Cme Group Inc. · NASDAQ:CME
Cme — Investor Presentation (December 2025)
26 slides from Cme's investor presentation, December 2025
Slide 1: CME Group Overview
CME Group Overview December 2025 CME GROUP PUBLIC © 2025 CME Group. All rights reserved.
Slide 2: Disclaimer
Disclaimer Forward Looking Statements Statements in this document that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and res
Slide 3: Unique Assets Provide Competitive Advantages
CME Group’s broad set of Unique Assets Provide products are important risk Competitive Advantages World-class clearing, management tools for and risk management expertise… traders and end-users around the world, including Network fueled by: Interest Equity but not limited to: Rates Index Cash Foreig
Slide 4: Summary of Recent Performance
Summary of Recent Performance Average Daily Volume (ADV) by Asset Class Key Highlights YTD through Q3 2025 (Thousands) YTD through Q3 2025 Product Line ADV YoY Change Interest Rates 14,611 5% 6% Revenue growth year-over-year Equity Index 7,297 4% Energy 2,754 11% 70.2%1 Ag Commodities 1,876 11% Adju
Slide 5: Strong History of Volume and Net Income Growth
Strong History of Volume and Net Income Growth ● Average annual volume increased in 45 ADV Growth: 7% CAGR of the past 52 years (13% growth CAGR Adjusted Net Income Growth: 12% CAGR over this period) ADV YTD1 ● Long-term positive trends maintained ADV (Millions) Adjusted Net Income ($,Billions) (Mil
Slide 6: Investments in Globalization are Paying Off
Investments in Globalization are Paying Off ● We now have a sales presence in 11 1 countries, covering ~20,000 clients Non-US ADV worldwide Non-US ADV (Millions) Non-US ADV2 (Millions) ● London is our single largest sales center and 64% of front office sales staff are now located outside the U.S. (u
Slide 7: Known for New Product Innovation Driven by Customer Demand
Known for New Product Innovation Driven by Customer Demand New products launched over the last 5 years generated 2.4M ADV in 2024 and ~$308M in revenue Energy Micros Options Fixed Income Transition/ Granularity OTC Expansion Environmental More focused futures Alternatives1 Currently list The options
Slide 8: Retail Customer Growth Averaged Double Digits Over the Past Decade
Retail Customer Growth Averaged Double Digits Over the Past Decade and is Accelerating in Recent Years Retail Customers at CME Group (2014-2024) Retail Customers at CME Group (January-September) +16% +11% CAGR CAGR Recent Success Drivers: ● CME Group’s retail customer base has nearly tripled over th
Slide 9: CME Group Provides Unmatched Capital Efficiencies to Market Participants
CME Group Provides Unmatched Capital Efficiencies to Market Participants CME Group’s unique, broad based products across 6 major derivatives asset classes provide clients with average daily margin savings of approximately $75 billion Average Daily Breakdown of Total Average Product Sets Margin Savin
Slide 10: CME Group's Most Diverse Interest Rates Offering
CME Group’s Most Diverse Interest Rates Offering Creates Substantial Operational and Capital Efficiencies for Market Participants 2024 Interest Rates Revenue ● Trading opportunities across the yield curve from one $1.9 Billion week to 30 years, including a vibrant suite of options STIR Options - SOF
Slide 11: CME Securities Clearing (CMESC), a New Clearing House and Legal Entity
CME Securities Clearing (CMESC), a New Clearing House and Legal Entity 1 Securities Clearing allows CME Group to enter the securities space and innovate beyond futures, options and swaps and will be regulated by the Securities & Exchange Commission (SEC) CMESC, expected to launch in 2Q26, will… Init
Slide 12: Total Physical Commodities Products Make Up an Increasingly Meaningful Part of the Business
For YTD 2025 through 3Q, total Total Physical Commodities Products Make Up physical commodities ADV an Increasingly Meaningful Part of the Business represented 19% of total futures and options ADV, and 34% of clearing and Total Commodities Revenue (Millions) transaction fee revenue +7% $1,342 The wo
Slide 13: Data Components of our Business Reinforce Transaction Revenue
