Nasdaq Sees Recurring Revenue Soar 31% In Q3, Solutions Rake In $872M

Nasdaq, Inc (NASDAQ:NDAQ) reported third-quarter revenue growth of 22% year-on-year to $1.15 billion, missing the analyst consensus estimate of $1.17 billion.

The financial services company reported an adjusted EPS of 74 cents, which beat the analyst consensus estimate of 69 cents. The stock price slid after the print.

Nasdaq's Annualized Recurring Revenue (ARR) increased 31% year-over-year to $2.74 billion.

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