Sector: Financials|Industry: Financial Data & Stock Exchanges|Market Cap: $44.53B|Employees: 8.5K
Nasdaq is a global technology company that operates and provides products and services across three business segments: Capital Access Platforms, Financial Technology and Market Services. The company's diverse offerings, including data, analytics, software, and exchange capabilities, aim to improve liquidity, transparency and integrity in the global economy. Nasdaq's key markets include North America, Europe and Asia.
Total revenues increased 25.1% YoY to $1.792B, with Financial Technology segment revenues showing the strongest growth at 78.7% YoY reaching $420M. This growth was partially offset by a decline in other revenues.
Operating expenses increased 35.5% YoY to $736M, outpacing the 25.1% revenue growth. This is primarily due to increases in compensation and benefits, depreciation and amortization, and restructuring charges.
Net income attributable to Nasdaq decreased 16.9% YoY to $222M. This was primarily driven by increased operating expenses, partially offset by revenue growth.