Discontinued — last reported Q4 '23
Nasdaq, Inc. Regulatory Technology — Revenues less transaction-based expenses remained flat by 0.0% to $53.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 63.1%, from $32.50M to $53.00M. Over 2 years (FY 2021 to FY 2023), Regulatory Technology — Revenues less transaction-based expenses shows an upward trend with a 29.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates growing adoption of compliance software and improved operational efficiency within the regulatory technology business unit. A decrease may suggest pricing pressure, loss of market share in compliance solutions, or higher costs associated with delivering these specialized services.
This metric represents the net revenue generated from regulatory technology solutions after deducting direct costs assoc...
Comparable to net software revenue or subscription-based service revenue reported by financial technology and regtech peers, excluding pass-through transaction fees.
ndaq_segment_regulatory_technology_revenues_less_transaction_based_expenses| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $127.00M | $130.00M | $212.00M |
| YoY Change | — | +2.4% | +63.1% |