Nasdaq said it expects to incur approximately $140 million in pre-tax charges in connection with the expanded Adenza restructuring program. The company said it expects to achieve annual cost savings of $140 million by the end of 2025, inclusive of $80 million of net expense synergies related to the AxiomSL and Calypso acquisition.

1. 01

   Nasdaq said it expects to incur approximately $140 million in pre-tax charges in connection with the expanded Adenza restructuring program. The company said it expects to achieve annual cost savings of $140 million by the end of 2025, inclusive of $80 million of net expense synergies related to the AxiomSL and Calypso acquisition.

2. 02

   Nasdaq said operating cash flow for 2024 increased $243 million compared with 2023, citing the impact of higher net income and non-cash items including increased amortization of intangible assets related to the Adenza acquisition.

3. 03

   Nasdaq said it used cash in financing activities in 2024 for a decrease in default funds and margin deposits of $1,030 million, dividend payments of $541 million, repayment of the 2023 Term Loan of $340 million, and share repurchases of $145 million.

4. 04

   Nasdaq said its Index business had net inflows of $80 billion in 2024, ETP AUM tracking Nasdaq indices reached $647 billion as of December 31, 2024, and it launched 116 new products.

Key figures

Fiscal year ended December 31, 2024

Revenue

$7.4B

Operating income

$1.8B

Net income

$1.1B

EPS

$1.93

Gross profit

$4.6B

Operating cash flow

$1.9B

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

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