Jun 2026 (Q2 FY26) — Jul 22, 2026
CME Group Q2 FY26 — Record Revenue and Strong Volume Amidst Perpetual Futures Debate
Read the full callCME Group (CME) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
CME Group earnings: last reported Wed, 22 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,706 | +0.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 64.9 | −1.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,042 | +1.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
5 of 9 judged targets kept · 13 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 24/7 trading of cryptocurrency futures and options | Offer | Sep 2025 | In the second quarter, we successfully introduced 24/7 trading of crypto futures. | Achieved |
| 24/7 trading of 1-ounce gold contract | Launch | Jun 2026 | And this weekend, we are launching 24/7 trading of our 1-ounce gold contract. | New |
4 of CME GROUP INC.'s 22 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 20 more targets are in the full ledger.
Claimed
- Q2 average daily volume (ADV) of 29.8 million contracts, marking the second highest Q2 in company history.
- Open interest ended the quarter up 8% year-over-year and 16% since the beginning of the year.
- Record Q2 revenue of over $1.7 billion, up 1% from Q2 2025.
- Market Data revenue achieved a record $238 million, up 20% year-over-year, marking 33 consecutive quarters of YoY growth.
- Adjusted diluted earnings per share (EPS) of $2.99, up 1% compared to Q2 2025.
- Returned $1.2 billion to shareholders during the quarter, comprising $468 million in dividends and $695 million in share repurchases.
Qualified
- The CFTC stayed the launch of CME's 24/7 crude oil contract, raising concerns about regulatory consistency and the policing of other 24/7 markets.
- Discussions surrounding perpetual futures have overshadowed business performance, with management expressing strong reservations about their suitability for institutional clients and potential systemic risk for broader equity markets.
Price
$293.53 −0.12% · −$0.34
Performance +9.6% 1Y
1Y: $267.94 on 17 Oct 2025 → $293.53. High $326.46 (2 Mar 2026), low $218.58 (29 Jun 2026).
- Previous close
- $293.87
- 52-week range
- $218.58 – $326.46
- One year
- +9.68%
Overview
- Symbol
- CME
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
5 of 9 judged targets kept · 13 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 24/7 trading of cryptocurrency futures and options | Offer | Sep 2025 | In the second quarter, we successfully introduced 24/7 trading of crypto futures. | Achieved |
| 24/7 trading of 1-ounce gold contract | Launch | Jun 2026 | And this weekend, we are launching 24/7 trading of our 1-ounce gold contract. | New |
Claimed
- Q2 average daily volume (ADV) of 29.8 million contracts, marking the second highest Q2 in company history.
- Open interest ended the quarter up 8% year-over-year and 16% since the beginning of the year.
- Record Q2 revenue of over $1.7 billion, up 1% from Q2 2025.
- Market Data revenue achieved a record $238 million, up 20% year-over-year, marking 33 consecutive quarters of YoY growth.
- Adjusted diluted earnings per share (EPS) of $2.99, up 1% compared to Q2 2025.
- Returned $1.2 billion to shareholders during the quarter, comprising $468 million in dividends and $695 million in share repurchases.
Qualified
- The CFTC stayed the launch of CME's 24/7 crude oil contract, raising concerns about regulatory consistency and the policing of other 24/7 markets.
- Discussions surrounding perpetual futures have overshadowed business performance, with management expressing strong reservations about their suitability for institutional clients and potential systemic risk for broader equity markets.
