CME · 10-Q · 2026Q2 · Full report
Liquidity and Debt Position
CME GROUP INC. · 2026-07-24 · Importance 75 · Surprise 64 · In source text
Cash and cash equivalents, excluding restricted cash, declined to $2.1 billion at June 30, 2026 from $4.4 billion at December 31, 2025. CME Group had $3.45 billion of fixed-rate notes outstanding, consisting of maturities from June 2028 through June 2048, and no borrowings under its revolving facilities. General-purpose liquidity included a $2.3 billion multi-currency revolving senior credit facility maturing in April 2030, with approximately $2.3 billion of excess borrowing capacity at quarter-end. A separate secured clearing-house facility provided $7.0 billion of capacity, expandable to $10.0 billion, and CME Group remained in compliance with all debt covenants while maintaining S&P AA- and Moody’s Aa3 long-term ratings, both with stable outlooks.
Key facts
- 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. source
- CME Group maintains a 364-day multi-currency revolving secured credit facility providing borrowings of up to $7.0 billion, collateralizable by guaranty fund contributions; guaranty fund contributions available to collateralize the facility totaled $10.3 billion at June 30, 2026. source
- CME Group has the option to increase the 364-day facility from $7.0 billion to $10.0 billion with lender consent; no borrowings outstanding under this facility at June 30, 2026. source
- CME Group maintains a $2.3 billion multi-currency revolving senior credit facility that matures in April 2030 and can be increased to $3.3 billion with lender consent; no borrowings outstanding under this facility at June 30, 2026. source
- At June 30, 2026, excess borrowing capacity for general corporate purposes under the multi-currency revolving senior credit facility was approximately $2.3 billion. source
- Earnings from cash performance bond and guaranty fund contributions reinvested in the second quarter of 2026: $1,388.8 million. source
- Earnings from cash performance bond and guaranty fund contributions reinvested in the first six months of 2026: $2,759.8 million. source
- Expense related to distribution of interest earned on collateral reinvestments to clearing firms in the second quarter of 2026: $1,265.7 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -147.4% | Expense related to distribution of interest earned on collateral reinvestments to clearing firms in the first six months of 2026: $2,514.9… |
| net_income | negative | realized | -74.2% | Expense related to distribution of interest earned on collateral reinvestments to clearing firms in the second quarter of 2026: $1,265.7… |
| assets | positive | realized | +1.4% | Earnings from cash performance bond and guaranty fund contributions reinvested in the first six months of 2026: $2,759.8 million. |
| liability | negative | committed | -0.2% | To satisfy performance bond obligation with Singapore Exchange Limited, CME may pledge irrevocable standby letters of credit totaling… |
| net_income | positive | realized | — | Total investment income for the quarter ended June 30, 2026: $1,429.7 million. |
| liability | negative | realized | — | Par value of fixed rate notes due September 2043 with stated rate 5.30% outstanding at June 30, 2026: $750.0 million, with a… |
| cash | positive | realized | — | Cash flows from operating activities for the quarter ended June 30, 2026: $2,207.0 million. |
| net_income | positive | realized | — | Total non-operating income for the quarter ended June 30, 2026: $220.6 million and for the six months ended June 30, 2026: $421.8 million. |