DALLAS – Nasdaq, the global technology company known for its stock exchange, announced today that it will open a new regional headquarters in Dallas, Texas. With a market capitalization of $42.88 billion and impressive revenue growth of 22% over the last twelve months, this move underscores Nasdaq’s commitment to the Texas and Southeast U.S. market, an area where it currently generates over $750 million in revenues and collaborates with more than 2,000 clients. According to InvestingPro analysis, the company currently appears overvalued based on its Fair Value metrics.
The Dallas headquarters will act as a central hub for Nasdaq’s clients and the local community, focusing on celebrating the region’s leaders, entrepreneurs, and innovators. Texas is home to over 200 companies listed on Nasdaq, which together boast a market capitalization of $1.98 trillion as of December 2024. InvestingPro data reveals that Nasdaq has maintained dividend payments for 14 consecutive years, with a current dividend yield of 1.29% and recent dividend growth of 9.09%.
Adena Friedman, Chair and CEO of Nasdaq, emphasized the company’s integration into the Texas economy and its aim to be the preferred partner for the state’s most innovative companies. With 8 analysts recently revising earnings upward and a consensus recommendation trending positive, Nasdaq’s advocacy for its clients includes addressing public market complexities and regulatory challenges, such as the SEC’s proposed climate and cyber disclosure rules, and reforms related to proxy advisory, AI regulation, PCAOB, and emerging growth company timelines. For detailed insights and more exclusive tips, investors can access the comprehensive Pro Research Report available on InvestingPro.
In line with the state’s economic ethos, often referred to as the "Texas Miracle," Nasdaq’s efforts align with Governor Greg Abbott’s vision of innovation-led growth and smart regulation. Executive Vice Chairman of Nasdaq, Ed Knight, expressed shared values with Abbott’s principles and pledged continued advocacy for their clients’ interests.
The announcement also included plans for further investments in Texas, aimed at enhancing the financial ecosystem’s liquidity, transparency, and integrity. These investments are designed to support a wide range of clients in the region, including corporate issuers, financial institutions, asset managers, and owners.
Later today, an event will take place to honor Ross Perot Jr. with the inaugural Nasdaq Lifetime Achievement Award, recognizing his significant contributions to the Texas economy and his impact on innovation and community development.
This expansion by Nasdaq reflects its long-standing role in supporting clients through the complexities of the public markets and its commitment to fostering economic prosperity in Texas and beyond. With strong financial health metrics, including a gross profit margin of 62.82% and robust cash flow generation, the company continues to demonstrate solid operational performance. The information for this article is based on a press release statement and InvestingPro data, where investors can find additional insights and analysis.
In other recent news, Nasdaq Inc. has finalized new employment agreements with key executives, including CEO Adena T. Friedman, President Tal Cohen, and EVP Bradley J. Peterson, ensuring leadership stability until at least 2028. These contracts outline significant compensation packages, with Friedman’s agreement including an annual base salary of $1.4 million and potential bonuses up to 300% of her salary. Additionally, Nasdaq plans to introduce 24-hour trading on its equities exchange by the second half of 2026, pending regulatory approval, as part of an industry trend to meet global demand for U.S. stocks. The company also appointed Brandis DeSimone as Senior Vice President, Head of East Coast Listings, to strengthen client relations and support corporate growth. In financial maneuvers, Nasdaq launched cash tender offers to repurchase up to $200 million of its outstanding debt securities, aiming to manage its debt portfolio effectively. The tender offers are set to expire on March 11, 2025, unless extended or terminated. These developments reflect Nasdaq’s strategic initiatives to maintain leadership continuity, expand trading capabilities, and optimize financial operations.
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