CME Group Inc. Class A Common Stock (CME) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$2.91	$2.99	+2.7%	—	$1.7B	—
Q1 26	$3.37	$3.36	-0.3%	—	$1.9B	—
Q4 25	$2.74	$2.77	+1.1%	—	$1.6B	—
Q3 25	$2.63	$2.68	+1.9%	—	$1.5B	—
Q2 25	$2.92	$2.96	+1.4%	—	$1.7B	—
Q1 25	$2.81	$2.8	-0.4%	—	$1.6B	—
Q4 24	$2.45	$2.52	+2.9%	—	$1.5B	—
Q3 24	$2.65	$2.68	+1.1%	—	$1.6B	—
Q2 24	$2.53	$2.56	+1.2%	—	$1.5B	—
Q1 24	$2.45	$2.5	+2.0%	—	$1.5B	—
Q4 23	$2.28	$2.37	+3.9%	—	$1.4B	—
Q3 23	$2.22	$2.25	+1.4%	—	$1.3B	—
Q2 23	$2.19	$2.3	+5.0%	—	$1.4B	—
Q1 23	$2.38	$2.42	+1.7%	—	$1.4B	—
Q4 22	$1.88	$1.92	+2.1%	—	$1.2B	—
Q3 22	$1.94	$1.98	+2.1%	—	$1.2B	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$11.2	—	—	$6.5B	—
FY24	—	$9.69	—	—	$6.1B	—
FY23	—	$8.87	—	—	$5.6B	—
FY22	—	$7.41	—	—	$5B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$3.6B	$3.6B	$4.3B	$4.9B	$4.9B	$4.7B	$5B	$5.6B	$6.1B	$6.5B
YoY change	+8.07%	+1.38%	+18.2%	+13%	+0.32%	-3.97%	+7.03%	+11.1%	+9.88%	+6.37%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	3.6B	3.6B	4.3B	4.9B	4.9B	4.7B	5B	5.6B	6.1B	6.5B
Cost of revenue	543.2M	563.9M	672.2M	898.7M	856.5M	837M	753.1M	828.6M	850.3M	907M
Gross profit	3.1B	3.1B	3.6B	4B	4B	3.9B	4.3B	4.8B	5.3B	5.6B
Gross margin	84.9%	84.5%	84.4%	81.5%	82.5%	82.2%	85%	85.1%	86.1%	86.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	144.4M	117.6M	166.1M	174.1M	191.3M	151.7M	137.4M	144.4M	132.7M	150.5M
Operating expenses	626.2M	561.7M	780.9M	908.2M	925.3M	822.1M	887.8M	962M	1B	1.1B
Operating income	2.2B	2.3B	2.6B	2.6B	2.6B	2.6B	3B	3.4B	3.9B	4.2B
Operating margin	61.2%	63.4%	60.5%	53.2%	54%	56.4%	60.1%	61.6%	64.1%	64.9%
Non-operating income, net	210.6M	332.7M	327.9M	279.8M	250.9M	895.3M	637.1M	877.3M	770.8M	1.3B
Pretax income	2.3B	2.5B	2.8B	2.7B	2.7B	3.4B	3.5B	4.2B	4.5B	5.3B
Income tax	753.5M	-1.5B	814.1M	573.8M	615.7M	736.7M	799.3M	927.4M	1B	1.3B
Net income	1.5B	4.1B	2B	2.1B	2.1B	2.6B	2.7B	3.2B	3.5B	4.1B
Net margin	42.7%	111.5%	45.6%	43.5%	43.1%	56.2%	53.6%	57.8%	57.5%	62.5%
EBITDA	2.5B	2.3B	2.4B	2.7B	3.2B	3.6B	1.8B	-609.7M	960M	98.3M
EPS	4.55	12	5.73	5.93	5.88	7.3	7.41	8.87	9.69	11.2
Diluted EPS	4.53	11.9	5.71	5.91	5.87	7.29	7.4	8.86	9.67	11.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.3B	1.4B	1.5B	1.5B	1.6B	1.5B	1.6B	1.7B	1.5B	1.6B	1.9B	1.7B
Cost of revenue	205.5M	212.9M	206M	204.7M	218.8M	220.8M	206.7M	221.6M	237.6M	241.1M	223M	233.5M
Gross profit	1.1B	1.2B	1.3B	1.3B	1.4B	1.3B	1.4B	1.5B	1.3B	1.4B	1.7B	1.5B
Gross margin	84.6%	85.2%	86.2%	86.6%	86.2%	85.5%	87.4%	86.9%	84.5%	85.4%	88.1%	86.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	32.2M	36.1M	33.1M	34.7M	31M	33.9M	28.5M	37.4M	36.7M	47.9M	28.2M	29.1M
Operating expenses	223.8M	276.9M	237M	243M	257.5M	274M	245.1M	257.7M	244.8M	305.6M	264.1M	281.4M
Operating income	820.2M	863.2M	959.6M	1B	1B	947.1M	1.1B	1.1B	972.6M	1B	1.3B	1.1B
Operating margin	61.3%	60%	64.5%	65.3%	64.6%	62.1%	67.5%	66.7%	63.3%	61.8%	69.7%	64.9%
Non-operating income, net	193.7M	182.5M	193.7M	194M	192.9M	190.2M	178.5M	245M	248.4M	602.5M	244.8M	264.2M
Pretax income	974.3M	1B	1.1B	1.2B	1.2B	1.1B	1.2B	1.3B	1.2B	1.6B	1.5B	1.3B
Income tax	224.1M	191.4M	258.2M	271.3M	264.1M	222M	288.6M	305.2M	269M	395.5M	356.6M	285.9M
Net income	750.2M	814.6M	855.2M	883.2M	912.8M	874.6M	956.2M	1B	908M	1.2B	1.2B	1B
Net margin	56.1%	56.6%	57.5%	57.6%	57.6%	57.3%	58.2%	60.6%	59.1%	71.7%	61.4%	61.1%
EBITDA	-170.3M	55.1M	167.3M	234.3M	274.2M	284.2M	476.3M	-60.7M	-245.1M	-72.2M	248.5M	25.8M
EPS	2.06	2.24	2.35	2.43	2.51	2.4	2.63	2.81	2.49	3.25	3.25	2.89
Diluted EPS	2.06	2.24	2.35	2.42	2.5	2.4	2.62	2.81	2.49	3.24	3.18	2.88

