S&P 500
7,380.00
-0.28%
Dow Jones
51,729.00
-0.24%
Nasdaq 100
29,367.20
-0.55%
Russell 2000
2,968.18
-0.47%
FTSE 100
10,461.80
+0.10%
Nikkei 225
69,099.20
-0.32%
Live: Will FedEx Crush Q4 Earnings Tonight After the Market Closes?
CME Group

CME Q1 2026 Earnings

Reported Apr 22, 2026 at 7:13 AM ET · SEC Source

Q1 26 EPS

$3.36

MISS 0.55%

Est. $3.38

Q1 26 Revenue

$1.88B

MISS 1.50%

Est. $1.91B

vs S&P Since Q1 26

-16.5%

TRAILING MARKET

CME -13.4% vs S&P +3.1%

Market Reaction

Did CME Beat Earnings? Q1 2026 Results

CME Group posted a strong but fractionally disappointing first quarter of 2026, with adjusted diluted EPS of $3.36 narrowly missing the consensus estimate of $3.37 by 0.25%, even as revenue climbed 14.5% year-over-year to $1.88 billion. The quarter's… Read more CME Group posted a strong but fractionally disappointing first quarter of 2026, with adjusted diluted EPS of $3.36 narrowly missing the consensus estimate of $3.37 by 0.25%, even as revenue climbed 14.5% year-over-year to $1.88 billion. The quarter's defining driver was a 22% surge in average daily volume to 36.2 million contracts, with all six asset classes reaching quarterly highs and non-U.S. ADV rising 30%, reflecting the kind of volatility-driven demand that also lifted rivals like Intercontinental Exchange during the period. GAAP net income rose 20% to $1.15 billion, while clearing and transaction fees reached $1.54 billion, underpinning the top-line strength. The average rate per contract dipped to $0.65 from $0.69 a year earlier, as volume mix shifted toward higher-frequency, lower-fee products, compressing per-unit economics even as total fee revenue expanded. Looking ahead, CEO Terry Duffy signaled continued innovation, including plans to extend the company's FICC cross-margining agreement to end-user clients, a move aimed at deepening CME's role as a core risk management destination.

Key Takeaways

  • • Record Q1 average daily volume of 36.2 million contracts, up 22% YoY
  • • Records achieved in all six asset classes: interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals
  • • Non-U.S. ADV reached record 11.4 million contracts, up 30% YoY
  • • APAC ADV up 33% and EMEA ADV up 29%
  • • Clearing and transaction fees revenue rose to a record $1.5 billion
  • • Market data revenue reached a record $224 million
  • • Over $85 billion in average daily margin savings for clients

CME Forward Guidance & Outlook

CEO Terry Duffy emphasized that innovation remains central to CME Group's growth strategy. The company plans to extend its FICC cross-margining agreement to end-user clients, and will continue expanding the range of products and services to help clients manage risk and pursue opportunities in a rapidly evolving marketplace.

24/7 Wall St

CME YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

CME Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“In a world in which risk has become the new normal, 2026 is off to a record-breaking start as clients around the world turn to CME Group's trusted, regulated markets to hedge across asset classes and in all trading environments. Robust demand for our products drove Q1 average daily volume up 22% to a record 36.2 million contracts, including records in all six asset classes. This exceptional market participation translated directly into record financial performance, with revenue rising 14% and adjusted net income and diluted EPS increasing 20%. Efficiencies provided to our client base also hit a new high in Q1 with over $85 billion in average daily margin savings, and we're very pleased to further extend our FICC cross-margining agreement to end-user clients later this month. Looking ahead, innovation remains central to our growth strategy. We will continue to work closely with our clients as we expand the range of products and services we provide to help them manage risk and pursue opportunities in a rapidly evolving marketplace.”

— Terry Duffy, Q1 2026 Earnings Press Release

Back to CME Stock Page