Nasdaq, Inc. reports developments across its market infrastructure, index, data, listings and financial technology businesses. Company news commonly covers monthly trading volumes, quarterly volume and listings statistics, earnings releases, dividend announcements, and operating trends in divisions such as Financial Technology.
Nasdaq updates also include changes to the Nasdaq-100 Index and other Nasdaq Global Indexes, trading halt and resumption notices from The Nasdaq Stock Market, and corporate governance or capital-structure matters. Its financial technology activities include solutions tied to capital management, financial crime and regulatory compliance software.
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The Board of Directors of Nasdaq has declared a quarterly dividend of $0.22 per share, marking a 10% increase from the previous quarter. This dividend is payable on June 30, 2023, to shareholders who are on record by June 16, 2023. Future declarations of dividends will depend on Board approval. Nasdaq is a global technology company that provides data, analytics, software, and services to capital markets and other industries, reflecting its commitment to client success.
Nasdaq reported a 2% increase in net revenues for Q1 2023, totaling $914 million, driven by a 4% rise in Solutions businesses. Annualized Recurring Revenue (ARR) grew by 7% to $2.035 billion, with SaaS revenues up 11%, now comprising 36% of ARR. Notably, Anti-Financial Crime revenue surged 17%. GAAP diluted EPS increased 7% to $0.61, while non-GAAP EPS rose 5% to $0.69. The company returned $257 million to shareholders through share repurchases and dividends. Nasdaq signed significant clients for its fraud detection solutions, including a Tier 1 global bank. Additionally, it plans to continue cloud migration and has updated its non-GAAP operating expense guidance for 2023 to $1.78-$1.84 billion.