CME

MKT CAP:$104B

CME Group Inc.

Market Cap

$104B

Financial Services·Financial - Data & Stock Exchanges·🇺🇸 United States·NASDAQ

Financials·Financial·🇺🇸·NASDAQ

Stock Price

$285.76+$16.08 (+5.96%)

Apr 24, 2026

Company Details

CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, foreign exchang...

CEO

Terrence A. Duffy

IPO Date

Dec 6, 2002

Website

www.cmegroup.com

Key Metrics TTM

Revenue

$6.6B

+10.8% YoY

Net Income

$3.9B

EPS (Diluted)

$10.69

Free Cash Flow

$4.0B

Revenue / Share

$18.13

Gross Margin

86.5%

Operating Margin

65.9%

Net Margin

59.1%

FCF Margin

61.0%

P/S

15.8x

P/E

26.7x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$1.9B+14.5%EPS $3.18

FY 2025

Feb 26, 2026

$6.5B+6.4%EPS $11.16

Q3 2025

Oct 24, 2025

$1.5B-3.0%EPS $2.49

Q1 2025

Apr 30, 2025

$1.6B+10.4%EPS $2.62

FY 2024

Feb 27, 2025

$6.1B+9.9%EPS $9.67

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 21	$1.1B	$911M	$614M
Q4 21	$1.1B	$946M	$632M
Q1 22	$1.3B	$1.2B	$859M
Q2 22	$1.2B	$1.1B	$750M
Q3 22	$1.2B	$1.0B	$739M
Q4 22	$1.2B	$1.0B	$668M
Q1 23	$1.4B	$1.2B	$914M
Q2 23	$1.4B	$1.2B	$839M
Q3 23	$1.3B	$1.1B	$820M
Q1 24	$1.5B	$1.3B	$960M
Q2 24	$1.5B	$1.3B	$1.0B
Q3 24	$1.6B	$1.4B	$1.0B
Q4 24	$1.5B	$1.3B	$947M
Q1 25	$1.6B	$1.4B	$1.1B
Q3 25	$1.5B	$1.3B	$973M
Q1 26	$1.9B	$1.7B	$1.3B

Valuation

Quarter	P/S	P/E
Q3 21	15.3x	29.2x
Q4 21	17.2x	30.7x
Q1 22	18.3x	31.6x
Q2 22	15.5x	25.7x
Q3 22	12.9x	23.9x
Q4 22	12.6x	23.4x
Q1 23	13.4x	23.9x
Q2 23	12.8x	22.4x
Q3 23	13.4x	23.6x
Q1 24	13.5x	23.3x
Q2 24	12.3x	21.5x
Q3 24	13.3x	23.3x
Q4 24	13.6x	23.6x
Q1 25	15.2x	26.3x
Q3 25	15.6x	26.8x
Q1 26	16.3x	27.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	$500M	$460M
Q3 21	$632M	$600M
Q4 21	$668M	$641M
Q1 22	$799M	$776M
Q2 22	$618M	$600M
Q3 22	$658M	$634M
Q4 22	$982M	$957M
Q1 23	$902M	$887M
Q2 23	$650M	$630M
Q3 23	$857M	$837M
Q1 24	$893M	$873M
Q2 24	$777M	$759M
Q3 24	$1.0B	$973M
Q4 24	$1.0B	$992M
Q1 25	$1.1B	$1.1B
Q3 25	$968M	$950M

Capital Expenditures

Quarter	CapEx
Q2 21	$40M
Q3 21	$32M
Q4 21	$27M
Q1 22	$23M
Q2 22	$18M
Q3 22	$24M
Q4 22	$24M
Q1 23	$15M
Q2 23	$21M
Q3 23	$20M
Q1 24	$20M
Q2 24	$18M
Q3 24	$30M
Q4 24	$26M
Q1 25	$14M
Q3 25	$18M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 21	+2.7%	-10.7%
Q4 21	+4.4%	-11.6%
Q1 22	+7.4%	-7.7%
Q2 22	+4.9%	-3.4%
Q3 22	+10.6%	-1.5%
Q4 22	+5.3%	+4.6%
Q1 23	+7.1%	+8.3%
Q2 23	+9.9%	+7.0%
Q3 23	+9.0%	+5.8%
Q1 24	+23.2%	-2.1%
Q2 24	+6.3%	+0.8%
Q3 24	+16.5%	+7.4%
Q4 24	+14.0%	+11.7%
Q1 25	+10.4%	+1.1%
Q3 25	+0.3%	+6.2%
Q1 26	+18.7%	+1.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$19M	1.6%
Q3 21	$16M	1.4%
Q4 21	$19M	1.6%
Q1 22	$20M	1.5%
Q2 22	$19M	1.6%
Q3 22	$19M	1.6%
Q4 22	$26M	2.1%
Q1 23	$20M	1.4%
Q2 23	$20M	1.4%
Q3 23	$19M	1.4%
Q1 24	$23M	1.6%
Q2 24	$19M	1.2%
Q3 24	$20M	1.3%
Q4 24	$27M	1.8%
Q1 25	$21M	1.3%
Q3 25	$24M	1.6%

