NASDAQ$NDAQ
Nasdaq Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Nasdaq's Q2 2023 financial results were released, showcasing revenue growth and strategic advancements.
Nasdaq reported a 4% increase in net revenues compared to Q2 2022, driven by a 6% rise in Solutions businesses revenues. The company's GAAP diluted EPS decreased by 13%, while non-GAAP diluted EPS increased by 3%. Nasdaq returned $109 million to shareholders through dividends and announced the acquisition of Adenza to expand its technology offerings.
- Net revenues increased by 4% compared to the second quarter of 2022.
- Solutions businesses revenues grew by 6%, with organic growth also at 6%.
- Anti-Financial Crime revenue increased by 19% compared to the second quarter of 2022.
- The company returned $109 million to shareholders through dividends.
Headline financials
Revenue & EPS history
Nasdaq · Revenue · Quarterly
$1.43B
Revenue by segment
Nasdaq · $397M total across 1 segment · Q2 2023
- Market Services$397M+28.1%100.0%
Forward guidance
Nasdaq updated its 2023 non-GAAP operating expense guidance to a range of $1,785 million to $1,815 million and expects its 2023 non-GAAP tax rate to be in the range of 24% to 26%.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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