 2026, an increase of 17% versus the
prior year period, or 18% on an organic basis. Performance in the quarter reflected strong
growth across Capital Access Platforms and Financial Technology. Capital Access Platforms
revenue growth was 20% year-over-year on both a reported and organic basis. Financial
Technology revenue growth was 16%, on both a reported and organic basis.
•ARR was $3.4 billion as of the third quarter of 2026, growing 12% year-over-year on a
reported basis, or 14% on an organic basis. The difference between total reported and organic
ARR growth results from the impact of divestitures, which were excluded from ARR in the prior
year period. Financial Technology ARR growth was 18% on both a reported and organic basis,
and Capital Access Platforms ARR growth was 8% on both a reported and organic basis.
•Market Services net revenue was $309 million in the third quarter of 2026, up 2% on both a
reported and organic basis versus the prior year period.
•Third quarter 2026 GAAP operating expenses were $749 million, an increase of 3% versus
the prior year quarter. Non-GAAP operating expenses were $638 million, up 9% versus the
prior year quarter, or 12% on an organic basis. The increases were primarily driven by higher
compensation and benefits costs from our strong revenue execution and increased
investments in technology to drive long-term growth. On a GAAP basis, the increase was
partially offset by lower general and administrative expenses, primarily due to a favorable legal
settlement, and lower restructuring charges.  
•Cash flow from operations was $521 million in the third quarter, enabling the return of capital
through Nasdaq’s efficient capital allocation framework. In the third quarter of 2026, the
company returned $173 million to shareholders through dividends and $323 million through
repurchases of common stock. As of September 30, 2026, there was $2.2 billion remaining
under the board authorized share repurchase program.
2026 EXPENSE AND TAX GUIDANCE UPDATE6
•The company is updating its 2026 non-GAAP operating expense guidance to a range of
$2.550 billion to $2.580 billion. The company is maintaining its 2026 non-GAAP tax rate
guidance in the range of 22.5% to 24.5%.
3
STRATEGIC AND BUSINESS UPDATES
•Financial Technology delivered record 18% organic ARR growth and double-digit
revenue growth in each subdivision for the third consecutive quarter. FinTech signed 54
new clients and 135 upsells in the quarter with cloud-based solutions accounting for 85% of
ACV bookings. FinTech performance reflected continued execution on the One Nasdaq
strategy with 5 cross-sells signed in the quarter and cross-sells accounting for over 15% of the
sales pipeline. Nasdaq achieved a second-place ranking on the Chartis RiskTech100, up from
fifth place in the prior year.
◦Financial Crime Management Technology revenue and ARR growth accelerated
with momentum across SMBs and enterprise clients. Nasdaq Verafin signed 45
new small-and-medium bank (SMB) clients and 3 enterprise deals in the third quarter,
bringing year-to-date enterprise signings to 12, surpassing the 9 enterprise deals
signed in all of 2025. Nasdaq Verafin announced the general availability of two new AI
workers, the Agentic AML Analyst and the Agentic Fraud Analyst, and now has more
than 850 clients using its Agentic AI Workforce.
◦Regulatory Technology achieved the fifth straight quarter of accelerating ARR
growth led by strong performance across Surveillance and AxiomSL. The
subdivision added 10 new clients, including 2 cross-sells, and 86 upsells in the third
quarter, driven by demand for cloud infrastructure, AI, digital assets, and regulatory
requirements. Surveillance signed 9 new clients, including 2 cross-sells and strategic
wins with Kalshi and Kraken, while also achieving 51 upsells. AxiomSL added 1 new
client and 35 upsells in the third quarter, including an expansion with a Global
Systemically Important Bank (G-SIB) for a Basel III implementation.
◦Capital Markets Technology delivered robust organic ARR growth with broad-
based strength across the subdivision. The subdivision signed 2 new clients,
including 1 cross-sell, and 48 upsells in the third quarter. Calypso added 2 new clients,
including 1 cross-sell, and 23 upsells. Nasdaq partnered with HSBC to co-develop
comprehensive exchange-traded derivatives (ETD) clearing capabilities in Calypso,
creating a unified platform HSBC has selected for clearing across OTC, ETD, and
repos. Nasdaq also launched a new operating environment which enables clients to
connect their own AI infrastructure and serve as an access point for Calypso’s agentic
capabilities. Market Technology signed 25 upsells in the quarter and continued to
shape Always-On markets, signing a deal with Bruce Markets to power the first 24/7
continuous trading in U.S. equities.
•Index set new ETP assets under management (AUM) and net inflow records while
executing on its growth pillars of product innovation, international expansion, and
institutional adoption. Index had a record $141 billion in net inflows over the trailing twelve
months, including $49 billion in the third quarter. End-of-period ETP AUM was $1.160 trillion
and average ETP AUM over the third quarter was $1.108 trillion, both new records. Nasdaq
launched 32 new Index products in the third quarter, including 10 in the institutional annuity
space. Half of the new products launched in the third quarter were outside the U.S.
4
•Nasdaq extended its listings leadership with 8 of the 10 largest operating company
IPOs in the third quarter. Nasdaq welcomed 15 new operating companies that raised $32
billion in capital7, reflecting a 79% win rate8 of new operating company listings. The quarter’s
strong performance contributed to a 74% year-to-date new listings win rate. Year-to-date
through the third quarter, new operating company listings raised $144 billion in proceeds,
reflecting 89% of total proceeds raised.
