Nasdaq, Inc. reported a significant increase in its financial performance for the fiscal year ending December 31, 2024, with total revenues reaching $7.4 billion, a 22% increase from $6.1 billion in 2023. The company's revenues less transaction-based expenses also rose by 19.4% to $4.65 billion, compared to $3.9 billion in the previous year. Operating income increased by 13.9% to $1.8 billion, while net income attributable to Nasdaq rose by 5.5% to $1.12 billion, resulting in diluted earnings per share of $1.93, down from $2.08 in 2023.
The financial results reflect several strategic developments, including the acquisition of Adenza, completed in November 2023, which has been integrated into Nasdaq's Financial Technology segment. This acquisition contributed to a 47.5% increase in revenues for the Financial Technology segment, which totaled $1.62 billion in 2024. The Capital Access Platforms segment also saw growth, with revenues of $1.97 billion, an 11.4% increase, while the Market Services segment reported revenues of $3.77 billion, up 20.9% from the previous year.
Operationally, Nasdaq reported a total of 5,249 companies listed across its exchanges as of December 31, 2024, with 4,075 listings on The Nasdaq Stock Market. The company achieved an 82% win rate among Nasdaq-eligible IPOs in the U.S., representing 180 deals and $23 billion in total proceeds raised. Additionally, the Index business reported record assets under management (AUM) of $647 billion, with $80 billion in net inflows during the year. Nasdaq's employee headcount increased to 9,162, reflecting the growth in its Financial Technology segment.
The filing also highlighted the company's focus on enhancing its technology capabilities, particularly through the integration of artificial intelligence (AI) and cloud-based solutions. Nasdaq is transitioning its exchanges to a cloud infrastructure in partnership with Amazon Web Services (AWS), which is expected to improve performance and flexibility for clients. The company anticipates that these technological advancements will further enhance market resiliency and scalability.
Looking ahead, Nasdaq expressed optimism about its growth trajectory, driven by ongoing investments in technology and strategic initiatives. However, the company acknowledged potential risks, including economic conditions, regulatory changes, and competition in the financial services sector, which could impact future performance. Nasdaq's management remains committed to optimizing resources and capitalizing on emerging opportunities in the evolving global financial landscape.
About NASDAQ, INC.
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