Nasdaq Inc (NDAQ) reported strong fourth quarter 2025 earnings results that beat expectations. The company achieved record revenue and demonstrated broad-based growth across solutions businesses, record index inflows, and elevated market-services activity. CEO Adena Friedman noted momentum heading into 2026. However, despite the earnings beat, the stock declined because forward guidance disappointed investors. The company also amended its corporate charter in January 2026 to allow limited officer exculpation, which received SEC approval. Additionally, a New Jersey federal court ruled that a Nasdaq vice president of engineering cannot access sensitive business information from rival exchange operator Miami International Holdings in an ongoing trade secret dispute.
Read full analysisNasdaq Inc (NDAQ) reported strong fourth quarter 2025 earnings results that beat expectations. The company achieved record revenue and demonstrated broad-based growth across solutions businesses, record index inflows, and elevated market-services activity. CEO Adena Friedman noted momentum heading into 2026. However, despite the earnings beat, the stock declined because forward guidance disappointed investors. The company also amended its corporate charter in January 2026 to allow limited officer exculpation, which received SEC approval. Additionally, a New Jersey federal court ruled that a Nasdaq vice president of engineering cannot access sensitive business information from rival exchange operator Miami International Holdings in an ongoing trade secret dispute.
Nasdaq, Inc. (NDAQ) is a publicly traded company in the Financials sector.