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Investing.com -- Nasdaq, Inc. reported first quarter 2025 earnings that surpassed analyst estimates, with revenue growth driven by strong performance across its business segments. The stock edged up 0.5% following the announcement.
The exchange operator posted adjusted earnings per share of $0.79, beating the analyst consensus of $0.75. Revenue for the quarter came in at $1.24 billion, slightly above the $1.22 billion estimate and up 11% compared to the same period last year.
Nasdaq’s Solutions revenue grew 9%, or 11% on an adjusted basis. The company’s Annualized Recurring Revenue (ARR) increased 8% to $2.8 billion, with annualized SaaS revenue up 14% and representing 37% of ARR. Financial Technology revenue rose 10% to $432 million, while Index revenue grew 14% to $193 million.
"Our first quarter results demonstrate the strength and diversification of our business model," said Adena Friedman, Chair and CEO of Nasdaq. "We continue to see robust demand for our technology and data solutions, while our core exchange businesses remain resilient."
The company updated its 2025 non-GAAP operating expense guidance to a range of $2,265 million to $2,325 million, while maintaining its 2025 non-GAAP tax rate guidance between 22.5% and 24.5%.
During the quarter, Nasdaq returned $138 million to shareholders through dividends and $115 million through share repurchases. The company also repurchased $279 million of senior unsecured notes.
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