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CME Group Inc.

CME Financial Financial Data & Stock Exchanges

CME Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $6.5 billion, up 6.37% from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 2.85%, free cash flow fell 11.2% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

303.14 6.72 +2.27%
Market cap
$106.1B
P/E
25.5×
Fwd P/E
25.4×
Dividend yield
1.27%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Insider Decisions trades per month

Total buys 0.67
Total sells 31.62
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — 1 — — 1 — — 1 — — 1 —
Sell 2 1 — 3 3 — 2 — — — 2 2
Insider Ownership 2.14%

Capital & Financial Ratios $m

Market Cap 106,100.00
Revenue 6,772.60
Net Income 4,287.00
Free Cash Flow 4,212.70
Net Debt 1,148.60
Current Ratio 1.02
Debt/Equity 0.13
P/E ratio 25.52
Fwd P/E 25.40
P/S ratio 16.15 (above 10: high)
P/B ratio 4.12
Past 5Y EPS Growth 13.71%
This Y EPS Growth 10.59%
Next Y EPS Growth 6.70%
Next Y revenue growth 8.69%
Next 5Y EPS Growth 8.37%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 49.03%
10-year low 10-year high
P/S against its own 10 years 88.36%
10-year low 10-year high
P/B against its own 10 years 99.82%
10-year low 10-year high

Dividends

Payout Ratio 0.33
Annual Dividend Rate 3.85
Annual Dividend Yield 1.27%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 11.52
6.15
1.30
1.30
2025 9.72
1.25
1.25
1.25
1.25
2024 4.60
1.15
1.15
1.15
1.15
5.80
2023 4.40
1.10
1.10
1.10
1.10
5.25
2022 4.00
1.00
1.00
1.00
1.00
4.50
2021 3.60
0.90
0.90
0.90
0.90
3.25
2020 3.40
0.85
0.85
0.85
0.85
2.50
2019 3.00
0.75
0.75
0.75
0.75
2.50
2018 2.80
0.70
0.70
0.70
0.70
1.75
2017 2.64
0.66
0.66
0.66
0.66
3.50
2016 2.40
0.60
0.60
0.60
0.60
3.25
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 3,024 3,006 4,542 2,276
Receivables 536 573 639 753
Inventory — — — —
Other 91,331 99,455 160,178 158,602
94,890 103,034 165,359 161,631
2023 2024 2025 Q'26
Payables 91 80 72 68
ST’ Debt — — — —
Other 93,326 101,484 160,225 158,649
93,417 102,314 160,297 158,717

Compound Annual Growth %

10y 5y 3y
Sales 6.96% 5.95% 9.11%
Cash Flow 10.81% 9.51% 11.86%
Earnings 12.42% 13.82% 14.81%
Book Value 3.41% 1.74% 2.24%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.98 Actual 3.02

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 2.75 2.77 Beat by 0.02
Q1 FY26 3.37 3.36 Miss by 0.01
Q2 FY26 2.91 2.99 Beat by 0.08
Q3 FY26 2.98 3.02 Beat by 0.04
Q4 FY26 3.01 — Reports 3 February 2027