Data Components of our Business Reinforce Transaction Revenue Part of Total Revenue Other Below The Line Income Market Data Revenue (Millions) S&P DJI Non-Operating Income1 ● OSTTRA JV with IHS Markit3 (had been a part of S&P Global) (Millions)2 (50% of earnings) - totaled 7% CAGR 13% CAGR - ~$89M i
Slide 14: Google Cloud Strategic Partnership
Google Cloud Strategic Partnership In November 2021, CME Group announced a long-term strategic partnership with Google to accelerate our move to the cloud and to transform how global derivatives markets operate with technology CME Group and Google will jointly focus on co-innovation as we seek to de
Slide 15: 2024 CME Group Adjusted Income Statement Summary
2024 CME Group Adjusted Income Statement Summary1 Strong operating model and cost discipline Note 1. See last paragraph on Disclaimer slide for discussion around non-GAAP (adjusted) measures and latest reconciliation of GAAP to non-GAAP measures at the end of this presentation CME GROUP PUBLIC © 202
Slide 16: Capital Return Policy Now Includes Opportunistic Share Repurchases
Capital Return Policy Now Includes Opportunistic Share Repurchases New Capital Return Framework Capital Return History ● Intend to continue to pay a Regular Dividend regular quarterly dividend to our = Annual variable dividend Dividend Declarations (Millions) shareholders, with a target of = Regular
Slide 17: CME Group - Compelling Investment
CME Group - Compelling Investment Marketplace Position + Growth Orientation = Compelling • Unmatched product diversity, • Working collaboratively with diverse Investment including futures, options on futures, market participants to drive product • Long-term volume and cash markets across wide array
Slide 18: CME Group
«CME Group
Slide 19: Multiple Levers Play Into Pricing Philosophy - Focus on Total Cost to Trade
Multiple Levers Play Into Pricing Philosophy - Focus on Total Cost to Trade ● CME Group’s pricing philosophy seeks to avoid For 2025, based upon similar patterns from 2024 decreasing the amount of volume and liquidity coming across our platform. As a network-based Futures & Options Collateral Fees M
Slide 20: 25 Lowest Trading Days Since 2015
25 Lowest Trading Days CME Group’s average daily volume across the lowest Since 2015 25 trading days each year could be looked at as a Volume expressed in millions proxy for a level of recurring business over time and it has continued to grow steadily % CAGR 25: 8.4 20 15-20 Note: Graph depicts aver
Slide 21: Dispersion of Opinions in Forward Fed Rate Expectations and Volumes
Historically, Dispersion of Opinions in Forward Fed Rate Expectations Has Generally Led to Higher Interest Rates Futures & Options Volumes - “Fed Rate Expectations” are defined as the set of possible Fed Fund Effective Rates according to the FedWatch implied probability methodology over the next 12
Slide 22: Increased export capacity and demand for US natural gas is a tailwind for CME
Increased export capacity and demand for US natural gas is a tailwind for CME Group’s energy volume, as Henry Hub gains international relevancy ● North America's LNG export capacity is projected to over double by 2029, driven by new U.S. Gulf Coast projects ○ The U.S., already the largest LNG export
Slide 23: OTC Alternative Product Suite Brings Traditional OTC Functionality to CME Group
OTC Alternative Product Suite Brings Traditional OTC Functionality to CME Group Market Participants Annual ADV(Thousands) Equity Index ● These OTC alternative products meet customer’s needs under enhanced capital requirements while benefiting from the capital efficiency afforded by our Equity Index
Slide 24: 2024 Options ADV Increased 7% From the Record 2023 Level
2024 Options ADV Increased 7% From the Record 2023 Level Options ADV1 ● Customers trading options are often hedging those options with our underlying futures, bringing additional ADV (Millions) % Electronic volume to CME Group 5.5 ● CME Direct (our proprietary front-end with ~12,500 users) primarily
Slide 25: Reconciliation of Adjusted Operating Income
Reconciliation of Adjusted Operating Income CME GROUP PUBLIC © 2025 CME Group. All rights reserved. 25
Slide 26: Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings per Common Share
Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings per Common Share CME GROUP PUBLIC © 2025 CME Group. All rights reserved. 26