The American Nasdaq stock exchange, Nasdaq Inc., announced its quarterly financial results for the fourth quarter and the fiscal year 2024 on Wednesday, revealing a significant increase in Nasdaq's earnings, buoyed by strong demand for the exchange operator's financial technology products.
According to the statement released on the company's website, Nasdaq recorded net revenues of billions of dollars for 2024, an increase of 19% compared to 2023. This growth was accompanied by a 25% rise in the company's revenues from solutions provided to its clients. In the fourth quarter alone, Nasdaq's net revenue reached $1.2 billion, up 10% from the same quarter of 2023, with a 10% increase in solution revenues.
During the fourth quarter, Nasdaq's revenues from its financial technology products rose by 10% compared to the same quarter last year, reaching $438 million, while Nasdaq index revenues grew by about 29%, totaling $188 million, with net inflows of $80 billion over the past twelve months and $28 billion in the fourth quarter.
On the other hand, diluted earnings per share decreased by 7% in 2024 but increased by 72% in the fourth quarter of 2024. Nasdaq's net profit was $438 million, or 76 cents per share in the fourth quarter, compared to $395 million, or 72 cents per share in the same quarter of the previous year.
In the fourth quarter of 2024, the company paid out total dividends of $138 million to shareholders, and it also repurchased $181 million of senior unsecured bonds in the fourth quarter of 2024.
