Nasdaq, Inc. · Brief

Next report

88 days

Jan 28 · before openest.Q4 FY26

Earnings

Expected move

No implied move.

Implied vs realized

8 reportsHistory

2 of 8≥ implied

avg implied: ±4.4%
avg realized: ±2.4%

Jan 29 '25±4.8%▲+0.67%×0.14

Apr 24 '25±6.0%▲+1.69%×0.28

Jul 24 '25±4.2%▲+5.91%×1.41

Oct 21 '25±6.3%▲+1.65%×0.26

Jan 29 '26±4.6%▼−0.63%×0.14

Q1 FY26±3.1%▲+0.78%×0.25

Q2 FY26±3.3%▼−0.53%×0.16

Q3 FY26±3.2%▲+7.47%×2.30

quarterimplied−10%0+10%realized×

Q3 FY26±3.2%▲+7.47%×2.30

Q2 FY26±3.3%▼−0.53%×0.16

Q1 FY26±3.1%▲+0.78%×0.25

Jan '26±4.6%▼−0.63%×0.14

Oct '25±6.3%▲+1.65%×0.26

Jul '25±4.2%▲+5.91%×1.41

2 older reports

Apr '25±6.0%▲+1.69%×0.28

Jan '25±4.8%▲+0.67%×0.14

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Bull & bear

Jan 28 report · est.

Bull2 of 4

24customers disclosing the company as a supplierSEC filings

25disclosed supplier and customer ties in SEC filingsSEC filings

Bear2 of 4

10 of 24largest reporting managers cutting their stake in the latest quarter13F · Jun 30 '26

−4.07%change in shares held by the largest reporting managers13F · Jun 30 '26

AI captions · Oct 26 '26once per report · top 2 per case

Linked exposure

NDAQ report session

Customers 3

FIBKFirst Interstate Bancsystem×0.42 FRMEFirst Merchants×0.32 PEBOPeoples Bancorp×0.28

× = co-movement · max 500dSource: SEC filings · market data

Latest changes

30 daysAll changes

Oct 8impliedImplied move: ±4.3% into Oct 22 earnings (Oct 8 close).Source

Your note

privateThesis 0 · Decisions 0 · Observations 0

No thesis.