Nasdaq's Information Services Leads Growth Drivers in 2Q
Narrow-moat Nasdaq's second quarter saw few surprises. GAAP net revenue grew 2.2% from the previous year to $615 million. Excluding revenue from divestitures, the company produced organic revenue growth of 7% driving year-over-year adjusted EPS growth of 16.8%. During the quarter, the company benefited from greater trading volumes that lower market share partially offset. Though Nasdaq's market services chipped in organic revenue growth of 6.8% from the previous year, the company's biggest contr...Nasdaq is a holding company. Nasdaq is a holding company. Through its subsidiaries, the company manages, operates and provides its products and services in business segments: Market Services, which includes equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing and trade management services businesses; Corporate Services, which includes listing services and corporate solutions businesses; Information Services, which includes market data, index, and investment data and analytics; and Market Technology, which provides and delivers solutions across the trade lifecycle via the Nasdaq Financial Framework.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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