NASDAQ$NDAQ

Nasdaq Inc. · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Nasdaq's Q1 2024 results were reported, marked by double-digit growth in Solutions revenue.

Nasdaq reported a strong first quarter in 2024, with net revenues of $1.1 billion, a 22% increase year-over-year. Solutions revenue grew by 35%, driven by Financial Technology and Index revenues. The company returned $127 million to shareholders through dividends and repaid $340 million in term loan balance.

  • Net revenues increased by 22% to $1.1 billion, with 6% organic growth.
  • Solutions revenue grew by 35%, with 11% organic growth.
  • Financial Technology revenue increased by 71% to $392 million.
  • Index revenue increased by 53%, with ETP AUM surpassing $500 billion.

Headline financials

Total Revenue

$1.67B

Previous: $1.53B+9.2%
EPS

$0.40

Previous: $0.69-42.0%
IPOs on Nasdaq

27

Previous: 40-32.5%
IPOs Nordic/Baltic

1

Previous: 2-50.0%
New Listings Nasdaq

79

Previous: 81-2.5%
New Listings Nordic

2

Previous: 7-71.4%
Capital Expenditures

-$39M

Previous: -$40M+2.5%
Free Cash Flow

$195M

Previous: $262M-25.6%
Net Income

$234M

Previous: $302M-22.5%
Operating Income

$410M

Previous: $412M-0.5%
Gross Profit

$1.12B

Previous: $914M+22.2%
Cash & Equivalents

$388M

Previous: $373M+4.0%
Total Assets

$30.3B

Previous: $20.8B+45.7%
Stock-Based Comp

$30M

Previous: $26M+15.4%

Revenue & EPS history

Nasdaq · Revenue · Quarterly

$1.67B

Q1 2024+9.2%vs Q1 2023
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Nasdaq · $236M total across 1 segment · Q3 2023

  • Market Services
    $236M-22.6%

Forward guidance

Nasdaq updated its 2024 non-GAAP operating expense guidance to a range of $2.125 billion to $2.185 billion and maintained its 2024 non-GAAP tax rate guidance to be in the range of 24.5% to 26.5%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.8%

Avg return

30 days after

58%

40 / 69 earnings

Positive

+9.4%

Q1 2011

Best reaction

-6.4%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%+5.7%+5.4%
Q4 2025-1.3%-11.1%-11.3%
Q3 2025+1.6%-0.5%-2.1%
Q2 2025-0.2%-1.8%-1.7%
Q1 2025+1.7%+3.3%+11.3%
Q4 2024+0.7%+0.9%+2.0%
Q3 2024+1.1%+2.7%+9.7%
Q2 2024+6.7%+10.2%+12.1%
Q1 2024-2.2%-2.7%+1.2%
Q4 2023-2.3%-4.2%-3.3%
Q3 2023+2.7%-0.2%+7.1%
Q2 2023-3.4%-0.6%+0.8%
Q1 2023+1.6%+1.7%-0.5%
Q4 2022-2.9%-3.7%-7.9%
Q3 2022-0.6%+2.7%+14.5%
Q2 2022+9.2%+8.0%+17.4%
Q1 2022-6.4%-8.0%-19.3%
Q4 2021-1.5%+2.4%-1.3%
Q3 2021-4.8%-3.5%-0.5%
Q2 2021+2.5%+3.1%+4.3%
Q1 2021+0.0%+0.2%+2.6%
Q4 2020-1.5%-1.8%-2.0%
Q3 2020+0.8%-1.2%-2.1%
Q2 2020+0.3%-0.4%-0.8%
Q1 2020-1.3%+6.0%+9.6%
Q4 2019+4.3%+6.0%-7.7%
Q3 2019+3.2%+0.9%+6.7%
Q2 2019-3.2%-4.2%-3.3%
Q1 2019-0.2%+2.0%+0.4%
Q4 2018+2.6%+1.3%+7.2%
Q3 2018+2.4%+3.0%+7.6%
Q2 2018-1.2%-2.9%-0.5%
Q1 2018+2.2%+2.4%+7.6%
Q4 2017-0.6%-5.4%-1.5%
Q3 2017-1.6%-1.4%+5.2%
Q2 2017+2.2%+2.2%+4.1%
Q1 2017-2.6%-3.0%-4.2%
Q4 2016+3.7%+3.2%+4.5%
Q3 2016-3.6%-3.6%-1.0%
Q2 2016+3.5%+4.3%+2.9%
Q1 2016-2.4%
Q4 2015+6.4%
Q3 2015+6.2%
Q2 2015+0.3%
Q1 2015-0.6%
Q4 2014+1.3%
Q3 2014-0.8%
Q2 2014+2.9%
Q1 2014-1.5%
Q4 2013+0.2%
Q3 2013+6.2%
Q2 2013-1.8%
Q1 2013+0.9%
Q4 2012+2.5%
Q3 2012-1.1%
Q2 2012+6.3%
Q1 2012-0.9%
Q4 2011+2.1%
Q3 2011+1.3%
Q2 2011-2.9%
Q1 2010+0.0%
Q1 2011+9.4%
Q4 2008+1.5%
Q4 2010+1.5%
Q3 2009+1.8%
Q3 2010+1.8%
Q2 2010+1.3%
Q4 2009+1.3%
Q2 2009+1.3%

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