NDAQ Nasdaq (NDAQ) Q3 FY25 earnings call
Nasdaq delivered strong Q3 FY25 results, with solutions revenue surpassing $1 billion for the first time, driven by robust demand for its diversified technology platform. The company continues to invest in AI-enabled solutions and strategic partnerships, while also exceeding its expense efficiency targets and making significant progress on deleveraging. Management remains confident in achieving strategic objectives and long-term shareholder value.
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NDAQ operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | This call Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Assets under management (AUM) ETP | — | $829BWe exited the quarter with ETP AUM of $829 billion, an all-time high.Source: earnings call transcript | $882BWe achieved a record $99 billion in net inflows over the last 12 months, including a record $35 billion in the fourth quarter and exited the year with ETP AUM of $882 billion, an all-time high.Source: earnings call transcript | $836BOur index franchise delivered $79 billion in net inflows over the last 12 months, including $6 billion in the quarter, exiting the quarter with ETP AUM of $836 billion.Source: earnings call transcript | — | -5.2% |
| Net new assets ETP | $27BETP AUM included $86 billion of net inflows in the last 12 months, including $27 billion in the first quarter, which reflects tremendous recognition and resiliency in the context of the Nasdaq 100 market performance down 8% during the first quarter.Source: earnings call transcript | $17BWe had a record $91 billion in net inflows over the last 12 months and $17 billion in net inflows in the quarter.Source: earnings call transcript | $35BWe achieved a record $99 billion in net inflows over the last 12 months, including a record $35 billion in the fourth quarter and exited the year with ETP AUM of $882 billion, an all-time high.Source: earnings call transcript | $6BOur index franchise delivered $79 billion in net inflows over the last 12 months, including $6 billion in the quarter, exiting the quarter with ETP AUM of $836 billion.Source: earnings call transcript | $51BOur Index franchise set new inflow records with $51 billion in net inflows for the quarter and $109 billion in net inflows over the last 12 months.Source: earnings call transcript | +750% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.