EPS $

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
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,880 1,706 — — —
’25 1,642 1,692 1,538 1,649 6,521
’24 1,488 1,533 1,584 1,525 6,130
’23 1,442 1,360 1,338 1,439 5,579
’22 1,347 1,237 1,228 1,208 5,019
’21 1,253 1,179 1,110 1,147 4,690
’20 1,522 1,182 1,081 1,099 4,884
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 1,260 947 — — —
’25 1,117 1,059 968 1,134 4,277
’24 893 777 1,003 1,018 3,691
’23 902 650 857 1,044 3,454
’22 799 618 658 982 3,056
’21 603 500 632 668 2,402
’20 757 987 311 660 2,716
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 1,238 924 — — —
’25 1,102 1,040 950 1,101 4,194
’24 873 759 973 992 3,597
’23 887 630 837 1,024 3,377
’22 776 600 634 957 2,966
’21 574 460 600 680 2,315
’20 714 950 263 590 2,518
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Price, $
Price, $ Low 81.87 113.27 143.68 161.05 131.80 177.51 166.58 166.55 190.70 224.62 +11.9% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 124.01 155.29 197.08 224.91 225.36 232.64 256.94 223.80 249.02 290.79 +9.9% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 2,700 2,830 4,590 4,360 4,370 3,480 3,460 3,565 3,760 3,875 +4.1% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 1.33 1.29 0.94 1.12 1.12 1.35 1.45 1.56 1.63 1.68 +2.6% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 3,595 3,645 4,309 4,868 4,884 4,690 5,019 5,579 6,130 6,521 +6.8% 7,087 7,455 7,900 +6.6%
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 0.0 pt
EBT 2,288 2,526 2,778 2,690 2,722 3,374 3,490 4,154 4,541 5,331 +9.9%
EBT margin, % 63.63 69.31 64.46 55.25 55.74 71.94 69.54 74.45 74.08 81.75 +18.1 pt
Net income 1,534 4,063 1,964 2,116 2,106 2,637 2,691 3,226 3,526 4,072 +11.5%
Depreciation 225 209 249 473 464 385 363 353 337 331 +4.4%
Per share, $
Per share, $ Revenue 10.65 10.76 12.59 13.63 13.65 13.09 13.99 15.54 17.06 18.13 +6.1%
Earnings 4.55 12.00 5.73 5.93 5.88 7.30 7.41 8.87 9.69 11.18 +10.5%
Cash flow 5.13 5.17 7.13 7.48 7.59 6.70 8.52 9.62 10.27 11.89 +9.8%
Capex (0.27) (0.24) (0.34) (0.69) (0.55) (0.25) (0.25) (0.21) (0.26) (0.23) (1.7%)
Free cash flow 4.86 4.93 6.79 6.80 7.04 6.46 8.27 9.41 10.01 11.66 +10.2%
Book value 60.27 66.17 75.85 73.24 73.66 76.46 74.93 74.47 73.70 79.88 +3.2%
Shares, m 337 339 342 357 358 358 359 359 359 360 +0.7%
Valuation, ×
Valuation, × P/E 25.20 12.08 32.77 33.91 30.96 31.21 22.80 23.59 23.97 24.43 26.1
P/S 10.74 13.46 14.94 14.73 13.34 17.46 12.07 13.46 13.61 15.06 13.9
P/B 1.90 2.19 2.48 2.74 2.47 2.99 2.25 2.81 3.15 3.42 2.6
EV/Sales 10.82 13.52 15.50 15.16 13.69 17.40 12.19 13.54 13.56 14.89 14.0
EV/FCF 23.71 29.52 28.73 30.40 26.54 35.26 20.64 22.36 23.12 23.15 26.3
Cash, $m
Cash, $m Operating cash flow 1,732 1,751 2,441 2,673 2,716 2,402 3,056 3,454 3,691 4,277 +10.6%
Capex (92) (82) (117) (246) (197) (88) (90) (76) (94) (83) (1.0%)
Free cash flow 1,640 1,669 2,324 2,427 2,518 2,315 2,966 3,377 3,597 4,194 +11.0%
Balance, $m
Balance, $m Working capital 1,086 1,234 614 1,045 1,086 1,363 1,391 1,473 720 5,063 +18.7%
Total debt 2,231 2,233 3,827 3,743 3,444 2,696 3,422 3,425 2,678 3,422 +4.9%
Net debt 279 239 2,379 2,109 1,710 (254) 606 402 (327) (1,120) n/m
Shareholders’ equity 20,341 22,412 25,965 26,159 26,352 27,399 26,879 26,738 26,487 28,728 +3.9%
Returns, %
Returns, % ROA 2.24 5.60 2.56 2.77 2.11 1.63 1.43 2.10 2.61 2.39 +0.2 pt
ROIC 6.67 6.38 5.75 5.72 5.87 6.09 6.86 7.91 9.39 9.57 +2.9 pt
ROE 7.50 19.01 8.11 8.12 8.02 9.74 9.79 11.88 13.08 14.56 +7.1 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by products and services, and margins
Clearing and transaction fees 5,281 80.99%
Market data and information services 803 12.32%
Other 436 6.69%
Gross margin 100.00%
Operating margin 64.86%
Pre-tax margin 81.75%

