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Sep 30, 2022

Nasdaq Q3 2022 Earnings Report

Nasdaq's Q3 2022 results reflected strong growth in solutions segments revenue and overall net revenue increase.

Key Takeaways

Nasdaq reported a 6% increase in net revenues compared to Q3 2021, driven by an 8% increase in Solutions segments revenues. The company's GAAP diluted EPS increased by 5%, while non-GAAP diluted EPS increased by 15%. Nasdaq is also implementing a new corporate structure in Q4 2022 to enhance its strategy and client focus.

Net revenues increased by 6% compared to the third quarter of 2021.

Solutions segments revenues increased by 8%, including 10% organic growth.

GAAP diluted earnings per share increased by 5% compared to the third quarter of 2021.

Non-GAAP diluted earnings per share increased by 15% compared to the third quarter of 2021.

Total Revenue
$890M
Previous year: $838M
+6.2%
EPS
$0.68
Previous year: $0.59
+15.3%
Gross Profit
$582M
Previous year: $608M
-4.3%
Cash and Equivalents
$301M
Previous year: $303M
-0.7%
Free Cash Flow
$191M
Previous year: $200M
-4.5%
Total Assets
$22.9B
Previous year: $18.4B
+24.7%

Nasdaq

Nasdaq

Nasdaq Revenue by Segment

Forward Guidance

Nasdaq is narrowing its 2022 non-GAAP operating expense guidance to a range of $1,700 to $1,720 million and expects its 2022 non-GAAP tax rate to be in the range of 24% to 25%.