Nasdaq demonstrated strong overall financial and operational performance in 2024 with significant revenue growth across key segments, successful client acquisition, and effective deleveraging. However, challenges in corporate solutions and potential regulatory changes pose some risks.

Company Guidance

During the Nasdaq Fourth Quarter and Full Year 2024 Results Conference Call, significant guidance and metrics were disclosed. For 2024, Nasdaq reported a 9% increase in net revenues, reaching $4.7 billion, with solutions revenue up 10%. The annualized recurring revenue (ARR) ended at $2.8 billion, marking a 7.5% year-over-year increase. The company's Financial Technology Division experienced a notable ARR growth of 12%, driven by Financial Crime Management's 23% growth, Regulatory Technology's 11% growth, and Capital Markets Technology's 9% growth. Additionally, Nasdaq achieved record full-year revenue in Market Services, boosted by higher volumes in U.S. equity derivatives and cash equities. Looking forward to 2025, Nasdaq anticipates maintaining its medium-term growth outlook, with expectations for the Capital Access Platforms Division to achieve 5-8% revenue growth, while Index revenue is projected to exceed mid-to-high single digits. The company also plans to implement an expanded efficiency program targeting $140 million in cost reductions by the end of 2025, with operating expenses expected to grow 6% at the midpoint.

Strong Financial Performance

Nasdaq reported a net revenue of $4.7 billion for 2024, a 9% increase from 2023. The fourth quarter saw net revenue growth of 10% year-over-year to $1.2 billion.

Growth in Solutions Revenue

Solutions revenue grew 10% for the full year and 9% for the fourth quarter. ARR ended the year at $2.8 billion, a 7.5% increase year-over-year.

Index Revenue Growth

The Index Franchise delivered 31% revenue growth for the year, ending with record AUM. The fourth quarter saw a 29% increase in index revenue.

Expansion in Financial Technology Division

The division delivered 12% ARR growth overall, with notable 23% growth in financial crime management technology.

Operational Milestones

Nasdaq achieved 263 new client signings, 424 upsells, and 11 cross-sells in 2024, highlighting successful client penetration and cross-selling strategies.

Deleveraging Goals Achieved

Nasdaq reduced its gross leverage ratio from 4.3 times to 3.6 times by the end of 2024, ahead of schedule.

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Nasdaq (DE:NAQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:NAQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 25, 2018	2018 (Q2)	- / 1.14	0.982	15.69% (+0.15)	―	―
Oct 24, 2018	2018 (Q3)	- / 0.37	0.34	8.50% (+0.03)	―	―
Jan 30, 2019	2018 (Q4)	- / 0.40	0.337	20.00% (+0.07)	―	―
Apr 24, 2019	2019 (Q1)	- / 0.39	0.398	-1.45% (>-0.01)	―	―
Jul 24, 2019	2019 (Q2)	- / 0.39	0.379	3.56% (+0.01)	―	―
Oct 23, 2019	2019 (Q3)	- / 0.41	0.369	10.44% (+0.04)	―	―
Jan 29, 2020	2019 (Q4)	- / 0.41	0.405	2.38% (<+0.01)	―	―
Apr 22, 2020	2020 (Q1)	- / 0.48	0.392	22.85% (+0.09)	―	―
Jul 22, 2020	2020 (Q2)	- / 0.49	0.392	26.04% (+0.10)	―	―
Oct 21, 2020	2020 (Q3)	- / 0.49	0.407	20.57% (+0.08)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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DE:NAQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2025	€78.27	€75.51	-3.53%
Oct 24, 2024	€68.46	€67.70	-1.11%
Jul 25, 2024	€57.57	€60.56	+5.20%
Apr 25, 2024	€56.55	€54.78	-3.13%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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