Nasdaq (NDAQ) Can Index Growth Hold Up Without a Rising Market?

Nasdaq, Inc. (NASDAQ:NDAQ) is attracting more money into investment products tracking its indexes. Year-over-year index revenue growth accelerated from 14% in the first quarter to 38% in the second quarter of 2026. That strengthens the investment case, but asset-based licensing fees rise with markets as well as customer inflows. The question is how much growth […]