CME · 10-Q · 2026Q3

CME GROUP INC.

Filed 2026-10-23 · Financials · View original filing on EDGAR

Ranked Events

• Equity and Crypto ProductsImportance 63 · Surprise 64
  Equity index contract volumes increased in the third quarter and first nine months of 2026, which CME Group linked to skepticism about AI-related spending and uncertainty associated with the continuing Middle East…
• Energy Market DemandImportance 58 · Surprise 56
  Energy contract volumes increased in the third quarter and first nine months of 2026, which CME Group attributed to higher overall volatility and uncertainty in crude oil markets. The company cited disruption to…
• Revenue Concentration RiskImportance 50 · Surprise 24
  One individual clearing firm represented at least 10% of CME Group’s clearing and transaction fees in the first nine months of 2026. The two largest market-data resellers together represented approximately 25% of…
• Trading Volume GrowthImportance 49 · Surprise 32
  Average daily contract volume increased to 29.445 million in the third quarter of 2026 from 25.322 million in the prior-year quarter. CME Group attributed higher activity to persistent inflationary pressure,…
• Market Data Revenue GrowthImportance 49 · Surprise 48
  Market data and information services revenue increased to $243.1 million in the third quarter of 2026 from $202.5 million a year earlier, a 20.0% rise. Nine-month revenue grew to $705.3 million from $595.1 million, an…
• Revenue Performance and MixImportance 47 · Surprise 22
  Third-quarter 2026 total revenue was $1,737.3 million, up 13.0% from $1,537.6 million in the third quarter of 2025; nine-month revenue was $5,323.6 million, up 9.3% from $4,871.9 million. Clearing and transaction fees…
• Interest Rate ProductsImportance 38 · Surprise 24
  Interest rate contract volumes increased in the third quarter and first nine months of 2026, with activity across CME Group’s Treasury product suite supported by rising Treasury yields. The company attributed the…
• Operating Expense TrendsImportance 37 · Surprise 22
  Nine-month technology expense increased 15.8% to $240.8 million from $208.0 million, primarily because of increased third-party services supporting the Google Cloud transformation project. Licensing and other fee…
• Net Income and EPS PerformanceImportance 32 · Surprise 22
  Net income increased 14.2% to $1,036.9 million in the third quarter of 2026 from $908.0 million in the prior-year quarter. Nine-month net income increased 11.9% to $3,233.0 million from $2,889.3 million. Diluted…
• Middle East Conflict ImpactImportance 28 · Surprise 42
  The continuing geopolitical conflict in the Middle East caused significant supply disruptions and uncertainty in energy, agricultural commodities, metals, and equity markets during 2026. CME Group said the conflict…
• Foreign Exchange ProductsImportance 27 · Surprise 24
  Foreign exchange volumes increased in the third quarter and first nine months of 2026 despite relatively low foreign-exchange volatility. CME Group attributed the increases to monetary-policy interventions across major…
• Capital Return ProgramImportance 26 · Surprise 24
  CME Group maintained authorization to repurchase up to $3.0 billion of its outstanding Class A common stock through open-market, block, privately negotiated, or other transactions. At September 30, 2026, the maximum…
• Operating Margin PerformanceImportance 24 · Surprise 14
  Operating margin rose to 65.7% in the third quarter of 2026 from 63.3% in the third quarter of 2025, an increase of 2.4 percentage points. For the first nine months, operating margin increased to 66.8% from 65.9%, up…
• Interest Rate EnvironmentImportance 20 · Surprise 24
  CME Group reported persistent inflationary pressure in interest rate markets in 2026, which it believes prompted the Federal Reserve to raise interest rates for the first time in more than three years. The resulting…
• Market Data DemandImportance 20 · Surprise 24
  Market data and information services revenue increased in the third quarter and first nine months of 2026 compared with the same periods in 2025. CME Group attributed growth to higher usage of certain products,…
• Cash Markets DemandImportance 20 · Surprise 24
  Average daily notional values in CME Group’s cash markets business were higher in the third quarter and first nine months of 2026 than in the prior-year periods. The business includes BrokerTec fixed-income activity…
• Metals Business GrowthImportance 20 · Surprise 24
  Metals contract volumes increased in the third quarter and first nine months of 2026, driven primarily by heightened market volatility in early 2026. Geopolitical tensions supported precious-metals activity as market…
• Agricultural Market DemandImportance 20 · Surprise 24
  Overall agricultural commodity contract volumes increased in the third quarter and first nine months of 2026. CME Group attributed the increase to Russia-Ukraine conflict-related disruption to wheat supply routes and…
• Liquidity and Debt PositionImportance 15 · Surprise 46
  Cash and cash equivalents, excluding restricted cash, totaled $2.2 billion at September 30, 2026, down from $4.4 billion at December 31, 2025. Outstanding fixed-rate notes had aggregate par value of $3.45 billion, with…

Revenue by Product (in millions)