Nasdaq reported third quarter 2025 net revenue of $1.3 billion, a 15% increase over the same period in 2024. Solutions revenue grew by 15%, ARR reached $3.0 billion, and Financial Technology revenue increased by 23%. GAAP diluted earnings per share grew by 38%, and the company returned $155 million to shareholders in the quarter.

The company achieved significant milestones in the third quarter, with Solutions revenue surpassing $1 billion and annual recurring revenue reaching $3 billion for the first time. Nasdaq continues to deliver advanced solutions that help clients innovate and modernize their systems.

Nasdaq delivered an excellent third quarter performance with revenue growth across all three divisions driving robust earnings growth. The company generated more than $2 billion in operating cash flow over the previous four quarters and remains focused on driving long-term revenue growth and shareholder value through organic investments.

Nasdaq updated its 2025 non-GAAP operating expense guidance to a range of $2,305 million to $2,335 million and lowered its non-GAAP tax rate guidance to 22.5% to 23.5%. The company continues to execute on its strategic priorities of integrating, innovating, and accelerating growth, positioning itself for sustainable, scalable, and resilient growth.

Read more at GlobeNewswire: Nasdaq Reports Third Quarter 2025 Results; Surpassing $1