•Nasdaq expanded its distribution of private markets data through a partnership with
Juniper Square. The partnership embeds eVestment's private markets data directly into
Juniper Square’s client workflows, strengthening Nasdaq's position as a trusted provider of
institutional investment intelligence. eVestment also expanded its coverage of private funds to
more than 95,000, a 19% increase from the end of 2025.
•Nasdaq executed several strategic actions to advance the evolution of capital markets.
Nasdaq formed Digital Liquidity Networks (DLN), a new organization within Nasdaq Market
Services focused on advancing the company’s leadership in digital assets and market
modernization. Within DLN, Nasdaq completed the acquisition of LeveL Markets, the third-
largest Alternative Trading System (ATS) in the U.S. by trading volume with more than 2,500
buy-side and sell-side clients. The acquisition, which closed early in the fourth quarter,
enhances Nasdaq’s ability to serve a wider liquidity pool across off-exchange venues and
deliver institutional-grade liquidity and execution solutions to clients.
•Market Services set a new record in third quarter net revenue and continued to lead the
evolution of markets including the transition to Always-On markets. Third quarter Market
Services net revenue benefitted from higher industry volumes across U.S. options and
European equities with robust performance in U.S. cash equities, which achieved higher
market share and near record capture. The Nasdaq Stock Market remains on track to go live
with 23/5 trading on December 6, 2026, expanding global access to U.S.-listed equities.
5
____________
1 Represents revenue less transaction-based expenses.
2 Organic change is generally calculated by removing the impacts of changes in foreign exchange rates, and
acquisitions and divestitures during the one-year period post transaction. Adjusted and organic change for 3Q26 as
compared to 3Q25 are equivalent as they include the same period over period adjustments.
3 Solutions revenue constitutes revenue from our Capital Access Platforms and Financial Technology segments as well
as certain Other revenues. These Other revenues of $2 million and $4 million in 3Q26 and 3Q25, respectively, relates
to the sale of our Nasdaq Fund Secondaries business and the sale of the Nasdaq Metrio platform and related
customer contracts, which were both sold in 3Q26. Other revenues in 3Q25 also included $8 million related to the sale
of the Solovis business, which was sold in 4Q25. These revenues were previously included in our Capital Access
Platforms Segment. ARR and Annualized SaaS revenues for 3Q25 includes $42 million and $40 million, respectively,
related to these businesses.
4 ARR for a given period is the current annualized value derived from subscription contracts with a defined contract
value. This excludes contracts that are not recurring, are one-time in nature or where the contract value fluctuates
based on defined metrics. For AxiomSL and Calypso recurring revenue contracts, the amount included in ARR is
consistent with the amount that we invoice the customer during the current period. Additionally, for AxiomSL and
Calypso recurring revenue contracts that include annual values that increase over time, we include in ARR only the
annualized value of components of the contract that are considered active as of the date of the ARR calculation. We
do not include the future committed increases in the contract value as of the date of the ARR calculation. ACV
Bookings for our Financial Technology segment excluding Financial Crime Management Technology refers to the
maximum annualized committed contract value at the time of signature, excluding one-time fees and not accounting
for initial discounts. For Financial Crime Management Technology, ACV bookings is calculated by averaging the total
contract value over the contract term, including fixed increases. ARR and ACV are supplemental metrics to help
evaluate the performance of the business. These measures are not a replacement for, and should be viewed
independently of, U.S. GAAP revenue and deferred revenue as they are performance metrics, and are not intended to
be combined with any of these items. ARR and ACV are not a forecast, and the active contracts at the end of a
reporting period used in calculating these measures may or may not be extended or renewed by our customers. There
is no U.S. GAAP measure comparable to ARR or ACV. As these metrics do not have any standardized definition they
may not be comparable to similarly titled measures presented by other companies and should be viewed
independently of revenue and deferred revenue and are not intended to be combined with or to replace either of those
items.
5 Refer to our reconciliations of U.S. GAAP to non-GAAP metrics and organic and adjusted impacts, included in the
attached schedules.
6 U.S. GAAP operating expense and tax rate guidance are not provided due to the inherent difficulty in quantifying
certain amounts due to a variety of factors including the unpredictability in the movement in foreign currency rates, as
well as future charges or reversals outside of the normal course of business.
7 Listings proceeds for the quarter reflect current quarter IPO activity only and YTD proceeds reflect greenshoe shares
exercised after the quarter in which the IPO occurred.
8 Listings win rate includes eligible U.S. operating companies, direct listings, and SPAC business combinations.
6
ABOUT NASDAQ
Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We
architect the infrastructure of the world’s most modern markets, power the innovation economy, and build
trust in the financial system. We empower economic opportunity by designing and deploying advanced
technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk,
and strengthen resilience. To learn more about the company, technology solutions and career
opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
NON-GAAP INFORMATION
In addition to disclosing results determined in accordance with U.S. GAAP, Nasdaq also discloses certain
non-GAAP results of operations, including, but not limited to, non-GAAP net income, non-GAAP diluted
earnings per share, non-GAAP operating income, and non-GAAP operating expenses, that include certain
adjustments or exclude certain charges and gains that are described in the reconciliation tables of U.S.
GAAP to non-GAAP information provided at the end of this release. Management uses this non-GAAP
information internally, along with U.S. GAAP information, in evaluating our performance and in making
financial and operational decisions. We believe our presentation of these measures provides investors
with greater transparency and supplemental data relating to our financial condition and results of
operations. In addition, we believe the presentation of these measures is useful to investors for period-to-
period comparisons of results as the items described below in the reconciliation tables do not reflect
ongoing operating performance.
These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different from
non-GAAP measures used by other companies. In addition, other companies, including companies in our
industry, may calculate such measures differently, which reduces their usefulness as a comparative
measure. Investors should not rely on any single financial measure when evaluating our business. This
information should be considered as supplemental in nature and is not meant as a substitute for our
operating results in accordance with U.S. GAAP. We recommend investors review the U.S. GAAP
financial measures included in this earnings release. When viewed in conjunction with our U.S. GAAP
results and the accompanying reconciliations, we believe these non-GAAP measures provide greater
transparency and a more complete understanding of factors affecting our business than U.S. GAAP
measures alone.
We understand that analysts and investors regularly rely on non-GAAP financial measures, such as those
noted above, to assess operating performance. We use these measures because they highlight trends
more clearly in our business that may not otherwise be apparent when relying solely on U.S. GAAP
financial measures, since these measures eliminate from our results specific financial items that have less
bearing on our ongoing operating performance.
Foreign exchange impact: In countries with currencies other than the U.S. dollar, revenue and expenses
are translated using monthly average exchange rates. Certain discussions in this release isolate the
impact of year-over-year foreign currency fluctuations to better measure the comparability of operating
results between periods. Operating results excluding the impact of foreign currency fluctuations are
calculated by translating the current period’s results by the prior period’s exchange rates.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Information set forth in this communication contains forward-looking statements that involve a number of
risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee
of future performance and that actual results could differ materially from those contained in the forward-
looking information. Such forward-looking statements include, but are not limited to (i) projections relating
to our future financial results, total shareholder returns, growth, dividend program, trading volumes,
products and services, ability to transition to new business models, taxes and achievement of synergy
7
targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions,
divestitures and other strategic, restructuring, technology, de-leveraging and capital allocation initiatives,
(iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or
regulatory or government investigation or action to which we are or could become a party, and (v) other
statements that are not historical facts. Forward-looking statements involve a number of risks,
uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to,
Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and
fluctuations, geopolitical instability, government and industry regulation, interest rate risk, and U.S. and
global competition. Further information on these and other factors are detailed in Nasdaq’s filings with the
U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly
reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com
and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-
looking statement, whether as a result of new information, future events or otherwise.
WEBSITE DISCLOSURE
Nasdaq intends to use its website, ir.nasdaq.com, as a means for disclosing material non-public
information and for complying with SEC Regulation FD and other disclosure obligations.
Media Relations Contact
Investor Relations Contact
David Lurie
Ato Garrett
914.538.0533
212.401.8737
David.Lurie@nasdaq.com
Ato.Garrett@nasdaq.com
8
Nasdaq, Inc.
Condensed Consolidated Statements of Income
(in millions, except per share amounts)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Revenues:
Capital Access Platforms
$641
$534
$1,820
$1,552
Financial Technology
529
457
1,585
1,352
Market Services
1,221
967
3,640
3,208
Other Revenues
2
21
18
63
Total revenues
2,393
1,979
7,063
6,175
Transaction-based expenses:
Transaction rebates
(623)
(658)
(2,059)
(1,882)
Brokerage, clearance and exchange fees
(289)
(6)
(616)
(436)
Revenues less transaction-based expenses
1,481
1,315
4,388
3,857
Operating Expenses:
Compensation and benefits
379
353
1,118
1,033
Professional and contract services
42
38
124
112
Technology and communication infrastructure
93
80
264
236
Occupancy
34
32
103
90
General, administrative and other
2
22
54
51
Marketing and advertising
17
13
61
41
Depreciation and amortization
165
158
496
471
Regulatory
11
12
29
41
Merger and strategic initiatives
6
9
14
53
Restructuring charges
—
12
24
27
 
