Nasdaq reported Q2 2024 revenues of $1.79 billion, up 25.1% year-over-year, with revenues less transaction-based expenses rising 25.3% to $1.16 billion. Net income attributable to Nasdaq decreased 16.9% to $222 million, while diluted EPS fell 29.6% to $0.38. The results were significantly impacted by the Adenza acquisition completed in November 2023.The Capital Access Platforms segment saw revenues increase 9.8% to $481 million, driven by strong growth in Index revenues. Financial Technology revenues surged 78.7% to $420 million, primarily due to the inclusion of Adenza's AxiomSL and Calypso businesses. Market Services net revenues rose 3.3% to $250 million, with increases in both equity derivative and cash equity trading.Operating expenses jumped 35.5% to $736 million, largely due to increased headcount from Adenza and higher amortization of acquired intangible assets. The effective tax rate increased to 34.9% from 20.8% in Q2 2023, primarily due to a one-time net tax expense of $33 million related to an intragroup transfer of intellectual property assets.

Nasdaq reported Q2 2024 revenues of $1.79 billion, up 25.1% year-over-year, with revenues less transaction-based expenses rising 25.3% to $1.16 billion. Net income attributable to Nasdaq decreased 16.9% to $222 million, while diluted EPS fell 29.6% to $0.38. The results were significantly impacted by the Adenza acquisition completed in November 2023.The Capital Access Platforms segment saw revenues increase 9.8% to $481 million, driven by strong growth in Index revenues. Financial Technology revenues surged 78.7% to $420 million, primarily due to the inclusion of Adenza's AxiomSL and Calypso businesses. Market Services net revenues rose 3.3% to $250 million, with increases in both equity derivative and cash equity trading.Operating expenses jumped 35.5% to $736 million, largely due to increased headcount from Adenza and higher amortization of acquired intangible assets. The effective tax rate increased to 34.9% from 20.8% in Q2 2023, primarily due to a one-time net tax expense of $33 million related to an intragroup transfer of intellectual property assets.