Nasdaq, Inc. reported its financial results for the second quarter of 2025, highlighting double-digit net revenue growth across all divisions. The company's performance reflects resilience and a strong business model, with significant free cash flow generation. Nasdaq has successfully executed its capital allocation strategies, including debt repayment, and has surpassed its gross leverage milestone ahead of schedule. The management emphasized the importance of organic growth investments and opportunistic share repurchases to enhance long-term investor returns.
Additionally, Nasdaq's Board of Directors declared a quarterly cash dividend of $0.27 per share, payable on September 26, 2025, to shareholders of record as of September 12, 2025. Future dividends will depend on approval from the Board. Nasdaq continues to focus on delivering innovative solutions and improving operational efficiencies to support its clients and shareholders in the evolving financial landscape.
linkJul 24, 2025 07:19:55
Nasdaq, Inc. reported net revenue of $1.2 billion for the first quarter of 2025, marking an 11% increase compared to the same period in 2024. This growth was driven by a 9% rise in Solutions revenue and a 10% increase in Financial Technology revenue. The company also noted a significant growth in Annualized Recurring Revenue (ARR), which reached $2.8 billion, an 8% increase year-over-year. Earnings per share saw substantial growth, with GAAP diluted EPS rising by 69% and non-GAAP diluted EPS increasing by 24%. Nasdaq returned $138 million to shareholders through dividends and repurchased $115 million in common stock during the quarter, alongside repurchasing $279 million of senior unsecured notes.
In terms of strategic initiatives, Nasdaq highlighted its focus on integrating and innovating across its business segments. The company reported strong client engagement and product adoption, particularly in its Financial Technology division, which saw a 12% organic ARR growth. Nasdaq also emphasized its plans to expand U.S. market access with a 24/5 trading initiative set for 2026, pending regulatory approval. The company aims to capitalize on growth opportunities while continuing to manage its capital allocation strategy, which includes reducing debt and investing in organic growth.
linkApr 24, 2025 07:13:07
Nasdaq, Inc. announced the early results of its cash tender offers for up to $218,053,000 of its outstanding debt securities, reflecting an increase of $18,053,000 from a previously announced cap of $200,000,000. The offers include three series of notes with specific caps for each, and all conditions for the tender offers were satisfied by the Early Tender Date. The company plans to pay for the accepted notes on February 27, 2025, and the tender offers will remain open until March 11, 2025, or until terminated earlier.
However, since the amount of notes validly tendered exceeded the aggregate notes cap, the company will accept them on a prorated basis. This means that not all notes tendered will be purchased. The total consideration for each accepted note will be determined based on certain market factors, including a fixed spread and yield based on U.S. Treasury securities. The company intends to fund the purchases with available cash and other liquidity sources.
linkFeb 25, 2025 16:58:43
Nasdaq, Inc. has initiated cash tender offers to purchase up to $200 million of its outstanding debt securities, including various senior notes maturing in 2028, 2034, and 2052. The company aims to reduce its total outstanding public debt and will fund the purchases with available cash and other liquidity sources. The tender offers will expire on March 11, 2025, with an early tender date set for February 24, 2025, allowing holders to receive additional premiums if they participate early.
However, the tender offers are subject to certain conditions and do not require a minimum amount of notes to be tendered. The company reserves the right to adjust the caps on the tender offers without extending withdrawal rights. Additionally, the press release clarifies that it does not constitute an offer to sell or purchase the notes and urges holders to consult their own advisors before making decisions regarding the tender offers.
linkFeb 10, 2025 16:01:03
Nasdaq, Inc. reported a notable increase in its financial performance for 2024, with net revenues reaching $4.6 billion, a 19% rise from 2023. The fourth quarter alone saw net revenues of $1.2 billion, reflecting a 10% growth year-over-year. Solutions revenue grew significantly, with a 25% increase for the year, and the company achieved $2.8 billion in Annualized Recurring Revenue (ARR), marking a 7% rise. Additionally, Nasdaq returned $138 million to shareholders through dividends and repurchased $181 million in senior unsecured notes in the fourth quarter. The financial technology segment also showed strong performance, contributing to overall revenue growth and expanding client relationships through strategic initiatives.
