Slide 1: Supplemental Information: Nasdaq's Updated Corporate Structure
Exhibit 99.2 Data vis color Data vis color order on light order on dark background background Supplemental Information: Nasdaq's Updated Corporate Structure Implemented in 4Q2022/FY2022 reporting Supplemental Data (Unaudited) January 25, 2023
Slide 2: Disclaimers
Disclaimers The segment disclosures for the periods presented on the following slides are for illustrative purposes only. These unaudited segment disclosures are based on information available to management as of today and are subject to change. The final recast segment disclosure will be available
Slide 3: Reorganizing Into Three Divisions
Elevating From the Pivot Reorganizing Into Three Divisions: Data vis color Data vis color order on light order on dark background background Anti-Financial Crime Market Platforms Capital Access Platforms Protect the Financial System Accelerate digitization of Increase intelligence, markets and journ
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 Prior Segment Reporting Current Segment Reporting Data vis color Data vis color • Cash Equity Trading, Equity order on light order on dark • Trading Services Derivatives & FICC Trading and background ba
Slide 5: Financial Reporting: Net Revenues
Financial Reporting Net Revenues (U.S.$ millions) 4Q22 3Q22 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 2022 2021 2020 2019 2018 2017 Market Platforms $403 $389 $392 $396 $393 $372 $394 $422 $ 1,581 $1,582 $1,457 $1,246 $1,217 $1,124 1 Trading Services 253 248 252 264 250 242 257 288 1,019 1,037 932 740 772 684 D
Slide 6: Financial Reporting: Non-GAAP Operating Income and Margin
Financial Reporting Non-GAAP Operating Income and Margin (U.S.$ millions) 4Q22 3Q22 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 2022 2021 2020 2019 2018 2017 Market Platforms Net revenues $403 $389 $392 $396 $393 $372 $394 $422 $ 1,581 $1,582 $1,457 $1,246 $1,217 $1,124 Expenses 194 171 175 183 182 169 163 176 72
Slide 7: Financial Reporting: Solutions Businesses Recast
Financial Reporting Solutions Businesses Recast Data vis color Data vis color (U.S.$ millions) 3Q22 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 2021 2020 2019 2018 2017 order on light order on dark background background 1 Solutions Businesses $677 $673 $664 $668 $627 $616 $586 $2,499 $2,090 $1,894 $1,748 $1,572 L
Slide 8: Market Platforms
Organic Revenue Growth Market Platforms 1 (U.S.$ millions) Total Variance Organic Impact Other Data vis color Data vis color order on light order on dark background background Current Period Prior year Period $M % $M % $M % 4Q22 $403 $393 $10 3% $20 5% $(10) (3)% 3Q22 389 372 17 5% 29 8% (12) (3)% 2
Slide 9: Capital Access Platforms
Organic Revenue Growth Capital Access Platforms 1 (U.S.$ millions) Total Variance Organic Impact Other Data vis color Data vis color order on light order on dark Current Prior year background background $M % $M % $M % Period Period 4Q22 $420 $420 $- -% $7 2% $(7) (2)% 3Q22 423 399 24 6% 32 8% (8) (2
Slide 10: Anti-Financial Crime
Organic Revenue Growth Anti-Financial Crime 1 (U.S.$ millions) Total Variance Organic Impact Other Data vis color Data vis color order on light order on dark background background Current Period Prior year Period $M % $M % $M % 4Q22 $82 $68 $14 21% $14 21% $- -% 3Q22 77 62 15 24% 16 26% (1) (2)% 2Q2
Slide 11: Marketplace Technology
Organic Revenue Growth Marketplace Technology 1 (U.S.$ millions) Total Variance Organic Impact Other Data vis color Data vis color order on light order on dark Current Period Prior year Period $M % $M % $M % background background 4Q22 $150 $143 $7 5% $9 6% $(2) (1)% 3Q22 141 130 11 8% 13 10% (2) (2)
Slide 12: Solutions Businesses
Organic Revenue Growth Solutions Businesses 1 (U.S.$ millions) Total Variance Organic Impact Other Prior year Data vis color Data vis color Current Period $M % $M % $M % order on light order on dark Period background background 4Q22 $652 $631 $21 3% $30 5% $(9) (1)% 3Q22 641 591 50 8% 61 10% (11) (2
Slide 13: Annualized Recurring Revenue
Annualized Recurring Revenue Segment ARR Data vis color Data vis color order on light order on dark background background (U.S.$ millions) 4Q22 3Q22 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 Market Platforms $503 $503 $492 $473 $479 $479 $482 $473 Capital Access Platforms 1,192 1,172 1,167 1,146 1,113 1,084 1,0
Slide 14: Market Platforms Trading Services Net Revenues by Asset Class
Market Platforms Trading Services Net Revenues by Asset Class (U.S.$ millions) 4Q22 3Q22 2Q22 1Q22 4Q21 3Q21 2Q21 1Q21 2022 2021 2020 2019 2018 2017 Data vis color Data vis color order on light order on dark background background U.S. Equity Derivatives $96 $92 $88 $94 $83 $88 $84 $88 $371 $343 $287