Total operating expenses
749
729
2,287
2,155
Operating income
732
586
2,101
1,702
Interest income
10
8
23
32
Interest expense
(86)
(87)
(259)
(279)
Net gain (loss) on divestitures
(4)
(2)
84
37
Other income (loss)
11
—
(4)
—
Net income from unconsolidated investees
38
24
86
73
Income before income taxes
701
529
2,031
1,565
Income tax provision
162
106
466
296
Net income
$539
$423
$1,565
$1,269
Net loss attributable to noncontrolling interests
1
—
1
1
Net income attributable to Nasdaq
$540
$423
$1,566
$1,270
Per share information:
Basic earnings per share
$0.97
$0.74
$2.78
$2.21
Diluted earnings per share
$0.96
$0.73
$2.76
$2.19
Cash dividends declared per common share
$0.31
$0.27
$0.89
$0.78
Weighted-average common shares outstanding
for earnings per share:
Basic
558.9
573.3
563.3
574.1
Diluted
563.3
579.0
567.6
579.3
9
Nasdaq, Inc.
Revenue Detail
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
CAPITAL ACCESS PLATFORMS
Data and Listing Services
$224
$204
$655
$594
Index
286
206
778
595
Workflow and Insights
131
124
387
363
Total Capital Access Platforms revenues
641
534
1,820
1,552
FINANCIAL TECHNOLOGY
Financial Crime Management Technology
103
84
294
241
Regulatory Technology
123
109
361
315
Capital Markets Technology
303
264
930
796
Total Financial Technology revenues
529
457
1,585
1,352
MARKET SERVICES
Market Services
1,221
967
3,640
3,208
Transaction-based expenses:
Transaction rebates
(623)
(658)
(2,059)
(1,882)
Brokerage, clearance and exchange fees
(289)
(6)
(616)
(436)
Total Market Services revenues, net
309
303
965
890
OTHER REVENUES
2
21
18
63
REVENUES LESS TRANSACTION-BASED EXPENSES
$1,481
$1,315
$4,388
$3,857
10
Nasdaq, Inc.
Condensed Consolidated Balance Sheets
(in millions)
September 30,
December 31,
2026
2025
Assets
(unaudited)
Current assets:
Cash and cash equivalents
$365
$604
Restricted cash and cash equivalents
28
210
Default funds and margin deposits
2,530
5,842
Short-term investments
151
28
Receivables, net
1,171
943
Other current assets
287
376
Total current assets
4,532
8,003
Property and equipment, net
767
728
Goodwill
14,247
14,371
Intangible assets, net
6,106
6,511
Operating lease assets
481
447
Other non-current assets
1,250
993
Total assets
$27,383
$31,053
Liabilities
Current liabilities:
Accounts payable and accrued expenses
$252
$280
Section 31 fees payable to SEC
90
—
Accrued personnel costs
320
364
Deferred revenue
819
785
Other current liabilities
237
259
Default funds and margin deposits
2,530
5,842
Short-term debt
269
431
Total current liabilities
4,517
7,961
Long-term debt
8,471
8,573
Deferred tax liabilities, net
1,654
1,584
Operating lease liabilities
476
462
Other non-current liabilities
262
241
Total liabilities
15,380
18,821
Commitments and contingencies
Equity
Nasdaq stockholders' equity:
Common stock
6
6
Additional paid-in capital
4,067
5,122
Common stock in treasury, at cost
(784)
(716)
Accumulated other comprehensive loss
(1,944)
(1,773)
Retained earnings
10,654
9,588
Total Nasdaq stockholders' equity
11,999
12,227
Noncontrolling interests
4
5
Total equity
12,003
12,232
Total liabilities and equity
$27,383
$31,053
11
Nasdaq, Inc.
Reconciliation of U.S. GAAP to Non-GAAP Net Income Attributable to Nasdaq and Diluted Earnings Per Share
(in millions, except per share amounts)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
U.S. GAAP net income attributable to Nasdaq
$540
$423
$1,566
$1,270
Non-GAAP adjustments:
Amortization expense of acquired intangible assets 1
121
122
364
365
Merger and strategic initiatives expense 2
6
9
14
53
Restructuring charges 3
—
12
24
27
Gain from extinguishment of debt 4
—
—
—
(19)
Legal and regulatory matters 5
(16)
1
(3)
3
Net (gain) loss on divestitures 6
4
2
(84)
(37)
Net income from unconsolidated investees 7
(38)
(24)
(86)
(73)
Other (income) loss 8
(11)
4
9
6
Total non-GAAP adjustments
66
126
