Summary by Moomoo AI
Nasdaq delivered robust Q3 2024 results, with non-GAAP net revenue up 26% YoY to $1.18B, or 10% on a pro forma basis. Solutions revenue grew 31% to $906M, driven by strong performance in Index and Financial Technology. Annualized Recurring Revenue increased 31% to $2.74B.Financial Technology revenue rose 56% to $371M, while Index revenue grew 26% to $182M with $62B in net inflows over the trailing 12 months. GAAP diluted EPS decreased 11%, but non-GAAP diluted EPS increased 5% to $0.74. The company returned $226M to shareholders through dividends and share repurchases.Nasdaq maintained its U.S. listings leadership with an 85% win rate for eligible operating companies in Q3. The company also announced a quarterly dividend of $0.24 per share, payable on December 20, 2024. Nasdaq updated its 2024 non-GAAP operating expense guidance to $2.15B-$2.18B and non-GAAP tax rate guidance to 23.5%-24.5%.
