secwatch.observer — SEC 8-K summary
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Issuer:     NASDAQ, INC. (NDAQ)
CIK:        0001120193
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001193125-25-092227
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nasdaq Q1 revenue $1.24B (+11% YoY), EPS $0.68 GAAP (+69%), div raised 13% to $0.27
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- Net revenue $1.237B (+11% YoY, +12.5% adjusted); GAAP diluted EPS $0.68 (+69%), non-GAAP $0.79 (+24%).
- Solutions revenue $947M (+9% YoY, +11% adjusted); ARR $2.83B (+8%, +9% organic); FinTech $432M (+10%).
- Market Services net revenue $281M (+19%); Index revenue $193M (+14%, +26% adjusted); $86B net inflows TTM.
- Quarterly dividend raised 13% to $0.27 per share, payable June 27 to holders of record June 13, 2025.
- Updated 2025 non-GAAP opex guidance to $2.265-$2.325B; maintained tax rate 22.5%-24.5%; Moody's upgraded debt to Baa1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1120193/000119312525092227/0001193125-25-092227-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1120193/000119312525092227/d859494d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-092227

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer