Nasdaq (NDAQ) AI Stock Analysis

Nasdaq

(BMV:NDAQ)

Rating:―N/A

Action:N/A

Date:―

No summary available

Positive Factors

Recurring revenue growthStrong growth in recurring revenue and solutions indicates increasing customer dependence on Nasdaq’s data, software, and infrastructure platforms. This mix can improve revenue visibility, support operating leverage, and make the company’s earnings base more durable across market cycles.

Negative Factors

Material debt burdenAlthough leverage has improved, the absolute debt balance remains significant and requires consistent earnings and cash generation. Debt service and refinancing needs could constrain capital allocation or reduce flexibility if market conditions weaken or investments require more funding than expected.

Nasdaq (NDAQ) vs. SPDR S&P 500 ETF (SPY)

Market Cap: MXN 60.72B
Dividend Yield: 1.02%
Average Volume (3M): 564
Price to Earnings (P/E): 29.4
Beta (1Y): -0.53
Revenue Growth: 0.15%
EPS Growth: 17.08%
Country: Mexico
Employees: 9,593
Sector: Financial
Sector Strength: 68
Industry: Financial - Data & Stock Exchanges

Nasdaq Business Overview & Revenue Model

Company Description

Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering product...

Nasdaq Earnings Call Summary

Earnings Call Date:Oct 21, 2026(Q3-2026)|% Change Since:8.06%|Next Earnings Date:Feb 02, 2027

Earnings Call SentimentPositive

The call was strongly positive, supported by double-digit growth in revenue, solutions revenue, ARR, earnings, fintech, index products, and client demand for AI, cloud, and always-on-market solutions. Nasdaq also reported record or near-record performance in several businesses, significant capital returns, and multiple strategic product and partnership initiatives. The main challenges were a modest softening in the IPO environment, higher expenses and expense guidance, lower Market Services operating margin, market-services capture and volatility-related offsets, and selected revenue-comparison headwinds. Overall, the highlights significantly outweighed the lowlights.

Positive Updates

Strong Third-Quarter Financial Performance

Nasdaq delivered $1.5 billion in net revenue, up 14% year-over-year, and $1.2 billion in solutions revenue, up 18%. Annualized recurring revenue grew 14% to $3.4 billion, diluted EPS increased 19% to $1.04, operating income grew 16%, and net income was $588 million.

Negative Updates

Modest Softening in the IPO Environment

Nasdaq reported a modest softening in the IPO environment in recent weeks, with some companies in certain sectors reevaluating the timing of their IPOs. Management said the listings pipeline remains robust.

Company Guidance

Nasdaq updated its non-GAAP expense guidance for the year to a range of $2.550 billion-$2.580 billion, from $2.530 billion-$2.570 billion, and maintained its 2026 non-GAAP tax rate guidance of 22.5%-24.5%; LeveL revenue contribution for the fourth quarter is expected to be $7 million-$8 million, with the expenses included in the updated expense guidance, the $315 million-$385 million variable notional accelerated share repurchase plan will be completed in the fourth quarter, Nasdaq remains on track to launch 23/5 trading on the Nasdaq stock market on December 6, 2026, and remains on track to launch the Nasdaq equity token in the first half of next year, while Nasdaq described a $3 billion-$6 billion TAM from tokenization by 2030.

Nasdaq Risk Analysis

Nasdaq disclosed 2 risk factors in its most recent earnings report. Nasdaq reported the most risks in the "Legal & Regulatory" category.

Legal & Regulatory - Litigation, compliance, new legislation, and taxation risks

Latest Risks Added

1 New Risk

1.In addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the factors discussed under “Risk Factors” in our most recent Form 10-K. These risks could materially and adversely affect our business, financial condition and results of operations. These risks and uncertainties are not the only ones facing us. Additional risks and uncertainties not presently known to us or that we currently believe to be immaterial may also adversely affect our business.Q2, 2026

Nasdaq Peers Comparison

Overall Rating

Financial Indicators

MX:NDAQ against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

* Financial Sector Average

Performance Comparison

MX:NDAQ and its peers over the selected period
Show on chart	Ticker	Company Name	Price	Change	% Change
	MX:NDAQ	Nasdaq OMX	1999.10	421.91	26.75%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Nasdaq AI Stock Analysis