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Nasdaq expands recurring revenue as index and technology businesses grow

Nasdaq ($NDAQ) reported third-quarter 2026 net revenue of $1.48 billion, an increase of 13%, with organic growth of 14%. Solutions revenue rose 17% to $1.17 billion, supported by a 39% increase in index revenue and 16% growth in financial technology. Annualized recurring revenue reached $3.37 billion, giving the exchange and software group a larger recurring revenue base. GAAP earnings increased 31% to $0.96 per share, while adjusted earnings rose 18% to $1.04. Operating cash flow totaled $521 m

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Nasdaq plans a $100 million investment in Kraken parent Payward

Nasdaq ($NDAQ) announced a planned $100 million investment in Payward, the parent of cryptocurrency platform Kraken, through Nasdaq Ventures. The investment expands an existing relationship around market infrastructure and digital assets. The companies intend to deepen their work on the Nasdaq Equity Token framework and technology supporting the connection between traditional securities markets and tokenized financial products. The partnership also builds on Nasdaq’s market-surveillance capabili

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