Nasdaq, Inc. (NDAQ) is up about 3.34% as investors continue to reprice the stock after the company’s first-quarter 2026 earnings release on April 23, 2026. The quarter highlighted double-digit net revenue growth across divisions and a notable increase in profitability, helping extend a post-earnings bid into today’s session.

For Q1 2026, Nasdaq reported GAAP diluted EPS of $0.91, up 33% year over year, alongside net revenue growth described as double-digit across all divisions. The company also updated 2026 non-GAAP operating expense guidance to a range of $2.485 billion to $2.545 billion, a key input for investors modeling full-year margin performance.

Beyond the quarter’s results, Nasdaq highlighted several market-structure and product initiatives that support a multi-year growth narrative, including regulatory progress on tokenized equity settlement and plans to expand access to U.S. equities via 23/5 trading targeted to go live on December 6, 2026. With exchange volumes and market-services activity remaining a meaningful swing factor, investors appear to be leaning into the view that Nasdaq’s diversified mix of market services and solutions can sustain momentum.