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Dec 31, 2020
Nasdaq Q4 2020 Earnings Report
Nasdaq reported strong growth in revenue and EPS for Q4 2020.
Key Takeaways
Nasdaq's Q4 2020 net revenues were $788 million, a 22% increase year-over-year, driven by an 18% increase in Solutions segments revenues and a 29% increase in Market Services revenues. GAAP EPS increased by 11% to $1.34, and non-GAAP EPS increased by 24% to $1.60. The company also announced the pending acquisition of Verafin, expected to close in Q1 2021, to expand its anti-financial crime franchise.
Q4 2020 net revenues increased by 22% year-over-year to $788 million.
GAAP diluted earnings per share increased by 11% to $1.34.
Non-GAAP diluted earnings per share increased by 24% to $1.60.
Nasdaq announced the pending acquisition of Verafin to expand its anti-financial crime franchise.
Revenue by Segment
Forward Guidance
Nasdaq initiated its 2021 non-GAAP operating expense guidance to a range of $1,550 to $1,620 million and expects its 2021 non-GAAP tax rate to be in the range of 25.0% to 27.0%.
Positive Outlook
- 2021 non-GAAP operating expense guidance midpoint reflects a 3% increase due to organic growth.
- Guidance includes impacts of foreign exchange rates.
- Guidance includes impacts of merger and acquisition activity.
- Verafin acquisition expected to close in the first quarter of 2021.
- Expected non-GAAP tax rate between 25.0% and 27.0%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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