Nasdaq (NDAQ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended September 2025, Nasdaq (NDAQ) reported revenue of $1.32 billion, up 14.8% over the same period last year. EPS came in at $0.88, compared to $0.74 in the year-ago quarter.The reported revenue represents a surprise of +1.75% over the Zacks Consensus Estimate of $1.29 billion. With the consensus EPS estimate being $0.84, the EPS surprise was +4.76%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Nasdaq performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Total matched market share executed on Nasdaq exchanges - Cash Equity Trading: 14.1% versus 14.1% estimated by six analysts on average.Total matched market share executed on Nasdaq exchanges - Equity Derivative Trading and Clearing: 28.5% versus the six-analyst average estimate of 28.5%.Total industry average daily volume - Equity Derivative Trading and Clearing: 55.8 million versus the four-analyst average estimate of 54.07 million.Total industry average daily share volume - Cash Equity Trading: 17.6 billion versus the four-analyst average estimate of 16.14 billion.Net Revenues- Total Market Services, net: $303 million versus $292.81 million estimated by seven analysts on average.Net Revenues- Financial Technology: $457 million versus the seven-analyst average estimate of $443.36 million. The reported number represents a year-over-year change of +12.8%.Net Revenues- Capital Access Platforms: $546 million versus the seven-analyst average estimate of $544.41 million. The reported number represents a year-over-year change of +9%.Net Revenues- Capital Access Platforms- Workflow and Insights revenues: $136 million versus $135.87 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.Net Revenues- Capital Access Platforms- Index revenues: $206 million versus the six-analyst average estimate of $209.62 million. The reported number represents a year-over-year change of +13.2%.Net Revenues- Capital Access Platforms- Data and Listing Services revenues: $204 million versus the six-analyst average estimate of $198.49 million. The reported number represents a year-over-year change of +7.4%.Net Revenues- Financial Technology- Capital Markets Technology: $264 million versus $258.17 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.8% change.Net Revenues- Other Revenues: $9 million versus $8.5 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.View all Key Company Metrics for Nasdaq here>>>Shares of Nasdaq have returned -1.2% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They includeStock #1: A Disruptive Force with Notable Growth and ResilienceStock #2: Bullish Signs Signaling to Buy the DipStock #3: One of the Most Compelling Investments in the MarketStock #4: Leader In a Red-Hot Industry Poised for GrowthStock #5: Modern Omni-Channel Platform Coiled to SpringMost of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nasdaq, Inc. (NDAQ): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks