Summary by Futu AI
Nasdaq reported strong financial results for Q3 2024, with revenues less transaction-based expenses increasing 21.9% to $1.15 billion. Operating income rose 3.7% to $448 million, while net income attributable to Nasdaq grew 3.9% to $306 million. The results were primarily driven by the successful integration of Adenza and robust performance across key business segments.Capital Access Platforms revenue grew 9.7% to $501 million, with Index business revenue surging 26.4% as ETP assets under management reached a record $600 billion. Financial Technology revenue increased 56% to $371 million, benefiting from the Adenza acquisition, while Market Services net revenue rose 12.6% to $266 million on higher trading volumes and improved capture rates.The company maintained strong capital return to shareholders, paying $138 million in dividends and repurchasing $88 million in common stock during the quarter. Nasdaq achieved an 85% win rate for eligible U.S. operating company listings and saw its multi-listed U.S. options market share exceed 30%, with U.S. index options volume growing 19% year-over-year.