The full ledger
Open CME GROUP INC.’s full ledger
A free account opens 5 company ledgers a month. All 22 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 22, 2026
CME Group Q1 FY26 — Record 36.2M ADV with simultaneous volume records across all six asset classes
Read the full callDec 2025 (Q4 FY25) — Feb 4, 2026
CME Group Q4 FY25 — Record Volumes and Revenue Growth Driven by Diversified Offerings
Read the full callEvery analysed call
CME Group earnings calls (CME)
Financials
What the filings say
Net profit, year on year: +2% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,584 | 1,525 | 1,642 | 1,692 | 1,538 | 1,649 | 1,880 | 1,706 |
| Expenses | 560 | 578 | 534 | 563 | 565 | 629 | 570 | 599 |
| Operating profit | 1,024 | 947 | 1,108 | 1,129 | 973 | 1,020 | 1,310 | 1,107 |
| Operating margin | 64.6% | 62.1% | 67.5% | 66.7% | 63.3% | 61.8% | 69.7% | 64.9% |
| Other income | 153 | 150 | 137 | 201 | 204 | 559 | 201 | 221 |
| Profit before tax | 1,177 | 1,097 | 1,245 | 1,330 | 1,177 | 1,578 | 1,511 | 1,328 |
| Tax rate | 22.4% | 20.2% | 23.2% | 22.9% | 22.9% | 25.1% | 23.6% | 21.5% |
| Net profit | — | — | — | 1,025 | — | — | — | 1,042 |
| EPS ($ per share) | 2.51 | — | 2.63 | 2.81 | 2.49 | — | 3.25 | 2.89 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 4,855 | 5,009 | 4,996 | 5,152 | 4,747 | 4,455 | 4,186 | 6,433 |
| Total liabilities | 51,510 | 49,056 | 98,308 | 169,381 | 147,297 | 102,968 | 110,960 | 169,696 |
| Fixed assets | 449 | 544 | 579 | 505 | 456 | 410 | 386 | 363 |
| Investments | 73 | 83 | 101 | 115 | 96 | 112 | 113 | 125 |
| Total assets | 77,476 | 75,215 | 124,660 | 196,780 | 174,176 | 129,706 | 137,447 | 198,424 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,441 | 2,673 | 2,716 | 2,402 | 3,056 | 3,454 | 3,691 | 4,277 |
| Cash from investing | -1,890 | -153 | -175 | 58 | -490 | 21 | -83 | 1,499 |
| Cash from financing | -1,080 | -2,341 | 47,247 | 69,909 | -25,382 | -48,339 | 5,077 | 56,510 |
| Net cash flow | -529 | -2,199 | 49,787 | 72,370 | -22,815 | -44,865 | 8,684 | 62,285 |
| Capital expenditure | -117 | -246 | -197 | -127 | -90 | -76 | -94 | -83 |
| Free cash flow | 2,324 | 2,427 | 2,518 | 2,275 | 2,966 | 3,377 | 3,597 | 4,194 |
CME revenue by segment
Market Data grew from 11% to 14% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Clearingandtransactionfees | 82% | 81% | 81% | 82% | 80% | 81% | 82% | 79% | -2.6% |
| Market Data | 11% | 12% | 12% | 12% | 13% | 13% | 12% | 14% | +20.2% |
| Other Revenue | 7% | 7% | 7% | 6% | 7% | 7% | 6% | 7% | +9.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
CME operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|
| Average daily volume | 29.8MThe first quarter average daily volume of 29.8 million contracts not only was the highest quarterly ADV in CME Group's history, it also increased 13% compared to the same period last year.Source: earnings call transcript | 25.3MThe third quarter average daily volume of 25.3 million contracts represented the second highest third quarter average daily volume in our history, following the record quarter a year ago.Source: earnings call transcript | — | 36.2MThe first quarter average daily volume of 36.2 million contracts was the highest quarterly average daily volume in CME Group's history and represented an increase of 22% compared to the same period last year and 6 million contracts a day higher than any previous quarter.Source: earnings call transcript | 29.8MThe second quarter average daily volume of 29.8 million contracts represented the second highest Q2 in our history and was within 1% of our record second quarter a year ago with May and June, particularly strong following the tough April comparison.Source: earnings call transcript | -17.7% |
| Average daily volume International | 8.8MThis was also a record quarter for our International business, which averaged 8.8 million contracts per day, up 19% from the prior year.Source: earnings call transcript | — | — | 11.4MInternational average daily volume reached a record 11.4 million contracts, a stunning 30% increase in 2025.Source: earnings call transcript | — | — |
| Average rate per contract | $0.686The average rate per contract for the quarter was strong at $0.686, down 1% from the prior year on 13% volume growth, resulting in the highest quarterly clearing and transaction fees in our history of $1.3 billion, up 11% year-over-year.Source: earnings call transcript | $0.702The average rate per contract for the quarter was $0.702, resulting in clearing and transaction fees of $1.2 billion.Source: earnings call transcript | $0.707The average rate per contract for the quarter was $0.707, driving clearing and transaction fees of $1.3 billion, up 8% from last year.Source: earnings call transcript | $0.652The average rate per contract for the quarter was $0.652.Source: earnings call transcript | $0.678The average rate per contract for the quarter was $0.678, a $0.026 increase from Q1.Source: earnings call transcript | +4% |
| Average noncash collateral | $173BFor the quarter, our average cash balances were $79 billion, and we had average noncash collateral of $173 billion.Source: earnings call transcript | $156BOn noncash collateral, we averaged $156 billion, earning 10 basis points.Source: earnings call transcript | — | $171BThen on the noncash in Q1, we had $171 billion on average at that 10 basis points.Source: earnings call transcript | — | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
134 filings between Nov 3, 2025 and Sep 25, 2026.
