Q324 | Q424 | Q125 | Q225 | Q325 | Q425 | Q126 | Q226 | Q326 | |
Revenues: | |||||||||
Clearing and transaction fees | 1,297.1 | 1,232.3 | 1,337.3 | 1,388.0 | 1,227.9 | 1,327.9 | 1,542.6 | 1,352.5 | 1,378.1 |
Market data and information services | 178.2 | 181.6 | 194.5 | 198.1 | 202.5 | 208.0 | 224.1 | 238.1 | 243.1 |
Other Revenue | 109.1 | 111.4 | 110.5 | 105.9 | 107.2 | 112.8 | 113.4 | 115.6 | 116.1 |
Total revenues | 1,584.4 | 1,525.3 | 1,642.3 | 1,692.0 | 1,537.6 | 1,648.7 | 1,880.1 | 1,706.2 | 1,737.3 |
Expenses: | |||||||||
Compensation and benefits | 218.8 | 220.8 | 206.7 | 221.6 | 237.6 | 241.1 | 223.0 | 233.5 | 234.3 |
Technology | 66.6 | 65.7 | 65.7 | 70.9 | 71.4 | 75.2 | 76.6 | 83.3 | 80.9 |
Professional fees and outside services | 31.0 | 33.9 | 28.5 | 37.4 | 36.7 | 47.9 | 28.2 | 29.1 | 31.1 |
Amortization of purchased intangibles | 55.7 | 55.3 | 55.2 | 56.1 | 56.2 | 55.9 | 56.1 | 56.0 | 56.0 |
Depreciation and amortization | 28.2 | 28.1 | 27.3 | 27.3 | 26.4 | 26.5 | 27.2 | 28.2 | 27.4 |
Licensing and other fee agreements | 97.6 | 84.0 | 96.6 | 96.2 | 81.6 | 96.6 | 106.8 | 109.1 | 104.2 |
Other expense | 62.3 | 90.4 | 54.3 | 53.2 | 55.1 | 85.9 | 52.5 | 59.9 | 62.0 |
Operating expenses | 560.2 | 578.2 | 534.3 | 562.7 | 565.0 | 629.1 | 570.4 | 599.1 | 595.9 |
Operating Income | 1,024.2 | 947.1 | 1,108.0 | 1,129.3 | 972.6 | 1,019.6 | 1,309.7 | 1,107.1 | 1,141.4 |
Operating Margin | 65% | 62% | 67% | 67% | 63% | 62% | 70% | 65% | 66% |
Non-operating Income and Expense | |||||||||
Investment income | 1,026.8 | 936.5 | 892.7 | 1,518.4 | 1,548.7 | 1,776.7 | 1,389.3 | 1,429.7 | 1,418.1 |
Interest and other borrowing costs | (40.2) | (40.7) | (41.7) | (44.0) | (44.0) | (43.7) | (43.6) | (43.6) | (43.5) |
Equity in net gains (losses) of unconsolidated subsidiaries | 86.1 | 91.2 | 88.2 | 99.0 | 96.3 | 88.2 | 102.4 | 97.7 | 102.8 |
Other non-operating income (expense) | (920.0) | (837.5) | (802.4) | (1,372.4) | (1,396.6) | (1,262.4) | (1,246.9) | (1,263.2) | (1,264.0) |
Non-operating income (expense) | 152.7 | 149.5 | 136.8 | 201.0 | 204.4 | 558.8 | 201.2 | 220.6 | 213.4 |
Income before income taxes | 1,176.9 | 1,096.6 | 1,244.8 | 1,330.3 | 1,177.0 | 1,578.4 | 1,510.9 | 1,327.7 | 1,354.8 |
Income taxes | 264.1 | 222.0 | 288.6 | 305.2 | 269.0 | 395.5 | 356.6 | 285.9 | 317.9 |
Net income | 912.8 | 874.6 | 956.2 | 1,025.1 | 908.0 | 1,182.9 | 1,154.3 | 1,041.8 | 1,036.9 |
Less: net income (loss) attributable to NCI | - | - | - | - | - | - | - | - | - |
Net Income Attributable to CME Group | 912.8 | 874.6 | 956.2 | 1,025.1 | 908.0 | 1,182.9 | 1,154.3 | 1,041.8 | 1,036.9 |