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	38.9B	49.5B	64.4B	71.7B	65.1B	81.9B	60.3B	75.6B	83.5B	98.2B	94.7B
Enterprise value	76.8B	93.9B	67.4B	73.8B	66.8B	82.4B	60.9B	76B	83.9B	97.1B	96.7B
Shares outstanding	337.5M	338.7M	342.3M	357.2M	357.8M	358.3M	358.7M	359M	359.4M	359.6M	359.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	25.4	12.2	32.8	33.9	30.9	31	22.4	23.4	23.7	24.1	22.4
P/S	10.8	13.6	14.9	14.7	13.3	17.5	12	13.6	13.6	15.1	14.1
P/B	1.91	2.21	2.48	2.74	2.47	2.99	2.24	2.83	3.15	3.42	3.59
EV/EBITDA	30.8	40.5	27.6	27.3	21.1	22.8	33.5	-124.7	87.4	987.7	20.3
EV/Sales	21.3	25.8	15.6	15.2	13.7	17.6	12.1	13.6	13.7	14.9	14.3
Earnings yield	3.94%	8.21%	3.05%	2.95%	3.23%	3.22%	4.46%	4.27%	4.22%	4.15%	4.45%
FCF yield	4.21%	3.37%	3.61%	3.39%	3.87%	2.78%	4.92%	4.47%	4.31%	4.27%	3.07%
PEG	—	—	—	—	—	—	—	—	—	—	7.89

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	84.9%	84.5%	84.4%	81.5%	82.5%	82.2%	85%	85.1%	86.1%	86.1%	86.3%
Operating margin	61.2%	63.4%	60.5%	53.2%	54%	56.4%	60.1%	61.6%	64.1%	64.9%	65%
Net margin	42.7%	111.5%	45.6%	43.5%	43.1%	56.2%	53.6%	57.8%	57.5%	62.5%	63.4%
ROE	7.54%	18.1%	7.56%	8.09%	7.99%	9.62%	10%	12.1%	13.3%	14.2%	15.8%
ROA	2.21%	5.36%	2.53%	2.81%	1.69%	1.34%	1.54%	2.49%	2.57%	2.05%	1.48%
ROIC	2.54%	3.46%	6.37%	7.2%	7.27%	7.41%	8.46%	9.83%	11.3%	11.7%	12.2%
Return on tangible assets	10.2%	18.8%	18.7%	23.1%	3.57%	1.96%	2.4%	4.73%	4.61%	2.95%	3.19%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.03	1.03	1.01	1.03	1.01	1.01	1.01	1.02	1.01	1.03	1.02
Quick ratio	1.03	1.03	1.01	1.03	1.01	1.01	1.01	1.02	1.01	1.03	1.02
Debt / equity	1.96	2.07	0.17	0.14	0.13	0.13	0.13	0.13	0.13	0.12	0.15
Debt / assets	0.57	0.61	0.06	0.05	0.03	0.02	0.02	0.03	0.02	0.02	0.02
Net debt / EBITDA	15.2	19.1	1.21	0.78	0.54	0.14	0.34	-0.66	0.44	-11.4	-26.7
Interest coverage	19.5	22.6	18.6	16.1	17.4	21.2	22.5	27.1	29.2	31.7	33
Effective tax rate	32.9%	0%	29.3%	21.3%	22.6%	21.8%	22.9%	22.3%	22.4%	23.6%	23.4%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	10.7	10.8	12.6	13.6	13.7	13.1	14	15.5	17.1	18.1	18.8
EPS (basic)	4.55	12	5.73	5.93	5.88	7.3	7.41	8.87	9.69	11.2	11.2
EPS (diluted)	4.53	11.9	5.71	5.91	5.87	7.29	7.4	8.86	9.67	11.2	11.8
Book value per share	60.3	66.2	75.8	73.2	73.7	76.5	74.9	74.5	73.7	79.9	73.8
FCF per share	4.86	4.93	6.79	6.8	7.04	6.35	8.27	9.41	10	11.7	11.7
Cash per share	5.78	5.89	4.23	4.58	4.85	8.23	7.85	8.42	8.36	12.6	6.33
Capex per share	0.27	0.24	0.34	0.69	0.55	0.25	0.25	0.21	0.26	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.55%	2.25%	2.71%	5.05%	4.04%	1.87%	1.79%	1.37%	1.53%	—	—
Capex / operating cash flow	5.5%	4.61%	5.08%	9.3%	7.25%	2.86%	2.8%	2.12%	2.47%	—	—
Payout ratio	116.5%	49.1%	109.5%	80.2%	100.2%	83%	97.9%	100.3%	101.7%	96.6%	95.4%
Dividend yield	4.59%	4.03%	3.34%	2.37%	3.24%	2.67%	4.37%	4.28%	4.29%	4%	1.98%