Open market
decisions to buy or sellPurchases
$666.9K
7 purchases by 1 insider
Sales
$30.01M
17 sales by 10 insiders
6% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 45
- Award — granted as compensation
- 55
- Tax withheld — shares kept back by the company to cover tax
Also filed: 8 other filings, 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DUFFY TERRENCE A | — | $21.30M | Sep 10, 2026 |
| Sammann Derek | — | $1.98M | Nov 20, 2025 |
| Piell Hilda Harris | — | $1.75M | May 18, 2026 |
| Vroman Ken | — | $1.59M | Mar 12, 2026 |
| Durkin Bryan T | — | $1.30M | Feb 23, 2026 |
| Marcus Jonathan L | — | $1.03M | Mar 17, 2026 |
| SHEPARD WILLIAM R | $666.9K | — | Sep 25, 2026 |
| Cook Elizabeth A | — | $460.1K | Sep 14, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 25, 2026 | SHEPARD WILLIAM R Director | Purchase | 293 | $78.6K |
| Sep 16, 2026 | Dennis Michael G. Global Head of Fixed Income | Tax withheld | 274 | $74.7K |
| Sep 16, 2026 | Marchese John Clifford Sr MD, General Counsel | Tax withheld | 44 | $12.0K |
| Sep 16, 2026 | Winkler Julie Sr MD Chief Commercial Officer | Tax withheld | 359 | $97.8K |
| Sep 16, 2026 | Fitzpatrick Lynne President and CFO | Tax withheld | 359 | $97.8K |
| Sep 16, 2026 | Sammann Derek Sr MD Gl Hd Commodities Mkts | Tax withheld | 359 | $97.8K |
| Sep 16, 2026 | Cutinho Sunil Chief Information Officer | Tax withheld | 359 | $97.8K |
| Sep 16, 2026 | Sprague Suzanne COO & Global Head of Clearing | Tax withheld | 308 | $83.9K |
| Sep 16, 2026 | Tobin Jack J MD Chief Accounting Officer | Tax withheld | 51 | $13.9K |
| Sep 16, 2026 | McCourt Timothy Francis Sr MD Global Head Equity & FX | Tax withheld | 364 | $99.2K |
| Sep 16, 2026 | Vroman Ken Chief Transformation Officer | Tax withheld | 308 | $83.9K |
| Sep 15, 2026 | McCourt Timothy Francis Sr MD Global Head Equity & FX | Tax withheld | 302 | $83.1K |
| Sep 15, 2026 | Marchese John Clifford Sr MD, General Counsel | Award | 784 | $215.7K |
| Sep 15, 2026 | McCourt Timothy Francis Sr MD Global Head Equity & FX | Tax withheld | 330 | $90.8K |
| Sep 15, 2026 | Fitzpatrick Lynne President and CFO | Tax withheld | 457 | $125.7K |
| Sep 15, 2026 | Fitzpatrick Lynne President and CFO | Award | 4,088 | $1.12M |
| Sep 15, 2026 | Marchese John Clifford Sr MD, General Counsel | Tax withheld | 43 | $11.8K |
| Sep 15, 2026 | Marchese John Clifford Sr MD, General Counsel | Tax withheld | 57 | $15.7K |
| Sep 15, 2026 | Sprague Suzanne COO & Global Head of Clearing | Award | 2,864 | $787.9K |
| Sep 15, 2026 | Sprague Suzanne COO & Global Head of Clearing | Tax withheld | 275 | $75.6K |
| Sep 15, 2026 | Dennis Michael G. Global Head of Fixed Income | Tax withheld | 274 | $75.4K |
