CME Group Inc. Reports Second-Quarter 2022 Financial Results

About this update from Cme Group Inc.

[{"type":"text","content":"CHICAGO, July 27, 2022 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today reported financial results for the second quarter of 2022.\nThe company reported revenue of $1.2 billion and operating income of $750 million for the second quarter of 2022. Net income was $663 million and diluted earnings per share were $1.82. On an adjusted basis, net income was $717 million and diluted earnings per share were $1.97. Financial results presented on an adjusted basis for the second quarter of 2022 and 2021 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1\n\"As global market participants continued to navigate extraordinary economic and geopolitical uncertainties throughout the second quarter, demand for CME Group hedging tools drove our strong earnings and revenue growth, with our equity index, interest rate, foreign exchange and options volumes rising in the U.S. and internationally,\" said CME Group Chairman and Chief Executive Officer Terry Duffy. \"We reached our third highest quarterly average daily volume on record in Q2, and, in particular, our SOFR futures and options contracts reached new records in both volume and open interest, driven by the industry's accelerating transition away from USD LIBOR. Additionally, market users increasingly turned to our micro and E-mini contracts to customize their trading strategies. Moving forward, we will remain focused on providing our clients with the tools they need to manage risk amid central bank tightening, historic inflation and other challenging market conditions.\"\nSecond-quarter 2022 average daily volume (ADV) was 23.1 million contracts, including non-U.S. ADV of 6.3 million contracts, led by 40% growth in Latin America, 36% in Asia and 15% in EMEA.\n1.\nA reconciliation of the non-GAAP financial results mentioned to the respective GAAP figures can be found within the Reconciliation of GAAP to non-GAAP Measures chart at the end of the financial statements and earnings presentation materials.\nClearing and transaction fees revenue for second-quarter 2022 totaled $1.0 billion. The total average rate per contract was $0.647. Market data revenue totaled $152 million for second-quarter 2022.\nAs of June 30, 2022, the company had approximately $2.0 billion in cash (including $100 million deposited with Fixed Income Clearing Corporation (FICC) and included ...

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