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NDAQ Financials Market cap $51.2B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 23, 2026

Revenue$2.53B +21% year over year

Gross profit$1.50B 59% margin

Operating profit$0.71B 28% margin

Net profit$0.51B 20% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.53	100%	+21%
Market services	1.37	54%
Capital access platforms	0.62	25%
Financial technology	0.54	21%
Cost of revenue	−1.03	41%
Gross profit	1.50	59% margin	−3pp
G&A	−0.02	1%	+0pp
Other	−0.77	30%
Operating profit	0.71	28% margin	+1pp
Interest & other costs	−0.06
Tax	−0.15
Net profit	0.51	20% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	2.14	100%	+2%
Market services	1.05	49%
Capital access platforms	0.57	27%
Financial technology	0.52	24%
Cost of revenue	−0.73	34%
Gross profit	1.41	66% margin	+7pp
G&A	−0.03	1%	+1pp
Other	−0.72	34%	+0pp
Operating profit	0.66	31% margin	+5pp
Other income, net	0.02
Tax	−0.16
Net profit	0.52	24% margin	+5pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.11	100%	+4%
Cost of revenue	−0.72	34%
Gross profit	1.39	66% margin	+6pp
G&A	−0.02	1%	+0pp
Other	−0.74	35%	+0pp
Operating profit	0.63	30% margin	+4pp
Interest & other costs	−0.05
Tax	−0.06
Net profit	0.52	25% margin	+7pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	1.96	100%	+3%
Market services	0.95	48%	−7%
Capital access platforms	0.55	28%	+9%
Financial technology	0.46	24%	+23%
Cost of revenue	−0.64	33%
Gross profit	1.32	67% margin	+7pp
G&A	−0.02	1%	+0pp
Other	−0.71	36%	+0pp
Operating profit	0.59	30% margin	+6pp
Interest & other costs	−0.06
Tax	−0.11
Net profit	0.42	22% margin	+6pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	2.10	100%	+17%
Market services	1.09	52%
Capital access platforms	0.53	25%
Financial technology	0.46	22%
Other revenue	0.01	1%
Corporate	0.01	0%
Cost of revenue	−0.80	38%
Gross profit	1.31	62% margin	−3pp
G&A	−0.02	1%	−1pp
Other	−0.72	34%	+0pp
Operating profit	0.57	27% margin	+3pp
Interest & other costs	−0.02
Tax	−0.10
Net profit	0.45	22% margin	+9pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 23, 2026 Operating margin 28% Net profit $0.51B	Apr 1 – Jun 30, 2026	Jul 23, 2026	$2.53B	+21%	28%	$0.51B	20%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 24, 2026 Operating margin 31% Net profit $0.52B	Jan 1 – Mar 31, 2026	Apr 24, 2026	$2.14B	+2%	31%	$0.52B	24%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 12, 2026 Operating margin 30% Net profit $0.52B	Oct 1 – Dec 31, 2025	Feb 12, 2026	$2.11B	+4%	30%	$0.52B	25%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 23, 2025 Operating margin 30% Net profit $0.42B	Jul 1 – Sep 30, 2025	Oct 23, 2025	$1.96B	+3%	30%	$0.42B	22%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 25, 2025 Operating margin 27% Net profit $0.45B	Apr 1 – Jun 30, 2025	Jul 25, 2025	$2.10B	+17%	27%	$0.45B	22%