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CME Group Inc
F:MX4A

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CME Group Inc
F:MX4A
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Price: 276.35 EUR 3.23% Market Closed
Market Cap: €99.3B
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Financial profile · Q3 FY2026

An activity-sensitive exchange model with expanding earnings and restrained capital needs

CME pairs revenue linked to trading and market-data activity with substantial operating leverage and consistent free cash flow. Its modest capital-spending needs have supported regular dividends and share repurchases.

What is developing

Trailing-year operating income has grown faster than revenue, while the latest quarter's operating margin edged below its year-earlier level. This points to continued operating leverage with some quarterly cost variation, rather than a clearly changed financial model.

What matters next

Whether revenue growth continues to outpace operating-expense growth and supports the recent trailing-year margin expansion.

USD
Metric FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Cash & Cash Equivalents
1.9B 1.9B 1.4B 1.6B 1.6B 2.8B 2.7B 2.9B 2.9B 4.4B
Cash Equivalents
1.9B 1.9B 1.4B 1.6B 1.6B 2.8B 2.7B 2.9B 2.9B 4.4B
Short-Term Investments
83.3m 90.1m 72.9m 83.2m 100.9m 115m 96m 111.7m 113.2m 125m
Total Receivables
364.4m 359.7m 553.3m 491.8m 461.3m 434.5m 483.2m 535.6m 573.1m 639.2m
Accounts Receivables
364.4m 359.7m 553.3m 491.8m 461.3m 434.5m 483.2m 535.6m 573.1m 639.2m
Other Receivables
0 0 0 0 0 0 0 0 0 0
Other Current Assets
37.7B 44.6B 39.9B 37.4B 87.1B 158.4B 135.8B 91.3B 99.5B 160.2B
Total Current Assets
40B 46.9B 41.9B 39.6B 89.3B 161.8B 139.1B 94.9B 103B 165.4B
PP&E Net
425.2m 399.7m 448.7m 1.1B 1.1B 930.8m 837.6m 744.3m 671.5m 618.5m
PP&E Gross
425.2m 399.7m 448.7m 1.1B 1.1B 930.8m 837.6m 744.3m 671.5m 618.5m
Accumulated Depreciation
(597.2m) (676.6m) (761.1m) (867.5m) (961.2m) (1B) (1.1B) (933.1m) (1B) (1B)
Intangible Assets
19.6B 19.5B 22.7B 22.3B 22B 20.7B 20.4B 20.2B 20B 19.8B
Goodwill
7.6B 7.6B 10.8B 10.7B 10.8B 10.5B 10.5B 10.5B 10.5B 10.5B
Long-Term Investments
991.9m 999m 1B 1B 1B 2.4B 2.8B 2.8B 2.6B 1.5B
Other Long-Term Assets
734.7m 395.4m 628m 534.8m 456.2m 413.4m 574m 585.7m 688.2m 645.2m
Other Assets
7.6B 7.6B 10.8B 10.7B 10.8B 10.5B 10.5B 10.5B 10.5B 10.5B
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
Accrued Liabilities
— — — 42.3m 44.5m 47.3m 49.9m 46.7m 44.7m 46.8m
Short-Term Debt
0 0 0 0 0 0 0 0 0 0
Current Portion of Long-Term Debt
— — 574.2m 7.4m 7.7m 757.3m 24.2m 8.4m 758.5m 9m
Other Current Liabilities
38.9B 45.6B 40.6B 38.4B 88.1B 159.5B 137.5B 93.3B 101.4B 160.2B
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 3.8B 3.5B 2.8B 3.5B 3.5B 2.7B 3.5B
Deferred Income Tax
7.3B 4.9B 5.7B 5.6B 5.6B 5.4B 5.4B 5.3B 5.2B 5.2B
Minority Interest
— — 46.8m 30.4m 31.6m 0 — — — —
Other Liabilities
560.9m 615.7m 745.1m 1.1B 975.6m 820.6m 758.2m 738.8m 670.5m 693.1m
Total Liabilities
49B 53.4B 51.6B 49.1B 98.3B 169.4B 147.3B 103B 111B 169.7B
Common Stock
3.4m 3.4m 3.6m 3.6m 3.6m 3.6m 3.6m 3.6m 3.6m 3.6m
Retained Earnings
2.5B 4.5B 4.9B 5B 5B 5.2B 4.7B 4.5B 4.2B 6.4B
Additional Paid In Capital
17.8B 17.9B 21.1B 21.1B 21.2B 22.2B 22.3B 22.3B 22.4B 22.2B
Unrealized Security Profit/Loss
(19.5m) 600k 100k 800k 1.6m 1.1m (900k) (400k) (300k) 0
Other Equity
5.4m 13.7m 5.2m 2.6m 133.3m 52.4m (132.4m) (55.2m) (105.2m) 81.9m
Total Equity
20.3B 22.4B 25.9B 26.1B 26.3B 27.4B 26.9B 26.7B 26.5B 28.7B
Total Liabilities & Equity
69.4B 75.8B 77.5B 75.2B 124.7B 196.8B 174.2B 129.7B 137.4B 198.4B
Common Shares Outstanding
338.2m 339.2m 356.8m 357.5m 358.1m 358.6m 358.9m 359.2m 359.6m 359m
Preferred Shares Outstanding
— — — — — 4.6m 4.6m 4.6m 4.6m 4.6m
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Continue MX4A Research

Summary
MX4A intrinsic value, competitors valuation, and company profile.
DCF Valuation
MX4A stock valuation using Discount Cash Flow valuation method.
Relative Valuation
MX4A stock valuation using valuation multiples.
Wall St Estimates
MX4A price targets and financial estimates made by Wall Street analysts.
Profitability
Detailed analysis of the company's profitability.
Solvency
Analysis of the financial position and solvency of the company.
Financial Statements
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
MX4A stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall St Estimates
Profitability
Solvency
Financial Statements
Discount Rate
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