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Dec 31, 2023
Nasdaq Q4 2023 Earnings Report
Nasdaq's Q4 2023 results showcased revenue growth and the impact of strategic investments.
Key Takeaways
Nasdaq reported a 23% increase in Q4 net revenues to $1.1 billion, driven by a 32% increase in Solutions revenues. The acquisition of Adenza contributed to revenue growth and strategic positioning. GAAP EPS decreased by 25%, while non-GAAP EPS increased by 13%.
Net revenues increased by 23% compared to Q4 2022, reaching $1.1 billion.
Solutions revenues grew by 32%, driven by Capital Access Platforms and Financial Technology divisions.
The acquisition of Adenza was completed, enhancing Nasdaq's technology solutions.
Verafin achieved a breakthrough year, signing Tier 1 and Tier 2 bank clients.
Revenue by Segment
Forward Guidance
Nasdaq initiated its 2024 non-GAAP operating expense guidance to a range of $2,105 million to $2,185 million, and its 2024 non-GAAP tax rate guidance to be in the range of 24.5% to 26.5%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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