Patrick Molloy
Analyst, Piper Sandler & Co.
Replay available
CME Group Inc. (NASDAQ: CME) Q4 2025 earnings conference call, held 2026-02-04. Replay captured from the company's public earnings webcast.

Analyst, Piper Sandler & Co.
Executive Vice President and Chief Financial Officer
Analyst, Barplace
Chairman and Chief Executive Officer
Analyst, RBC Capital Markets
Chief Technology Officer
President and Chief Operating Officer
Head of Investor Relations
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WEBVTT 00:00:01.887 -- 00:00:06.853 Welcome to the CME Group fourth quarter 2025 earnings call. 00:00:06.853 -- 00:00:10.758 At this time, I would like to inform all participants that your lines have been placed 00:00:10.758 -- 00:00:15.945 on a listen-only mode until the question and answer session of today's call. 00:00:15.945 -- 00:00:18.548 I would now like to turn the call over to Adam Minnick. 00:00:18.548 -- 00:00:21.009 Please go ahead. 00:00:21.232 -- 00:00:23.615 Good morning, and I hope you're all doing well today. 00:00:23.615 -- 00:00:28.080 We released our earnings commentary earlier this morning, which provides extensive details 00:00:28.080 -- 00:00:31.756 on the fourth quarter and full year results for 2025. 00:00:31.756 -- 00:00:35.660 I will start with the Safe Harbor language, then I'll turn it over to Terry. 00:00:35.660 -- 00:00:39.624 Statements made on this call and in the other reference documents on our website that 00:00:39.624 -- 00:00:42.828 are not historical facts are forward-looking statements. 00:00:42.828 -- 00:00:45.691 These statements are not guarantees of future performance. 00:00:45.691 -- 00:00:49.995 They involve risks, uncertainties, and assumptions that are difficult to predict. 00:00:49.995 -- 00:00:54.160 Therefore, actual outcomes and results may differ materially from what is expressed or 00:00:54.160 -- 00:00:58.840 implied in any statement. Detailed information about factors that may affect our performance 00:00:58.840 -- 00:01:02.625 can be found in the filings with the SEC, which are on our website. 00:01:02.625 -- 00:01:06.409 Lastly, in the earnings release, you will see a reconciliation between GAAP and non-GAAP 00:01:06.409 -- 00:01:08.792 measures following the financial statements. 00:01:08.792 -- 00:01:11.415 ...