---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-258050"
form_type: "8-K"
ticker: "NDAQ"
cik: "0001120193"
company_name: "NASDAQ, INC."
filed_at: "2023-10-18T23:59:59+00:00"
generated_at: "2026-06-09T21:40:44.759985+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nasdaq Q3 net revenue up 6% to $940M; non-GAAP EPS $0.71; Adenza close expected Q4

## Summary
- Net revenues $940M (+6% YoY); GAAP EPS $0.60 (+2%), non-GAAP EPS $0.71 (+4%).
- Solutions Businesses revenue up 9% (organic 8%); ARR $2.08B (+6%); Anti-Financial Crime revenue +21%.
- Trading Services net revenue $236M (-1% YoY) reflecting organic decline.
- Adenza antitrust review completed; transaction expected to close in Q4 2023.
- Quarterly dividend $0.22/share declared, payable Dec 22; share repurchase authorization increased to $2.0B.

## SEC filing metadata
- accession: 0001193125-23-258050
- form_type: 8-K
- ticker: NDAQ
- cik: 0001120193
- company_name: NASDAQ, INC.
- filed_at: 2023-10-18T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1120193/000119312523258050/0001193125-23-258050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1120193/000119312523258050/d558543d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-258050
- JSON: https://secwatch.observer/filing/0001193125-23-258050.json
- Plain text: https://secwatch.observer/filing/0001193125-23-258050.txt

## Key facts
- Earnings Releases
  NASDAQ, INC. reported the third quarter of 2023 results: revenue $940 million, EPS $0.60.
  - Period: the third quarter of 2023
  - Revenue: $940 million
  - EPS: $0.60
  - Result: reported results
  source text: and repurchase shares in the coming quarters to achieve our financial goals with the announced Adenza acquisition.” FINANCIAL REVIEW • Third quarter 2023 net revenues were $940 million, an increase of $50 million, or 6%, from $890 million in the prior year period. Net revenues reflected a $47 million, or 5%, positive impact from organic growth, including
  evidence_url: https://www.sec.gov/Archives/edgar/data/1120193/000119312523258050/0001193125-23-258050-index.htm

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