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Nasdaq Inc is a U.S.-based global financial infrastructure company founded in 1971 and headquartered at 151 West 42nd Street, New York, New York 10036. It owns and operates the Nasdaq stock exchange, multiple U.S. and European regulated exchanges, and offers technology platforms for clearing, market data, compliance, and capital access solutions. In Q2 2025, Nasdaq delivered net revenue of $1.31 billion (↑13% YoY), including Solutions revenue ($991M, ↑10%) and Market Services ($306M, ↑21%). Annualized Recurring Revenue reached $2.9 billion (↑10%), with SaaS revenue at 37% of ARR. GAAP operating income rose 34% to $568M, while non-GAAP EPS rose 24% to $0.85. Nasdaq returned $155M in dividends and $100M in buybacks, and repaid $400M of senior notes. Market Services growth was driven by record trading volumes in options and equities amid geopolitical and macro volatility.
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