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Sep 30, 2020
Nasdaq Q3 2020 Earnings Report
Nasdaq reported a strong third quarter, with revenue growth driven by its diversified product offerings and business model, capitalizing on opportunities presented by the capital markets backdrop.
Key Takeaways
Nasdaq reported a 13% increase in net revenues to $715 million for Q3 2020, driven by organic growth in non-trading segments and elevated trading volumes in Market Services. GAAP EPS increased by 76% to $1.58, and non-GAAP EPS increased by 20% to $1.53.
Net revenues increased by 13% compared to Q3 2019, reaching $715 million.
GAAP operating margin increased to 46%, while non-GAAP operating margin increased to 52%.
GAAP diluted EPS increased by 76% to $1.58, and non-GAAP diluted EPS increased by 20% to $1.53.
The company returned $115 million to shareholders through share repurchases and dividends during the quarter.
Revenue by Segment
Forward Guidance
Nasdaq is updating its 2020 non-GAAP operating expense guidance to a range of $1,360 to $1,370 million and expects its 2020 non-GAAP tax rate to be in the range of 26% to 27%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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