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CME Group Inc
XMUN:MX4A

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CME Group Inc
XMUN:MX4A
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Price: 261.25 EUR 1.26% Market Closed
Market Cap: €94.1B
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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 22, 2026
AI Summary
Q2 2026

Strong quarter: CME said Q2 revenue topped $1.7 billion, a record for second-quarter revenue and the second-highest quarterly result in company history.

Volume held up: Average daily volume was 29.8 million contracts, the second-best Q2 in CME's history and within 1% of last year's record quarter.

Market data strength: Market data revenue hit another record at $238 million, up 20%, helped by pricing, subscriber growth, and new data products.

Innovation pipeline: Management highlighted upcoming launches in single stock futures, Treasury Link, compute futures, and 24/7 gold trading as key growth drivers.

Perpetuals debate: Terry Duffy argued crypto and equity perpetual futures are not good substitutes for CME's products and said customers have not asked for them.

Retail and crypto growth: CME said its crypto suite grew strongly despite outside perpetual products, and it sees retail demand building through new products and broker partnerships.

Key Financials
Revenue
over $1.7 billion
Average rate per contract
$0.678
Market data revenue
$238 million
Adjusted expenses
$521 million
Adjusted expenses excluding license fees
$412 million
Adjusted operating income
$1.2 billion
Adjusted operating margin
69.5%
Adjusted net income
$1.1 billion
Adjusted diluted earnings per share
$2.99 per share
Adjusted net income margin
63.4%
Average daily volume
29.8 million contracts
Open interest
up 8% over the past year
Customer margin savings
over $95 billion per day
First-half volume
10% ahead of last year
First-half revenue
up 8%
First-half adjusted diluted earnings per share
up 10%
July-to-date volume
18% ahead of last year
Crypto suite growth
32%
Cryptocurrency futures and options growth
44%
Cryptocurrency futures and options growth in June
76%
Crypto complex trading volume
between $4.5 billion and $6.5 billion per day
Crypto open interest
between $9 billion and $10 billion of average daily open interest
24/7 crypto trading volume
over $1.5 billion
Metals volume
up 4%
COMEX copper warehouses
just under 700,000 short tons
Equity complex average daily volume
8.6 million
Equity complex June volume
10.1 million contracts
Equity complex July volume
about 7.8 million contracts per day
Equity capital savings
nearly $45 billion per day
Event contracts since launch
about 525 million
Market event contracts since launch
about 48 million contracts
Event contract accounts
over 140,000
Event contract ADV
over 4 million a day
Market data catch-up and audit payments
approximately $7 million
Earnings Call Recording
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