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CME GROUP (CME)

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Earnings summaries and quarterly performance for CME GROUP.

Research analysts who have asked questions during CME GROUP earnings calls.

Brian Bedell

Brian Bedell

Deutsche Bank

9 questions for CME

Also covers: AMG, AMTD, APO +23 more
Michael Cyprys

Michael Cyprys

Morgan Stanley

9 questions for CME

Also covers: AAMI, AMP, AMTD +30 more
Craig Siegenthaler

Craig Siegenthaler

Bank of America

8 questions for CME

Also covers: AB, AMP, AMTD +26 more
PM

Patrick Moley

Piper Sandler & Co.

8 questions for CME

Also covers: BGC, CBOE, COIN +17 more
DF

Dan Fannon

Jefferies & Company Inc.

6 questions for CME

Also covers: AB, AMG, AMTD +25 more
KW

Kenneth Worthington

JPMorgan Chase & Co.

6 questions for CME

Also covers: APO, ARES, BAM +27 more
Kyle Voigt

Kyle Voigt

Keefe, Bruyette & Woods

6 questions for CME

Also covers: AMTD, APO, ARES +17 more
AK

Alex Kramm

UBS Group AG

5 questions for CME

Also covers: BR, CBOE, CBRE +15 more
Benjamin Budish

Benjamin Budish

Barclays PLC

5 questions for CME

Also covers: AB, APO, ARES +24 more
CA

Christopher Allen

Citigroup

5 questions for CME

Also covers: CBOE, ETOR, HOOD +9 more
SC

Simon Clinch

Redburn Atlantic

5 questions for CME

Also covers: EFX, FICO, ICE +4 more
Ben Budish

Ben Budish

Barclays PLC

4 questions for CME

Also covers: AB, APO, ARES +23 more
WK

William Katz

TD Cowen

4 questions for CME

Also covers: AB, AMG, AMTD +25 more
Alexander Blostein

Alexander Blostein

Goldman Sachs

3 questions for CME

Also covers: AB, AMG, AMP +31 more
Ashish Sabadra

Ashish Sabadra

RBC Capital Markets

3 questions for CME

Also covers: ADP, CBOE, CLVT +20 more
DF

Daniel Fannon

Jefferies Financial Group Inc.

3 questions for CME

Also covers: AB, AMG, AMTD +27 more
KS

Kwun Sum Lau

Oppenheimer

3 questions for CME

Also covers: CBOE, CLVT, COIN +9 more
Anthony Valentini

Anthony Valentini

Goldman Sachs

2 questions for CME

Also covers: AVAV, BETA, CAE +4 more
BK

Bill Katz

TD Securities

2 questions for CME

Also covers: AB, AMTD, ARES +12 more
Chris Allen

Chris Allen

Citi

2 questions for CME

Also covers: MKTX, VIRT
EA

Eli Abboud

Bank of America

2 questions for CME

Also covers: BGC, CBOE, MKTX +2 more
KW

Ken Worthington

JPMorgan

2 questions for CME

Also covers: ARES, BLK, BLSH +10 more
OL

Owen Lau

Oppenheimer & Co. Inc.

2 questions for CME

Also covers: BLSH, CLVT, COIN +9 more
WC

Will Chi

RBC Capital Markets

2 questions for CME

Also covers: PAYX
William Qi

William Qi

RBC Capital Markets

2 questions for CME

Also covers: CLVT
KV

Kyle Voit

KBW

1 question for CME

SA

Simon Alistair Clinch

Redburn Atlantic

1 question for CME

Also covers: EFX, FICO, ICE +3 more

Recent press releases and 8-K filings for CME.

