Nasdaq Q3 2021 Earnings Report
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%.
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Nasdaq 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%.