Nasdaq, Inc. NDAQ reported fourth-quarter 2024 adjusted earnings per share of 76 cents, beating the Zacks Consensus Estimate by 1.3%. The underside line improved 5% yr over yr.
The advance was primarily pushed by increased revenues throughout three divisions, natural progress in addition to lowered bills.
See the Zacks Earnings Calendar to remain forward of market-making information.
Nasdaq, Inc. Value, Consensus and EPS Shock
Nasdaq, Inc. price-consensus-eps-surprise-chart | Nasdaq, Inc. Quote
Efficiency in Element
Nasdaq’s web revenues of $1.2 billion elevated 10% yr over yr. The highest line missed the Zacks Consensus Estimate by 0.1%.
Annualized Recurring Income (ARR) elevated 7% yr over yr.
Annualized SaaS revenues elevated 14% and represented 37% of ARR. Natural progress was 7%.
Market Companies web revenues have been $268 million, up 8%. The rise was primarily pushed by a $15 million improve in U.S. fairness derivatives and a $14 million improve in U.S. money equities. It was partly offset by a $4 million lower in U.S. tape plan revenues. Natural progress was 8%.
Revenues on the Options enterprise elevated 10% yr over yr to $949 million, reflecting robust progress from Index and Monetary Expertise.
Adjusted working bills have been $710 million, down 7% from the year-ago interval. The lower was on account of decrease merger and strategic initiative prices and decrease common and administrative expense. It was partially offset by bills associated to the acquisition of Adenza, which resulted in an incremental $29 million in amortization expense of acquired intangible belongings, $24 million of different AxiomSL and Calypso working bills, in addition to natural progress pushed by elevated investments in expertise and other people to drive innovation and long-term progress. Our estimate for working bills was $573.4 million.
The corporate’s working margin of 55% remained flat yr over yr.
The Nasdaq inventory market welcomed 162 new firm listings within the fourth quarter of 2024, together with 66 preliminary public choices. The variety of listed corporations was 4,075 on the finish of the quarter.
Full-Yr Highlights
For 2024, the corporate reported adjusted earnings per share of $2.82, which remained unchanged yr over yr. The determine additionally beat the Zacks Consensus Estimate by 0.3%.
Web revenues have been $4.6 billion, up 19% yr over yr. This included Options revenues, which elevated 25%. Market Companies web revenues have been $1 billion, which rose 3% on a reported in addition to natural foundation. ARR was $2.8 billion, which grew 7% on a reported in addition to natural foundation. Web revenues beat the Zacks Consensus Estimate by 20%.
Working margin of 54% expanded 100 foundation factors yr over yr.
The Nasdaq inventory market welcomed 463 new firm listings, together with 180 preliminary public choices. The variety of listed corporations was 4,075 at yr finish.
Monetary Replace
Nasdaq had money and money equivalents of $592 million as of Dec. 31, 2024, which elevated 30.6% from the tip of 2023. Lengthy-term debt elevated to $9.1 billion, as of Dec. 31, 2024, which decreased 10.6% from the tip of 2023.
Nasdaq generated $705 million in money move from operations within the reported quarter.
Capital Deployment
Nasdaq returned $138 million to shareholders within the fourth quarter of 2024 by dividends. Nasdaq additionally repurchased $181 million of senior unsecured notes within the fourth quarter of 2024.
The board of administrators authorised a dividend of 24 cents per share. The dividend shall be paid out on March 28, 2025, to shareholders of document on the shut of enterprise on March 14, 2025.
As of Dec. 31, 2024, $1.7 billion remained below the board-authorized share repurchase program.
2025 Steerage
Nasdaq expects 2025 non-GAAP working bills to be within the vary of $2,245-$2,325 million.
Nasdaq forecasts 2025 non-GAAP tax charge steering to be within the vary of twenty-two.5-24.5%.
Zacks Rank
Nasdaq presently carries a Zacks Rank #2 (Purchase). You may see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
CME Group Inc. CME is slated to launch fourth-quarter 2024 earnings on Feb. 12. The Zacks Consensus Estimate for the fourth quarter is pegged at $2.44 per share, indicating a rise of two.9% from the year-ago reported determine.
CME Group delivered an earnings shock within the three reported quarters of 2024.
Cboe International Markets, Inc. CBOE is about to launch fourth-quarter 2024 earnings on Feb. 7. The Zacks Consensus Estimate for the fourth quarter is pegged at $2.14, indicating a rise of three.9% from the year-ago reported determine.
CBOE delivered an earnings shock in every of the three reported quarters of 2024.
Intercontinental Change Inc. ICE is about to launch fourth-quarter 2024 earnings on Feb. 6. The Zacks Consensus Estimate for the fourth quarter is pegged at $1.49, indicating a rise of 12% from the year-ago reported determine.
ICE delivered an earnings shock in one of many three reported quarters of 2024, whereas matched within the different two.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