On the downside, GAAP diluted earnings per share declined by 7% for the year, although it grew by 72% in the fourth quarter. The company's operating expenses increased by 23% for the year, primarily due to acquisitions and investments related to technology and personnel. While there was a decrease in operating expenses in the fourth quarter, the overall increase in annual expenses raised concerns about the sustainability of profit margins. The company also faced challenges in certain revenue streams, such as a decrease in U.S. tape plan revenue, which slightly offset gains in other areas.
linkJan 29, 2025 07:12:10
Nasdaq, Inc. announced impressive financial results for the third quarter of 2024, showcasing a 22% increase in net revenue compared to the previous year, reaching $1.1 billion. Solutions revenue grew by 26%, with notable contributions from the Financial Technology sector, which saw a remarkable 56% increase. The company's Annualized Recurring Revenue (ARR) also surged by 31%, indicating a robust demand for its services. Additionally, Nasdaq returned $226 million to shareholders through dividends and stock repurchases, highlighting its commitment to shareholder value.
However, despite the strong revenue growth, Nasdaq faced a decline in GAAP diluted earnings per share, which decreased by 11%. The increase in operating expenses, attributed largely to the acquisition of Adenza, raised concerns about cost management, as expenses grew 37% year-over-year. Nonetheless, the company is making strides in integrating its acquisitions and leveraging technology innovations, positioning itself for future growth while navigating these challenges.
linkOct 24, 2024 07:13:30
Nasdaq has appointed Stephanie Champion as the new head of Nasdaq Verafin, succeeding Brendan Brothers, who will transition to a senior advisory role. Champion, a 13-year veteran with extensive experience in the anti-financial crime sector, is expected to drive growth and enhance client relationships. Her leadership has already led to significant client acquisitions and revenue growth, positioning Nasdaq Verafin as a leader in financial crime management technology.
Jeremy Skule, Nasdaq's Chief Strategy Officer, will also take on the role of Executive Chair for the Financial Crime Management Technology business, supporting its strategic direction and global expansion. Both appointments reflect Nasdaq's commitment to addressing the significant challenges posed by financial crime, which impacts the global financial system. The leadership changes are seen as a positive step towards maintaining momentum and furthering Nasdaq Verafin's growth in the industry.
linkSep 06, 2024 16:16:34
Nasdaq announced a secondary offering of over 41 million shares held by a major stakeholder, with no proceeds going to the company. Additionally, Nasdaq plans to buy back 1.2 million shares to mitigate employee dilution. This move reflects Nasdaq's strategy to maintain shareholder value, though it indicates reliance on existing cash and borrowing for the repurchase.
linkJul 30, 2024 16:31:06
Nasdaq's Q2 2024 results show a 25% revenue increase to $1.2 billion, driven by strong growth in Solutions and Financial Technology. Annualized Recurring Revenue rose 29%. Despite a 30% drop in GAAP earnings per share, the company returned $138 million to shareholders and reduced debt. Positive trends include successful integration of acquisitions and a focus on innovation. However, rising operating expenses due to acquisitions raised concerns.
linkJul 25, 2024 07:18:03
Nasdaq finalized the acquisition of Adenza Holdings, issuing shares and cash. Pro forma financials show adjustments and future plans, cautioning on reliance due to preliminary nature. Adenza's 2023 revenue and operating income noted. Acquisition details and accounting procedures explained, with ongoing policy reviews. Financial information based on estimates, subject to change. Nasdaq aims to complete valuations within a year post-acquisition. Adenza's financial results and non-GAAP operating income available online.
linkApr 30, 2024 16:10:05