Net Income Attributable to Common Shareholders of CME Group - Basic(1) | 901.3 | 863.7 | 944.2 | 1,012.2 | 896.6 | 1,168.0 | 1,168.0 | 1,041.8 | 1,036.9 |
Net Income Attributable to Common Shareholders of CME Group - Diluted(1) | 901.3 | 863.7 | 944.2 | 1,012.2 | 896.6 | 1,168.0 | 1,154.3 | 1,041.8 | 1,036.9 |
Effective Tax Rate | 22.4% | 20.2% | 23.2% | 22.9% | 22.9% | 25.1% | 23.6% | 21.5% | 23.5% |
Earnings per Share Attributable to Common Shareholders of CME Group: | |||||||||
Basic EPS | 2.51 | 2.40 | 2.63 | 2.81 | 2.49 | 3.25 | 3.25 | 2.89 | 2.90 |
Diluted EPS | 2.50 | 2.40 | 2.62 | 2.81 | 2.49 | 3.24 | 3.18 | 2.88 | 2.89 |
Weighted average number of common stock shares: | |||||||||
Basic Shares | 359,400 | 359,568 | 359,613 | 359,658 | 359,686 | 359,633 | 359,318 | 360,684 | 358,019 |
Diluted Shares (2) | 359,989 | 360,050 | 360,227 | 360,355 | 360,422 | 360,233 | 363,208 | 361,282 | 358,641 |
Preferred Shares | 4,584 | 4,584 | 4,584 | 4,584 | 4,584 | 4,584 | - | - | - |
The difference between Net Income and Net Income Attributable to Common Shareholders of CME Group - Basic and Diluted is the result of the distribution of earnings allocated to preferred shares.
Preferred shares of 4,584,000 were all converted on March 5, 2026 to Class A Common stock and are included in the Diluted shares for the first quarter of 2026.
Q324 | Q424 | Q125 | Q225 | Q325 | Q425 | Q126 | Q226 | Q326 | |
Revenues: | |||||||||
Clearing and transaction fees | 1,297.1 | 1,232.3 | 1,337.3 | 1,388.0 | 1,227.9 | 1,327.9 | 1,542.6 | 1,352.5 | 1,378.1 |
Market data and information services | 178.2 | 181.6 | 194.5 | 198.1 | 202.5 | 208.0 | 224.1 | 238.1 | 243.1 |
Other Revenue | 109.2 | 111.3 | 110.5 | 105.9 | 107.2 | 112.8 | 113.4 | 115.6 | 116.1 |
Total revenues | 1,584.5 | 1,525.2 | 1,642.3 | 1,692.0 | 1,537.6 | 1,648.7 | 1,880.1 | 1,706.2 | 1,737.3 |
Expenses: | |||||||||
Compensation and benefits | 207.5 | 218.9 | 207.8 | 212.5 | 225.0 | 232.6 | 219.5 | 214.9 | 228.8 |
Technology | 66.6 | 65.7 | 65.7 | 70.9 | 71.3 | 75.3 | 76.6 | 80.3 | 81.0 |
Professional fees and outside services | 31.0 | 33.9 | 25.2 | 27.0 | 27.0 | 28.3 | 27.9 | 28.5 | 30.7 |
Amortization of purchased intangibles | - | - | - | - | - | - | - | - | - |
Depreciation and amortization | 28.2 | 28.0 | 27.3 | 26.9 | 26.4 | 26.4 | 27.2 | 28.1 | 27.4 |
Licensing and other fee agreements | 97.6 | 84.0 | 96.6 | 96.2 | 81.6 | 96.6 | 106.8 | 109.1 | 104.2 |
Other expense | 57.9 | 89.7 | 52.0 | 57.7 | 55.3 | 84.2 | 53.7 | 60.3 | 59.7 |
