Nasdaq lifts medium-term revenue target for key unit on capital access platforms boost

Feb 25 (Reuters) – Nasdaq raised the medium-term revenue forecast for its biggest division on Wednesday, banking on strength in its data, listing and index businesses.

Later in the day, top executives will outline how the transatlantic exchange operator plans to grow in the coming years and scale its business, as investors convene in New York for its biennial investor day.

Here are some details:

* Nasdaq expects 9% to 12% revenue growth in the solutionsbusiness in the medium term, compared with its prior target ofan 8% to 11% increase. * The raise is driven by a stronger outlook for its capitalaccess platforms division, which includes its data, listing andindex businesses. * The solution business, which accounted for roughly 76% ofNasdaq’s total revenue in 2025, houses its capital accessplatforms and financial technology divisions. * “Our increased outlook reflects the durability of Nasdaq’ssolutions-led growth, the strength of client demand,” ChiefFinancial Officer Sarah Youngwood said. * Nasdaq expects revenue from its capital access platformsto grow 6% to 10%, up from its prior target of a 5% to 8% rise. * The new outlook reflects a three-to-five year period andassumes a stable market backdrop. * Nasdaq also plans to continue expanding its client andgeographic reach and accelerate AI deployment and modernizationof market infrastructure.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)