Nasdaq raises medium-term revenue forecast for biggest division

Nasdaq raises medium-term revenue forecast for biggest division

The raise is driven by a stronger outlook for its capital access platforms division, which includes its data, listing and index businesses

Nasdaq has raised the medium-term revenue forecast for its biggest division, banking on strength in its data, listing and index businesses.

Nasdaq expects 9% to 12% revenue growth in the solutions business in the medium term, compared with its prior target of an 8% to 11% increase. The raise is driven by a stronger outlook for its capital access platforms division, which includes its data, listing and index businesses. The solution business, which accounted for roughly 76% of Nasdaq's total revenue in 2025, houses its capital access platforms and financial technology divisions.

Chief Financial Officer Sarah Youngwood said, "Our increased outlook reflects the durability of Nasdaq's solutions-led growth, the strength of client demand.”

Nasdaq expects revenue from its capital access platforms to grow 6% to 10%, up from its prior target of a 5% to 8% rise. The new outlook reflects a three- to five-year period and assumes a stable market backdrop. Nasdaq also plans to continue expanding its client and geographic reach and accelerate AI deployment and modernization of market infrastructure.