Nasdaq Past Earnings Performance

Past criteria checks 2/6

Nasdaq has been growing earnings at an average annual rate of 12%, while the Capital Markets industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 7.9% per year. Nasdaq's return on equity is 9.1%, and it has net margins of 16%.

Key information

12.0%

Earnings growth rate

11.7%

EPS growth rate

Capital Markets Industry Growth	10.3%
Revenue growth rate	7.9%
Return on equity	9.1%
Net Margin	16.0%
Last Earnings Update	31 Mar 2024

Recent past performance updates

Recent updates

Nasdaq (NASDAQ:NDAQ) Is Increasing Its Dividend To $0.24

May 03

Nasdaq: Operating Leverage Embedded Given Revenue Mix; Multiple Expansion Is Warranted

Apr 26

Nasdaq, Inc.'s (NASDAQ:NDAQ) Business Is Trailing The Market But Its Shares Aren't

Apr 05

Revenue & Expenses Breakdown
Beta

How Nasdaq makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:NDAQ Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Mar 24	6,205	991	1,836
31 Dec 23	6,064	1,059	1,732
30 Sep 23	5,999	1,103	1,658
30 Jun 23	6,105	1,103	1,649
31 Mar 23	6,224	1,143	1,637
31 Dec 22	6,226	1,125	1,630
30 Sep 22	6,111	1,143	1,602
30 Jun 22	5,910	1,138	1,590
31 Mar 22	5,770	1,173	1,555
31 Dec 21	5,886	1,187	1,519
30 Sep 21	5,881	1,153	1,493
30 Jun 21	5,937	1,128	1,416
31 Mar 21	5,923	1,028	1,365
31 Dec 20	5,625	933	1,356
30 Sep 20	5,228	911	1,297
30 Jun 20	4,913	797	1,270
31 Mar 20	4,576	730	1,265
31 Dec 19	4,258	774	1,208
30 Sep 19	4,333	527	1,221
30 Jun 19	4,199	540	1,218
31 Mar 19	4,165	528	1,208
31 Dec 18	4,277	458	1,235
30 Sep 18	4,160	748	1,215
30 Jun 18	4,163	754	1,209
31 Mar 18	4,130	738	1,201
31 Dec 17	3,948	729	1,155
30 Sep 17	3,902	258	1,152
30 Jun 17	3,865	220	1,157
31 Mar 17	3,769	144	1,140
31 Dec 16	3,704	106	1,118
30 Sep 16	3,597	481	1,073
30 Jun 16	3,540	488	1,032
31 Mar 16	3,450	551	1,017
31 Dec 15	3,403	428	1,023
30 Sep 15	3,458	366	1,016
30 Jun 15	3,404	351	1,016
31 Mar 15	3,460	320	1,037
31 Dec 14	3,500	414	1,066
30 Sep 14	3,429	469	1,054
30 Jun 14	3,416	460	1,076
31 Mar 14	3,365	446	1,027
31 Dec 13	3,211	385	977
30 Sep 13	3,117	330	907
30 Jun 13	3,058	304	837

Quality Earnings: NDAQ has high quality earnings.

Growing Profit Margin: NDAQ's current net profit margins (16%) are lower than last year (18.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: NDAQ's earnings have grown by 12% per year over the past 5 years.

Accelerating Growth: NDAQ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: NDAQ had negative earnings growth (-13.3%) over the past year, making it difficult to compare to the Capital Markets industry average (6.1%).

Nasdaq Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

First quarter 2024 earnings: EPS misses analyst expectations

Nasdaq, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Nasdaq, Inc. to Report Q4, 2023 Results on Jan 31, 2024

Third quarter 2023 earnings: EPS exceeds analyst expectations

Recent updates

Nasdaq (NASDAQ:NDAQ) Is Increasing Its Dividend To $0.24

First quarter dividend increased to US$0.24

Nasdaq, Inc., Annual General Meeting, Jun 11, 2024

Nasdaq: Operating Leverage Embedded Given Revenue Mix; Multiple Expansion Is Warranted

Nasdaq Announces Quarterly Dividend, Payable on June 28, 2024

First quarter 2024 earnings: EPS misses analyst expectations

Nasdaq, Inc.'s (NASDAQ:NDAQ) Business Is Trailing The Market But Its Shares Aren't

Nasdaq, Inc. to Report Q1, 2024 Results on Apr 25, 2024

Nasdaq, Inc. has completed a Follow-on Equity Offering in the amount of $1.590435 billion.

