earnings
confidence high
sentiment neutral
materiality 0.75
Nasdaq Q1 net rev $1.12B (+22%), GAAP EPS $0.40 (-34%), raises dividend 9% to $0.24
NASDAQ, INC.
2024-Q1 EPS reported
$0.40
revenue$1,674,000,000
- Solutions revenue $871M (+35% YoY, +11% organic); Index revenue $168M (+53%), ETP AUM >$500B.
- Market Services net rev $237M (-9% YoY) on declines in U.S. equity derivatives, tape plan, cash equities.
- Non-GAAP diluted EPS $0.63 (-9% reported, +6% organic); non-GAAP op expense guidance updated to $2,125-2,185M.
- Quarterly dividend increased 9% to $0.24/share, payable June 28 to holders of record June 14.
- Returned $127M via dividends; no share repurchases in Q1; repaid remaining $340M term loan balance.