Nasdaq reported a higher fourth-quarter profit on Wednesday, helped by strong demand for the exchange operator’s financial technology products.
The company has been expanding outside its market-sensitive core activities of trading and listing to products that help traders navigate compliance requirements and safeguard against financial crimes.
Revenue from Nasdaq’s financial technology business rose nearly 9.8% in the fourth quarter.
Hopes of a soft landing for the U.S. economy, strong equity markets and expectations of a friendlier regulatory environment for deals and offerings under the Trump administration breathed new life into the U.S. IPO market during the reported quarter.
Nasdaq stock market’s total new listings rose to 162 in the fourth quarter from 100 a year earlier, resulting in a 1.6% increase in the company’s data and listing services revenue.
Software (ETR:SOWGn) firm ServiceTitan and China’s self-driving vehicle company WeRide were some of the big names that listed its shares on Nasdaq during the October-December quarter.
Nasdaq’s solutions business, which houses the exchange operator’s financial technology products, reported revenue that increased 10% to $949 million.
The company reported a net revenue of $1.23 billion, up from $1.12 billion.
Net profit attributable to Nasdaq, on an adjusted basis, came in at $438 million, or 76 cents per share, in the fourth quarter ended Dec. 31, compared with $395 million, or 72 cents per share, a year earlier.
The company’s shares, which rose 33% in 2024, were up marginally in trading before the bell.
