Nasdaq (NDAQ) Projected to Post Earnings on Tuesday

Key Points

• Nasdaq is expected to announce its Q3 2025 earnings on October 21, with analysts predicting earnings of $0.82 per share and revenue of $1.2887 billion.
• In its last earnings report, Nasdaq beat expectations with a $0.85 EPS and revenue of $1.31 billion, marking a 12.7% increase year-over-year.
• Recent analyst upgrades have resulted in a shift in ratings, with UBS Group changing their rating from "neutral" to "buy" and raising the price target to $115.00.

Nasdaq (NASDAQ:NDAQ - Get Free Report) is expected to be announcing its Q3 2025 results before the market opens on Tuesday, October 21st. Analysts expect the company to announce earnings of $0.82 per share and revenue of $1.2887 billion for the quarter. Interested persons can check the company's upcoming Q3 2025 earningsummary page for the latest details on the call scheduled for Tuesday, October 21, 2025 at 8:00 AM ET.

Nasdaq (NASDAQ:NDAQ - Get Free Report) last released its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.07. Nasdaq had a return on equity of 15.90% and a net margin of 18.59%.The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company's quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts expect Nasdaq to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Nasdaq Price Performance

NDAQ opened at $89.39 on Tuesday. The business has a fifty day moving average of $92.53 and a 200 day moving average of $86.11. Nasdaq has a 52-week low of $64.84 and a 52-week high of $97.63. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.73. The stock has a market cap of $51.29 billion, a P/E ratio of 34.38, a PEG ratio of 2.02 and a beta of 0.98.

Nasdaq Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, September 12th. Nasdaq's dividend payout ratio (DPR) is currently 41.54%.

Analyst Upgrades and Downgrades

NDAQ has been the subject of several research reports. UBS Group raised shares of Nasdaq from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $95.00 to $115.00 in a research report on Friday, July 25th. Morgan Stanley set a $90.00 price target on shares of Nasdaq and gave the company an "equal weight" rating in a research note on Wednesday, October 1st. Citigroup reissued a "neutral" rating on shares of Nasdaq in a research note on Wednesday, July 9th. Raymond James Financial restated an "outperform" rating and set a $100.00 price objective (up from $99.00) on shares of Nasdaq in a report on Monday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Nasdaq in a report on Saturday, September 27th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.50.

Insider Activity

In other news, EVP Jeremy Skule sold 2,105 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $95.49, for a total value of $201,006.45. Following the sale, the executive vice president directly owned 92,551 shares in the company, valued at approximately $8,837,694.99. This trade represents a 2.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle Lynn Daly sold 8,691 shares of Nasdaq stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $93.45, for a total transaction of $812,173.95. Following the completion of the transaction, the senior vice president directly owned 8,879 shares in the company, valued at approximately $829,742.55. The trade was a 49.46% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.70% of the company's stock.

Institutional Trading of Nasdaq

Institutional investors have recently made changes to their positions in the business. Orion Porfolio Solutions LLC grew its stake in shares of Nasdaq by 0.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 70,164 shares of the financial services provider's stock valued at $6,274,000 after buying an additional 365 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Nasdaq by 345.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider's stock valued at $45,000 after buying an additional 463 shares during the period. Guggenheim Capital LLC lifted its holdings in Nasdaq by 4.4% in the second quarter. Guggenheim Capital LLC now owns 11,386 shares of the financial services provider's stock valued at $1,018,000 after acquiring an additional 481 shares during the last quarter. Empowered Funds LLC grew its position in Nasdaq by 3.8% in the first quarter. Empowered Funds LLC now owns 14,574 shares of the financial services provider's stock worth $1,106,000 after acquiring an additional 538 shares during the period. Finally, Evergreen Capital Management LLC grew its position in Nasdaq by 14.1% in the second quarter. Evergreen Capital Management LLC now owns 4,568 shares of the financial services provider's stock worth $408,000 after acquiring an additional 564 shares during the period. Institutional investors and hedge funds own 72.47% of the company's stock.

About Nasdaq

Nasdaq, Inc operates as a technology company that serves capital markets and other industries worldwide. It operates in three segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment sells and distributes historical and real-time market data; and develops and licenses Nasdaq-branded indices and financial products.

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