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Mar 31, 2024
Nasdaq Q1 2024 Earnings Report
Nasdaq's Q1 2024 results were reported, marked by double-digit growth in Solutions revenue.
Key Takeaways
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.
Net revenues increased by 22% to $1.1 billion, with 6% organic growth.
Solutions revenue grew by 35%, with 11% organic growth.
Financial Technology revenue increased by 71% to $392 million.
Index revenue increased by 53%, with ETP AUM surpassing $500 billion.
Revenue by Segment
Forward Guidance
Nasdaq updated its 2024 non-GAAP operating expense guidance to a range of $2.125 billion to $2.185 billion and maintained its 2024 non-GAAP tax rate guidance to be in the range of 24.5% to 26.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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