Nasdaq Reports 15% Revenue Growth in Q2 on Strong Data Services

Earnings

โดย Reuters·Read original

Summary · why it matters

Nasdaq, the US exchange operator, reported second-quarter results that beat market expectations, with adjusted earnings per share of $1.07 compared to the forecast of $0.98, driven by strong performance in its data services business. Net revenue rose 15% to $1.5 billion, with the Capital Access Platforms division, which provides listing-related services and market data, up 19% to $621 million, the Financial Technology division up 16% to $539 million, and the Market Services division up 11% to $340 million. Major listings such as SpaceX and market volatility from US-Iran war and AI-related news boosted hedging demand, leading to higher trading volumes. Meanwhile, concerns that the CFTC's approval of perpetual futures for crypto assets could erode market share for existing exchanges have pushed Nasdaq shares down more than 6% year-to-date, but the CFO indicated the impact would be less than 1% of revenue.

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