Revenue by segment since 2016

CME Group Inc. vs peers in Financial Data & Stock Exchanges (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SPGI S&P Global Inc. $133.6B 28.4× 28.2× +10.41% (above 0%: growing) +16.57% (above 0%: growing) +1.23% (above 0%: growing) 71.90% 43.70% Compare
CME CME Group Inc. $106.1B 25.5× 25.4× +0.84% (above 0%: growing) +2.85% (above 0%: growing) −11.21% (below 0%: shrinking) 100.00% 64.89%
ICE Intercontinental Exchange Inc. $91.1B 23.7× 22.7× +4.84% (above 0%: growing) +14.09% (above 0%: growing) +29.65% (above 0%: growing) 98.61% 52.18% Compare
MCO Moody's Corporation $84.3B 31.2× 30.3× +15.12% (above 0%: growing) +56.52% (above 0%: growing) +47.01% (above 0%: growing) 76.29% 47.87% Compare
NDAQ Nasdaq, Inc. $58.6B 30.7× 29.4× +20.51% (above 0%: growing) +13.92% (above 0%: growing) −7.71% (below 0%: shrinking) 59.24% 28.12% Compare
MSCI MSCI Inc $44.2B 34.1× 31.4× +12.20% (above 0%: growing) +19.90% (above 0%: growing) +8.19% (above 0%: growing) 82.71% 56.23% Compare
COIN Coinbase Global, Inc. $42.4B — (loss-making) — (loss-making) −18.51% (below 0%: shrinking) n/m +128.50% (above 0%: growing) 84.44% (9.30%) Compare
CBOE Cboe Global Markets, Inc. $32.8B 25.9× — +22.95% (above 0%: growing) +50.67% (above 0%: growing) −270.85% (below 0%: shrinking) 50.71% 32.99% Compare
TRU TransUnion $14.4B 20.2× 17.7× +14.91% (above 0%: growing) +33.93% (above 0%: growing) +42.65% (above 0%: growing) 58.41% 19.70% Compare
Median of peers $51.4B 28.4× 28.8× +13.56% +19.90% +18.92% 74.10% 38.35%

All 14 Financial Data & Stock Exchanges stocks →

Business profile

Updated

CME Group is a Chicago-headquartered financial-markets operator founded on 2007-07-12. Terrence A. Duffy is Chairman and Chief Executive Officer.

It runs exchanges where customers trade futures and options: standardized contracts used to hedge, speculate on or allocate capital around moves in interest rates, equity indexes, foreign exchange, agricultural commodities, energy, metals and cryptocurrencies. Its derivatives exchanges are CME, CBOT, NYMEX and COMEX. It also runs BrokerTec for cash fixed-income and repo trading, and EBS for spot and over-the-counter foreign-exchange trading.

Financial Analysis (summary)

Updated

CME Group reported revenue of $6.5 billion, net income of $4.1 billion and diluted EPS of $11.16 in FY2025. Revenue growth was 6.37% in FY2025 against FY2024, while diluted EPS growth was 15.4% in FY2025 against FY2024. Free cash flow was $4.2 billion in FY2025.

In Q2 FY2026, revenue was $1.7 billion, operating income was $1.1 billion and net income was $1.0 billion. Revenue rose 0.84% in Q2 FY2026 against Q2 FY2025, while diluted EPS rose 2.49%. Market capitalisation was $110.5 billion as of October 23, 2026.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Deutsche Bank Oct 14, 2026 Downgrade Hold —
TD Cowen Oct 14, 2026 Target raised — 300.00

Pay and ownership Proxy statement filed 23 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 23.39m 38.20m 181.29
2024 23.95m 26.81m 151.29
2023 23.47m 34.18m 131.06
2022 22.94m 12.47m 99.82
2021 22.92m 26.89m 129.46
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

CME Group Inc. (CME) Latest News

29 Oct

Impact 4 ·

28 Oct

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Impact 3 ·
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27 Oct

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26 Oct

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24 Oct

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23 Oct

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22 Oct

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21 Oct

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Impact 4 · transcript
Impact 4 · transcript
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CME metrics, ten years each

stockrow.com/CME · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com