Earnings Call
Apr 23, 2026
Q1 FY2026
EPS Estimate
0.93
EPS Actual
0.96
Post-Earnings Close
$87.04
Earnings Reaction
+0.8%
Nasdaq's first quarter of 2026 stands out as one of the strongest in the company's recent history, with management describing it as the highest Q1 organic growth since 2021 across net revenue, solutions revenue, and operating income. Net revenue reached $1.4 billion, up 13% year-over-year, while diluted EPS of $0.96 represented 21% growth, comfortably ahead of the $0.93 consensus estimate. The Financial Technology division was the headline performer, posting record 18% revenue growth and 16% ARR growth, with ACV bookings surging more than 50% year-over-year to set a new first-quarter record. Operating margins expanded 2 percentage points to 57%, with EBITDA margins reaching 60%, reflecting disciplined cost management even as the company accelerated investment in people and technology.
Report generated on Apr 24, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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