What changed
Non-GAAP EPS of $1.07 beat consensus of $0.99 by $0.08 (+8.1%). Revenue of $1.5B grew 15% YoY, driven by record Solutions revenue (+17%) and Index revenue surging 38%. The market may miss that ARR hit $3.3B (+12% organic) with SaaS now 38% of ARR, signaling durable high-margin recurring revenue growth that supports margin expansion.
Why it matters
Non-GAAP EPS of $1.07 beat consensus of $0.99 by $0.08 (+8.1%). Revenue of $1.5B grew 15% YoY, driven by record Solutions revenue (+17%) and Index revenue surging 38%. The market may miss that ARR hit $3.3B (+12% organic) with SaaS now 38% of ARR, signaling durable high-margin recurring revenue growth that supports margin expansion.
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Jul 23, 2026 02:22 PM ET