Nasdaq, inc. (NDAQ)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Listing Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66,000

66,000

64,000

-

59,000

60,000

58,000

58,000

57,000

58,000

55,000

58,000

55,000

55,000

56,000

-35,000

90,000

92,000

89,000

83,000

85,000

86,000

84,000

82,000

85,000

Total revenues

1,353,000

1,066,000

1,096,000

1,061,000

1,039,000

1,135,000

964,000

1,027,000

1,151,000

1,020,000

965,000

994,000

969,000

973,000

929,000

897,000

905,000

867,000

871,000

807,000

858,000

919,000

818,000

865,000

898,000

848,000

805,000

814,000

744,000

755,000

746,000

815,000

804,000

842,000

944,000

837,000

815,000

777,000

757,000

886,000

771,000

810,000

889,000

Transaction-based expenses:
Transaction rebates

-

-

349,000

331,000

-

-

293,000

308,000

348,000

-

266,000

304,000

301,000

288,000

265,000

256,000

283,000

250,000

256,000

216,000

261,000

292,000

236,000

252,000

285,000

253,000

231,000

276,000

242,000

249,000

250,000

299,000

306,000

323,000

390,000

322,000

309,000

298,000

303,000

384,000

327,000

329,000

381,000

Brokerage, clearance and exchange fees

-

-

115,000

107,000

-

-

71,000

104,000

137,000

-

96,000

94,000

87,000

87,000

79,000

82,000

88,000

81,000

86,000

73,000

90,000

109,000

85,000

90,000

84,000

75,000

68,000

87,000

84,000

85,000

84,000

89,000

84,000

93,000

118,000

100,000

93,000

85,000

82,000

112,000

84,000

132,000

141,000

Total cost of revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299,000

363,000

326,000

-

334,000

388,000

390,000

416,000

508,000

422,000

402,000

383,000

385,000

496,000

411,000

461,000

522,000

Revenues less transaction-based expenses

701,000

646,000

632,000

623,000

634,000

645,000

600,000

615,000

666,000

631,000

603,000

596,000

581,000

598,000

585,000

559,000

534,000

536,000

529,000

518,000

507,000

518,000

497,000

523,000

529,000

520,000

506,000

451,000

418,000

421,000

412,000

427,000

414,000

426,000

436,000

415,000

413,000

394,000

372,000

390,000

360,000

349,000

367,000

Operating expenses:
Compensation and benefits

195,000

188,000

175,000

169,000

175,000

178,000

164,000

173,000

197,000

181,000

167,000

161,000

161,000

181,000

168,000

164,000

152,000

149,000

150,000

144,000

147,000

149,000

136,000

145,000

158,000

146,000

150,000

126,000

117,000

116,000

113,000

113,000

112,000

113,000

118,000

115,000

112,000

110,000

101,000

103,000

98,000

100,000

105,000

Professional and contract services

27,000

29,000

31,000

30,000

37,000

40,000

33,000

34,000

37,000

43,000

38,000

36,000

36,000

43,000

40,000

35,000

35,000

40,000

33,000

42,000

33,000

39,000

37,000

42,000

39,000

46,000

41,000

35,000

29,000

29,000

27,000

26,000

25,000

31,000

21,000

20,000

19,000

15,000

18,000

20,000

19,000

20,000

17,000

Computer operations and data communications

35,000

34,000

33,000

33,000

33,000

33,000

32,000

30,000

32,000

33,000

32,000

30,000

30,000

31,000

28,000

27,000

25,000

26,000

23,000

23,000

35,000

25,000

22,000

23,000

22,000

25,000

22,000

20,000

15,000

8,000

18,000

17,000

17,000

14,000

17,000

17,000

17,000

15,000

13,000

14,000

16,000

14,000

14,000

Occupancy

25,000

25,000

24,000

24,000

24,000

24,000

23,000

23,000

25,000

25,000

23,000

23,000

23,000

24,000

23,000

19,000

20,000

21,000

22,000

21,000

21,000

35,000

26,000

24,000

25,000

27,000

26,000

23,000

22,000

25,000

22,000

23,000

23,000

22,000

23,000

23,000

23,000

22,000

23,000

21,000

22,000

19,000

18,000

General, administrative and other

61,000

29,000

40,000

40,000

16,000

45,000

28,000

