Discontinued — last reported Q3 '22
Market data — Revenues less transaction-based expenses
Nasdaq, Inc. Market data — Revenues less transaction-based expenses decreased by 1.0% to $104.00M in Q3 2022 compared to the prior quarter. Year-over-year, this metric grew by 2.0%, from $102.00M to $104.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growing demand for the company's proprietary data products and stronger pricing power, while a decrease may indicate competitive pressure or reduced market participation. Stable or rising margins in this category often signal a high-quality, recurring revenue stream that is less sensitive to market volatility than transaction-based trading fees.
Detailed definition
This metric represents the net revenue generated from the sale, distribution, and licensing of proprietary market data,...
Peer comparison
This is comparable to 'Data and Analytics' or 'Information Services' revenue lines at other major exchange operators and financial data providers, where high-margin recurring subscription revenue is a primary valuation driver.
ndaq_segment_market_data_revenues_less_transaction_based_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | |
|---|---|---|---|---|---|---|
| Value | $106.00M | $102.00M | $98.00M | $108.00M | $105.00M | $104.00M |
| QoQ Change | — | -3.8% | -3.9% | +10.2% | -2.8% | -1.0% |
| YoY Change | — | — | — | — | -0.9% | +2.0% |
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Frequently Asked Questions
- What is Nasdaq, Inc.'s market data — revenues less transaction-based expenses?
- Nasdaq, Inc. (NDAQ) reported market data — revenues less transaction-based expenses of $104.00M in Q3 2022.
- How has Nasdaq, Inc.'s market data — revenues less transaction-based expenses changed year-over-year?
- Nasdaq, Inc.'s market data — revenues less transaction-based expenses increased by 2.0% year-over-year, from $102.00M to $104.00M.
- What does market data — revenues less transaction-based expenses mean?
- The net income earned from selling market data and index information after subtracting the direct costs of providing that data.