Nasdaq Q1 revenue rises 22% to $1.1 billion; GAAP EPS falls 34% to $0.40
Nasdaq reported first quarter 2024 net revenues of $1.1 billion, up 22% from a year earlier, with organic growth of 6%. GAAP diluted earnings per share fell 34% to $0.40 and non-GAAP diluted EPS fell 9% to $0.63, as higher amortization, a $23 million pension settlement charge and other costs weighed on profit. The company also updated its 2024 non-GAAP operating expense guidance and declared a quarterly cash dividend.
Key points
- Net revenues were $1.1 billion, up $203 million or 22%; Solutions revenue rose 35% to $871 million.
- GAAP diluted EPS was $0.40, down 34%; non-GAAP diluted EPS was $0.63, down 9%.
- 2024 non-GAAP operating expense guidance updated to $2,125 million to $2,185 million; non-GAAP tax rate guidance of 24.5% to 26.5% maintained.
- No share repurchases in Q1 2024; the remaining $340 million term loan balance was repaid and $127 million was returned to shareholders through dividends.
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 April 25, 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.