| Sep 15, 2026 | Sprague Suzanne COO & Global Head of Clearing | Tax withheld | 249 | $68.5K |
| Sep 15, 2026 | Sammann Derek Sr MD Gl Hd Commodities Mkts | Tax withheld | 320 | $88.0K |
| Sep 15, 2026 | Tobin Jack J MD Chief Accounting Officer | Tax withheld | 47 | $12.9K |
| Sep 15, 2026 | Fitzpatrick Lynne President and CFO | Tax withheld | 249 | $68.5K |
| Sep 15, 2026 | Fitzpatrick Lynne President and CFO | Tax withheld | 275 | $75.6K |
| Sep 15, 2026 | Tobin Jack J MD Chief Accounting Officer | Tax withheld | 44 | $12.1K |
| Sep 15, 2026 | McCourt Timothy Francis Sr MD Global Head Equity & FX | Award | 2,592 | $713.0K |
| Sep 15, 2026 | Vroman Ken Chief Transformation Officer | Tax withheld | 309 | $85.0K |
| Sep 15, 2026 | McCourt Timothy Francis Sr MD Global Head Equity & FX | Tax withheld | 338 | $93.0K |
| Sep 15, 2026 | Dennis Michael G. Global Head of Fixed Income | Award | 2,592 | $713.0K |
| Sep 15, 2026 | Sprague Suzanne COO & Global Head of Clearing | Tax withheld | 320 | $88.0K |
| Sep 15, 2026 | Winkler Julie Sr MD Chief Commercial Officer | Tax withheld | 320 | $88.0K |
| Sep 15, 2026 | Cutinho Sunil Chief Information Officer | Award | 2,864 | $787.9K |
| Sep 15, 2026 | DUFFY TERRENCE A Chairman and CEO | Award | 21,812 | $6.00M |
| Sep 15, 2026 | Winkler Julie Sr MD Chief Commercial Officer | Tax withheld | 373 | $102.6K |
| Sep 15, 2026 | Sammann Derek Sr MD Gl Hd Commodities Mkts | Tax withheld | 373 | $102.6K |
| Sep 15, 2026 | Winkler Julie Sr MD Chief Commercial Officer | Tax withheld | 361 | $99.3K |
| Sep 15, 2026 | Cutinho Sunil Chief Information Officer | Tax withheld | 373 | $102.6K |
| Sep 15, 2026 | Tobin Jack J MD Chief Accounting Officer | Tax withheld | 205 | $56.4K |
| Sep 15, 2026 | Vroman Ken Chief Transformation Officer | Tax withheld | 320 | $88.0K |
| Sep 15, 2026 | Vroman Ken Chief Transformation Officer | Award | 2,592 | $713.0K |
| Sep 15, 2026 | Vroman Ken Chief Transformation Officer | Tax withheld | 274 | $75.4K |
| Sep 15, 2026 | Tobin Jack J MD Chief Accounting Officer | Award | 700 | $192.6K |
| Sep 15, 2026 | Sammann Derek Sr MD Gl Hd Commodities Mkts | Award | 2,864 | $787.9K |
| Sep 15, 2026 | Cutinho Sunil Chief Information Officer | Tax withheld | 361 | $99.3K |
| Sep 15, 2026 | Cutinho Sunil Chief Information Officer | Tax withheld | 320 | $88.0K |
| Sep 15, 2026 | Winkler Julie Sr MD Chief Commercial Officer | Award | 2,864 | $787.9K |
| Sep 15, 2026 | Sammann Derek Sr MD Gl Hd Commodities Mkts | Tax withheld | 361 | $99.3K |
| Sep 15, 2026 | Marchese John Clifford Sr MD, General Counsel | Tax withheld | 47 | $12.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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