CME · 10-Q · 2026Q2

CME GROUP INC.

Filed 2026-07-24 · Financials · View original filing on EDGAR

Ranked Events

• Liquidity and Debt PositionImportance 75 · Surprise 64
  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…
• Acquisition / Partnership / DivestitureImportance 63 · Surprise 50
  CME Group sold its OSTTRA joint venture during the fourth quarter of 2025. The sale reduced second-quarter 2026 equity in net earnings from unconsolidated subsidiaries because OSTTRA no longer contributed earnings.…
• Market Data DemandImportance 59 · Surprise 48
  Market data and information-services revenue increased to $238.1 million in the second quarter of 2026 from $198.1 million and to $462.2 million for the first six months from $392.6 million, representing approximately…
• Operating Margin DriversImportance 54 · Surprise 40
  Six-month operating margin increased to 67.4% from 67.1% year over year despite total expenses rising 7% to $1,169.5 million. Second-quarter operating margin declined to 64.9% from 66.7% as expenses increased $36.4…
• Google Cloud TransformationImportance 50 · Surprise 58
  CME Group continued its Google Cloud transformation project during the first six months of 2026. Technology support-services expense increased by $23.1 million, or approximately 17%, year over year, primarily because…
• Revenue Performance and MixImportance 49 · Surprise 32
  Six-month total revenue increased 8% year over year to $3,586.3 million from $3,334.3 million, while second-quarter revenue increased 1% to $1,706.2 million from $1,692.0 million. Six-month clearing and transaction fee…
• Market Demand TrendsImportance 48 · Surprise 40
  Aggregate average daily contract volume was 29.843 million in the second quarter of 2026, down 1% year over year, while six-month volume increased 10% to 33.011 million. Second-quarter interest-rate volume declined 6%,…
• Capital Return ProgramImportance 44 · Surprise 24
  CME Group maintains authorization to repurchase up to $3.0 billion of Class A common stock through open-market, block, privately negotiated and Rule 10b5-1 transactions. Repurchase timing and amounts remain subject to…
• Revenue Concentration RiskImportance 44 · Surprise 24
  One clearing firm represented at least 10% of CME Group’s clearing and transaction fees during the first six months of 2026. The two largest market-data resellers represented approximately 25% of market data and…
• Middle East Conflict ImpactImportance 41 · Surprise 60
  Heightened geopolitical conflict in the Middle East caused significant global economic uncertainty and supply disruptions during early 2026. The conflict increased volatility and contributed to higher first-half…
• Cash Markets DemandImportance 37 · Surprise 32
  Cash-markets transaction fees were $73.9 million in the second quarter and $150.5 million in the first six months of 2026, compared with $74.6 million and $145.6 million in the prior-year periods. BrokerTec…
• Income Tax Rate ChangesImportance 33 · Surprise 50
  The second-quarter effective tax rate decreased to 21.5% from 22.9% year over year. The rate reduction resulted from favorable settlements of state tax examinations. The six-month effective tax rate was 22.6%, compared…
• Interest Rate EnvironmentImportance 31 · Surprise 32
  Interest-rate contract volume declined in the second quarter of 2026 as market volatility decreased and participants had greater certainty regarding the Federal Reserve’s future policy decisions. First-half…
• FX / Currency HeadwindsImportance 25 · Surprise 32
  Foreign-exchange volumes declined in the second quarter and first six months of 2026 after volatility related to uncertainty over the United States’ tariff position subsided. The Middle East conflict temporarily…

Revenue by Product (in millions)