Slide 1: Supplemental Information: Nasdaq's Updated Corporate Structure
Exhibit 99.2 jl Nasdaq Supplemental Information: Nasdaq's Updated Corporate Structure To be implemented for 4Q2022/FY2022 reporting Supplemental Data (Unaudited) October 19, 2022
Slide 2: Disclaimers
Disclaimers fut ti t with p of to change. ‘orm 10-K for the year Non-GAAP Information fo tutratve purposes only. Nasdaq intends to pubish ts fourth quart and full year 2022 ress, a wall asa In addition to disclosing US.G loses certain non-GAAP results of operations, including, but not limited to non
Slide 3: Elevating From the Pivot
Elevating From the Pivot Nasdaq's Divisional Alignment: Trading Services: Includes transactional Nasdaq's exchanges, clearing and settlement offerings. Marketplace Technology: Canigines both the company's marketpla technology solutions for Sareea operators, as well as connectivity and other services
Slide 4: New Corporate Structure to Amplify Our Strategy
New Corporate Structure to Amplify Our Strategy Delivering Our Story In A Simple And Powerful Way Current Segment Reporting + Cash Equity Trading, Equity + Listing Services + IR&ESG Services + Market Data + Index + Analytics + Anti-Financial Crime nolo. + Market Infrastructure Technology Clearing +
Slide 5: Financial Reporting
Financial Reporting Net Revenues (US$ millions) 3Q22 2Q22 1Q22 4Q21 2021 2020 Market Platforms $353 $356 $355 $356 $1,427 $1,295 Trading Services" 212 216 223 213 882 770 Marketplace Technology 141 140 132 143 545 525 Capital Access Platforms 459 458 460 457 1,723 1,449 Data and Listing Services’ 21
Slide 6: Financial Reporting
Financial Reporting Operating Income and Margin (US$ million 3Q22 2Q22 1Q22 4Q21 2021 2020 Market Platforms let revenues $353 $356 $355 $356 $1,427 $1,295 Expenses 163 167 14 74 655 640 Operating income 190 189 181 182 772 655 Operating Margin 54% 53% 51% 51% 54% 51% Capital Access Platforms Net rev
Slide 7: Market Platforms
Organic Revenue Growth Market Platforms 3Q22 2Q22 1Q22 4Q21 20212 20203 (US$ millions) Current Period Note: The sum of Prior year Period Total Variance 7 5% 3 1% (26) (7)% 4 1% 132 10% 199 18% Organic Impact tie , divestitures, ganic 9} the Broker $M (12) (11) Other"
Slide 8: Capital Access Platforms
Organic Revenue Growth Capital Access Platforms (US$ millions) Total Variance Current Prior year Period Period Note: The sum of divestitures, Organic Impact Other!
Slide 9: Anti-Financial Crime
Organic Revenue Growth Anti-Financial Crime ‘US$ millions) Total Variance Organic Impact Other! 4 Prior year Current Period Period Note: The sum of divestitures, 2021, $4 million in 4921, and $1 milion in 1922. ”
Slide 10: Marketplace Technology
Organic Revenue Growth Marketplace Technology (US$ millions) Total Variance Organic Impact Othert “ Prior year Current Period Period Note: The sum Other impact , divestitures, Marketplace ’Marketplace Broker ”
Slide 11: Solutions Businesses
Organic Revenue Growth Solutions Businesses (US$ millions) Total Variance Organic Impact Other! Current Period Prior year Period 3Q22 677 627 50 8% 61 10% (1) (2)% 2Q22 673 616 57 9% 68 1% (11) (2)% 1922 664 586 78 13% 70 12% 8 1% 4Q21 668 572 96 17% 66 12% 30 5% 20212 2,511 2,102 409 19% 288 14% 12
Slide 12: Annualized Recurring Revenue
Annualized Recurring Revenue Segment ARR* (US$ milli 3Q22 2Q22 1Q22 4Q21 2021 2020) Capital Access Platforms $1,172 $1,167 $1,146 $1,113 $1,113 $986 Market Platforms 503 492 473 479 479 468 Anti-Financial Crime 295 288 280 269 269 1 Total $1,970 $1,947 $1,899 $1,861 $1,861 $1,565 *ARR: ARR for a giv
Slide 13: Market Platforms: Trading Services Net Revenues by Asset Class
Market Platforms Trading Services Net Revenues by Asset Class 3Q22 3Q21 U.S. Equity Derivatives Trading’ 92 88 94 83 88 84 88 343 287 U.S. Cash Equity Trading 70 76 68 68 61 73 90 292 262 Nordic Cash Equity Trading 24 29 34 33 32 34 38 137 119 Other? 26 23 27 29 25 25 31 110 102 Trading Services Net