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.

NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for October 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Nasdaq October 2023 Volumes

NEW YORK , Nov. 1, 2023 /PRNewswire/ -- Brooklyn Investment Group, LLC in partnership with Nasdaq (Nasdaq: NDAQ), today announced the launch of the Nasdaq-Brooklyn ADR™ Index, designed specifically for direct indexing and tax-loss harvesting strategies implemented in separately managed accounts (SMAs) to address their greater liquidity requirements. The index leverages a liquidity-adjusted weighting methodology to scale index weights down for American Depositary Receipts (ADRs) with liquidity below the underlying stock's market value.

Brooklyn Investment Group Launches Innovative American Depositary Receipts (ADR) Index in Partnership with Nasdaq

NEW YORK, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the completion of its acquisition of Adenza, a provider of mission-critical risk management, regulatory reporting, and capital markets software to the financial services industry, from Thoma Bravo, a leading software investment firm. The acquisition advances Nasdaq's transformation, further expanding the company's capabilities to support the world's financial institutions with mission-critical solutions designed to manage risk and compliance, strengthen integrity, and enhance market and trading infrastructure.

Nasdaq Completes Acquisition of Adenza

NEW YORK and SINGAPORE, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) and Moomoo Singapore, a fully digitalized brokerage and wealth management platform, announced today that Moomoo Singapore will leverage Nasdaq Trade Surveillance technology to advance its surveillance and market integrity efforts. Aligning with the company's mission to provide retail investors a seamless, trustworthy trading experience, the move reinforces the digital brokerage's commitment to safeguarding market integrity, promoting fair trading practices and maintaining a secure trading environment. With 30 years of expertise and a growing community of retail brokers, Nasdaq Trade Surveillance will enable Moomoo Singapore to adapt their surveillance programs to help better protect their investors and meet regulatory obligations.

Moomoo Singapore Deploys Nasdaq Trade Surveillance Solutions to Uphold Market Integrity

NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) will be presenting at the following conference with a webcast available at Nasdaq's Investor Relations website: ir.nasdaq.com/events.cfm.

Nasdaq Chair & CEO Adena Friedman to Present at the J.P. Morgan Ultimate Services Investor Conference

NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- At the end of the settlement date of October 13, 2023, short interest in 3,231 Nasdaq Global MarketSM securities totaled 10,705,010,843 shares compared with 10,707,778,036 shares in 3,232 Global Market issues reported for the prior settlement date of September 29, 2023. The mid-October short interest represents 3.25 days compared with 2.94 days for the prior reporting period.

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date October 13, 2023

Cboe Global Markets

CME Group

Coinbase

Intercontinental Exchange

Product innovation, increased market volatility and a strategic economic market model are expected to aid Securities and Exchanges stocks like CME, ICE, CBOE, NDAQ and COIN. However, compliance with regulations remains a challenge.

5 Securities and Exchanges to Gain From Increased Trading

Nasdaq's (NDAQ) Q3 results reflect organic growth and solid performance of the Solutions segment.

Nasdaq's (NDAQ) Q3 Earnings Top, Expense View Tightened

Nasdaq, Inc. (NASDAQ:NDAQ ) Q3 2023 Earnings Conference Call October 18, 2023 8:00 AM ET Company Participants Ato Garrett - SVP, IR Adena Friedman - Chair & CEO Ann Dennison - CFO Conference Call Participants Michael Cho - JPMorgan Kyle Voigt - KBW Michael Cyprys - Morgan Stanley Craig Siegenthaler - Bank of America Owen Lau - Oppenheimer Brian Bedell - Deutsche Bank Simon Clinch - Redburn Atlantic Operator Good morning, and welcome to Nasdaq Third Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode.

Nasdaq, Inc. (NDAQ) Q3 2023 Earnings Call Transcript

The headline numbers for Nasdaq (NDAQ) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Nasdaq (NDAQ) Q3 Earnings: A Look at Key Metrics

Nasdaq (NDAQ) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.68 per share a year ago.

