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.
The Board of Directors of Nasdaq has declared a 3-for-1 stock split in the form of a stock dividend and a quarterly dividend of $0.20 per share. The stock split allows shareholders to receive two additional shares for every share owned, with a record date of August 12, 2022 and a distribution date of August 26, 2022. Trading on a split-adjusted basis will commence on August 29, 2022. The quarterly dividend, equivalent to the prior $0.60 per share, is payable on September 30, 2022 to shareholders recorded by September 16, 2022.
On July 20, 2022, Nasdaq reported a 6% increase in net revenues to $893 million for Q2 2022, driven by a 10% growth in Solutions segments. Annualized Recurring Revenue (ARR) rose 9% to $1,965 million, with SaaS revenues up 12%. GAAP diluted EPS fell 10% to $1.85, while non-GAAP EPS increased 9% to $2.07. The company returned $819 million to shareholders and declared a three-for-one stock split, effective August 29, 2022. Q2 operating expenses rose 2%, with a strong focus on Anti Financial Crime solutions.
The Nasdaq Stock Market announced the delisting of several companies due to trading suspensions. Alberton Acquisition Corporation, Zosano Pharma Corporation, Electric Last Mile Solutions, Inc., 4D pharma plc, and Enjoy Technology, Inc. were all suspended from trading on various dates in 2022 and will be formally delisted. Nasdaq will file a Form 25 with the SEC to finalize these delistings, effective ten days post-filing. Investors are advised to check public filings for additional information regarding the delistings and potential trading venues.
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On July 11, 2022, Nasdaq (NDAQ) released its monthly and quarterly volumes for June 2022, highlighting metrics like estimated revenue capture and the number of listings. The detailed statistics are available on its investor relations website. Nasdaq emphasizes its role as a global technology company, providing data, analytics, and software solutions to capital markets. Additionally, the announcement includes cautionary statements regarding forward-looking information, noting risks and uncertainties that may impact future performance.
Nasdaq, Inc. (NDAQ) has successfully elected all nominated directors to the boards of its U.S. exchanges, enhancing governance and leadership. Notable directors include Kathlyn Card Beckles from Verisk Analytics and Tal Cohen, EVP at Nasdaq. Other elected members bring diverse experience from various financial institutions, including Goldman Sachs and SiriusXM Holdings. This restructuring is expected to strengthen Nasdaq's market position, reflecting its commitment to effective governance and operational excellence.
Nasdaq (NDAQ) reported a robust performance in the first half of 2022, hosting 108 initial public offerings (IPOs) that raised $12 billion. The exchange achieved an 87% win rate in the U.S. market and maintained leadership for 34 consecutive quarters. Notably, 7 of the top 10 IPOs by proceeds were listed on Nasdaq. Additionally, the company welcomed a strong number of SPACs, raising $8.7 billion. Nasdaq also acquired Metrio to enhance its ESG-focused solutions.
Nasdaq (NDAQ) has partnered with Climate Impact X (CIX) to launch a carbon credits spot exchange in early 2023. This collaboration utilizes Nasdaq's cloud-based SaaS technology to enhance trading functionalities in the voluntary carbon market, increasing price transparency and liquidity for financial institutions and institutional investors. The exchange aims to streamline the trading process by matching buyers and sellers based on unique requirements, thus promoting regulatory compliance and market growth.
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On June 24, 2022, Nasdaq reported a record 3.31 billion shares executed in its Closing Cross, valued at $63.8 billion, during the Russell US Indexes annual reconstitution. This surpasses the previous year's figures of 2.37 billion shares and $80.9 billion. Nasdaq's technology was highlighted as crucial in providing efficient price discovery amidst market volatility. The Russell reconstitution reflects significant market changes, including the first reshuffle of the largest five companies since 2019 and the introduction of two companies with over $2 trillion market cap, emphasizing the importance of Nasdaq's role in maintaining market integrity.