| NDAQ |
Report |
Non-GAAP Diluted EPS |
BEAT |
pred ~$1.00 vs. cons $0.97 |
MEDIUM |
| NDAQ |
Report |
Net Revenue |
BEAT |
pred ~$1.475B vs. cons $1.455B |
MEDIUM |
| NDAQ |
Report |
Annualized Recurring Revenue (ARR) |
BEAT |
pred ~$3.30B (~13% y/y) vs. cons/implied ~$3.25B (~11.5% y/y) |
LOW |
| NDAQ |
Guide |
FY2026 Non-GAAP Operating Expense Guidance |
UNCHANGED |
guide ~$2.515B midpoint (range reiterated $2.485B-$2.545B) vs. cons ~$2.51B (FY2026) |
HIGH |
| NDAQ |
Guide |
FY2026 Non-GAAP Tax Rate Guidance |
UNCHANGED |
guide ~23.5% (range 22.5%-24.5%) vs. cons ~23.5% (FY2026) |
HIGH |
| NDAQ |
Guide |
ETP/Index Net Inflows Momentum Commentary |
BETTER |
guide/implied ~$25B cumulative net inflows vs. prior cited pace of ~$15B as of April 20 (H1 2026) |
LOW |
| NDAQ |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.8% |
— |
MEDIUM |
| NDAQ |
Return |
5-day cumulative residual |
+0.8% (FADE) |
Initial pop from a likely EPS/revenue beat and record IPO/listings tailwind should be well-received, but the Q1 call already flagged that FinTech's 18% growth was inflated ~4pts by one-time Calypso/M&A termination items and that comp-cycle expense growth steps up in Q2 — so as analysts model out H2, implicit estimate cuts to FinTech ARR/revenue growth and margin trajectory likely temper full follow-through, causing partial fade of the day-1 pop over the next several sessions even if headline beats are confirmed. |
LOW |