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Nasdaq reported better-than-expected second-quarter earnings, driven by strong performance in listings and data services. High-profile IPOs and increased trading activity amid market volatility boosted revenues, helping the exchange operator surpass analyst profit estimates.

Net revenue rose 15% to $1.5 billion, supported by a 19% jump in its capital access platforms segment, which includes listings and market data. Demand for trading and hedging also increased due to market swings linked to geopolitical tensions and shifts in AI-related sentiment.

Despite concerns over competition from perpetual futures, Nasdaq downplayed the risk, noting minimal revenue impact. Its diversified model, including financial technology and recurring data revenues, continues to support growth, with shares rising following the results.