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.

Tech stocks have been in a terrible place lately due to high inflation, upcoming rate hikes, and the impact this has on the economy.

Nasdaq: High Quality Dividend Growth In Tech

NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that AstraZeneca PLC – ADR (Nasdaq: AZN), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX) and the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) prior to market open on Tuesday, February 22, 2022. AstraZeneca PLC – ADR will replace Xilinx, Inc. (Nasdaq: XLNX) in the NASDAQ-100 Index® and the NASDAQ-100 Equal Weighted Index.

AstraZeneca PLC – ADR to Join the NASDAQ-100 Index Beginning February 22, 2022

SNDL Inc.

These are not the kind of splits investors usually look forward to.

Is a Reverse Stock Split Coming for These 2 Pot Stocks?

NEW YORK, Feb. 08, 2022 (GLOBE NEWSWIRE) --  The Nasdaq Stock Market announced today that it will delist the common stock of China XD Plastics Company Limited. China XD Plastics Company Limited's common stock was suspended on October 29, 2021 and has not traded on Nasdaq since that time.

Delisting of Securities of China XD Plastics Company Limited and Advaxis, Inc. from The Nasdaq Stock Market

Nasdaq's recurring revenue and growth optionality offer promising long-term potential.

2 Reasons Nasdaq Is My Top Dividend Growth Stock to Own in 2022

NEW YORK, Feb. 03, 2022 (GLOBE NEWSWIRE) -- On February 2, 2022, Exelon Corp. (Nasdaq: EXC) announced it completed the separation of Constellation Energy Corp. (Nasdaq: CEG), Exelon's former power generation and competitive energy business. Upon the completion of this spin-off transaction, Constellation Energy Corp. was added to the NASDAQ-100 Index® (Nasdaq: NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) and the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) on February 2, 2022.

Constellation Energy Corp. Joined the NASDAQ-100 Index on February 2, 2022

NEW YORK, Feb. 02, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for January 2022 on its investor relations website. A data sheet showing the monthly volumes and quarterly capture rates can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Nasdaq January 2022 Volumes

NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (the “Company”) (Nasdaq: NDAQ) today announced that it has entered into an accelerated stock repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman Sachs”), to repurchase $325 million of the Company's common stock. The ASR was entered into pursuant to the Company's share repurchase program, under which $784 million remained available as of January 25, 2022.

Nasdaq, Inc. Announces $325 Million Accelerated Stock Repurchase Program

NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) -- At the end of the settlement date of January 14, 2022, short interest in 3,219 Nasdaq Global MarketSM securities totaled 9,093,765,057 shares compared with 8,918,375,713 shares in 3,160 Global Market issues reported for the prior settlement date of December 31, 2021. The mid-January short interest represents 3.10 days compared with 2.48 days for the prior reporting period.

Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date January 14, 2022

Nasdaq's (NDAQ) CEO Adena Friedman on Q4 2021 Results - Earnings Call Transcript

Nasdaq's (NDAQ) Q4 results reflect growth in Market Services, Corporate Platforms, Investment Intelligence and Market Technology segments.

Nasdaq's (NDAQ) Q4 Earnings and Revenues Surpass Estimates

Nasdaq (NDAQ) delivered earnings and revenue surprises of 8.43% and 2.55%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Nasdaq (NDAQ) Beats Q4 Earnings and Revenue Estimates

NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc. today announced its inclusion in the 2022 Bloomberg Gender-Equality Index (GEI) for the second consecutive year. The GEI is a modified market capitalization-weighted index that tracks the performance of public companies committed to transparency in gender-data reporting. Nasdaq is one of 418 companies across 45 countries and regions to be named to the 2022 index.

Nasdaq Named to 2022 Bloomberg Gender-Equality Index

Nasdaq Inc on Wednesday reported a nearly 16% jump in fourth-quarter profit that topped Wall Street estimates, buoyed by the frenetic pace of U.S. initial public offerings and strong demand for its investment-related products.

