morning, everyone. for And Thank joining Ato. Thank you you, good us.
as highlights the cross-sell outlook call our financial I quarter our results. environment. our from Sarah innovation remarks and on and the well on synergies. of with environment following I'll our including review outlook areas: progress for start operational then economic will external current cover as the turn financial Today, efforts to key updates our over performance, first will on my a and milestones
including economic labor that spending The in data, benefits from consumer trends. U.S. as Recent risks adoption resilience a despite performance performing strength, well productivity outpace the higher remains economy other has and other U.S. cost suggests heightened sustained projected resilient U.S. the of growth sector-specific generally future force This reflecting markets potential and the that capital. strength well, of are economy the that derive economies. AI U.S. and as generative advanced geopolitical to
to economists a expect U.S. continue As soft in such, the lending
manufacturing Europe. Although shows in other seeing data and are improvement recent growth, services, economies particularly in slower advanced
and for has trended begin markets, over in persistence Global globally. last some for sharply moderates the to show decline year inflation year, rates a it Markets which signs new corporates of most estate positive the as including be still expecting although lower are this will homebuyers. to major is later sector, to real starting it
the of of strength with XX -- IPOs market uptick $X the X the highlighted the U.S. billion. quarter, In by markets, experience in to we've company IPO markets in With an activity. in operating the first IPOs, caps years, in excess begun welcomed X most
the an improvement recent most indicators X capital in months. we Additionally, seeing our Nasdaq leading activity Pulse equity over continue to of public we're improve, in Index, raising IPO coming suggesting X future referenced U.S. environment IPO as of out the
strong enter companies be economic lines a healthy their upon at public dependent year time pipeline of the will As preparing to towards we performance. But Nasdaq, look remainder the continued see exciting the markets. and of market we
key the client transformation Nasdaq's cycles, the environment, platform markets, to at evidenced to megatrends, aligned on today. resilience of for towards the that in look through modernization capitalize uniquely business our our well services Solutions is we'll by and with sustainable economic diversified are our continue management, increasing landscape, our which positioned cover strong, closer business succeed attractive We've as we quarter business financial the call and revenues. against to we growth risk a of where investment in growth industry-shaping on drive investment throughout capitalize our sustainability through opportunities sustained Taking positioned first double-digit performance solid demand,
recently on common Before to offering Nasdaq completed results, we move financial of our Dubai's mention stock. secondary Borse to want I
of sold Borse outstanding. X% shares representing their of approximately stake Specifically, a position Dubai Nasdaq's total
transaction secondary oversubscribed an strong closed XX in investor demand priced March on and transaction. resulting with on March The XX,
Following the hold Nasdaq's outstanding. to over total of continues just XX% transaction, Borse shares Dubai
Additionally, will Essa the Board of Kazim, Borse as of continue valued member Chairman Dubai, Directors. of a Nasdaq's
partner is will spanning many to provider their to Borse forward insights and to our path We brand Nasdaq their with continue multifaceted, as have contributions shareholder Dubai be to a relationship continued Dubai. Borse ahead. of technology Our as and shape years, support a and trusted Nasdaq, look and continues
businesses pleased we Turning Nasdaq's in to quarter revenues. first the double-digit for to $X.X first strong now In XXXX of our financial achieved Solutions performance the growth quarter, financial share solid with results. I'm forma pro prior X% our basis. revenue quarter delivered XX% the billion forma the across in of year net pro revenues, compared a on Solutions during growth quarter. an to increase We
strong had quarter. across performance Index to business our Technology a our in addition Financial division, the stellar performance In
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illustrates value shareholders Our our against delivering our growth operating the our solid vision, dynamic quarter environment. XXXX continued amid to to performance clients ability of in strategic first and execute and a
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core represents a the contributed to momentum that business will year-over-year This revenue XX% quarter describe. item in delivering XX% Sarah growth, well which as growth our onetime Index as
innovative also Invesco of within than index. ETF, access XXth providing the of This the the representing marked anniversary of with quarter more Nasdaq-XXX world's most investors QQQ some our X companies to decades
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the billion to Nasdaq $X X market addition, including their value quarter, in listings representing during switched In SAIC. companies,
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cross-sell the growing pleased of opportunities and we pipeline. addition, have In cross-sell with multiple our we're campaigns share within underway,
our cross-sell showing we're $XXX early such, As progress XXXX towards million-plus target.
a Services, navigating resulting quarter particularly U.S. Market to market as these from retail share from complex the NDX, business share. revenue. with U.S. decline year market multi-listed U.S. volatility quarter, which lower and continued products, to proprietary operator included in in gain activity volume notably where backdrop, had banking the to options equity maintained due lower-revenue new in turbulence #X as The against prior we're strength our over a X% lower-volatility index U.S. system strong to compared increased well the we're first comp, Moving quarter record in and competition experiencing Despite options profile. in And headwinds, XXXX options lead revenues, shifts options. entrants Nasdaq its the a
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investors. to derivatives type the overall our equities, were M-ELO we and products. income our AI-powered add new continues where for Dynamic and to across first greater liquidity market As previously, we've share In value strong continue clients our maintain SEC-approved create to to efficiency discussed capture fill we our through as is and improve order data trading designed rates challenged, be fixed able to analytics and markets Europe,
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line delivered what another Investor to Nasdaq's that the Day. results To quarter environment, were solid including continued we within In provided volatility. in market we're in a we market of well lower outlook a tougher medium-term at with and wrap muted pleased environment can businesses, IPO core up, we control deliver
as our Technology, strong and exceptional Across and well continue our and growth, expectations. Verafin including as in performance. Index with double-digit Calypso Within Solutions progress recent delivered we Technology businesses, AxiomSL of Financial remain Financial results line revenue to acquisitions well
and for to exceptional told, durability across line the All maintain our business With of model uncertain deliver performance with our our our growth expense ability continued company. our performance, environments. discipline, margin profile combined the top we underscores
the financial review call now turn the will details. to I to Sarah over that, With
