NDAQ Earnings Predictions — 2026-07-23

Ticker Report or Guide KPI Prediction Answer Confidence
NDAQ Report Revenues less transaction-based expenses BEAT pred ~$1,490M vs. cons $1,456M MEDIUM
NDAQ Report Index licensing & services revenues BEAT pred ~$255M vs. cons $246M MEDIUM
NDAQ Report EPS-Diluted Operating BEAT pred ~$1.00 vs. cons $0.985 MEDIUM
NDAQ Guide Non-GAAP Opex (FY 2026) UNCHANGED guide ~$2.485B-$2.545B vs. cons $2,533M HIGH
NDAQ Guide FinTech ARR / Verafin tone (H2 2026) BETTER guide constructive H2 acceleration vs. cons neutral MEDIUM
NDAQ Guide IPO / Capital Access tone (Q3 2026) BETTER guide positive improving pipeline vs. cons neutral MEDIUM
NDAQ Return Day-1 residual (stock − beta × S&P 500) +1.5% MEDIUM
NDAQ Return 5-day cumulative residual +2.0% (STABILIZE) STABILIZE — no formal guidance raise to drive estimate revisions; implicit H2 math in line with consensus; short interest too low for squeeze; modest follow-through from model updates then flat MEDIUM