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Nasdaq’s index revenue jumps 39 per cent

Nasdaq’s index revenue increased 39 per cent to 286 million dollars in the third quarter, as exchange-traded products tracking its indexes attracted new money. The market operator’s total net revenue rose 13 per cent to 1.481 billion dollars. Financial technology revenue also grew, and the annualized value of recurring contracted business reached 3.365 billion dollars. The results were released on October 22.

Economics & Markets··Morning
A conceptual AI-generated trading floor with several traces following a common index on a large display.

Net revenue and recurring business expand

Nasdaq reported higher third-quarter net revenue and record annualized recurring revenue. The market operator and financial technology provider released its quarterly results on October 22.[1], [2]

Net revenue increased 13 per cent to 1.481 billion dollars, with organic growth of 14 per cent. Solutions revenue grew 17 per cent to 1.172 billion dollars. Financial Technology revenue rose 16 per cent to 529 million dollars, while Market Services net revenue increased 2 per cent to 309 million dollars.[1]

Index-tracking products attract new money

Index revenue jumped 39 per cent to 286 million dollars. Exchange-traded products following Nasdaq indexes attracted net inflows of 49 billion dollars during the quarter and 141 billion dollars over the preceding twelve months. Assets under management in those products reached 1.160 trillion dollars at quarter end.[1]

Annualized recurring revenue reaches 3.365 billion dollars

Annualized recurring revenue grew 12 per cent to 3.365 billion dollars. The measure represents contracted business at a particular point in time. Annualized software-as-a-service revenue increased 12 per cent and represented 38 per cent of the total. Reported operating income rose 25 per cent to 732 million dollars. Nasdaq paid 173 million dollars in dividends and repurchased 323 million dollars of shares during the quarter.[1]

References

  1. News sourceNasdaqNasdaq’s index revenue rises 39 per cent↩1↩2↩3↩4
  2. News sourceMarketReviewNasdaq reported higher third-quarter net revenue and record annualized recurring revenue↩
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