Nasdaq (NDAQ) FY2023 results: revenue $6.1 billion, down 2.6% on the year
Nasdaq, Inc. (NDAQ) reported revenue of $6.1 billion for fiscal 2023, the year ended 31 December 2023, down 2.6% on the year before. Net income was $1.1 billion, down 5.9%, and diluted earnings per share $2.08. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2024.
Revenue
$6.1 billion
-2.6% on the year
FY2016FY2023
Operating margin
26.0%
25.1% a year earlier
FY2016FY2023
Net income
$1.1 billion
-5.9% on the year
FY2016FY2023
Diluted EPS
$2.08
-8.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,696
1,706
1,083
-0.6%
Capital expenditure
158
152
163
+3.9%
Free cash flow
1,538
1,554
920
-1.0%
Free cash flow margin
25.4%
25.0%
15.6%
Cash from investing
-5,994
49.0
-2,653
Cash from financing
4,220
1,036
1,418
+307.3%
Depreciation and amortisation
117
105
108
+11.4%
Share-based compensation
122
106
90.0
+15.1%
Buybacks
269
308
468
-12.7%
Dividends paid
441
383
350
+15.1%
Dividend per share
$0.86
$0.78
$0.70
+10.3%
Diluted shares, weighted
508m
498m
505m
+2.1%
Shares outstanding at period end
575m
492m
500m
+17.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
10,816
6,151
6,395
+75.8%
Non-controlling interest
11.0
13.0
10.0
-15.4%
Debt
10,454
5,399
5,830
+93.6%
Operating lease liabilities
417
452
386
-7.7%
Other liabilities
10,596
8,853
7,494
+19.7%
Total liabilities and equity
32,294
20,868
20,115
+54.8%
Fixed assets
576
532
509
+8.3%
Goodwill
14,112
8,099
8,433
+74.2%
Intangible assets
7,443
2,581
2,813
+188.4%
Cash and equivalents
453
502
393
-9.8%
Receivables
929
677
588
+37.2%
Other assets
8,781
8,477
7,379
+3.6%
Total assets
32,294
20,868
20,115
+54.8%
10-K for the year ended 31 December 2023, filed 21 February 2024: the filing.