FINHUB Insights

NDAQ · Q2 FY26 · Jun 30, 2026

Nasdaq Q2 FY26: where the revenue came from and where it went

Nasdaq Q2 FY26: revenue $2.5B (+21% year over year). Net profit $0.5B. Largest cohort Market Services $1.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jun 30, 2026
Reported
Jul 23, 2026 10-Q
Sankey diagram of Nasdaq's income statement for Q2 FY26: revenue of $2.5 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$2.5B +21% year over year
Gross profit$1.5B 59% margin
Operating profit$0.7B 28% margin
Net profit$0.5B 20% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
ItemValueShare of revenueYear over year
Revenue 2.5 100% +21%
Market Services 1.4 56%
Capital Access Platforms 0.6 24%
Financial Technology 0.5 20%
Cost of revenue−140%
Gross profit1.559% margin−3pp
G&A−01%+0pp
Other−0.830%+0pp
Operating profit0.728% margin+1pp
Tax−0.1
Interest & other costs−0.1
Net profit0.520%−1pp
Filing on EDGAR More quarters of NDAQ

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters