NASDAQ INC (NASDAQ:NDAQ) Tops Q3 2025 Earnings Estimates Despite Revenue Miss

Financial Performance Overview

Nasdaq Inc (NASDAQ:NDAQ) reported its third-quarter 2025 financial results, delivering a performance that notably surpassed analyst expectations on profitability. The company posted non-GAAP earnings per share of $0.88, exceeding the consensus estimate of $0.8655. However, the company's reported revenue of $1.315 billion came in slightly below the analyst forecast of $1.322 billion.

Market Reaction and Price Action

The immediate market reaction to the earnings release appears cautiously positive. In pre-market trading, the stock has advanced approximately 0.44%, suggesting investor approval of the earnings beat despite the slight revenue miss. This short-term movement contrasts with the stock's performance over recent weeks, which has been relatively flat.

• Pre-market performance: +0.44%
• Last week's performance: -0.59%
• Last month's performance: -1.19%

The positive pre-market movement indicates that investors are likely focusing on the company's profitability strength and strategic milestones, viewing them as more significant than the minor revenue shortfall.

Strategic and Operational Highlights

Beyond the headline financial figures, the earnings press release emphasized significant strategic achievements. A key milestone was the company's Solutions business surpassing $1 billion in quarterly revenue. Furthermore, Nasdaq achieved an annualized recurring revenue (ARR) figure exceeding $3 billion. This underscores a successful transition towards more predictable, recurring revenue streams, which is a positive indicator of long-term financial stability and reduced exposure to cyclical trading volumes. The announcement of a maintained quarterly dividend of $0.27 per share also reinforces the company's commitment to returning capital to shareholders.

Forward-Looking Analysis and Estimates

While the press release highlighted operational successes, it did not provide a specific quantitative financial outlook for the coming periods. Consequently, investor focus will shift to existing analyst projections to gauge future performance. Analysts have already set expectations for the fourth quarter and the full 2025 fiscal year.

• Q4 2025 Analyst Estimates:
  • Revenue: $1.364 billion
  • Earnings Per Share: $0.899
• Full-Year 2025 Analyst Estimates:
  • Revenue: $5.274 billion
  • Earnings Per Share: $3.417

The company's ability to meet or exceed these estimates in the next quarter will be critical in determining whether the positive sentiment from the Q3 earnings beat can be sustained.

For a detailed breakdown of historical earnings, future estimates, and analyst revisions, you can review the data here: Nasdaq (NDAQ) Earnings & Estimates.

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Disclaimer: This article provides financial analysis based on publicly available information and should not be construed as investment advice. All investment decisions carry risk, and individuals should conduct their own research or consult with a qualified financial advisor before making any investment decisions.