Nasdaq's Fourth Quarter and Full Year 2023 Results Report Shows Strong Growth and Market Resilience。

Nasdaq Q4 Increases Significantly

In 2023, Nasdaq's net income reached $3.9 billion, up 9% year-over-year, and organic growth was 5%.。In particular, fourth-quarter net income rose 23% year-over-year to $1.1 billion.。

The main factor driving Nasdaq's revenue growth was the performance of the Solutions segment, which grew revenue at an annual rate of 13% and an organic growth rate of 7%.。In the fourth quarter, the revenue of the solutions division increased by 32%, and the organic growth rate reached 9%.。

Adena Friedman, Chairman and CEO of Nasdaq, said: "Once again, we delivered strong operating results in a dynamic economic and capital markets environment.。In 2023, all of our businesses performed well, maintaining a leading position in the United States, and Verafin made breakthroughs in its strategy to grow into the high-end market and introduced new innovations in our products and services.。We successfully completed the acquisition of Adenza, enhancing our suite of mission-critical technology solutions and accelerating our strategic vision of becoming a trusted structure for the global financial system.。"

SaaS Revenue Climbs 26% Annualized

Nasdaq's annualized recurring revenue (ARR) rose significantly to $2.6 billion, up 29% from the fourth quarter of 2022, with organic growth of 6%。SaaS revenue also grew significantly by 26% on an annualized basis, with an organic growth rate of 12%, making up a significant portion of Nasdaq's ARR.。

Sarah Youngwood, executive vice president and chief financial officer of Nasdaq, said: "We are thrilled to be joining Nasdaq at a time of transition.。We achieved solid financial results and strong cash flow despite an uncertain environment。With the closing of the Adenza acquisition, we will focus on meeting the financial objectives associated with the transaction, including cross-selling and synergies targets and debt repayment.。"