CME Group reports Q4 2025 results
CME
Earnings
Guidance Update
Share Buyback
  • Record trading volumes in 2025, with average daily volume up 6% to 2,128.1 million contracts, marking the fifth consecutive annual record across all asset classes.
  • 2025 financial highlights: revenue of $6.5 billion (+6% YoY); adjusted net income of $4.1 billion; Q4 revenue of $1.65 billion (+8% YoY); Q4 adjusted EPS of $1.0277 (+10% YoY).
  • Strategic product launches drove growth: over 68 million Event Contracts traded in first 6 weeks; Micro products reached a Q4 record 4.4 million contracts/day (+59%); crypto ADV of 379,000 contracts (+92%, $13 billion notional), with new silver and crypto futures and 24/7 crypto trading planned.
  • 2026 guidance: adjusted operating expenses (ex-license fees) of $1.695 billion; capital expenditures of $85 million; adjusted effective tax rate of 23.5%–24.5%; fee adjustments to lift revenues by 1%–1.5% on similar activity.
  • Capital returns: cash balance of $4.6 billion (incl. $1.3 billion OSTTRA proceeds); share repurchases of $256 million in Q4 and $276 million YTD; Q4 dividends of $455 million (–2025 total $3.9 billion).
2 days ago
CME Group reports Q4 2025 results and 2026 guidance
CME
Earnings
Guidance Update
Product Launch
  • Achieved 5th consecutive year of record volume, with average daily volume up 6% to 2,128.1M contracts and record international volume of 8.4M contracts/day.
  • Posted 2025 revenue of $6.5B (+6%), adjusted net income of $4.1B (adj EPS +9%), Q4 revenue of $1.65B (+8%) and adj diluted EPS $1.0277 (+10%); guided 2026 adj opex (ex-license) to $1.695B, capex $85M, and tax rate 23.5%-24.5%.
  • Expanded retail offerings: launched event contracts (68M traded in 6 weeks), grew microproducts 59% to 4.4M contracts/day, and to launch a 100-oz silver contract following 1-oz gold’s 66K/day volume.
  • Cryptocurrencies saw Q4 avg daily volume of 379K (+92%), $13B notional/day; launching Cardano, Chainlink, and Stellar futures on Feb 9 and 24/7 crypto trading next quarter.
  • Ended Q4 with $4.6B cash, repurchased $256M in Q4 (plus $276M in early 2026) and paid $455M in Q4 dividends ($3.9B in 2025).
2 days ago
CME Group reports Q4 2025 earnings and 2026 guidance
CME
Earnings
Guidance Update
Share Buyback
  • CME Group delivered record 2025 results with revenues of $6.5 billion (+6%), adjusted net income of $4.1 billion (9% EPS growth), and Q4 revenues of $1.65 billion (+8%) with Q4 adjusted EPS of $1.0277 (+10%).
  • Achieved record volumes in 2025 with average daily volume of 2,128.1 million contracts (+6%), and provided customers with average daily margin offsets of $80 billion, up $20 billion year-over-year.
  • Received SEC approval for CME Securities Clearing, set to launch in 2026, and expanded product suite with event contracts, 24/7 crypto trading, and a new 100-ounce silver contract, boosting retail engagement.
  • Executed $256 million in share repurchases in Q4 and $276 million in early 2026; paid $455 million in Q4 dividends and $3.9 billion in dividends for full year 2025.
  • Provided 2026 guidance targeting $1.695 billion in adjusted operating expenses, $85 million in capital expenditures, and an effective tax rate of 23.5%–24.5% to support growth initiatives.
2 days ago
CME Group announces Q4 and full-year 2025 record financial results
CME
Earnings
Dividends
  • Q4 2025 revenue of $1.65 billion, operating income of $1.02 billion, net income of $1.18 billion and diluted EPS of $3.24.
  • Full‐year 2025 revenue of $6.52 billion, operating income of $4.23 billion, net income of $4.07 billion and diluted EPS of $11.16.
  • Record annual market data revenue of $803 million, up 13% year-over-year.
  • Record average daily volume of 28.1 million contracts in 2025, including 12% growth in commodities and 5% in financials.
  • Paid $3.9 billion in dividends in 2025; $30 billion returned to shareholders since 2012.
