Revenue segments as reported by the company.

Investment Intelligence

Corporate Platforms

Market Services

Market Platforms

Capital Access Platforms

Anti-Financial Crime

Other Revenues

Market Technology

Financial Technology

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and benefits

Professional and contract services

Computer operations and data communications

Occupancy

General, administrative and other

Marketing and advertising

Depreciation and amortization

Regulatory

Merger and strategic initiatives

Restructuring charges

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Nasdaq

Nasdaq, Inc. is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Market Technology, Investment Intelligence, Corporate Platforms, and Market Services. The Market Technology segment is a global technology solutions provider and partner to exchanges, clearing organizations, central securities depositories, regulators, banks, brokers, buy-side firms, and corporate businesses. The Investment Intelligence segment includes the firm's Market Data, Index, and Analytics businesses. The Market Data business sells and distributes historical and real-time market data to the sell-side, the institutional investing community, retail online brokers, proprietary trading shops, other venues, Internet portals, and data distributors. The Index business develops and licenses Nasdaq-branded indexes and financial products. The Analytics business provides asset managers, investment consultants, and institutional asset owners with investment insights and workflow solutions. The Corporate Platforms segment includes the company's Listing Services and IR & ESG Services businesses. These businesses deliver critical capital market and ESG solutions across the lifecycle of public and private companies. The Market Services segment consists of the Equity Derivative Trading and Clearing, Cash Equity Trading, FICC, and Trade Management Services businesses. It operates multiple exchanges and other marketplace facilities across several asset classes, including derivatives, commodities, cash equity, debt, structured products and ETPs. The company was founded by Gordon S. Macklin in 1971 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Nasdaq reports solid Q4 growth, eyes Tier 1 bank conversions

Nasdaq's Q4 2022 performance reflects steady growth, operational efficiency, and strategic investments in key divisions and sustainable initiatives.
While facing market challenges and revenue uncertainties, Nasdaq remains optimistic about growth opportunities through client engagement and strategic focus areas.
The company's focus on recurring revenues, SaaS offerings, and client conversions positions it well for 2023, with a strong outlook for sustained growth and value creation.

Nasdaq reports solid Q1 earnings, eyes growth in AI and AFC sectors

Nasdaq's Q1 performance reflects revenue growth and strategic milestones, with a focus on technology modernization and AI integration.
While facing challenges in certain segments, Nasdaq's strengths in trading services, ESG solutions, and SaaS revenues position it for future success.
Opportunities in expanding AFC capabilities, M&A activities, crypto custody launch, and pricing adjustments signal a proactive approach to driving growth and innovation.

Nasdaq posts strong Q2 results, eyes global expansion and Adenza's growth

Nasdaq reports solid Q2 performance with revenue growth and strategic transformations post-Adenza acquisition. Strengths include Adenza's performance, Data Link platform growth, and Verafin's positive impact. Challenges include regulatory uncertainties and revenue variability. Opportunities lie in post-acquisition plans, global expansion, and Adenza's growth potential.

Nasdaq reports solid Q3 growth amidst market challenges and transitions

Nasdaq's Q3 performance reflects solid revenue growth, particularly in Solutions businesses, despite market uncertainties and leadership transitions.
The company's strengths lie in its market modernization initiatives, strong presence in key divisions, and accelerating organic growth, positioning it for future success.
Challenges such as market unpredictability, regulatory changes, and strategic transitions are balanced by growth opportunities in Anti-Financial Crime, Adenza integration, and market innovation.
Overall, Nasdaq's strategic focus on innovation, client expansion, and operational efficiency underscores its resilience and potential for sustained growth in a dynamic market environment.

Nasdaq reports robust Q4 earnings, eyes growth through innovation

Nasdaq's strong Q4 2023 performance, driven by revenue growth and operational efficiency, sets a positive trajectory for future growth and innovation
Challenges in listings revenue and retention ratios for Adenza require strategic focus and sustained efforts to navigate through 2024
Opportunities in cloud adoption, digital assets partnerships, and capital allocation strategy post-Adenza deal offer avenues for growth and value creation
Overall, Nasdaq's focus on integration, client engagement, and technology advancement positions the company well for continued success and market leadership

Nasdaq reports robust Q1 performance and strategic growth initiatives

Nasdaq's Q1 performance reflects strong revenue growth and operational efficiency, supported by strategic client engagements.
While facing challenges in certain business segments, the company's focus on regulatory compliance and client solutions offers growth potential.
With a diverse product portfolio and commitment to innovation, Nasdaq is well-positioned to navigate market dynamics and drive future growth.

Nasdaq reports robust Q2 earnings, eyes growth in Europe

Nasdaq's Q2 2024 performance reflects solid revenue growth, particularly in key segments like Solutions, Capital Access, and Financial Technology.
The company's strategic priorities of integration and innovation are driving progress in expense management and operational efficiency.
While facing challenges of rising expenses and economic headwinds, Nasdaq remains focused on delivering sustainable growth and profitability for shareholders.