OpEx Breakdown

Quarter	G&A
Q3 21	$45M
Q4 21	$32M
Q1 22	$32M
Q2 22	$32M
Q3 22	$35M
Q4 22	$39M
Q1 23	$38M
Q2 23	$38M
Q3 23	$32M
Q1 24	$33M
Q2 24	$35M
Q3 24	$31M
Q4 24	$34M
Q1 25	$29M
Q3 25	$37M
Q1 26	$28M

Revenue Segments

Quarter	Market Data	Other Revenue	clearing and transaction fees
Q3 21	$145M	$86M	$879M
Q4 21	$142M	$56M	$949M
Q1 22	$152M	$57M	$1.1B
Q2 22	$152M	$61M	$1.0B
Q3 22	$154M	$75M	$999M
Q4 22	$153M	$73M	$981M
Q1 23	$166M	$76M	$1.2B
Q2 23	$163M	$79M	$1.1B
Q3 23	$168M	$85M	$1.1B
Q1 24	$175M	$104M	$1.2B
Q2 24	$175M	$108M	$1.2B
Q3 24	$178M	$109M	$1.3B
Q4 24	$182M	$111M	$1.2B
Q1 25	$195M	$111M	$1.3B
Q3 25	$203M	$107M	$1.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$1.9B	$95M	$2.0B
Q3 22	$2.1B	$91M	$2.2B
Q4 22	$2.7B	$96M	$2.8B
Q1 23	$1.6B	$105M	$1.7B
Q2 23	$1.9B	$107M	$2.0B
Q3 23	$2.3B	$104M	$2.4B
Q4 23	$2.9B	$112M	$3.0B
Q1 24	$1.4B	$121M	$1.6B
Q2 24	$1.8B	$122M	$1.9B
Q3 24	$2.3B	$112M	$2.4B
Q4 24	$2.9B	$113M	$3.0B
Q1 25	$1.4B	$114M	$1.5B
Q2 25	$2.0B	$118M	$2.1B
Q3 25	$2.4B	$123M	$2.6B
Q4 25	$4.4B	$125M	$4.5B
Q1 26	$2.4B	$124M	$2.5B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 21	359M	+0.0%	+0.1%
Q4 21	359M	+0.0%	+0.1%
Q1 22	359M	+0.0%	+0.1%
Q2 22	359M	+0.0%	+0.1%
Q3 22	359M	+0.0%	+0.1%
Q4 22	359M	-0.0%	+0.0%
Q1 23	359M	+0.0%	+0.0%
Q2 23	359M	+0.0%	+0.1%
Q3 23	360M	+0.1%	+0.1%
Q1 24	360M	+0.1%	+0.2%
Q2 24	360M	+0.0%	+0.2%
Q3 24	360M	+0.0%	+0.2%
Q4 24	360M	+0.0%	+0.1%
Q1 25	360M	+0.0%	+0.1%
Q3 25	360M	+0.0%	+0.1%
Q1 26	363M	+0.8%	+0.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 21	$254.0K	4K
Q4 21	$329.7K	3K
Q1 22	$387.0K	3K
Q2 22	$355.5K	3K
Q3 22	$352.8K	3K
Q4 22	$349.1K	3K
Q1 23	$416.6K	3K
Q2 23	$393.1K	3K
Q3 23	$386.6K	3K
Q1 24	$417.4K	4K
Q2 24	$429.9K	4K
Q3 24	$444.4K	4K
Q4 24	$405.7K	4K
Q1 25	$436.8K	4K
Q3 25	$408.9K	4K
Q1 26	$485.2K	4K

Revenue / Employee