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.

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Earnings data Q1 2022

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Earnings data Q1 2023

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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.

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.

Nasdaq scouting more UK companies as delisting trend continues

Leading U.S. exchange by number of IPOs and proceeds raised for the fifth consecutive year Featured the largest IPO, spin switch, switch, and SPAC combo switch 3 of the top 5 largest global IPOs by proceeds raised listed on Nasdaq $374 billion in market value switched to Nasdaq NEW YORK, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) announced today that in 2023 it welcomed 125 initial public offerings (IPOs), raising a total of $13 billion. A total of 100 operating companies and 25 SPACs listed on Nasdaq this year, representing an 86%-win rate of Nasdaq-eligible IPOs in the U.S. market, and extending Nasdaq's leadership for the fifth consecutive year.

Nasdaq Welcomes 125 IPOs and 26 Exchange Transfers in 2023

NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced an update to the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX). Per the announcement by Pfizer Inc. (NYSE: PFE), the pending acquisition of Seagen, Inc. (Nasdaq: SGEN) is expected to close on December 14, 2023. As a result, Take-Two Interactive Software, Inc. (Nasdaq: TTWO), will be added to the Nasdaq-100 Index® and Seagen, Inc. will be removed as part of the annual reconstitution, which will become effective prior to market open on Monday, December 18, 2023.

Update: Annual Changes to the Nasdaq-100® Index

LONDON, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Sucden Financial, the multi-asset execution, clearing, and liquidity provider, and Nasdaq (Nasdaq: NDAQ) today announced that they have agreed to extend their risk technology partnership, which will further enhance Sucden Financial's ability to monitor, manage, and mitigate market and liquidity risk globally.

Sucden Financial Expands Risk Technology Partnership with Nasdaq to Enhance Market Coverage and Data Analytics

NEW YORK, Dec. 11, 2023 (GLOBE NEWSWIRE) -- At the end of the settlement date of November 30, 2023, short interest in 3,183 Nasdaq Global MarketSM securities totaled 10,851,113,277 shares compared with 10,924,879,396 shares in 3,169 Global Market issues reported for the prior settlement date of November 15, 2023. The end of November short interest represent 3.51 days average daily Nasdaq Global Market share volume for the reporting period, compared with 3.06 days for the prior reporting period.

Nasdaq Announces End of Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date November 30, 2023

NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the results of the annual reconstitution of the Nasdaq-100 Index® (Nasdaq: NDX), which will become effective prior to market open on Monday, December 18, 2023.

Annual Changes to the Nasdaq-100 Index®

STOCKHOLM, Sweden, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announces the appointment of Roland Chai as President of European Market Services, effective 1 January 2024. In this role, he will lead Nasdaq´s multi-asset trading, clearing, listings, and market services businesses across Europe, including Sweden, Denmark, Finland, Iceland, Estonia, Latvia, and Lithuania stock exchanges.

Nasdaq Appoints Roland Chai as President of European Market Services

Nasdaq's institutional grade infrastructure to underpin creation of a single market for the three countries of Chile, Perú, and Colombia

nuam exchange and Nasdaq Form Strategic Technology Partnership to Develop New Marketplace in Latin America

NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for November 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Nasdaq November 2023 Volumes

Technology Securely Digitizes the Issuance, Settlement, and Custody of Carbon Credits Service Uses Smart Contract Language, Deployed via Private Centralized Database or Private, Blockchain Technology for Enterprises Puro.earth to Register Carbon Removal Credits Using the Technology NEW YORK, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the launch of a pioneering new technology that securely digitizes the issuance, settlement, and custody of carbon credits. It will be provided to market infrastructures, registry platforms, and other service providers globally.

Nasdaq Launches New Technology to Scale Global Carbon Markets

NEW YORK, Nov. 27, 2023 (GLOBE NEWSWIRE) -- At the end of the settlement date of November 15, 2023, short interest in 3,169 Nasdaq Global MarketSM securities totaled 10,924,879,396 shares compared with 10,847,253,689 shares in 3,200 Global Market issues reported for the prior settlement date of October 31, 2023. The mid-November short interest represents 3.06 days compared with 3.15 days for the prior reporting period.

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

Nasdaq (NDAQ) is poised to gain from improving organic growth, its focus on ramping up the on-trading revenue base, buyouts to capitalize on growing market opportunities and effective capital deployment.

Here's Why Hold Strategy is Apt for Nasdaq (NDAQ) Stock Now

Nasdaq's Solutions Business, which includes data analytics and software, is driving recurring revenue growth and is expected to contribute 77% of the group's revenue. The acquisition of Adenza is expected to accelerate Nasdaq's transformation into a software and technology company, with potential for substantial revenue synergy. Growth drivers within the Solutions Business include anti-financial crime solutions, marketplace technology, workflow and insights, and Nasdaq index.

Nasdaq: Becoming A Software And Technology Company With Solutions Business

NEW YORK, Nov. 17, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the securities of Genesis Growth Tech Acquisition Corp. Genesis Growth Tech Acquisition Corp.'s securities were suspended on July 25, 2023, and have not traded on Nasdaq since that time.

Delisting of Securities of Genesis Growth Tech Acquisition Corp.; Financial Strategies Acquisition Corp.; Kiromic BioPharma, Inc.; Infinity Pharmaceuticals, Inc.; Molekule Group, Inc.; EBET, Inc.; Shift Technologies, Inc.; Ontrak, Inc.; RVL Pharmaceutical

Nasdaq (NDAQ) reported earnings 30 days ago. What's next for the stock?

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