Oct 18, 2023

Wednesday, 18/10/2023 | 11:26 GMT The company also returned $108 million to shareholders through dividends. 0 Nasdaq,Inc. today (Wednesday) published its financial performance for the thirdquarter of 2023, revealing significant growth in multiple sectors. The reportof the publicly-listed company (Nasdaq: NDAQ ) detailed broad-based increases inrevenue, a strong performance in anti-financial crime solutions, and more than$1.6 billion of free cash flow generated over the past year. On top ofthat, the exchange operator reinforced its listings leadership in the US. Broad-Based Revenue GrowthDrives Nasdaq's Q3 Performance The companyexperienced a 6% net revenue increase in the third quarter of 2023 compared tothe third quarter of 2022 . Solutions Businesses, a significant contributor, sawtheir revenues climb by 9% with an organic growth rate of 8%. The AnnualizedRecurring Revenue (ARR) also grew by 6%, with annualized SaaS revenues showingan 11% increase. This represents 37% of ARR. Nasdaq'sAnti-Financial Crime was another arm that reported higher numbers, withrevenues increasing by 21% compared to last year. This rise is attributed to smallerfinancial institutions' growing adoption of Verafin, a financial crimemanagement solution. The overall GAAP diluted earnings per share rose by 2%,and the non-GAAP version showed a 4% increase. Today, @Nasdaq reports financial results for the third quarter of 2023. During thisquarter, Nasdaq generated more than $1.6 billion in free cash flow over thetrailing twelve months. In terms of giving back to shareholders, Nasdaqreturned $108 million through dividends. No share repurchases were made in thisperiod. As of 30 September 2023, the company has $2.0 billion available underits board-authorized share repurchase program. Strategic Advancements The companyupdated its 2023 non-GAAP operating expense guidance to a range of $1,785million to $1,805 million. In terms of strategic updates, Nasdaq has beenmaking headway in acquiring Adenza and has also launched new environmentalsustainability solutions. Notably, the firm is partnering with a growing numberof financial institutions to manage increasing risks related to financialcrimes. From our Directory "Wedelivered broad-based revenue growth in the third quarter and had particularlystrong performance in our Index and Anti-Financial Crime businesses," AnnDennison, the Executive Vice President and CFO, added. In the meantime, the company shelved its crypto custody plan, citing "shifting regulatory environment" in the USA. Nasdaq,Inc. today (Wednesday) published its financial performance for the thirdquarter of 2023, revealing significant growth in multiple sectors. The reportof the publicly-listed company (Nasdaq: NDAQ ) detailed broad-based increases inrevenue, a strong performance in anti-financial crime solutions, and more than$1.6 billion of free cash flow generated over the past year. On top ofthat, the exchange operator reinforced its listings leadership in the US. Broad-Based Revenue GrowthDrives Nasdaq's Q3 Performance The companyexperienced a 6% net revenue increase in the third quarter of 2023 compared tothe third quarter of 2022 . Solutions Businesses, a significant contributor, sawtheir revenues climb by 9% with an organic growth rate of 8%. The AnnualizedRecurring Revenue (ARR) also grew by 6%, with annualized SaaS revenues showingan 11% increase. This represents 37% of ARR. Nasdaq'sAnti-Financial Crime was another arm that reported higher numbers, withrevenues increasing by 21% compared to last year. This rise is attributed to smallerfinancial institutions' growing adoption of Verafin, a financial crimemanagement solution. The overall GAAP diluted earnings per share rose by 2%,and the non-GAAP version showed a 4% increase. Today, @Nasdaq reports financial results for the third quarter of 2023. During thisquarter, Nasdaq generated more than $1.6 billion in free cash flow over thetrailing twelve months. In terms of giving back to shareholders, Nasdaqreturned $108 million through dividends. No share repurchases were made in thisperiod. As of 30 September 2023, the company has $2.0 billion available underits board-authorized share repurchase program. Strategic Advancements The companyupdated its 2023 non-GAAP operating expense guidance to a range of $1,785million to $1,805 million. In terms of strategic updates, Nasdaq has beenmaking headway in acquiring Adenza and has also launched new environmentalsustainability solutions. Notably, the firm is partnering with a growing numberof financial institutions to manage increasing risks related to financialcrimes. From our Directory