Every material Form 8-K Nasdaq filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Nasdaq reported third-quarter 2024 net revenue of $1,146 million, up 22% from a year earlier, while GAAP diluted earnings per share fell 11% to $0.53 and non-GAAP diluted EPS rose 5% to $0.74. The company also updated its 2024 non-GAAP operating expense and tax rate guidance and declared a quarterly cash dividend, with $0.24 per share declared in the quarter compared with $0.22 a year earlier.
Net revenue (revenues less transaction-based expenses) was $1,146 million, up from $940 million; on a pro forma basis, growth was 10%.
GAAP diluted EPS was $0.53, down from $0.60; non-GAAP diluted EPS was $0.74, up from $0.71.
2024 non-GAAP operating expense guidance was updated to $2,150 million to $2,180 million, and non-GAAP tax rate guidance to 23.5% to 24.5%.
The company returned $138 million to shareholders through dividends and $88 million through share repurchases in the quarter, with $1.7 billion remaining under its buyback authorization.
Nasdaq said Brendan Brothers, executive vice president and head of Financial Crime Management Technology, will step back from his executive role and become a senior strategic advisor, effective immediately and until at least December 31, 2024. Stephanie Champion, a 13-year Nasdaq Verafin veteran who is currently senior vice president and head of sales, will succeed him as head of Nasdaq Verafin, and Chief Strategy Officer Jeremy Skule will add the role of Executive Chair of the business. The filing contains no financial results; the change is a leadership reshuffle in a unit the company says has strong momentum.
Brendan Brothers, Verafin co-founder, moves to senior strategic advisor effective September 6, 2024, until at least December 31, 2024
Stephanie Champion, current SVP and Head of Sales, succeeds Brothers as EVP and Head of Nasdaq Verafin
Jeremy Skule, EVP and Chief Strategy Officer, takes on the added role of Executive Chair of Financial Crime Management Technology
Nasdaq says Verafin serves more than 2,500 banks representing more than $9 trillion in collective assets
Nasdaq reported second-quarter 2024 net revenues of $1.2 billion, up 25% from a year earlier and up 10% on a pro forma basis, while GAAP diluted earnings per share fell 30% to $0.38. The company also updated its 2024 non-GAAP operating expense guidance and announced a quarterly cash dividend, with the second-quarter dividends declared at $0.24 per share.
Net revenues were $1.2 billion, up 25% year over year and 10% pro forma; Solutions revenues were $901 million, up 34%.
GAAP diluted EPS was $0.38, down 30%; non-GAAP diluted EPS was $0.69, down 3%.
2024 non-GAAP operating expense guidance updated to $2,145 million to $2,185 million; non-GAAP tax rate guidance of 24.5% to 26.5% maintained.
Cash dividends declared were $0.24 per common share in the second quarter of 2024, versus $0.22 a year earlier.
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.
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.
Borse Dubai, a Nasdaq shareholder, agreed to sell 26,956,522 shares of Nasdaq common stock in a secondary offering priced at $59.00 per share, with an option for underwriters to buy 4,043,478 more. Nasdaq will not receive any proceeds, and the offering is expected to close on March 22, 2024. Under a related amendment, Borse Dubai agreed to an 18-month transfer restriction and keeps the right to nominate a director while it owns at least 10% of Nasdaq's shares.
Borse Dubai to sell 26,956,522 shares at $59.00 per share; underwriters have a 30-day option for 4,043,478 additional shares
Nasdaq receives no proceeds; Borse Dubai receives all proceeds from the offering
After the offering, Borse Dubai expected to hold about 62.4 million shares, or about 10.8% of outstanding shares (about 58.3 million, or 10.1%, if the option is fully exercised)
Amendment bars Borse Dubai from transferring its remaining shares for 18 months from March 19, 2024; director Essa Kazim is its initial nominee
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.
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Nasdaq filing is on SEC EDGAR ↗. 8-K briefs of other companies →