Nasdaq: 3 Key Takeaways for Long-Term Investors

Nasdaq reported Q3 2026 net revenue of $1.5 billion, up 14% year-over-year, driven by cloud migration, anti-financial crime software adoption, and 24/7 trading infrastructure demand. The company is successfully converting capital markets infrastructure into high-margin recurring revenue through cloud-based solutions (85% of fintech bookings) and enterprise wins in fraud prevention, positioning itself as a transformation partner with strong free cash flow of $616 million.