Press release
Nasdaq Reports Second Quarter 2023 Results; Consistent Execution Drives Solid Revenue Growth
NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the second quarter of 2023. Second quarter 2023
About this update from Nasdaq, Inc.
[{"type":"text","content":"NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the second quarter of 2023. Second quarter 2023 net revenues1 increased 4% compared to the second quarter of 2022. Solutions businesses2 revenues increased 6% with organic growth3 also at 6%.Annualized Recurring Revenue (ARR)4 increased 6% compared to the second quarter of 2022. Annualized SaaS revenues increased 11% and represented 36% of ARR.Anti-Financial Crime revenue increased 19% compared to the second quarter of 2022. Large financial institutions are accelerating their adoption of Verafin’s fraud detection and anti-money laundering solutions, including the previously announced signing of two Tier 1 clients and two Tier 2 clients in the second quarter.Second quarter 2023 GAAP diluted earnings per share decreased 13% compared to the second quarter of 2022. Second quarter 2023 non-GAAP3 diluted earnings per share increased 3% compared to the second quarter of 2022.The company returned $109 million to shareholders in the second quarter of 2023 through dividends. Second Quarter 2023 Highlights (US$ millions, except per share)2Q23% Change(YoY)Organic % Change(YoY)Solutions Businesses Revenues$6746%6%Trading Services Net Revenues$250(1)%—%Net Revenues*$9254%4%ARR$2,0736% GAAP Diluted EPS$0.54(13)% Non-GAAP Diluted EPS$0.713% *Net revenues include Other revenues of $1 million in the second quarter of 2023 and $4 million in the second quarter 2022. Adena Friedman, Chair and CEO said, “Nasdaq achieved another quarter of solid financial results in an uncertain environment as we took a significant step to expand our ability to serve our financial clients in solving their most complex operational challenges. Our planned acquisition of Adenza represents another critical step in our multi-year transformation to become a leading technology partner to the financial system, with a specific focus on managing liquidity and capital risk, reducing financial crime, and meeting regulatory obligations. Our goal is to deliver mission-critical platforms that enhance liquidity, transparency, and integrity of the global financial system.” Ann Dennison, Executive Vice President and CFO said, “Our solid financial performance in the second quarter reflects the durability and recurring nature of our business and the resilient demand for our divers...