Nasdaq Earnings Reports

Nasdaq delivered a strong Q3 2025, with significant growth in all business segments. The company reached record levels in recurring revenue and returned capital to shareholders through dividends and buybacks.

Nasdaq delivered strong Q2 2025 results with double-digit revenue growth across all divisions, significant increases in GAAP and non-GAAP EPS, and solid net income. The company returned capital to shareholders and continued to execute on strategic initiatives.

Nasdaq reported strong Q1 2025 results with double-digit revenue and earnings growth. Key contributors included Market Services and Financial Technology. The company also made progress on debt reduction and returned capital to shareholders.

Nasdaq reported a 10% increase in fourth quarter net revenue, reaching $1.2 billion. Solutions revenue also increased by 10%. The company returned $138 million to shareholders through dividends and repurchased $181 million of senior unsecured notes.

Nasdaq reported Q3 2024 net revenue of $1.1 billion, a 22% increase year-over-year, with Solutions revenue up 26%. The company's GAAP diluted EPS decreased by 11%, while non-GAAP diluted EPS increased by 5%. Nasdaq returned $138 million to shareholders through dividends and $88 million through share repurchases.

Nasdaq reported Q2 2024 results with net revenues of $1.2 billion, a 25% increase year-over-year, driven by a 34% increase in Solutions revenues. The company returned $138 million to shareholders through dividends and $58 million through share repurchases. Nasdaq is updating its 2024 non-GAAP operating expense guidance to a range of $2,145 million to $2,185 million, and maintaining its 2024 non-GAAP tax rate guidance to be in the range of 24.5% to 26.5%.

Nasdaq reported a strong first quarter in 2024, with net revenues of $1.1 billion, a 22% increase year-over-year. Solutions revenue grew by 35%, driven by Financial Technology and Index revenues. The company returned $127 million to shareholders through dividends and repaid $340 million in term loan balance.

Nasdaq reported a 23% increase in Q4 net revenues to $1.1 billion, driven by a 32% increase in Solutions revenues. The acquisition of Adenza contributed to revenue growth and strategic positioning. GAAP EPS decreased by 25%, while non-GAAP EPS increased by 13%.

Nasdaq reported a 6% increase in net revenues, reaching $940 million, driven by a 9% growth in Solutions Businesses revenues. GAAP diluted EPS increased by 2% to $0.60, while non-GAAP diluted EPS rose by 4% to $0.71. The company generated over $1.6 billion in free cash flow over the trailing twelve month period and returned $108 million to shareholders through dividends.

Nasdaq reported a 4% increase in net revenues compared to Q2 2022, driven by a 6% rise in Solutions businesses revenues. The company's GAAP diluted EPS decreased by 13%, while non-GAAP diluted EPS increased by 3%. Nasdaq returned $109 million to shareholders through dividends and announced the acquisition of Adenza to expand its technology offerings.

Nasdaq reported a 2% increase in net revenues for Q1 2023 compared to Q1 2022, with solutions businesses revenues increasing by 4%. The company returned $257 million to shareholders through share repurchases and dividends. Nasdaq is focused on investing in growth initiatives and has updated its 2023 non-GAAP operating expense guidance.

Nasdaq reported a 2% increase in net revenues for Q4 2022 compared to Q4 2021, with solutions businesses revenues increasing by 3% and trading services net revenues increasing by 1%. GAAP diluted EPS decreased by 6%, while non-GAAP diluted EPS remained unchanged.

Nasdaq reported a 6% increase in net revenues compared to Q3 2021, driven by an 8% increase in Solutions segments revenues. The company's GAAP diluted EPS increased by 5%, while non-GAAP diluted EPS increased by 15%. Nasdaq is also implementing a new corporate structure in Q4 2022 to enhance its strategy and client focus.

Nasdaq reported a 6% increase in net revenues for Q2 2022, driven by a 10% growth in Solutions segments revenue. GAAP diluted EPS decreased by 10% due to a prior-year divestiture gain, while non-GAAP diluted EPS increased by 9%. The company returned $819 million to shareholders in the first six months of 2022 and declared a three-for-one stock split.

Nasdaq reported a 5% increase in net revenues, reaching $892 million, driven by a 15% growth in Solutions segments revenues. The company also announced an 11% increase in the dividend and plans for a 3-for-1 stock split.

Nasdaq reported a 12% increase in net revenues for Q4 2021, reaching $885 million. Solutions segments revenues increased by 19%, which includes a 12% organic growth and a 7% contribution from the acquisition of Verafin. GAAP diluted EPS increased by 14% to $1.53, and non-GAAP diluted EPS increased by 21% to $1.93.

Nasdaq reported strong financial results for Q3 2021, with net revenues increasing by 17% compared to Q3 2020. The Solutions segments revenues increased by 19%, and Annualized Recurring Revenue (ARR) increased by 19%. GAAP diluted earnings per share increased by 7%, and non-GAAP diluted earnings per share increased by 16%.

Nasdaq reported a strong second quarter in 2021, with net revenues reaching $846 million, a 21% increase compared to the previous year. GAAP diluted EPS increased by 41% to $2.05, while non-GAAP diluted EPS increased by 23% to $1.90. The company's performance was driven by vibrant capital markets activity and demand for financial technology solutions.

Nasdaq reported a 21% increase in first quarter net revenues to $851 million compared to the prior year. GAAP diluted EPS increased by 46% to $1.78, while non-GAAP diluted EPS increased by 31% to $1.96. The company completed the acquisition of Verafin and agreed to sell its U.S. Fixed Income business.

Nasdaq's Q4 2020 net revenues were $788 million, a 22% increase year-over-year, driven by an 18% increase in Solutions segments revenues and a 29% increase in Market Services revenues. GAAP EPS increased by 11% to $1.34, and non-GAAP EPS increased by 24% to $1.60. The company also announced the pending acquisition of Verafin, expected to close in Q1 2021, to expand its anti-financial crime franchise.

Nasdaq reported a 13% increase in net revenues to $715 million for Q3 2020, driven by organic growth in non-trading segments and elevated trading volumes in Market Services. GAAP EPS increased by 76% to $1.58, and non-GAAP EPS increased by 20% to $1.53.

Nasdaq reported Q2 2020 net revenues of $699 million, a 12% increase year-over-year. GAAP EPS was $1.45, up 39% from Q2 2019, and non-GAAP EPS was $1.54, a 26% increase. The company issued a $500 million 30-year bond and repaid all commercial paper and borrowings under its revolver, improving available liquidity.

Nasdaq reported Q1 2020 net revenues of $701 million, an 11% increase year-over-year. GAAP diluted EPS was $1.22, while non-GAAP EPS was $1.50. The company strengthened its balance sheet by increasing cash reserves and refinancing senior notes.

Nasdaq's Q4 2019 net revenues were $646 million, a $1 million increase from the prior year period. GAAP diluted earnings per share was $1.21, up from a loss of $0.27 in Q4 2018, and non-GAAP diluted earnings per share was $1.29, up from $1.24 in Q4 2018. Revenues in the non-trading segments increased 9%, while Market Services revenues decreased 10%.