Nasdaq said it returned $127 million to shareholders through dividend payments in Q1 2024 (3 months). The board also approved a regular quarterly cash dividend of $0.24 per share in April 2024, up 9% from the prior quarter's dividend of $0.22 per share.

1. 01

   Nasdaq said it returned $127 million to shareholders through dividend payments in Q1 2024 (3 months). The board also approved a regular quarterly cash dividend of $0.24 per share in April 2024, up 9% from the prior quarter's dividend of $0.22 per share.

2. 02

   The company said headcount, including employees of non-wholly owned consolidated subsidiaries, rose to 8,568 as of March 31, 2024 from 6,486 as of March 31, 2023, mainly due to its acquisition of Adenza. It also said the increase in depreciation and amortization was mainly due to amortization of intangible assets acquired in the Adenza acquisition.

3. 03

   The company cited lower default funds and margin deposits, the repayment of the 2023 Term Loan of $340 million, dividend payments of $127 million and net commercial paper repayments of $67 million as the main items driving net cash outflows from financing activities in Q1 2024. Default funds and margin deposits decreased by $1,317 million.

4. 04

   The company said net cash provided by operating activities in Q1 2024 decreased by $35 million from the same period a year earlier. It attributed the decrease to changes in operating assets and liabilities, the timing of payments and receipts of $(53) million, and an increase of $18 million in adjusted net income. It also said the increase in Index revenues included a $16 million one-time item related to a legal settlement.

Key figures

Quarter ended March 31, 2024

Revenue

$1.7B

Operating income

$410M

Net income

$234M

EPS

$0.40

Gross profit

$1.1B

Operating cash flow

$530M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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