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Jun 30, 2024
Nasdaq Q2 2024 Earnings Report
Nasdaq reported strong performance across all divisions with double-digit solutions growth.
Key Takeaways
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%.
Net revenues increased by 25% year-over-year, reaching $1.2 billion, with Solutions revenues up by 34%.
Annualized Recurring Revenue (ARR) increased by 29% year-over-year to $2.7 billion.
Financial Technology revenues grew by 79% year-over-year to $420 million.
GAAP diluted earnings per share decreased by 30%, while non-GAAP diluted earnings per share decreased by 3%.
Revenue by Segment
Forward Guidance
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%.
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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