NASDAQ$NDAQ
Nasdaq Inc. · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Nasdaq reported strong Q3 2024 results, driven by double-digit solutions revenue growth and the Adenza acquisition.
Nasdaq reported Q3 2024 net revenue of $1.1 billion, a 22% increase year-over-year, with Solutions revenue up 26%. The company's GAAP diluted EPS decreased by 11%, while non-GAAP diluted EPS increased by 5%. Nasdaq returned $138 million to shareholders through dividends and $88 million through share repurchases.
- Net revenue increased by 22% year-over-year, reaching $1.1 billion.
- Solutions revenue grew by 26% compared to the prior year period.
- ARR increased by 31% year-over-year.
- Financial Technology revenue increased by 56% over the third quarter of 2023.
Headline financials
Revenue & EPS history
Nasdaq · Revenue · Quarterly
$1.9B
Revenue by segment
Nasdaq · $236M total across 1 segment · Q3 2023
- Market Services$236M-22.6%100.0%
Forward guidance
Nasdaq is updating its 2024 non-GAAP operating expense guidance to a range of $2,150 million to $2,180 million, and is updating its 2024 non-GAAP tax rate guidance to be in the range of 23.5% to 24.5%.
Tailwinds
- The company is actioning more than 80% of its net expense synergy target.
- Nasdaq continues to delever ahead of plan.
- Nasdaq reached new milestones in deploying AI tools and products.
- The company launched an internal Generative AI platform with custom-built efficiency tools.
- Calypso also announced an AI-based solution for X-Value Adjustments (XVA) with up to 100 times faster processing speeds.
Headwinds
- U.S. GAAP operating expense and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement in foreign currency rates, as well as future charges or reversals outside of the normal course of business.
- Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control.
- Economic, political and market conditions and fluctuations, geopolitical instability, government and industry regulation, interest rate risk, U.S. and global competition could affect the results.
- Nasdaq's ability to implement its strategic initiatives could affect the results.
- Any litigation or regulatory or government investigation or action to which we are or could become a party could affect the results.
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 Q3 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
| 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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