Record-Breaking Revenue Growth
Nasdaq delivered net revenues of $1.2 billion, representing a 12.5% increase from the prior year period. Solutions revenues were $947 million, representing 11% growth year over year.
Strong Earnings Per Share Growth
First quarter operating income rose 17% and EPS grew 24%, benefiting from strong revenue performance and expense management.
Capital Access Platforms Success
Capital Access Platforms generated 5% ARR growth and 11% revenue growth driven by continued strength in both net inflows and new product innovation in the index business.
Financial Technology Division Performance
Financial Technology delivered 10% revenue growth, with ARR growth of 12%, including 21% growth for Financial Crime Management Technology.
Market Services Division Achievement
Market Services delivered 19% net revenue growth, driven by record U.S. Cash equities and derivatives revenue and growth in European equity derivatives volumes.
Successful Cost Efficiency Program
Achieved target of $80 million in net synergies from the Edenta transaction and expanded the efficiency program target to $140 million, with over $100 million actioned as of the end of the first quarter.
Strong Free Cash Flow and Deleveraging
Strong free cash flow of $674 million in the first quarter supported continued deleveraging and share repurchases to offset dilution from employee vesting.
Enhanced Strategic Partnerships
Announced an enhanced partnership with AWS to modernize the global financial ecosystem, starting with market operator clientele.