Nasdaq Q4 revenue rises 23% to $1.1 billion; GAAP EPS falls 25% to $0.36
Nasdaq reported fourth-quarter and full-year 2023 results, with net revenues up 23% in the quarter to $1.1 billion, driven largely by the Adenza acquisition, which closed on November 1, 2023. GAAP diluted EPS fell 25% in the quarter to $0.36, while non-GAAP diluted EPS rose 12.5% to $0.72, so shareholders see revenue growth alongside lower reported profit per share. The company also initiated 2024 non-GAAP operating expense guidance of $2,105 million to $2,185 million and declared a quarterly cash dividend.
Key points
- Q4 2023 net revenues were $1,117 million, up 23% year over year, with 7% organic growth.
- Q4 2023 GAAP diluted EPS was $0.36, down 25%; non-GAAP diluted EPS was $0.72, up 12.5%.
- Full-year 2023 net revenues were $3.9 billion, up 9%, and GAAP diluted EPS was $2.08, down 8%.
- 2024 non-GAAP operating expense guidance is $2,105 million to $2,185 million.
The filing
Written by AI on Nov 8, 2026, 1:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 31, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.