Nasdaq Q1 2020 Earnings Report
Key Takeaways
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.
Net revenues increased by 11% compared to Q1 2019, reaching $701 million.
Non-trading segments revenues increased by 7% due to organic growth.
Market Services revenues rose by 21% due to historic trading volumes.
GAAP diluted earnings per share was $1.22, while non-GAAP earnings per share was $1.50.
Nasdaq
Nasdaq
Nasdaq Revenue by Segment
Forward Guidance
Nasdaq is updating its 2020 non-GAAP operating expense guidance to the range of $1,320 to $1,370 million and continues to expect its 2020 non-GAAP tax rate to be in the range of 25.5% to 27.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income