- Nasdaq (NDAQ, Financial) reported an 11% increase in net revenue for Q1 2025, with earnings reaching $1.2 billion.
- GAAP diluted EPS surged by 69%, while non-GAAP diluted EPS rose by 24%.
- Nasdaq returned $253 million to shareholders through dividends and stock repurchases.
Nasdaq, Inc. (NDAQ) has announced its financial results for the first quarter of 2025, showcasing substantial growth across all divisions. The company reported a net revenue of $1.2 billion, marking an 11% increase from the previous year and a 12.5% rise on an adjusted basis.
The diversified business model has contributed to a robust performance, with Solutions revenue seeing a 9% increase and Market Services revenue growing by 19%. Key highlights of Nasdaq's Q1 2025 earnings include a significant 69% rise in GAAP diluted EPS. Non-GAAP diluted EPS also saw growth, increasing by 24% compared to the previous year.
Annualized Recurring Revenue (ARR) climbed by 8% to $2.8 billion, with Financial Technology revenue specifically rising by 10% to $432 million. Additionally, Index revenue surged 14% to $193 million, reflecting the company's strong position in high-margin business lines.
Capital allocation strategy remains balanced as Nasdaq returned $253 million to shareholders, including $138 million in dividends and $115 million in stock repurchases. Furthermore, Nasdaq repurchased $279 million of senior unsecured notes during the first quarter.
In terms of market activity, Nasdaq maintained its listing leadership with 45 new operating company listings, raising nearly $5 billion in proceeds. This achievement reflects an impressive 82% win rate in eligible operating company listings for the quarter.
