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AI English summary of an SEC filing — figures as filed

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The company said its full-year 2023 Revenues less transaction-based expenses (net revenues) rose to $3,895 million, up 9% (5% organic) from $3,582 million a year earlier, and its net revenues for Q4 rose to $1,117 million, up 23% (7% organic).

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its full-year 2023 Revenues less transaction-based expenses (net revenues) rose to $3,895 million, up 9% (5% organic) from $3,582 million a year earlier, and its net revenues for Q4 rose to $1,117 million, up 23% (7% organic).

  2. Nasdaq said its GAAP diluted earnings per share fell 8% to $2.08 for 2023 and fell 25% to $0.36 for Q4, while its non-GAAP diluted earnings per share rose 6% to $2.82 for the year and 13% to $0.72 for Q4.

  3. The company said it completed its acquisition of Adenza on November 1, 2023. It said GAAP operating expenses rose 37% to $765 million for Q4, and cited the inclusion of $94 million in Adenza operating expenses, including amortization of acquired intangible assets, as a factor in the increase.

  4. The company said it returned $127 million to shareholders through dividends in Q4 2023, repurchased $110 million of its common stock and repaid $260 million of debt. It also gave non-GAAP operating expense guidance for 2024 of $2,105 million to $2,185 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

2023 Full-Year and Q4 Net Revenue Growth

The company said its full-year 2023 Revenues less transaction-based expenses (net revenues) rose to $3,895 million, up 9% (5% organic) from $3,582 million a year earlier, and its net revenues for Q4 rose to $1,117 million, up 23% (7% organic).

Source · Based on the filing body and exhibits

GAAP and Non-GAAP Diluted EPS Changes

Nasdaq said its GAAP diluted earnings per share fell 8% to $2.08 for 2023 and fell 25% to $0.36 for Q4, while its non-GAAP diluted earnings per share rose 6% to $2.82 for the year and 13% to $0.72 for Q4.

Source · Based on the filing body and exhibits

Adenza Acquisition Completed and Q4 Expenses Rise

The company said it completed its acquisition of Adenza on November 1, 2023. It said GAAP operating expenses rose 37% to $765 million for Q4, and cited the inclusion of $94 million in Adenza operating expenses, including amortization of acquired intangible assets, as a factor in the increase.

Source · Based on the filing body and exhibits

Q4 Shareholder Returns and Debt Repayment; 2024 Expense Outlook

The company said it returned $127 million to shareholders through dividends in Q4 2023, repurchased $110 million of its common stock and repaid $260 million of debt. It also gave non-GAAP operating expense guidance for 2024 of $2,105 million to $2,185 million.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.