Nasdaq reports robust Q3 earnings, eyes growth through innovation

Nasdaq's Q3 2024 performance showcased strong revenue growth and strategic progress across its divisions, underpinned by a positive macroeconomic backdrop.
While facing challenges such as expense management and revenue projections, Nasdaq's focus on innovation and client satisfaction presents opportunities for sustained growth.
The company's record quarter in Market Services and advancements in technology underscore its resilience and potential for future expansion.
Overall, Nasdaq's performance reflects a balanced approach to navigating market dynamics and driving value for shareholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Nasdaq, Inc. is a holding company, which engages in trading, clearing, exchange technology, regulatory, securities listing, information, and public and private company services. It operates through the following segments: Capital Access Platforms, Financial Technology, and Market Services. The Capital Access Platforms segment delivers liquidity, transparency, and integrity to the corporate issuer and investment community by empowering clients to effectively navigate the capital markets, achieve their sustainability goals, and drive governance excellence. The Financial Technology segment offers platforms that improve the liquidity, transparency, and integrity of the global economy by architecting and operating the markets. The Market Services segment includes equity derivative trading and clearing, cash equity trading, fixed income, currency, and commodities trading. The company was founded by Gordon S. Macklin in 1971 and is headquartered in New York, NY.

Although the revenue and EPS for Nasdaq (NDAQ) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Nasdaq (NDAQ) Q4 Earnings: A Look at Key Metrics

Nasdaq (NDAQ) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.64 per share a year ago.

Nasdaq (NDAQ) Q4 Earnings and Revenues Beat Estimates

Blackrock Income Trust

Citigroup

PayPal

Block

A handful of U.S. financial industry heavyweights are cutting jobs to sharpen focus on their core businesses and put themselves on an even keel, after pursuing aggressive growth during the low interest rate-era led to some overhiring.

US financial giants shedding jobs in 2024

NEW YORK, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.22 per share on the company's outstanding common stock. The dividend is payable on March 28, 2024 to shareholders of record at the close of business on March 14, 2024. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

Nasdaq Announces Quarterly Dividend of $0.22 Per Share

NEW YORK, Jan. 31, 2024 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the fourth quarter and year 2023.

Nasdaq Reports Fourth Quarter and Full Year 2023 Results; Revenue Growth & Strategic Investments Underpin Solid Year of Performance

Exchange operator Nasdaq is planning to cut hundreds of jobs as it integrates fintech firm Adenza into its business and may reallocate others in a bid to minimize redundancies, Bloomberg News reported on Tuesday.

Exchange operator Nasdaq to cut hundreds of jobs - Bloomberg News

Nasdaq's (NDAQ) fourth-quarter performance is likely to reflect organic revenue growth, strong performance at Market Platforms businesses, data and listing service revenues, and Adenza contributions.

Will Nasdaq (NDAQ) Retain Its Earnings Surprise Streak in 4Q?

Beyond analysts' top -and-bottom-line estimates for Nasdaq (NDAQ), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

What Analyst Projections for Key Metrics Reveal About Nasdaq (NDAQ) Q4 Earnings

NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- At the end of the settlement date of January 12, 2024, short interest in 3,156 Nasdaq Global MarketSM securities totaled 10,526,593,349 shares compared with 10,419,434,627 shares in 3,166 Global Market issues reported for the prior settlement date of December 29, 2023. The mid-January short interest represents 3.05 days compared with 2.60 days for the prior reporting period.

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date January 12, 2024

Nasdaq (NDAQ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nasdaq (NDAQ) Reports Next Week: Wall Street Expects Earnings Growth

Anheuser-Busch InBev

Tilray Brands

Tilray Brands is a leading cannabis producer in Canada. The federal ban on marijuana in the U.S. has effectively forced the company to look to other ways to expand its operations.

This Cannabis Giant Only Generates 35% of Its Revenue From Its Marijuana Products. Here's Where the Rest Comes From.

NEW YORK, Jan. 17, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for December 2023, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended December 31, 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Nasdaq December 2023 Volumes and 4Q23 Statistics

Report reveals $3.1 trillion in illicit funds and money laundering globally in 2023 Global fraud losses totaled more than $485 billion last year NEW YORK, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Today, Nasdaq released its 2024 Global Financial Crime Report, a comprehensive new research initiative that provides insights to help quantify the problem of financial crime globally, elevate emerging threats related to this illicit activity, and uncover potential solutions towards a more integrated approach in the fight against financial criminals. This report brings together expert research and data, industry perspectives, and the voices of survivors to provide a unique view into the scale and impact of financial crime.

