| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | 1 | — | — | 1 | — | — | 1 | — | — | — |
| Sell | — | 2 | 1 | — | 3 | 3 | — | 2 | — | — | — | 2 |
| total | individual payouts | |
|---|---|---|
| 2028 | ‡‡‡‡‡ |
|
| 2027 | ‡‡‡‡‡ |
|
| 2026 | 11.89 |
—
—
—
|
| 2025 | 9.72 |
—
—
—
—
|
| 2024 | 4.60 |
—
—
—
—
—
|
| 2023 | 4.40 |
—
—
—
—
—
|
| 2022 | 4.00 |
—
—
—
—
—
|
| 2021 | 3.60 |
—
—
—
—
—
|
| 2020 | 3.40 |
—
—
—
—
—
|
| 2019 | 3.00 |
—
—
—
—
—
|
| 2018 | 2.80 |
—
—
—
—
—
|
| 2017 | 2.64 |
—
—
—
—
—
|
| 2016 | 2.40 |
—
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 3,023.70 | 3,005.60 | 4,541.90 | 2,275.60 |
| Receivables | 535.60 | 573.10 | 639.20 | 753.10 |
| Inventory | — | — | — | — |
| Other | 91,330.90 | 99,454.80 | 160,178.20 | 158,602.40 |
| 94,890.20 | 103,033.50 | 165,359.30 | 161,631.10 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 90.60 | 79.90 | 71.80 | 68.00 |
| ST’ Debt | — | — | — | — |
| Other | 93,326.30 | 101,484.20 | 160,224.90 | 158,649.30 |
| 93,416.90 | 102,313.90 | 160,296.70 | 158,717.30 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,880.10 | 1,706.20 | — | — |
—
|
| ’25 | 1,642.30 | 1,692.00 | 1,537.60 | 1,648.70 |
6,520.60
|
| ’24 | 1,487.90 | 1,532.50 | 1,584.40 | 1,525.30 |
6,130.10
|
| ’23 | 1,441.60 | 1,360.20 | 1,337.80 | 1,439.30 |
5,578.90
|
| ’22 | 1,346.60 | 1,237.20 | 1,227.80 | 1,207.80 |
5,019.40
|
| ’21 | 1,253.30 | 1,179.20 | 1,109.90 | 1,147.30 |
4,689.70
|
| ’20 | 1,522.10 | 1,182.30 | 1,080.70 | 1,098.50 |
4,883.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,259.90 | 947.10 | — | — |
—
|
| ’25 | 1,116.60 | 1,058.50 | 968.10 | 1,133.90 |
4,277.10
|
| ’24 | 892.70 | 776.90 | 1,003.00 | 1,017.90 |
3,690.50
|
| ’23 | 902.40 | 650.40 | 856.70 | 1,044.30 |
3,453.80
|
| ’22 | 799.10 | 617.60 | 657.80 | 981.50 |
3,056.00
|
| ’21 | 602.70 | 499.80 | 631.60 | 668.30 |
2,402.40
|
| ’20 | 757.10 | 986.80 | 311.40 | 660.30 |
2,715.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1,238.10 | 923.50 | — | — |
—
|
| ’25 | 1,102.40 | 1,040.10 | 949.70 | 1,101.40 |
4,193.60
|
| ’24 | 872.90 | 758.70 | 973.20 | 991.70 |
3,596.50
|
| ’23 | 887.20 | 629.90 | 836.80 | 1,023.50 |
3,377.40
|
| ’22 | 775.70 | 599.70 | 633.80 | 957.10 |
2,966.30
|
| ’21 | 574.20 | 460.10 | 599.90 | 680.30 |
2,314.50
|
| ’20 | 714.30 | 950.40 | 263.10 | 590.30 |
2,518.10
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3.18 | 2.88 | — | — |
—
|
| ’25 | 2.62 | 2.81 | 2.49 | 3.24 |
11.16
|
| ’24 | 2.35 | 2.42 | 2.50 | 2.40 |
9.67
|
| ’23 | 2.43 | 2.14 | 2.06 | 2.24 |
8.86
|
| ’22 | 1.95 | 1.82 | 1.87 | 1.75 |
7.40
|
| ’21 | 1.60 | 1.42 | 2.58 | 1.71 |
7.29
|
| ’20 | 2.14 | 1.40 | 1.15 | 1.18 |
5.87
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 166.58 | 166.55 | 190.70 | 224.62 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 256.94 | 223.80 | 249.02 | 290.79 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,460 | 3,565 | 3,760 | 3,875 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.45 | 1.56 | 1.63 | 1.68 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5,019.40 | 5,578.90 | 6,130.10 | 6,520.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,490.30 | 4,153.60 | 4,541.40 | 5,330.50 | ‡‡‡‡‡ | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 69.54% | 74.45% | 74.08% | 81.75% | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,691.00 | 3,226.20 | 3,525.80 | 4,072.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 362.60 | 352.60 | 336.80 | 330.90 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.99 | 15.54 | 17.06 | 18.13 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | 7.41 | 8.87 | 9.69 | 11.18 | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.52 | 9.62 | 10.27 | 11.89 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.25) | (0.21) | (0.26) | (0.23) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.27 | 9.41 | 10.01 | 11.66 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 74.93 | 74.47 | 73.70 | 79.88 | ‡‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 358.71 | 359.02 | 359.39 | 359.65 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22.80 | 23.59 | 23.97 | 24.43 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.07 | 13.46 | 13.61 | 15.06 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.25 | 2.81 | 3.15 | 3.42 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.21 | 13.55 | 13.57 | 14.90 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 20.66 | 22.38 | 23.13 | 23.17 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,056.00 | 3,453.80 | 3,690.50 | 4,277.10 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (89.70) | (76.40) | (94.00) | (83.50) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,966.30 | 3,377.40 | 3,596.50 | 4,193.60 | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,390.80 | 1,473.30 | 719.60 | 5,062.60 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3,496.40 | 3,425.40 | 2,678.20 | 3,422.30 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 680.30 | 401.70 | (327.40) | (1,119.60) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 26,878.70 | 26,737.90 | 26,486.90 | 28,728.20 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.43% | 2.10% | 2.61% | 2.39% | ‡‡‡‡‡ | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 6.84% | 7.91% | 9.39% | 9.57% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.79% | 11.88% | 13.08% | 14.56% | ‡‡‡‡‡ | — | — |
ROE
|
CME Group Inc. stands as a resilient powerhouse in derivatives trading, thriving amid macroeconomic turbulence with revenue surging from $3.6 billion in 2016 to $6.13 billion in 2024—a 6% CAGR even through the pandemic. Its transaction-based model scales with volatility from interest rates, geopolitics, and commodities, delivering 100% gross margins, EBT peaks near 81%, and ROE climbing to 13.1%. Free cash flow per share doubled to $10.01, funding buybacks and a 25+ year dividend streak, while a pristine balance sheet shifted to net cash of $1.12 billion by 2025.
Stock performance has mirrored this strength, with highs expanding 134% since 2016 and downside volatility shrinking, decoupling from market selloffs as a prime “volatility beneficiary.” Key catalysts like Bitcoin futures, the NEX acquisition, Fed rate hikes, and global tensions have driven record volumes, keeping multiples reasonable (24x P/E, 23x EV/FCF) despite premium pricing for its moat.
Projections signal continued momentum: EPS to $11.42 by 2026 (18% growth), revenue at $6.90 billion, fueled by central bank divergence and commodity supercycles. While net insider selling persists, selective buys and modest 3-12% upside targets suggest constructive potential for patient investors eyeing mid-teens returns—yet vulnerable to a soft landing.
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