Nasdaq beat revenue and earnings estimates last quarter, with major revenue growth across segments.
Earnings per share were US$0.96, up from $0.79 one year ago and above the Zacks consensus estimate of $0.93. Revenue increased 14% to $1.41 billion, surpassing estimates by 2.96%.
“Nasdaq delivered one of the strongest starts to the year in our company’s history with broad-based growth across all three divisions,” said chair and CEO Adena Friedman.
“Our clients are increasingly turning to Nasdaq as a trusted transformation partner to modernise their core infrastructure, manage risk and increasing complexity, adapt to the evolution of capital markets, and integrate AI to drive greater efficiency in their operations.”
Solutions revenue rose 14% to $1.08 billion, spurred by 20% growth in its Financial Technology sub-segment and an 11% increase in Capital Access Platforms.
Index also posted 14% revenue growth. Nasdaq said during the quarter that it would revamp its rules to allow faster entry to the Nasdaq-100 for newly-listed large companies.
Market Services net revenue was up 13% to $317 million.
Operating income climbed 20% to $657 million.
The company’s operating expenses grew 9% to $750 million, which it credited to both higher compensation and raised general and administrative spending.
Nasdaq (NASDAQ: NDAQ) shares closed 0.8% higher at $87.04, and climbed a further 0.5% after-hours. Its market capitalisation is $49.48 billion.
