---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-014728"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:10:03.627165+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Nasdaq Q4 net revs up 2% to $906M; FY2022 net revs up 5% to $3.58B; non-GAAP EPS up 6%

## Summary
- FY2022 net revenues $3,582M (+5% YoY); Solutions revs +9% (10% organic); Trading Services -2%.
- GAAP diluted EPS $2.26 (-4% YoY); Non-GAAP diluted EPS $2.66 (+6% YoY).
- ARR $2,007M (+8% YoY); Annualized SaaS revs $725M (+13% YoY), 36% of ARR.
- Q4 net revenues $906M (+2% YoY); Trading Services net revs $253M (+1% YoY).
- 2023 non-GAAP opex guidance $1,770-1,850M; tax rate 24-26%; $650M buyback authorization remaining.

## SEC filing metadata
- accession: 0001193125-23-014728
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312523014728/0001193125-23-014728-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312523014728/d100006d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-014728
- JSON: https://secwatch.observer/filing/0001193125-23-014728.json
- Plain text: https://secwatch.observer/filing/0001193125-23-014728.txt

## Key facts
- Earnings Releases
  NASDAQ, INC. reported the full fiscal year of 2022 results: revenue $3,582 million, EPS $2.26. Guidance initiated.
  - Period: the full fiscal year of 2022
  - Revenue: $3,582 million
  - EPS: $2.26
  - Guidance: initiated
  - Result: reported results
  source text: Revenue Growth in 2022 NEW YORK, January 25, 2023 - Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the fourth quarter and year 2022. • 2022 net revenues 1 were $3,582 million, an increase of 5% over 2021. Solutions businesses 2 revenues increased 9%, including 10% organic growth and 1% from the net impact of an acquisition, partially offset by a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312523014728/0001193125-23-014728-index.htm
- Earnings Releases
  NASDAQ, INC. reported the fourth quarter of 2022 results: revenue $906 million, EPS $0.48. Guidance initiated.
  - Period: the fourth quarter of 2022
  - Revenue: $906 million
  - EPS: $0.48
  - Guidance: initiated
  - Result: reported results
  source text: million decrease from the impact of changes in FX rates and a $7 million decrease from the net impact of acquisitions and divestitures. • Fourth quarter 2022 net revenues were $906 million, an increase of $21 million, or 2%, from $885 million in the prior year period. Net revenues reflected a $41 million, or 5%, positive impact from organic growth, including
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312523014728/0001193125-23-014728-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.