25,000

22,000

18,000

15,000

30,000

19,000

23,000

19,000

17,000

14,000

-11,000

11,000

19,000

46,000

15,000

18,000

33,000

23,000

19,000

17,000

19,000

25,000

14,000

15,000

15,000

14,000

38,000

18,000

14,000

13,000

13,000

12,000

13,000

55,000

20,000

11,000

Marketing and advertising

9,000

11,000

8,000

10,000

10,000

11,000

7,000

10,000

9,000

9,000

7,000

8,000

7,000

8,000

8,000

8,000

6,000

9,000

6,000

6,000

7,000

10,000

5,000

9,000

8,000

8,000

7,000

8,000

7,000

8,000

6,000

6,000

6,000

10,000

4,000

5,000

5,000

6,000

5,000

5,000

4,000

3,000

3,000

Depreciation and amortization

48,000

47,000

47,000

48,000

48,000

51,000

53,000

53,000

53,000

49,000

47,000

47,000

45,000

45,000

46,000

41,000

38,000

36,000

34,000

34,000

34,000

33,000

34,000

35,000

35,000

34,000

33,000

28,000

27,000

27,000

26,000

25,000

26,000

28,000

28,000

26,000

27,000

28,000

25,000

25,000

25,000

27,000

27,000

Regulatory

7,000

8,000

8,000

8,000

7,000

8,000

8,000

8,000

8,000

8,000

9,000

8,000

8,000

14,000

8,000

6,000

7,000

6,000

7,000

7,000

7,000

6,000

7,000

7,000

7,000

7,000

8,000

8,000

7,000

8,000

8,000

9,000

9,000

9,000

9,000

8,000

9,000

8,000

9,000

9,000

9,000

10,000

10,000

Merger and strategic initiatives

7,000

6,000

10,000

5,000

9,000

15,000

6,000

-10,000

10,000

24,000

3,000

11,000

6,000

20,000

12,000

35,000

9,000

3,000

4,000

3,000

0

34,000

5,000

14,000

28,000

-11,000

0

25,000

8,000

4,000

-3,000

1,000

2,000

1,000

3,000

29,000

5,000

-

1,000

1,000

-

5,000

3,000

Restructuring charges

12,000

-

30,000

-

0

-

0

-

-

-

-

-

-

-1,000

0

33,000

9,000

12,000

8,000

2,000

150,000

0

0

0

0

0

0

0

9,000

8,000

10,000

17,000

9,000

-

-

-

-

-

-

-

-

-

-

Voluntary accommodation program

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18,000

0

0

62,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

426,000

386,000

406,000

367,000

359,000

405,000

354,000

346,000

393,000

390,000

341,000

354,000

335,000

388,000

352,000

385,000

315,000

291,000

298,000

301,000

480,000

346,000

290,000

332,000

345,000

283,000

304,000

292,000

328,000

247,000

242,000

252,000

243,000

266,000

241,000

257,000

230,000

219,000

207,000

211,000

248,000

218,000

208,000

Operating income

275,000

260,000

226,000

256,000

275,000

240,000

246,000

269,000

273,000

241,000

262,000

242,000

246,000

210,000

233,000

174,000

219,000

245,000

231,000

217,000

27,000

172,000

207,000

191,000

184,000

237,000

202,000

159,000

90,000

174,000

170,000

175,000

171,000

160,000

195,000

158,000

183,000

175,000

165,000

179,000

112,000

131,000

159,000

Interest income

2,000

1,000

3,000

3,000

3,000

3,000

3,000

2,000

2,000

1,000

2,000

2,000

2,000

2,000

1,000

1,000

1,000

1,000

1,000

1,000

1,000

2,000

1,000

1,000

2,000

2,000

2,000

2,000

3,000

4,000

2,000

2,000

2,000

3,000

3,000

3,000

2,000

3,000

2,000

2,000

2,000

3,000

2,000

Interest expense

26,000

27,000

29,000

31,000

37,000

37,000

38,000

37,000

38,000

36,000

34,000

36,000

37,000

38,000

37,000

32,000

28,000

28,000

28,000

27,000

28,000

28,000

29,000

30,000

30,000

29,000

32,000

26,000

24,000

25,000

24,000

24,000

24,000

26,000

30,000

31,000

32,000

26,000

25,000

26,000

25,000

26,000

25,000

Net gain on divestiture of business

0

0

0

0

27,000

0

-8,000

41,000

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,000

-

-

-

-

-

-

-

-

-11,000

-

-

-

Other income

5,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset Impairment Charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