238
325
Non-GAAP adjustment to the income tax provision 9
(14)
(32)
(58)
(84)
Other tax adjustments 10
(4)
(6)
(4)
(51)
Total non-GAAP adjustments, net of tax
48
88
176
190
Non-GAAP net income attributable to Nasdaq
$588
$511
$1,742
$1,460
U.S. GAAP diluted earnings per share
$0.96
$0.73
$2.76
$2.19
Total impact from NonGAAP adjustments above
0.08
0.15
0.31
0.33
Non-GAAP diluted earnings per share
$1.04
$0.88
$3.07
$2.52
Weighted-average diluted common shares outstanding for
earnings per share:
563.3
579.0
567.6
579.3
12
Nasdaq, Inc.
Reconciliation of U.S. GAAP to Non-GAAP Operating Income and Operating Margin
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
U.S. GAAP operating income
$732
$586
$2,101
$1,702
Non-GAAP adjustments:
Amortization expense of acquired intangible assets 1
121
122
364
365
Merger and strategic initiatives expense 2
6
9
14
53
Restructuring charges 3
—
12
24
27
Gain from extinguishment of debt 4
—
—
—
(19)
Legal and regulatory matters 5
(16)
1
(3)
3
Other loss
—
2
1
4
Total non-GAAP adjustments
111
146
400
433
Non-GAAP operating income
$843
$732
$2,501
$2,135
Revenues less transaction-based expenses
$1,481
$1,315
$4,388
$3,857
U.S. GAAP operating margin 11
49%
45%
48%
44%
Non-GAAP operating margin 12
57%
56%
57%
55%
Note: The percentages are calculated based on exact dollars, and therefore may not recalculate exactly
using rounded numbers as presented in US$ millions.
13
Nasdaq, Inc.
Reconciliation of U.S. GAAP to Non-GAAP Operating Expenses
(in millions)
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
U.S. GAAP operating expenses
$749
$729
$2,287
$2,155
Non-GAAP adjustments:
Amortization expense of acquired intangible assets 1
(121)
(122)
(364)
(365)
Merger and strategic initiatives expense 2
(6)
(9)
(14)
(53)
Restructuring charges 3
—
(12)
(24)
(27)
Gain on extinguishment of debt 4
—
—
—
19
Legal and regulatory matters 5
16
(1)
3
(3)
Other loss
—
(2)
(1)
(4)
Total non-GAAP adjustments
(111)
(146)
(400)
(433)
Non-GAAP operating expenses
$638
$583
$1,887
$1,722
14
Nasdaq, Inc.
Footnotes to Press Release
Financial Tables
1
We amortize intangible assets acquired in connection with various acquisitions. Intangible asset
amortization expense can vary from period to period due to episodic acquisitions completed, rather
than from our ongoing business operations.
2
We have pursued various strategic initiatives and completed acquisitions and divestitures in recent
years that have resulted in expenses which would not have otherwise been incurred. These expenses
generally include integration costs, as well as legal, due diligence and other third-party transaction
costs. The frequency and the amount of such expenses vary significantly based on the size, timing and
complexity of the transaction. For the three and nine months ended September 30, 2026, these costs
included amounts associated with various strategic initiative costs. For the three and nine months
ended September 30, 2025, these costs primarily included amounts associated with the transfer of
open positions in our Nordic power futures business, Adenza integration costs and other strategic
initiative costs.
3
In the fourth quarter of 2023, following the closing of the Adenza acquisition, our management
approved, committed to and initiated a restructuring program, “Adenza Restructuring” to optimize our
efficiencies as a combined organization. We initiated the program upon the acquisition of Adenza and
further expanded the program in the fourth quarter of 2024 following the achievement of our initial
targets. We have incurred costs principally related to employee-related costs, contract terminations,
asset impairments and other related cost. Actions taken as part of this program were completed as of
December 31, 2025, and all costs were incurred as of June 30, 2026.
4
