NASDAQ Q2 revenue at $1.3B, beating estimates, with adjusted operating expenses of $2.3-2.35B.
On July 23, 2025, the NASDAQ reported a strong quarterly performance, with revenue reaching $1.3 billion, surpassing analyst expectations. The adjusted operating expenses for the quarter were $2.3 billion to $2.35 billion. This performance follows a positive trading session on July 23, where the Dow gained +507 points, +1.14%, and the S&P 500 notched a new all-time closing high of 6358, +49 points and +0.78% [1].
The key drivers of this performance were earnings reports from several major companies. Alphabet Inc. (GOOGL), the parent company of Google and YouTube, reported earnings of $2.31 per share, surpassing the expected $2.15. This marks the 10th consecutive quarter of earnings beats for Alphabet. YouTube ad revenue grew by almost +13% in the quarter, and the Services margin was above +40%, with Search and Cloud both up double digits [1].
Tesla Inc. (TSLA) reported earnings of 33 cents per share, missing the Zacks consensus of 39 cents but still ahead of estimates. Despite the earnings miss, shares were up slightly, indicating investor confidence in the company's long-term prospects [1].
IBM Corp. (IBM) shares shifted lower by -5% after the company reported earnings of $2.80 per share, which was above estimates. The company also reported revenues of $16.98 billion, exceeding expectations. However, the stock faced a -5% haircut in after-hours trading [1].
Moody's Corp. (MCO) reported adjusted earnings of $3.56 per share, outpacing the Zacks Consensus Estimate of $3.44. Revenues were $1.90 billion, surpassing the estimate of $1.85 billion. Operating expenses rose 3.6% year over year, but the adjusted operating income of $966 million rose 7.1% year over year [2].
Looking ahead, investors will be watching for earnings reports from American Airlines Group Inc. (AAL), Honeywell International Inc. (HON), and Union Pacific Corp. (UNP) in the morning, and Intel Corp. (INTC) and Deckers Outdoor Corp. (DECK) in the afternoon [1].
References:
[1] https://www.nasdaq.com/articles/big-q2-earnings-afternoon-after-strong-day-markets
[2] https://www.nasdaq.com/articles/moodys-q2-earnings-beat-estimates-revenues-expenses-rise-y-y
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