Nasdaq Delivers 21% YOY Increase in Revenues in Q2 2021

Nasdaq, a global technology company serving the capital markets and other industries, announced financial results for the second quarter of 2021.

Net revenues for the second quarter 2021 reached $846 million, registering an increase of $147 million or 21% on a YoY basis, with Solutions segments revenues achieving $534 million and the Market Services net revenues of $312 million. The increase of the net revenues reflected positive impacts from organic growth and the acquisition of Verafin, which was completed during the first quarter of 2021, and from the impact of favorable changes in FX rates.

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GAAP operating expenses were $470 million in the second quarter of 2021, an increase of $86 million from $384 million in the second quarter of 2020. Non-GAAP operating expenses were $392 million during the same period, an increase of $65 million, or 20%, compared to prior year period. 

On a GAAP basis, net income in the second quarter of 2021 was $341 million, 41% up compared to the $241 million in the corresponding period in 2020. GAAP diluted EPS was $2.05, an increase of 41% compared $1.45 in the same period last year.

On a non-GAAP basis, net income in the second quarter of 2021 was $316 million, increasing 23% compared to $256 million on a year-over-year basis. Non-GAAP diluted EPS totaled $1.90, 23% up over last year.

"Vibrant capital markets activity and expanding corporate and investor demand for financial technology solutions drove a very strong performance for Nasdaq in the first half of the year," said Adena Friedman, President and CEO, Nasdaq, "our performance in new listings and trading as well as our focus growing areas like anti-financial crime and buyside workflow solutions sustained year over year revenue growth across all of our businesses. Each of our businesses has expanded both the diversity and depth of their client-base in recent years and that is what underpins the strength and resiliency of the Nasdaq platform as we move through each quarter."