The company said Index ETP AUM averaged $575 billion and reached $600 billion at quarter-end in Q3 2024, and U.S. equity derivatives net revenue was a record $107 million for the quarter.

10-QQuarterly reportFiled Oct 29, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said Index ETP AUM averaged $575 billion and reached $600 billion at quarter-end in Q3 2024, and U.S. equity derivatives net revenue was a record $107 million for the quarter.
Nasdaq said its headcount rose from 6,590 employees as of September 30, 2023 to 9,120 employees as of September 30, 2024, citing the Adenza acquisition as the main factor. It attributed the increase in depreciation and amortization mainly to higher amortization of intangible assets from the Adenza acquisition.
The company said it expects to achieve $80 million in net expense synergies upon completion of the Adenza restructuring program, and that as of September 30, 2024 it had actioned approximately 80% of these synergies. The divisional alignment program ended on September 30, 2024 after 2 years, with total pre-tax charges of $139 million.
The company said it paid dividends of $138 million and repurchased shares for $88 million in Q3 2024. Net cash provided by operating activities for the 9 months of 2024 decreased $45 million from the same period a year earlier.

Key figures

Quarter ended September 30, 2024

Revenue: $1.9B
Operating income: $448M
Net income: $306M
EPS: $0.53
Gross profit: $1.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Index ETP AUM and U.S. Equity Derivatives Net Revenue

The company said Index ETP AUM averaged $575 billion and reached $600 billion at quarter-end in Q3 2024, and U.S. equity derivatives net revenue was a record $107 million for the quarter.

Source · Based on the MD&A text of the filing

Adenza-Related Changes in Headcount and Expenses

Nasdaq said its headcount rose from 6,590 employees as of September 30, 2023 to 9,120 employees as of September 30, 2024, citing the Adenza acquisition as the main factor. It attributed the increase in depreciation and amortization mainly to higher amortization of intangible assets from the Adenza acquisition.

Source · Based on the MD&A text of the filing

Restructuring Program Progress

The company said it expects to achieve $80 million in net expense synergies upon completion of the Adenza restructuring program, and that as of September 30, 2024 it had actioned approximately 80% of these synergies. The divisional alignment program ended on September 30, 2024 after 2 years, with total pre-tax charges of $139 million.

Source · Based on the MD&A text of the filing

Q3 Shareholder Returns and 9-Month Operating Cash Flow

The company said it paid dividends of $138 million and repurchased shares for $88 million in Q3 2024. Net cash provided by operating activities for the 9 months of 2024 decreased $45 million from the same period a year earlier.

Source · Based on the MD&A text of the filing

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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