Nasdaq exceeded profit estimates in Q1 due to market volatility and strong product demand.

From Yahoo Finance: 2025-04-24 07:14:00

Nasdaq exceeded profit expectations in Q1, driven by higher market volatility and fintech demand. U.S. equity options volumes surged to 935 million contracts. Revenue from financial technology and solutions businesses rose 10% and 9% respectively. CEO Adena Friedman cited short-term volatility impact on global GDP growth expectations. Net revenue reached $1.24 billion, beating analysts’ expectations. Adjusted net profit was $456 million, or 79 cents per share, exceeding the expected 77 cents.

Read more: Nasdaq beats Q1 profit estimates on market volatility, strong product demand