For the nine months ended September 30, 2025, we recorded a gain on the extinguishment of debt.
This gain is recorded in general, administrative and other expense in our Condensed Consolidated
Statements of Income.
5
For the three and nine months ended September 30, 2026, this includes a favorable legal settlement,
recorded in general, administrative and other expense in the Condensed Consolidated Statements of
Income. For the three and nine months ended September 30, 2026 and 2025, this also includes
accruals relating to certain legal matters, which are recorded in professional and contract services in
the Condensed Consolidated Statements of Income.
6
Net loss on divestitures for the three months ended September 30, 2026 relates to the net impact of
the sale of the Nasdaq Metrio platform and related customer contracts, and the sale of Nasdaq Fund
Secondaries. Net gain on divestitures for the nine months ended September 30, 2026 and September
30, 2025 primarily relates to the divestiture of our Nordic power futures business, net of costs to sell,
partially offset by the net loss described above for the nine months ended September 30, 2026.  For
the nine months ended September 30, 2025, this also includes a gain on sale of our Nasdaq Risk
Modelling for Catastrophes business, net of costs to sell.
7
We exclude our share of the earnings and losses of our equity method investments. This provides a
more meaningful analysis of Nasdaq’s ongoing operating performance or comparisons in Nasdaq’s
performance between periods.
8
For the three and nine months ended September 30, 2026 and 2025, other items primarily include net
gains and losses from strategic investments entered into through our corporate venture program. For
the nine months ended September 30, 2026, this also includes intangible asset impairments of
customer relationships and licenses relating to the wind-down of our Nordic power futures business.
The net effect of these items is included in other income (loss) in our Condensed Consolidated
Statements of Income.
9
For the three and nine months ended September 30, 2026 and 2025, the non-GAAP adjustment to the
income tax provision includes the tax impact of each non-GAAP adjustment.
10
For the nine months ended September 30, 2025, other tax adjustments primarily reflect a tax benefit
related to payments made to certain former Adenza employees and the release of the prior years'
reserves following a favorable audit settlement.
11
U.S. GAAP operating margin equals U.S. GAAP operating income divided by revenues less
transaction-based expenses.
12
Non-GAAP operating margin equals non-GAAP operating income divided by revenues less transaction-
based expenses.
15
Nasdaq, Inc.
Reconciliation of Organic Impacts
(in millions, except per share amounts)
(unaudited)
Three Months Ended
September 30,
Total Variance
FX/Divestitures/
Acquisitions impact
Organic Variance1
2026
2025
$
%
$
%
$
%
Capital Access Platforms
Data and Listing Services
$224
$204
$20
10%
$(1)
—%
$21
10%
Index
286
206
80
39%
—
—%
80
39%
Workflow and Insights
131
124
7
6%
1
—%
6
5%
Total Capital Access
Platforms revenues
641
534
107
20%
—
—%
107
20%
Financial Technology
Financial Crime Management
Technology
103
84
19
23%
—
—%
19
23%
Regulatory Technology
123
109
14
13%
—
—%
14
13%
Capital Markets Technology
303
264
39
15%
1
—%
38
14%
Total Financial
Technology revenues
529
457
72
16%
1
—%
71
16%
Market Services net
revenues
309
303
6
2%
—
—%
6
2%
Other revenues
2
21
(19)
(91)%
(19)
(88)%
—
—%
Revenues less transaction-
based expenses
$1,481
$1,315
$166
13%
$(18)
(1)%
$184
14%
Solutions revenue 2
$1,172
$1,003
$169
17%
$(9)
(1)%
$178
18%
Non-GAAP Operating
Expenses
$638
$583
$55
9%
$(15)
(3)%
$70
12%
Non-GAAP Operating
Income
$843
$732
$111
15%
$(3)
—%
$114
16%
Non-GAAP diluted earnings
per share
$1.04
$0.88
$0.16
18%
$—
—%
$0.16
19%