Nasdaq, Inc. has completed a Follow-on Equity Offering in the amount of $1.590435 billion.

Nasdaq: 8%-11% Of Solutions Growth Target Is Impressive

Upcoming dividend of US$0.22 per share

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Fourth quarter dividend of US$0.22 announced

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Nasdaq Announces Quarterly Dividend, Payable on March 28, 2024

Nasdaq: Green Shoots As We Start 2024

Nasdaq Capital Access Platforms Launches Leading Indicator for IPO Activity

Nasdaq Introduces Auction Trading on First North

Unpleasant Surprises Could Be In Store For Nasdaq, Inc.'s (NASDAQ:NDAQ) Shares

Nasdaq, Inc. to Report Q4, 2023 Results on Jan 31, 2024

Nasdaq Appoints Roland Chai as President of European Market Services

Upcoming dividend of US$0.22 per share at 1.6% yield

Nasdaq Launches New Technology to Scale Global Carbon Markets

New minor risk - Shareholder dilution

Nasdaq, Inc. (NasdaqGS:NDAQ) completed the acquisition of Adenza Group, Inc. from Thoma Bravo, L.P.

Third quarter 2023 earnings: EPS exceeds analyst expectations

Nasdaq, Inc. Announces Quarterly Dividend, Payable on December 22, 2023

Nasdaq, Inc. to Report Q3, 2023 Results on Oct 18, 2023

Upcoming dividend of US$0.22 per share at 1.7% yield

Nasdaq Announces Board Changes

New major risk - Financial position

Second quarter 2023 earnings: EPS misses analyst expectations

Nasdaq, Inc. to Report Q2, 2023 Results on Jul 19, 2023

European Energy Exchange AG signed an agreement to acquire Nasdaq’s European power trading and clearing business from Nasdaq, Inc. (NasdaqGS:NDAQ).

European Energy Exchange AG signed an agreement to acquire Nasdaq’s European power trading and clearing business from Nasdaq, Inc. (NasdaqGS:NDAQ).

Nasdaq, Inc. (NasdaqGS:NDAQ) entered into a definitive agreement to acquire Adenza Group, Inc. from Thoma Bravo, L.P. for $10.7 billion.

Upcoming dividend of US$0.22 per share at 1.4% yield

First quarter 2023 earnings: EPS exceeds analyst expectations

Executive VP & Chief People Officer recently sold US$263k worth of stock

Upcoming dividend of US$0.20 per share at 1.5% yield

Full year 2022 earnings: EPS misses analyst expectations

Senior VP recently sold US$119k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Nasdaq, Inc. Declares Regular Quarterly Dividend, Payable on March 31, 2023

Nasdaq, Inc. Announces Board of Directors Changes, Effective from January 1, 2023

Nasdaq, Inc. Announces the Resignation of John David Rainey from the Board of Directors and All Committees, Effective as of February 28, 2023

Nasdaq, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Nasdaq Launches Nasdaq Custom Basket Calculation Service in Collaboration with S&P Global Market Intelligence

Nasdaq, Inc. Declares Regular Quarterly Dividend, Payable on December 16, 2022

Nasdaq Q3 consensus EPS, revenue up Y/Y

Nasdaq U.S. equity options volume rises nearly 3% in September

Nasdaq, Inc. Organizes its Business Units into Three Divisions: Market Platforms, Capital Access Platforms, and Anti-Financial Crime

Nasdaq, Inc. to Report Q3, 2022 Results on Oct 19, 2022

Executive VP & CFO recently sold US$403k worth of stock

Upcoming dividend of US$0.20 per share

Nasdaq U.S. matched equity volume climbed 14% from a weak July

Nasdaq downgraded to Neutral at Atlantic Equities as rally stretches valuation

Insider recently sold US$185k worth of stock

Insider recently sold US$484k worth of stock

Nasdaq, Inc. Appoints Johan Torgeby to its Board of Directors

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Nasdaq Announces Quarterly Dividend, Payable on September 30, 2022

Price target decreased to US$186

Nasdaq Q2 2022 Earnings Preview

Nasdaq Inc.: A Dividend Grower You'll Love

Nasdaq, Inc. to Report Q2, 2022 Results on Jul 20, 2022

Now 21% undervalued after recent price drop

Nasdaq (NASDAQ:NDAQ) Is Increasing Its Dividend To US$0.60

Revenue & Expenses Breakdown
Beta