Operating expenses | 488.8 | 520.2 | 474.6 | 491.2 | 486.6 | 543.4 | 511.7 | 521.2 | 531.8 |
Operating Income | 1,095.7 | 1,005.0 | 1,167.7 | 1,200.8 | 1,051.0 | 1,105.3 | 1,368.4 | 1,185.0 | 1,205.5 |
Operating Margin | 69% | 66% | 71% | 71% | 68% | 67% | 73% | 69% | 69% |
Non-operating Income and Expense | |||||||||
Investment income | 1,022.3 | 943.8 | 892.3 | 1,510.7 | 1,542.1 | 1,424.4 | 1,413.0 | 1,413.4 | 1,418.4 |
Interest and other borrowing costs | (40.2) | (40.7) | (41.7) | (44.0) | (44.0) | (43.7) | (43.6) | (43.6) | (43.5) |
Equity in net gains (losses) of unconsolidated subsidiaries | 99.7 | 104.8 | 110.4 | 112.2 | 112.2 | 101.0 | 106.4 | 101.7 | 106.8 |
Other non-operating income (expense) | (920.0) | (837.5) | (802.4) | (1,372.4) | (1,396.6) | (1,262.8) | (1,247.3) | (1,263.8) | (1,264.7) |
Non-operating income (expense) | 161.8 | 170.4 | 158.6 | 206.5 | 213.7 | 218.9 | 228.5 | 207.7 | 217.0 |
Income before income taxes | 1,257.5 | 1,175.4 | 1,326.3 | 1,407.3 | 1,264.7 | 1,324.2 | 1,596.9 | 1,392.7 | 1,422.5 |
Income taxes | 280.5 | 256.5 | 306.4 | 327.9 | 286.3 | 313.8 | 376.8 | 311.0 | 338.6 |
Net income | 977.0 | 918.9 | 1,019.9 | 1,079.4 | 978.4 | 1,010.4 | 1,220.1 | 1,081.7 | 1,083.9 |
Adjusted Net Income Attributable to Common Shareholders of CME Group - Basic(1) | 964.7 | 907.4 | 1,007.1 | 1,065.8 | 966.1 | 997.7 | 1,233.2 | 1,081.7 | 1,083.9 |
Adjusted Net Income Attributable to Common Shareholders of CME Group - Diluted(1) | 964.7 | 907.4 | 1,007.1 | 1,065.8 | 966.1 | 997.7 | 1,220.1 | 1,081.7 | 1,083.9 |
Effective Tax Rate | 22.3% | 21.8% | 23.1% | 23.3% | 22.6% | 23.7% | 23.6% | 22.3% | 23.8% |
Earnings per Share Attributable to Common Shareholders of CME Group: | |||||||||
Basic EPS | 2.68 | 2.52 | 2.80 | 2.96 | 2.69 | 2.77 | 3.43 | 3.00 | 3.03 |
Diluted EPS | 2.68 | 2.52 | 2.80 | 2.96 | 2.68 | 2.77 | 3.36 | 2.99 | 3.02 |
Weighted average number of common stock shares: | |||||||||
Basic Shares | 359,400 | 359,568 | 359,613 | 359,658 | 359,686 | 359,633 | 359,318 | 360,684 | 358,019 |
Diluted Shares(2) | 359,989 | 360,050 | 360,227 | 360,355 | 360,422 | 360,233 | 363,208 | 361,282 | 358,641 |
Preferred Shares | 4,584 | 4,584 | 4,584 | 4,584 | 4,584 | 4,584 | - | - | - |
The difference between Adjusted Net Income and Adjusted Net Income Attributable to Common Shareholders of CME Group - Basic and Diluted is the result of the distribution of earnings allocated to preferred shares.
Preferred shares of 4,584,000 were all converted on March 5, 2026 to Class A Common stock and are included in the Diluted shares for the first quarter of 2026.