Nasdaq (NDAQ) Surpasses Q3 Earnings and Revenue Estimates

Nasdaq Inc reported a solid jump in third quarter revenue, drievn by demand for anti-financial crime products, and a marked improvement in free cash flow. The financial services company said third quarter net revenues increased 6% to $940 million from the year prior with Solutions Businesses revenue up 9%, with organic growth of 8%.

Nasdaq supported by rising demand for anti-financial crime solutions

NEW YORK, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the third quarter of 2023.

Nasdaq Reports Third Quarter 2023 Results; Broad-Based Growth Drives Solutions Businesses Revenue Acceleration

Nasdaq's (NDAQ) third-quarter performance is likely to have been aided by solid organic revenue growth, strong performance at Market Platforms businesses, data and listing services revenues and contributions from the Adenza acquisition.

Is a Beat in Store for Nasdaq (NDAQ) This Earnings Season?

Nasdaq (NDAQ) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for Nasdaq (NDAQ) This Earnings Season?

Nasdaq (NDAQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Nasdaq (NDAQ) is Poised to Beat Earnings Estimates Again

NEW YORK, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of Humanigen, Inc. Humanigen, Inc.'s securities were suspended on July 26, 2023, and have not traded on Nasdaq since that time.

Delisting of Securities of Humanigen, Inc.; Vinco Ventures, Inc.; Liquid Media Group Ltd.; Republic First Bancorp, Inc.; G Medical Innovations Holdings Ltd.

NEW YORK, Oct. 10, 2023 (GLOBE NEWSWIRE) -- At the end of the settlement date of September 29, 2023, short interest in 3,232 Nasdaq Global MarketSM securities totaled 10,707,778,036 shares compared with 10,586,849,412 shares in 3,247 Global Market issues reported for the prior settlement date of September 15, 2023. The end of September short interest represents 2.94 days average daily Nasdaq Global Market share volume for the reporting period, compared with 3.23 days for the prior reporting period.

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

NEW YORK, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for September 2023, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended September 30, 2023 on its investor relations website. A data sheet showing this information can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Nasdaq September 2023 Volumes and 3Q23 Statistics

STOCKHOLM, Sweden, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced the launch of Nasdaq Custom Basket Forwards. The Custom Basket Forwards solution meets the increasing market demand for a simpler and more efficient way of handling equity exposures by utilizing standardized contracts on the regulated market.

Nasdaq Launches Custom Basket Forwards

Improving organic growth, focus on ramping up the on-trading revenue base, buyouts to capitalize on growing market opportunities and effective capital deployment poise Nasdaq (NDAQ) for growth.

Here's Why You Should Stay Invested in Nasdaq (NDAQ) Stock Now

Deutsche Boerse AG

Investors with an interest in Securities and Exchanges stocks have likely encountered both Deutsche Boerse AG (DBOEY) and Nasdaq (NDAQ). But which of these two stocks offers value investors a better bang for their buck right now?

DBOEY vs. NDAQ: Which Stock Should Value Investors Buy Now?

NEW YORK, Sept. 26, 2023 (GLOBE NEWSWIRE) -- At the end of the settlement date of September 15, 2023, short interest in 3,247 Nasdaq Global MarketSM securities totaled 10,586,849,412 shares compared with 10,277,162,921 shares in 3,267 Global Market issues reported for the prior settlement date of August 31, 2023. The mid-September short interest represents 3.23 days compared with 3.40 days for the prior reporting period.

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

NEW YORK, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) has scheduled its Third Quarter 2023 financial results announcement.

Nasdaq to Hold Third Quarter 2023 Investor Conference Call

Aurora Cannabis

Canopy Growth

Shares of Canopy Growth and Aurora Cannabis have more than doubled in just a few weeks. The U.S. government potentially rescheduling marijuana has gotten investors extremely bullish on pot stocks.

News for Nasdaq Stock (NDAQ)