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Research Alert: Ndaq: Q1 Earnings Beat As Financial Technology Surges

-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Nasdaq Inc. (NDAQ) posted solid Q1 2026 results with operating EPS of $0.96 vs. $0.79 a year ago, beating consensus by $0.03, while net revenue of $1.41B rose 14% Y/Y and beat estimates by 2%. Operating margin expanded 170 bps to 56.8%, demonstrating strong operational leverage alongside accelerating revenue growth for two consecutive quarters. Financial Technology exploded 20% higher with record Q1 ACV bookings up 50%+ Y/Y, as Verafin added 58 new clients and Agentic AI gained traction with 500+ clients in production. Market Services delivered record results with 13% growth supported by record industry volumes, while Index options revenue more than doubled for the third consecutive quarter. The Index business showed resilience with $6B in Q1 net inflows and record average ETP AUM of $877B. We view these results as strong validation of NDAQ's diversified growth strategy, with innovation-driven products from the past five years accounting for 46% of trailing-12-month net inflows.

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