Nasdaq (NASDAQ:NDAQ – Get Free Report) issued its quarterly earnings data on Thursday. The financial services provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.09, FiscalAI reports. Nasdaq had a return on equity of 17.51% and a net margin of 23.15%.The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis.
Here are the key takeaways from Nasdaq’s conference call:
- Nasdaq reported a strong second quarter with net revenue up 15%, solutions revenue up 17%, and diluted EPS up 25% to $1.07, while operating and EBITDA margins both expanded by two points.
- The company highlighted major milestones in its growth businesses, including index AUM surpassing $1 trillion, record quarterly inflows of $51 billion, and Verafin crossing $13 trillion in combined assets across more than 2,800 financial institutions.
- Capital Access Platforms benefited from a very strong listings environment, led by the SpaceX IPO and other marquee deals, while Nasdaq said the U.S. listings franchise had its strongest first half ever with $111 billion in operating company proceeds raised.
- Financial Technology continued to post robust momentum, with 15% revenue growth and 16% ARR growth; management pointed to strong demand in Verafin, regulatory tech, and capital markets tech, plus growing adoption of its AI-driven tools.
- Management is leaning into AI, tokenization, always-on markets, and 24/7 trading as long-term opportunities, but it also warned that these areas are still early and may require significant regulatory and infrastructure changes before they materially scale.
Nasdaq Stock Performance
NASDAQ:NDAQ traded up $1.62 during mid-day trading on Thursday, hitting $92.52. 1,107,960 shares of the company’s stock traded hands, compared to its average volume of 4,069,121. The firm has a market capitalization of $52.32 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.44 and a beta of 0.99. The firm has a 50 day moving average of $87.42 and a two-hundred day moving average of $88.54. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.71. Nasdaq has a 12 month low of $76.55 and a 12 month high of $101.79.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on Nasdaq
Insiders Place Their Bets
In other news, insider Cohen Tal sold 15,518 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $90.75, for a total transaction of $1,408,258.50. Following the completion of the transaction, the insider directly owned 215,208 shares in the company, valued at $19,530,126. The trade was a 6.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley J. Peterson sold 7,710 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $90.82, for a total value of $700,222.20. Following the transaction, the executive vice president owned 141,035 shares of the company’s stock, valued at approximately $12,808,798.70. This trade represents a 5.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 24,551 shares of company stock valued at $2,225,990. Corporate insiders own 0.60% of the company’s stock.
Hedge Funds Weigh In On Nasdaq
Several large investors have recently bought and sold shares of the stock. Uniplan Investment Counsel Inc. bought a new position in shares of Nasdaq during the 4th quarter worth about $35,000. Kemnay Advisory Services Inc. bought a new stake in shares of Nasdaq in the fourth quarter valued at about $44,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Nasdaq in the fourth quarter valued at about $56,000. Geneos Wealth Management Inc. grew its position in Nasdaq by 345.5% during the first quarter. Geneos Wealth Management Inc. now owns 597 shares of the financial services provider’s stock worth $45,000 after buying an additional 463 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in Nasdaq during the fourth quarter worth about $61,000. 72.47% of the stock is currently owned by institutional investors and hedge funds.
About Nasdaq
Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.
Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.
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