Nasdaq, Inc. (NDAQ) 2024 Q2 Earnings Call Summary
July 25, 2024 
Nasdaq, Inc. (NDAQ)
| Market Cap | 0.21T |
|---|---|
| Beta | |
| P/E | 39.75452774136047 |
| EPS | 12.247158441111395 |
| Dividend | 0 |
| Dividend Yield | 0.00% |
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View original Nasdaq, Inc. earnings transcript →
Company key drivers
Note: all the quotes from earning call transcript
Driver 1: IPO Activity and Listings
IPO activity and listings are crucial for revenue growth and market share.
2024-Q2
- ... The general stability in the US economy and the potential for a lower cost of capital going forward is resulting in modest improvements in the IPO landscape as we progress through 2024. ...
- ... We welcomed 31 operating company IPOs maintaining our strong win rate of 72% based on Nasdaq eligible listings. ...
Driver 2: Index Business Growth
Index business growth significantly impacts revenue and market positioning.
Driver 3: Financial Technology (FinTech) Solutions
FinTech solutions drive significant revenue growth and client engagement.
2024-Q2
- ... ARR growth across the division was 13%, including 25% in Financial Crime Management Technology, 14% in the combined AxiomSL and Calypso solutions and 9% in the combined Market Technology and Trade Management Services. ...
- ... The division had 69 new client signings, 96 upsells and 4 cross-sells. ...
Driver 4: Cross-Selling Opportunities
Cross-selling enhances revenue growth and client retention.
2024-Q2
Driver 5: AI and Technological Innovation
AI and technological innovation drive product enhancement and operational efficiency.
2024-Q2
- ... We currently have approximately 50% of our employee base working with AI tools focused on enhancing productivity as well as driving our product road map. ...
- ... Dynamic M-ELO, the first SEC approved AI order type, which we launched in April, is driving a 20% increase in both volumes for this order type and improvement in fill rates compared to the prior static version. ...
Driver 6: Expense Management and Synergies
Effective expense management and synergies improve margins and free cash flow.
2024-Q2
Driver 7: Market Services Performance
Market services performance impacts revenue and market share.