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Sep 30, 2021
Nasdaq Q3 2021 Earnings Report
Nasdaq's Q3 2021 financial results reflected growth in Solutions segments, driven by Anti Financial Crime, Index, and Analytics offerings, and strong marketplace performance.
Key Takeaways
Nasdaq reported strong financial results for Q3 2021, with net revenues increasing by 17% compared to Q3 2020. The Solutions segments revenues increased by 19%, and Annualized Recurring Revenue (ARR) increased by 19%. GAAP diluted earnings per share increased by 7%, and non-GAAP diluted earnings per share increased by 16%.
Net revenues increased 17% compared to the third quarter of 2020.
Solutions segments revenues increased 19%, including organic growth and contribution from the acquisition of Verafin.
Annualized Recurring Revenue (ARR) increased 19% compared to the third quarter of 2020, and excluding Verafin, increased 10%.
Third quarter GAAP diluted earnings per share increased 7%, and non-GAAP diluted earnings per share increased 16%.
Revenue by Segment
Forward Guidance
The company is narrowing the range of its 2021 non-GAAP operating expense guidance to a range of $1,605 to $1,620 million. Nasdaq continues to expect its 2021 non-GAAP tax rate to be in the range of 25.0% to 27.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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