Loading...
•
Jun 30
Nasdaq Q2 2025 Earnings Report
Reported strong double-digit revenue growth and higher EPS in Q2 2025
Key Takeaways
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.
Net revenue grew to $1.3 billion, up from $1.159 billion last year
GAAP EPS surged to $0.78 and non-GAAP EPS reached $0.85
Net income more than doubled to $452 million
Returned $155 million to shareholders via dividends and $100 million via share repurchases
Nasdaq
Nasdaq
Nasdaq Revenue by Segment
Revenue by Segment
Market Services Revenue
CapyFin.comFinancial Technology Revenue
CapyFin.comCapital Access Platforms Revenue
CapyFin.com Forward Guidance
Nasdaq updated its 2025 non-GAAP operating expense guidance and maintained its tax rate outlook, emphasizing innovation, debt reduction, and shareholder returns.
Positive Outlook
- Maintained non-GAAP tax rate guidance at 22.5% to 24.5%
- Updated 2025 non-GAAP operating expense guidance to $2.295B-$2.335B
- Surpassed gross leverage milestone 16 months ahead of plan
- Continued strong client demand in Financial Technology and Index businesses
- On track to surpass $100 million in cross-sell run-rate revenue by 2027
Challenges Ahead
- Higher compensation and benefits costs impacting expenses
- Merger and strategic initiative costs continued to pressure margins
- Foreign exchange rates impacted guidance updates
- Market share in U.S. equities slightly lower year-over-year
- Ongoing restructuring charges to continue through 2025