0

0

10,000

0

0

28,000

12,000

-

-

-

-

-

-

-

-

-

-

Other investment income

-

-

0

1,000

-

-

0

8,000

-

-

0

1,000

-

0

0

2,000

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

0

-1,000

-

-

1,000

-

1,000

1,000

Net income from unconsolidated investees

17,000

14,000

15,000

10,000

45,000

5,000

6,000

5,000

2,000

5,000

4,000

2,000

4,000

-3,000

2,000

1,000

2,000

0

2,000

1,000

14,000

-

-

-

-

-

-1,000

-

-

-

-

-

-

-

1,000

1,000

-

-

1,000

1,000

-

-

-18,000

Loss on sale of investment security

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,000

Debt conversion expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,000

-

Income before income taxes

273,000

252,000

215,000

239,000

313,000

328,000

209,000

288,000

239,000

212,000

234,000

211,000

215,000

-407,000

199,000

146,000

195,000

218,000

206,000

192,000

14,000

97,000

179,000

162,000

156,000

235,000

171,000

135,000

59,000

152,000

134,000

125,000

137,000

120,000

170,000

131,000

152,000

148,000

143,000

146,000

89,000

84,000

114,000

Income tax provision

70,000

49,000

65,000

65,000

66,000

372,000

46,000

126,000

62,000

-33,000

64,000

65,000

47,000

-180,000

68,000

76,000

63,000

70,000

68,000

60,000

5,000

11,000

56,000

61,000

53,000

94,000

58,000

47,000

17,000

68,000

45,000

33,000

53,000

40,000

61,000

40,000

49,000

14,000

43,000

51,000

29,000

25,000

46,000

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148,000

138,000

132,000

9,000

-

123,000

101,000

-

141,000

113,000

88,000

42,000

84,000

89,000

92,000

84,000

80,000

109,000

91,000

103,000

134,000

100,000

95,000

60,000

59,000

68,000

Net loss attributable to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,000

-

-

-

-

-

-

-

-

-

-1,000

0

-1,000

-1,000

-1,000

-1,000

-1,000

-1,000

-3,000

-1,000

-1,000

-1,000

-1,000

-1,000

Net income attributable to Nasdaq

203,000

203,000

150,000

174,000

247,000

-44,000

163,000

162,000

177,000

245,000

170,000

146,000

168,000

-227,000

131,000

70,000

132,000

148,000

138,000

133,000

9,000

87,000

123,000

101,000

103,000

142,000

113,000

88,000

42,000

85,000

89,000

93,000

85,000

81,000

110,000

92,000

104,000

137,000

101,000

96,000

61,000

60,000

69,000

Per share information:
Basic earnings per share (in dollars per share)

1.23

1.24

0.91

1.05

1.49

-0.26

0.99

0.98

1.06

1.47

1.02

0.88

1.01

-1.37

0.79

0.42

0.80

0.89

0.83

0.79

0.05

0.51

0.73

0.60

0.61

0.83

0.68

0.53

0.26

0.52

0.53

0.55

0.49

0.47

0.62

0.52

0.59

0.68

0.51

0.46

0.29

0.30

0.34

Diluted earnings per share (in dollars per share)

1.22

1.21

0.90

1.04

1.48

-0.26

0.97

0.97

1.05

1.44

1.00

0.87

0.99

-1.34

0.77

0.42

0.78

0.88

0.80

0.77

0.05

0.50

0.71

0.59

0.59

0.82

0.66

0.52

0.25

0.51

0.52

0.53

0.48

0.46

0.61

0.51

0.57

0.67

0.50

0.46

0.28

0.28

0.33

Cash dividends declared per common share (in dollars per share)

0.47

0.47

0.47

0.47

0.44

0.44

0.44

0.00

0.82

0.38

0.38

0.38

0.32

0.32

0.32

0.00

0.57

0.25

0.25

0.25

0.15

0.15

0.15

0.00

0.28

0.13

0.13

0.13

0.13

-

0.13

0.13

-

-

-

-

-

-

-

-

-

-

-

Other Revenues
Total revenues

0

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues less transaction-based expenses

-

-

-

-

10,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Market Services [Member]
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

690,000

665,000

-

-

586,000

649,000

735,000

-

581,000

620,000

606,000

594,000

557,000

532,000

572,000

525,000

542,000

478,000

539,000

603,000

510,000

539,000

577,000

512,000

499,000

553,000

508,000

520,000

519,000

587,000

580,000

363,000

808,000

699,000

683,000

648,000

634,000

766,000

652,000

692,000

768,000

Corporate Services [Member]
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

124,000

123,000

-

-

121,000

120,000

132,000

-

126,000

122,000

160,000

10,000

162,000

162,000

143,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Information Services
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

198,000

194,000

-

-

179,000

175,000

174,000

-

150,000

144,000

138,000

136,000

137,000

134,000

133,000

127,000

132,000

128,000

125,000

113,000

114,000

123,000

123,000

106,000

117,000

107,000

106,000

93,000

99,000

106,000

102,000

-

-

-

-

-

-

-

-

-

-

Market Technology
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

84,000

79,000

-

-

68,000

66,000

60,000

-

62,000

58,000

65,000

42,000

73,000

69,000

57,000

-151,000

131,000

135,000

130,000

-172,000

135,000

143,000

140,000

172,000

132,000

96,000

75,000

84,000

73,000

67,000

66,000

123,000

46,000

46,000

43,000

46,000

38,000

34,000

34,000

36,000

36,000

Other revenues
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

0

0

-

-

10,000

17,000

50,000

-

46,000

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,000

-

-

Revenues less transaction-based expenses

-

-

-

-

-

-

10,000

17,000

50,000

-

46,000

50,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction rebates
Transaction-based expenses

479,000

-

-

-

331,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Brokerage, clearance and exchange fees
Transaction-based expenses

173,000

-

-

-

74,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-