CME · Full Picture

CME GROUP INC. — the full picture

Earnings window · 2026-07-24 to 2026-11-09 · anchored on the 10-Q report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Liquidity and Debt Position · Debt, leverage & refinancingPriority 80
    -0.2% liability; 2 sources (news, sec_filing); 1 forward row(s); structured_verified
    To satisfy performance bond obligation with Singapore Exchange Limited, CME may pledge irrevocable standby letters of credit totaling $400.0 million at June 30, 2026 and maintains a $350.0 million line of credit to meet obligations under this agreement.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 78
    +66.9% operating_income (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    Q3 2026 revenue: $1.74 billion (13% year-on-year growth; 0.9% beat vs analyst estimates of $1.72 billion).
  3. Operating Margin Drivers · Operating income & profitabilityPriority 73
    +135.6% net_income (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    On an adjusted basis for Q3 2026, CME Group reported adjusted operating income of $1.2 billion, adjusted net income of $1.1 billion and adjusted diluted earnings per common share of $3.02.
  4. Trading Volume Growth · Demand, orders & backlogPriority 68
    4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    California State Teachers Retirement System increased its holdings in shares of CME Group Inc. by 21,954.4% during the second quarter and owned 131,243,023 shares after purchasing.
  5. Income Tax Rate Changes · TaxPriority 66
    -18.6% net_income (realized); 2 sources (press_release, sec_filing); quote_verified
    Income tax provision for the third quarter of 2026 was $317.9 million.
  6. Liquidity and Debt Position · UnclassifiedPriority 63
    +180.5% assets (realized); 2 sources (news, press_release); quote_verified
    Total current assets as of September 30, 2026 were $159,138.2 million.
  7. Net Income and EPS Performance · Operating income & profitabilityPriority 63
    +19.8% net_income (realized); quote_verified
    For the third quarter of 2026, net income was $1,036.9 million, compared with $908.0 million in 2025.
  8. Market Data Demand · Demand, orders & backlogPriority 58
    3 sources (news, press_release, sec_filing); quote_verified
    Market data and information services revenues increased in Q2 and first six months of 2026 compared with 2025 due to higher usage, increased demand by new customer segments, and price increases for certain products.
  9. Operating Expense Trends · Operating expenses (SG&A)Priority 58
    -6.0% operating_income (realized); 4 sources (news, press_release, sec_filing, transcript); quote_verified
    CME Group's total expenses were $595.9 million in the third quarter of 2026, compared with $565.0 million in 2025.
  10. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 52
    2 sources (news, sec_filing); quote_verified
    Equity in net earnings of unconsolidated subsidiaries increased in the first six months of 2026 due in part to higher income from S&P Dow Jones Indices LLC and was lower in Q2 2026 due to the sale of the OSTTRA joint venture in Q4 2025.
  11. Revenue Concentration Risk · Customers & concentrationPriority 51
    quote_verified
    The two largest resellers represented approximately 25% of CME Group's market data and information services revenue in the first nine months of 2026.
  12. Interest Rate Products · Interest ratesPriority 50
    2 sources (news, sec_filing); quote_verified
    The CME's Fed futures market raised the implied chances of a late-October Fed hike from around 22% to 54%.

Threads by pillar

Revenue & Demand Priority 91 · 9 threads

Costs & Margins Priority 84 · 4 threads

Capital & Balance Sheet Priority 88 · 5 threads

Strategy & Portfolio Priority 74 · 9 threads

Legal, Regulatory & Policy Priority 45 · 4 threads

Macro & Market Conditions Priority 67 · 9 threads

Management & Governance Priority 31 · 3 threads

Shareholders & Street Priority 30 · 1 thread

Unclassified Priority 83 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+1.5%+1.5%+0.1%
cash-0.7%+0.7%-1.7%
liability-0.2%+0.2%-86.2%
operating_income——+59.0%
assets——+181.9%
net_income——-86.8%