Nasdaq Inc is expected to report Q3 2026 revenue of $1.47 billion and an adjusted EPS of $1.02, with the stock currently trading near $93.97 against an average analyst price target of $110.28. Investors are primarily focused on the growth trajectory of the Financial Technology segment, particularly the expansion of high-margin recurring revenue streams following the Adenza acquisition.
Market participants are also scrutinizing the company's Annualized Recurring Revenue (ARR), which grew 11% in the prior quarter, as a key indicator of its successful pivot toward a software-centric business model. The integration of AI-powered solutions within the Calypso platform and stable performance in Capital Access Platforms remain central to the bullish thesis heading into this report.