Note: The percentages are calculated based on exact dollars, and therefore may not recalculate exactly using rounded
numbers as presented in US$ millions. The sum of the percentage changes may not tie to the percentage change in total
variance due to rounding.
1 Organic variance is calculated by removing the impacts of changes in foreign exchange rates, acquisitions, and
divestitures.
2 Total Solutions revenues includes Capital Access Platforms and Financial Technology revenues as well as $2 million and
$4 million of Other revenue in the third quarter of 2026 and the third quarter of 2025, respectively, related to the sale of our
Nasdaq Fund Secondaries business and the sale of the Nasdaq Metrio platform and related customer contracts, which were
both sold in the third quarter of 2026. The third quarter of 2025 also includes $8 million of Other revenue, related to the sale
of the Solovis business, which was sold in the fourth quarter of 2025.
16
Nasdaq, Inc.
Key Drivers Detail
(unaudited)
Three Months Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Capital Access Platforms
Annualized recurring revenues (in millions) 1
$1,411
$1,303
$1,411
$1,303
Initial public offerings
The Nasdaq Stock Market
46
76
177
218
Nasdaq operating company IPOs
15
46
56
129
SPACs
31
30
121
89
Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic
7
2
20
12
Total new listings
The Nasdaq Stock Market
167
205
531
569
Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic 2
8
4
28
19
Number of listed companies
The Nasdaq Stock Market 3
4,726
4,359
4,726
4,359
Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic 4
1,103
1,133
1,103
1,133
Index
Number of licensed exchange traded products
487
439
487
439
Period end ETP assets under management (AUM) tracking Nasdaq
indexes (in billions)
$1,160
$829
$1,160
$829
Total average ETP AUM tracking Nasdaq indexes (in billions)
$1,108
$777
$1,000
$701
TTM 5 net inflows ETP AUM tracking Nasdaq indexes (in billions)
$141
$91
$141
$91
TTM 5 net appreciation ETP AUM tracking Nasdaq indexes (in billions)
$190
$138
$190
$138
Financial Technology
Annualized recurring revenues (in millions) 1
Financial Crime Management Technology
$375
$316
$375
$316
Regulatory Technology
443
389
443
389
Capital Markets Technology
1,136
957
1,136
957
Total Financial Technology
$1,954
$1,662
$1,954
$1,662
Market Services
Equity Derivative Trading and Clearing
U.S. equity options
Total industry average daily volume (in millions)
63.8
55.8
64.3
54.0
Nasdaq PHLX matched market share
10.4%
10.4%
11.4%
9.7%
The Nasdaq Options Market matched market share
3.2%
2.5%
2.8%
3.9%
Nasdaq Texas Options matched market share (formerly Nasdaq BX)
1.2%
1.6%
1.3%
1.7%
Nasdaq ISE Options matched market share
6.6%
7.0%
6.4%
6.8%
Nasdaq GEMX Options matched market share
3.2%
3.5%
3.3%
3.9%
Nasdaq MRX Options matched market share
3.5%
3.5%
3.9%
3.0%
Total matched market share executed on Nasdaq's exchanges
28.1%
28.5%
29.1%
29.0%
Nasdaq Nordic and Nasdaq Baltic options and futures
Total average daily volume of options and futures contracts
193,881
184,267
221,178
220,416
17
Cash Equity Trading
Total U.S.-listed securities
Total industry average daily share volume (in billions)
16.9
17.6
19.0
17.2
Matched share volume (in billions)
157.5
158.6
525.7
454.4
The Nasdaq Stock Market matched market share
14.1%
13.7%
14.4%
13.8%
Nasdaq Texas matched market share (formerly Nasdaq BX)
0.3%
0.3%
0.3%
0.3%
Nasdaq PSX matched market share
0.1%
0.1%
0.1%
0.1%
Total matched market share executed on Nasdaq's exchanges
14.5%
14.1%
14.8%
14.2%
Market share reported to the FINRA/Nasdaq Trade Reporting Facility
47.7%
47.6%
46.5%
47.7%
Total market share 6
62.2%
61.7%
61.3%
61.9%
Nasdaq Nordic and Nasdaq Baltic securities
Average daily number of equity trades executed on Nasdaq's
exchanges
653,117
627,568
730,953
736,829