Nasdaq Releases First Global Financial Crime Report, Measuring the Scale and Human Impact of Financial Crime

Nasdaq (NDAQ) makes heavy investments in technology to enhance its offerings related to anti-fin crime protection.

Nasdaq (NDAQ) Leverages AI to Enhance Anti-Fin Crime Offerings

Argentina's Central Securities Depository (CSD) has successfully launched its new technology platform Rapidly accelerated launch timetable secures the platform's ability to meet significant increase in volumes BUENOS AIRES, Argentina and NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Caja de Valores, Argentina's Central Securities Depository (CSD), today announced it has launched a new technology platform using Nasdaq's CSD technology. The platform significantly enhances Caja de Valores' ability to meet immediate operational and performance needs, future proof the business, and position it to capture new growth opportunities.

Argentina's CSD Caja de Valores Adopts Nasdaq Technology to Modernize the Country's Post-Trade Infrastructure

NEW YORK, Jan. 10, 2024 (GLOBE NEWSWIRE) -- At the end of the settlement date of December 29, 2023, short interest in 3,166 Nasdaq Global MarketSM securities totaled 10,419,434,627 shares compared with 10,832,646,277 shares in 3,191 Global Market issues reported for the prior settlement date of December 15, 2023. The end of December short interest represent 2.60 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.88 days for the prior reporting period.

Nasdaq Announces End of Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date December 29, 2023

Canopy Growth

President Biden pardon of marijuana convictions has investors bullish on the prospects of marijuana legalization. But the process of legalization is by no means simple.

Investors Shouldn't Get Their Hopes Up for Marijuana Legalization in 2024: Here's Why

STOCKHOLM, Sweden, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today presented its yearly statistics for Nasdaq European markets. Despite the uncertainties in the wider global economy, the Nordic and Baltic regions maintained their position in capital markets in several key areas, including Sustainable Debt Market and SME listings. In total, the Nasdaq equity markets in Sweden, Denmark, Finland, Iceland and the Baltic countries welcomed 33 listings, including 7 initial public offerings (IPOs), raising a total of EUR 431 million risk capital (2022: EUR 0.76 bn) and EUR 11.6 bn in secondary offerings (2022: EUR 16.6 bn). With 19 listings, Nasdaq Stockholm also remained one of the most successful listings venues in Europe in 2023.

Nasdaq European Markets sustains its strong position in the SME listings and sustainable debt market in 2023

NEW YORK, Dec. 27, 2023 (GLOBE NEWSWIRE) -- At the end of the settlement date of December 15, 2023, short interest in 3,191 Nasdaq Global MarketSM securities totaled 10,832,646,277 shares compared with 10,851,113,277 shares in 3,183 Global Market issues reported for the prior settlement date of November 30, 2023. The mid-December short interest represents 2.88 days compared with 3.51 days for the prior reporting period.

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date December 15, 2023

NEW YORK, Dec. 26, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of SmileDirectClub, Inc. SmileDirectClub, Inc.'s securities were suspended on October 4, 2023, and have not traded on Nasdaq since that time.

Delisting of Securities of SmileDirectClub, Inc.; Bellerophon Therapeutics, Inc.; Elys Game Technology, Corp.'; Athersys, Inc.; Borqs Technologies, Inc.; ContraFect Corporation; CohBar, Inc.; AgileThought, Inc.; Fat Projects Acquisition Corp.; Evelo Biosc

U.K. chip designer Arm, which raised $5.2 billion in the year's biggest IPO, was among the companies to debut on Nasdaq.

Nasdaq Set to Beat NYSE in IPO Race for Fifth Year in a Row

NEW YORK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that it will host its 2024 Investor Day on Tuesday, March 5, 2024. The event will feature presentations on the company's operations and strategy, as well as question and answer sessions, with members of Nasdaq's senior leadership team including Adena Friedman, Chair and CEO, and Sarah Youngwood, Executive Vice President and CFO.

Nasdaq to Host 2024 Investor Day

NEW YORK, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) has scheduled its Fourth Quarter 2023 financial results announcement.

Nasdaq to Hold Fourth Quarter 2023 Investor Conference Call

NEW YORK, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) has been named to the  Dow Jones Sustainability Indices (DJSI), one of the most prestigious environmental, social, and governance (ESG) ranking benchmarks, for the eighth consecutive year. Nasdaq is one of 11 diversified financial services companies selected for inclusion in the North America index.

Nasdaq Named to Dow Jones Sustainability North America Index for the Eighth Consecutive Year

Nasdaq's head of global listing Karen Snow has fired a warning shot at the Square Mile in a BBC Radio 4 interview, telling interviewers that she “absolutely” believes that the trend of British businesses snubbing the London capital markets in favour of the US will continue. "We're having a lot of conversations with companies about listing in the US.

News for Nasdaq Stock (NDAQ)