Nasdaq profit beats estimates on IPO rush, investment products demand

NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Nasdaq, Inc. (Nasdaq: NDAQ) has declared a regular quarterly dividend of $0.54 per share on the company's outstanding common stock. The dividend is payable on March 25, 2022 to shareholders of record at the close of business on March 11, 2022. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

Nasdaq Announces Quarterly Dividend of $0.54 Per Share

NEW YORK, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the fourth quarter of 2021 and full year 2021.

Nasdaq Reports Fourth Quarter and Full Year 2021 Results; Delivers Strong Growth in Revenue and EPS

NASDAQ is scheduled to report its fiscal Q4 2021 results on Wednesday, January 26, 2022. We expect NASDAQ to miss the consensus estimates for revenues and earnings.

NASDAQ Stock To Miss The Street Expectations In Q4?

NEW YORK, Jan. 24, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market announced today that it will delist the common stock of iFresh Inc. iFresh Inc.'s common stock was suspended on November 23, 2021 and has not traded on Nasdaq since that time.

Delisting of Securities of iFresh Inc. and Odonate Therapeutics, Inc. from The Nasdaq Stock Market

Nasdaq's (NDAQ) fourth-quarter performance is likely to have benefited from higher organic growth and contributions from the acquisition of Verafin.

What's in the Cards for Nasdaq (NDAQ) This Earnings Season?

- Solidified Nasdaq position as the leading European listings hub with 219 new equity listings, including a record number of 174 initial public offerings (IPOs), raising a total of EUR 13.4 billion - Retail inflow and large interest in SME trading spurred all-time high levels in equity and derivative trading - Continued to lead in ESG with venture investment in Puro.earth and new product launches

Nasdaq's European Markets Delivered Record Year in 2021

Nasdaq (NDAQ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Nasdaq (NDAQ) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) -- The Nasdaq Stock Market, LLC (“Nasdaq”) today announced that it censured SpeedRoute LLC (“SpeedRoute”) and fined the firm $450,000 for violating various provisions of Rule 15c3-5 of the Securities Exchange Act of 1934 (known as the Market Access Rule) over a nearly five-year period, from January 2017 through November 2021. As a result of these violations, the Firm failed to prevent the transmission of numerous erroneous orders, resulting in the filing of 30 clearly erroneous execution petitions.

Nasdaq Fines SpeedRoute $450,000 for Market Access and Supervision Violations

NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Nasdaq (Nasdaq: NDAQ) today announced that Old Dominion Freight Line, Inc. (Nasdaq: ODFL), will become a component of the NASDAQ-100 Index® (Nasdaq: NDX), the NASDAQ-100 Equal Weighted Index (Nasdaq: NDXE) and the NASDAQ-100 Ex-Technology Index (Nasdaq: NDXX) prior to market open on Monday, January 24, 2022. Old Dominion Freight Line, Inc. will replace Peloton Interactive, Inc. (Nasdaq: PTON) in the NASDAQ-100 Index®, the NASDAQ-100 Equal Weighted Index and the NASDAQ-100 Ex-Technology Index.

Old Dominion Freight Line, Inc. to Join the NASDAQ-100 Index Beginning January 24, 2022

NEW YORK, Jan. 11, 2022 (GLOBE NEWSWIRE) -- At the end of the settlement date of December 31, 2021, short interest in 3,160 Nasdaq Global MarketSM securities totaled 8,918,375,713 shares compared with 8,912,688,445 shares in 3,103 Global Market issues reported for the prior settlement date of December 15, 2021. The end-of-December short interest represent 2.48 days average daily Nasdaq Global Market share volume for the reporting period, compared with 2.40 days for the prior reporting period.

Nasdaq Announces End-of-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date December 31, 2021

Nasdaq's (NDAQ) U.S. equity options and European options and futures volume increased year over year in fourth quarter 2021.

News for Nasdaq Stock (NDAQ)