| NDAQ |
Report |
Non-GAAP EPS |
BEAT |
pred ~$1.00 vs. cons ~$0.98 |
MEDIUM |
| NDAQ |
Report |
Net revenue |
BEAT |
pred ~$1.47B vs. cons ~$1.45B |
MEDIUM |
| NDAQ |
Report |
Total ARR |
IN-LINE |
pred ~$3.28B (+12%) vs. cons ~$3.25B |
LOW |
| NDAQ |
Guide |
FY2026 non-GAAP operating expense guide |
UNCHANGED |
guide ~$2.485-2.545B vs. cons ~$2.51B (FY2026) |
MEDIUM |
| NDAQ |
Guide |
Financial Technology / Solutions ARR growth (medium-term framework) |
UNKNOWN |
guide ~16-18% FinTech ARR vs. cons ~15% (2H26/FY26) |
LOW |
| NDAQ |
Guide |
Index/ETP AUM flows post BlackRock+State Street Nasdaq-100 launch |
BETTER |
pred index rev ~$240M (+22%) vs. cons ~$225M (Q2'26) |
LOW |
| NDAQ |
Return |
Day-1 residual (stock − beta × S&P 500) |
+2.0% |
— |
MEDIUM |
| NDAQ |
Return |
5-day cumulative residual |
+2.5% (STABILIZE) |
June market volatility likely boosted Market Services volumes, supporting a modest revenue/EPS beat on a de-rated, beaten-down stock (still -6% YTD despite a sharp recovery off the $76.85 June low). Day-1 pop should hold rather than run: the out-period math is mixed — management pre-flagged a Q2 expense step-up (comp-cycle timing) and a tough Market Services comp (+22% in Q2'25), plus lumpy Q1 one-time items that don't repeat, which caps upward revisions. Durable ARR (+12%) and reassuring index-flow commentary keep estimates roughly stable, so the reaction stabilizes rather than fades or compounds. |
LOW |