This excerpt taken from the NDAQ 8-K filed Oct 19, 2006.
OPERATING INCOME UP 116.9 PERCENT FROM PRIOR YEAR
New York, N.Y.The Nasdaq Stock Market, Inc. (NASDAQ®; Nasdaq: NDAQ), today reported third quarter 2006 net income of $30.2 million, or $0.22 per diluted share, an increase of 69.7% from $17.8 million, or $0.16 per diluted share, in the third quarter of 2005, and 81.9% from $16.6 million, or $0.13 per diluted share, in the second quarter of 2006.
Gross margin, representing total revenues less cost of revenues, was $171.2 million in the third quarter of 2006, an increase of 31.1% from $130.6 million in the year-ago period, and up marginally from $171.1 million reported in the second quarter of 2006.
NASDAQs Chief Executive Officer, Robert Greifeld commented, Third quarter operating income grew an impressive 116.9% through the continued execution of our strategic plan. Weve been able to improve profitability through successful acquisitions and gains in market share, while maintaining our expense control discipline. Significant gains in our share of trading in NYSE-listed stocks have been achieved, with our matched market sharing growing to 12.1% in the quarter, up from 4.7% in the year-ago quarter. We are on track to reach our 2006 objectives through continued innovation and consistent execution.