Total average daily value of shares traded (in billions)
$5.3
$4.5
$6.0
$5.2
Total market share executed on Nasdaq's exchanges 7
75.0%
72.8%
74.6%
71.8%
1
Annualized Recurring Revenue (ARR) for a given period is the current annualized value derived from subscription
contracts with a defined contract value. This excludes contracts that are not recurring, are one-time in nature, or
where the contract value fluctuates based on defined metrics. ARR is currently one of our key performance metrics
to assess the health and trajectory of our recurring business. ARR does not have any standardized definition and is
therefore unlikely to be comparable to similarly titled measures presented by other companies. ARR should be
viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either
of those items. For AxiomSL and Calypso recurring revenue contracts, the amount included in ARR is consistent with
the amount that we invoice the customer during the current period. Additionally, for AxiomSL and Calypso recurring
revenue contracts that include annual values that increase over time, we include in ARR only the annualized value of
components of the contract that are considered active as of the date of the ARR calculation. We do not include the
future committed increases in the contract value as of the date of the ARR calculation. ARR is not a forecast and the
active contracts at the end of a reporting period used in calculating ARR may or may not be extended or renewed by
our customers.
2
New listings include IPOs and represent companies listed on the Nasdaq Nordic and Nasdaq Baltic exchanges and
companies on the alternative markets of Nasdaq First North.
3
Number of total listings on The Nasdaq Stock Market for the three and nine months ended September 30, 2026 and
2025 included 1,292 and 1,000 ETPs, respectively.
4
Represents companies listed on the Nasdaq Nordic and Nasdaq Baltic exchanges and companies on the alternative
markets of Nasdaq First North.
5
Trailing twelve months.
6
Includes transactions executed on The Nasdaq Stock Market's, Nasdaq Texas's (formerly Nasdaq BX) and Nasdaq
PSX's systems plus trades reported through the Financial Industry Regulatory Authority/Nasdaq Trade Reporting
Facility.
7
European cash equities markets include cash equities exchanges of Sweden, Denmark, Finland, and Iceland. Minor
adjustments to prior periods reflect data from a new consolidated data provider that accurately captures all primary
trading venues and Multilateral Trading Facilities.


Exhibit 99.2

image_0.jpg

NEWS RELEASE

Nasdaq Announces Quarterly Dividend of $0.31 Per Share

NEW YORK, October 22, 2026 – The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.31 per share on the company’s outstanding common stock. The dividend is payable on December 18, 2026 to shareholders of record at the close of business on December 4, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.
About Nasdaq

Nasdaq (Nasdaq: NDAQ) is a leading technology platform that powers the world’s economies. We architect the infrastructure of the world’s most modern markets, power the innovation economy, and build trust in the financial system. We empower economic opportunity by designing and deploying advanced technology, data, and intelligence solutions that enable our clients to capture opportunities, navigate risk, and strengthen resilience. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Cautionary Note Regarding Forward-Looking Statements

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, information regarding our dividend program and future payment obligations. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Media Relations Contacts:

David Lurie
+914.538.0533
David.Lurie@nasdaq.com

Investor Relations Contact:

Ato Garrett

+1.212.401.8737

Ato.Garrett@Nasdaq.com

-NDAQF-


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