Nasdaq Q3 2020 Earnings Report
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.
Nasdaq
Nasdaq
Nasdaq 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%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income