Nasdaq Reports Third Quarter 2020 Results; Delivers Broad-Based 13% Revenue Growth vs. Prior Year Period
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NASDAQ (NDAQ) Tops Q3 EPS by 8c, Revenues Beat
October 21, 2020 7:05 AM EDTNASDAQ (NASDAQ: NDAQ) reported Q3 EPS of $1.53, $0.08 better than the analyst estimate of $1.45. Revenue for the quarter came in at $715 million versus the consensus estimate of $688.02 million.
Third quarter 2020 net revenues1 were $715 million, an increase of 13% over the third quarter of 2019. Compared to the prior year period, revenues in the non-trading segments2 increased 12% primarily due to organic growth while Market Services revenues increased 15%, due to elevated trading volumes in U.S. equities and options.The GAAP operating margin was 46% in the third quarter of 2020, up from 36% in the prior year period,... More