Nasdaq Posts 17% Jump in Net Revenue in Q3 2021

The US stock exchange operator, Nasdaq, has published its financial results for the third quarter of 2021, showing a 17 percent year-over-year gain in its net revenue. In absolute terms, this figure came in at $838 million.

The company further detailed that it generated $96 million, or 13 percent of its revenue from organic growth, while $25 million was added from the net impact of acquisitions and divestitures. The company also gained another $2 million from favorable changes in FX rates.

Apart from its stock market business, Nasdaq is also a major provider of financial data. The announcement elaborated that the firm’s solutions segment fetched $541 million in revenue in the period, while the market services brought in $295 million.

The company also detailed that its annualized recurring revenue went up by 19 percent year-over-year to touch $1.8 billion in Q3. During the first nine months of 2021, the company returned $1,145 million of cash to investors, including $885 million in share repurchases and $260 million in dividends.

“The strong financial results for the third quarter of 2021 reflect consistent long-term growth in the Anti Financial Crime, Index and Analytics offerings, the benefits of the materially-expanded listed issuer base in our Corporate Platforms segment, and robust performance from the marketplace and connectivity platforms comprising our Market Services business,”Adena Friedman, President and CEO at Nasdaq said.

Last month, Nasdaq announced the launch of Nasdaq Data Link, a cloud-based technology platform that empowers all segments of the investors with a comprehensive suite of core financial, fund and alternative data.