Nasdaq Q1 2023 Earnings Report
Key Takeaways
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.
Net revenues increased by 2% compared to the first quarter of 2022.
Solutions businesses revenues increased by 4% with 5% organic growth.
Annualized Recurring Revenue (ARR) increased by 7% compared to the first quarter of 2022.
GAAP diluted earnings per share increased by 7% compared to the first quarter of 2022.
Nasdaq
Nasdaq
Nasdaq Revenue by Segment
Forward Guidance
Nasdaq updated its 2023 non-GAAP operating expense guidance to a range of $1,780 million to $1,840 million. The company expects its 2023 non-GAAP tax rate to be in the range of 24% to 26%.