Summary
Nasdaq, Inc. (NDAQ) reported its second-quarter and first-half 2022 financial results, demonstrating resilience and strategic growth. Total revenues rose by 9.9% year-over-year in Q2 to $1.55 billion, and by 0.8% for the first six months to $3.09 billion. While net income attributable to Nasdaq saw a decline to $307 million in Q2 from $341 million in the prior year, diluted EPS was $1.85, down from $2.05. For the first half, net income was $590 million, compared to $639 million, with diluted EPS at $3.55, down from $3.83. The company saw strong performance in its Market Technology, Investment Intelligence, and Corporate Platforms segments, driven by increased demand for anti-financial crime solutions, index licensing, and listing services respectively. The Market Services segment experienced a slight decline in revenue, impacted by market conditions and a decrease in U.S. equity options market share. Nasdaq continued its commitment to returning capital to shareholders, increasing dividends by 11.1% year-over-year for Q2 and announcing a 3-for-1 stock split. The company also actively engaged in share repurchases, with $166 million in repurchases during Q2 and approximately $293 million remaining under its authorized program as of June 30, 2022. Management highlighted operational strengths, including a leading position in IPOs and options trading, and strategic investments in areas like ESG services. Despite a challenging macroeconomic environment, Nasdaq's diversified business model and focus on technology and data solutions position it for continued growth.
Financial Highlights
55 data points| Revenue | $1.55B |
| Cost of Revenue | $659.00M |
| Gross Profit | $893.00M |
| Operating Expenses | $481.00M |
| Operating Income | $412.00M |
| Interest Expense | $32.00M |
| Net Income | $307.00M |
| EPS (Basic) | $0.62 |
| EPS (Diluted) | $0.62 |
| Shares Outstanding (Basic) | 492.24M |
| Shares Outstanding (Diluted) | 496.58M |
Key Highlights
- 1Total revenues increased by 9.9% to $1.55 billion in Q2 2022, driven by growth across key segments.
- 2Net income attributable to Nasdaq decreased by 10.0% to $307 million in Q2 2022, with diluted EPS at $1.85.
- 3Market Technology segment revenue grew 12.0% in Q2 2022, fueled by demand for anti-financial crime solutions.
- 4Investment Intelligence revenue increased by 8.4% in Q2 2022, supported by strong performance in Index and Analytics businesses.
- 5Corporate Platforms revenue rose 12.8% in Q2 2022, driven by increased listings and IR & ESG services.
- 6The company declared a 3-for-1 stock split in the form of a stock dividend, effective August 2022.
- 7Shareholder returns remained a focus with a 11.1% increase in Q2 dividends and $166 million in share repurchases during the quarter.