Yield

1.98%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.30

ex-dividend Sep 9, 2026

Payout ratio

95%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 9, 2026	$1.30
Jun 9, 2026	$1.30
Mar 10, 2026	$7.45

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.3B	$1.4B	$1.5B	$1.5B	$1.6B	$1.5B	$1.6B	$1.7B	$1.5B	$1.6B	$1.9B	$1.7B
YoY change	+8.96%	+19.2%	+3.21%	+12.7%	+18.4%	+5.98%	+10.4%	+10.4%	-2.95%	+8.09%	+14.5%	+0.84%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	2B	2B	1.4B	1.6B	1.7B	2.9B	2.8B	3B	3B	4.5B
Receivables	364.4M	359.7M	553.3M	491.8M	461.3M	434.5M	483.2M	535.6M	573.1M	639.2M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	40B	46.9B	41.9B	39.6B	89.3B	161.8B	139.1B	94.9B	103B	165.4B
Property, plant & equipment	245.8M	225.9M	274.6M	370.1M	412.1M	373M	323.3M	278.8M	255.5M	232M
Goodwill & intangibles	54.4B	54.2B	67B	66.1B	65.7B	62.5B	61.9B	61.4B	61B	60.6B
Total assets	69.4B	75.8B	77.5B	75.2B	124.7B	196.8B	174.2B	129.7B	137.4B	198.4B
Accounts payable	26.2M	31.3M	116M	61.9M	69.3M	48.8M	121.4M	90.6M	79.9M	71.8M
Short-term debt	37.5B	44.2B	574.2M	—	—	749.4M	16M	—	749.8M	—
Total current liabilities	38.9B	45.7B	41.3B	38.5B	88.2B	160.4B	137.7B	93.4B	102.3B	160.3B
Long-term debt	2.2B	2.2B	3.8B	3.7B	3.4B	2.7B	3.4B	3.4B	2.7B	3.4B
Total liabilities	49B	53.4B	51.5B	49.1B	98.3B	169.4B	147.3B	103B	111B	169.7B
Shareholders' equity	20.3B	22.4B	26B	26.2B	26.4B	27.4B	26.9B	26.7B	26.5B	28.7B
Total debt	39.8B	46.4B	4.4B	3.7B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B
Net debt	37.9B	44.5B	3B	2.2B	1.8B	610.2M	718.3M	513.4M	535.6M	-994.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	2.4B	3B	1.6B	1.9B	2.4B	3B	1.5B	2.1B	2.6B	4.5B	2.5B	2.3B
Receivables	558.4M	535.6M	628.2M	599.5M	629.4M	573.1M	770.2M	667.6M	642.9M	639.2M	935.5M	753.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	90.8B	94.9B	97.3B	88.7B	103.1B	103B	123.4B	145.5B	152.8B	165.4B	169B	161.6B
Property, plant & equipment	417.3M	278.8M	396M	384.5M	386.2M	255.5M	371.2M	-960.8M	-983.2M	232M	-1B	-993.7M
Goodwill & intangibles	61.5B	61.4B	61.3B	61.2B	61.2B	61B	60.9B	60.9B	60.7B	60.6B	60.5B	60.4B
Total assets	125.6B	129.7B	132.1B	123.4B	137.8B	137.4B	157.8B	179.9B	187.1B	198.4B	202B	194.7B
Accounts payable	53.8M	90.6M	111M	99.9M	129.9M	79.9M	100.2M	92.3M	74.9M	71.8M	75.4M	68M
Short-term debt	—	—	749.3M	749.5M	749.7M	749.8M	—	—	—	—	—	—
Total current liabilities	87.9B	93.4B	96.1B	87B	100.8B	102.3B	121.4B	142.8B	149.6B	160.3B	166B	158.7B
Long-term debt	3.4B	3.4B	2.7B	2.7B	2.7B	2.7B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B
Total liabilities	97.4B	103B	104.9B	95.7B	109.6B	111B	130.8B	152.2B	159B	169.7B	175.4B	168.2B
Shareholders' equity	28.2B	26.7B	27.2B	27.6B	28.2B	26.5B	27B	27.7B	28.2B	28.7B	26.6B	26.5B
Total debt	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B	3.4B
Net debt	1.1B	513.4M	2B	1.6B	1.1B	535.6M	2B	1.4B	974.5M	-994.6M	1B	1.3B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.5B	4.1B	2B	2.1B	2.1B	2.6B	2.7B	3.2B	3.5B	4.1B
Depreciation & amortization	225.3M	208.5M	248.7M	473.3M	464.4M	385.4M	362.6M	352.6M	336.8M	330.9M
Stock-based compensation	66.2M	58M	96.5M	73.1M	96M	75.2M	84.3M	82.9M	89.5M	94.8M
Change in working capital	-73.7M	-195.1M	-136.5M	-29.6M	97.3M	-41.3M	52.6M	-18.1M	-71.2M	8.6M
Operating cash flow	1.7B	1.8B	2.3B	2.6B	2.7B	3.1B	3.2B	3.6B	3.8B	4.3B
Capital expenditure	-91.8M	-81.9M	-116.7M	-245.6M	-197.5M	-87.9M	-89.7M	-76.4M	-94M	—
Investing cash flow	53.7M	179.9M	-1.9B	-152.6M	-175.5M	58.4M	-489.8M	20.9M	-82.6M	1.6B
Dividends paid	-1.8B	-2B	-2.1B	-1.7B	-2.1B	-2.2B	-2.6B	-3.2B	-3.6B	-3.9B
Share repurchases	—	—	—	—	—	—	—	—	—	-266.1M
Financing cash flow	-1.7B	-2B	-1.1B	-4.7B	47.2B	69.9B	-25.4B	-48.3B	5.1B	56.5B
Net change in cash	50.6M	-27.8M	-671.6M	-2.2B	49.8B	73B	-22.7B	-44.7B	8.8B	62.4B
Free cash flow	1.6B	1.7B	2.3B	2.4B	2.5B	2.3B	3B	3.4B	3.6B	4.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	750.2M	814.6M	855.2M	883.2M	912.8M	874.6M	956.2M	1B	908M	1.2B	1.2B	1B
Depreciation & amortization	88.3M	86.3M	85.3M	84.2M	83.9M	83.4M	82.5M	83.4M	82.6M	82.4M	83.3M	84.2M
Stock-based compensation	18.9M	24.3M	23.3M	18.8M	20.3M	27.1M	21.2M	20.7M	24M	28.9M	21.8M	24.8M
Change in working capital	26.3M	146.6M	-216.2M	85.8M	2.9M	56.3M	-219.9M	200.9M	-13.3M	40.9M	-325.5M	168.7M
Operating cash flow	891.3M	1B	743.8M	1B	1B	999.2M	838.3M	1.3B	968.1M	1.1B	1.3B	947.1M
Capital expenditure	-19.9M	-20.8M	-19.8M	-18.2M	-29.8M	-26.2M	-14.2M	-18.4M	—	—	—	—
Investing cash flow	-19.5M	-20.4M	-22.8M	-5M	-29.5M	-25.3M	-16M	-18M	-700K	1.6B	-1.2M	-5.8M
Dividends paid	-400M	-400.1M	-2.3B	-418.5M	-418.5M	-418.8M	-2.6B	-455.3M	-455.3M	-455M	-2.7B	-468.1M
Share repurchases	—	—	—	—	—	—	—	-8.2M	0	-257.9M	-538.7M	-698.2M
Financing cash flow	-26.5B	2.6B	1.9B	-9.2B	13.3B	-984.1M	19.2B	21B	6.4B	9.9B	2.1B	-8.1B
Net change in cash	-25.6B	3.6B	2.7B	-8.2B	14.3B	-10.2M	20B	22.3B	7.4B	12.6B	3.4B	-7.2B
Free cash flow	836.8M	1B	872.9M	758.7M	973.2M	991.7M	1.1B	1B	949.7M	1.1B	1.2B	923.5M

CME Group Inc. Class A Common Stock Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history