3 days ago
CME Group reports record annual revenue and earnings for 2025
CME
Earnings
  • Record annual revenue of $6.5 billion, up 6%, with market data revenue of $803 million, up 13%
  • Full-year operating income of $4.2 billion, net income of $4.1 billion, and diluted EPS of $11.16 (adjusted $11.20)
  • Fourth-quarter revenue of $1.6 billion, operating income of $1.0 billion, net income of $1.2 billion, and diluted EPS of $3.24 (adjusted $2.77)
  • Record Q4 average daily volume of 27.4 million contracts, up 7%, alongside plans to expand U.S. Treasury clearing, 24/7 cryptocurrency trading and prediction markets
3 days ago
CME Group sets record January volume
CME
  • CME Group reported a record January ADV of 29.6 million contracts, up 15% year-over-year.
  • Interest Rate ADV led at 13.9 million contracts (+18%), with Equity Index at 7.3 million (+4%) and Energy at 3.6 million (+11%).
  • Metals ADV jumped 218% to 2.2 million contracts, driven by record Micro Silver (438 k), Micro Copper (48 k) and 1-Ounce Gold (115 k) ADV.
  • International ADV increased 19% to 9.2 million contracts—EMEA up 18% to 6.7 million and APAC up 25% to 2.2 million.
  • Cryptocurrency ADV more than doubled (+106%) to 408 000 contracts (USD 10.8 billion notional).
4 days ago
CME Group posts new metals futures record
CME
Product Launch
  • CME Group’s metals complex set a new single-day trading record of 3,338,528 contracts on January 26, 2026, up 18% from the prior high of 2,829,666 contracts on October 17, 2025.
  • Micro Silver futures led the session with a record 715,111 contracts traded and 35,702 contracts in open interest, while Silver, Micro Gold and 1-Ounce Gold futures each ranked among the top five trading days for the metals complex.
  • CME Group will launch 100-Ounce Silver futures on February 9, 2026, pending regulatory approval to meet increasing retail demand.
Jan 27, 2026, 4:15 PM
CME Group to launch Cardano, Chainlink and Stellar futures
CME
Product Launch
  • CME Group will introduce futures contracts for Cardano (ADA), Chainlink (LINK) and Stellar (Lumens) on February 9, pending regulatory approval, with both standard and micro-sized contracts (e.g., 100,000 ADA and 10,000 ADA for ADA futures).
  • The new listings expand CME’s crypto derivatives suite—already including Bitcoin, Ether, XRP and Solana—after the company achieved record 2025 ADV of 278,300 contracts ($12 billion notional) and average open interest of 313,900 contracts ($26.4 billion notional).
Jan 15, 2026, 1:45 PM
CME Group launches 100-Ounce Silver futures contract
CME
Product Launch
  • CME Group will launch a 100-Ounce Silver futures contract on February 9, 2026, pending regulatory approval
  • The move responds to record retail demand in 2025—Micro Gold futures averaged 301K contracts/day and Micro Silver futures averaged 48K contracts/day
  • The new contract, listed on COMEX, will be financially settled to the daily settlement price of the global benchmark silver futures, offering lower-capital access for traders
Jan 13, 2026, 2:00 PM
CME Group revamps precious-metals margin calculations
CME
  • CME Group will shift margin calculations for gold, silver, platinum, and palladium futures from fixed dollar amounts to a percentage of notional value, effective after the close on Jan. 13, 2026, to better align collateral with market moves.
  • The change comes after extreme volatility in precious metals, with gold up ~65% in 2025 and briefly topping $4,600, silver +170%, platinum +150% and palladium +95% as of Jan. 6, 2026.
  • This adjustment aims to reduce frequent manual margin resets and enhance risk management amid record highs and dramatic price swings.
  • CME Group’s robust financial profile (operating margin ~64.98%, net margin ~58.84%, debt-to-equity ~0.12 and market cap ~$95.55 billion) supports its capacity to implement these risk-setting enhancements.
Jan 13, 2026, 2:42 AM