Nasdaq, Inc. · NDAQ · Next earnings

Nasdaq, Inc. reports Thursday, Feb 4, 2027

NDAQ reports before market open with consensus EPS at $1.08 and revenue at $1.54B. Last quarter: Nasdaq Q3: AI, cloud and market infrastructure sustain growth

Reports Before market open91 days awayDate estimated Financial Services

What the street expects

Consensus for the coming report
Consensus EPS $1.08 Calendar consensus
Consensus revenue $1.54B Calendar consensus
Report date Feb 4, 2027 Thursday, date estimated
Session Before market open 91 days away

Where NDAQ left off: FY2026 Q3

Full report

Nasdaq Q3: AI, cloud and market infrastructure sustain growth

EPS surprise +2.0% Reported $1.04 vs $1.02
Revenue surprise +1.0% Reported $1.48B vs $1.47B
Stock move +7.5% Event window
Subsequent drift 0.0% Up to 20 sessions

Management maintained its outlook; no change was indicated in the supplied analysis.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • A softer IPO environment could affect listings activity and timing.
  • Regulatory uncertainty remains around tokenization and the SEC innovation exemption.
  • Client adoption of AI and cloud solutions may affect the pace of growth.
  • Inflation, elevated interest rates and competitive pressure could weigh on demand.

Questions analysts left open

  • Pricing strategy and monetization roadmap for agentic AI solutions.
  • Visibility and timing for Nasdaq equity-token adoption and tokenization TAM.
  • Sustainability of ARR growth in Fintech and Capital Markets Technology.
  • Execution and revenue uplift from cloud migrations, including AxiomSL and Calypso.

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Recent NDAQ quarters

All NDAQ earnings
+7.5%FY2026 Q3-0.5%FY2026 Q2+0.8%FY2026 Q1-0.6%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.