Companies /Financial Services

CME Group Inc - Class A

NASDAQ: CME Financial Data & Stock Exchanges
$280.94
▼ $0.04 (−0.01%) today
Markets closed · 8:34am ET

Q3 2025 Earnings

Reported Oct 22, 2025, 7:05am ET · SEC source
$2.68
Beat +1.98%
EPS · est. $2.63
$1.5B
Beat +0.50%
Revenue · est. $1.5B
+3.3%
Beating market
CME vs S&P since report
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Oct 22Oct 23report 7:05am ETearnings−0.0%+1.6%
0+2%Oct 22Oct 23earnings−0.0%+1.6%
CME +1.6%S&P 500 −0.0%
−2%0+2%Oct 22Oct 23report 7:05am ETearnings−0.1%+1.6%
−2%0+2%Oct 22Oct 23earnings−0.1%+1.6%
CME +1.6%NASDAQ −0.1%
−2%0+2%Oct 21Oct 30report 7:05am ETearnings+1.9%−2.1%
−2%0+2%Oct 21Oct 30earnings+1.9%−2.1%
CME −2.1%S&P 500 +1.9%
−3%0+3%Oct 21Oct 30report 7:05am ETearnings+3.3%−2.1%
−3%0+3%Oct 21Oct 30earnings+3.3%−2.1%
CME −2.1%NASDAQ +3.3%
−0.30%
Day of report
+0.41%
Next session
−2.34%
One week
+1.97%
30 days

S&P 500 over the same 30 days: −1.31%.

Did CME Beat Earnings? Q3 2025 Results

CME Group posted a modest earnings beat in the third quarter of 2025, with adjusted diluted EPS of $2.68 topping the $2.64 consensus estimate by 1.52%, even as total revenue slipped 3.0% year-over-year to $1.54 billion. The primary drag was a decline in clearing and transaction fees, which fell to $1.23 billion from $1.30 billion a year earlier, reflecting a drop in average daily volume to 25,322 thousand contracts from 28,289 thousand in Q3 2024, with interest rate and equity index products leading the pullback. A higher average rate per contract, rising to $0.70 from $0.67, helped cushion the blow, as did record market data revenue of $202.50 million. Looking ahead, CME is leaning into new growth vectors to rebuild momentum; a partnership with FanDuel and the launch of 24/7 cryptocurrency futures and options trading are central to that push, and early signs are encouraging, with October already delivering record average daily volumes driven by a surge in metals and cryptocurrency contracts.

Key Takeaways
  • Second-highest third-quarter ADV driven by global client demand across all asset classes
  • Record market data revenue of $203 million
  • Average rate per contract increased to $0.702 from $0.666 year-over-year
  • Ongoing global uncertainty driving risk management activity

“Global clients continued relying on CME Group markets across all asset classes as they sought to navigate risk and pursue opportunities amid ongoing uncertainty in Q3.”

CME Group CEO, on the earnings call

Forward Guidance & Outlook

CME Group is focused on delivering efficiencies, new products, and expanded access for market participants. Key forward-looking initiatives include a new partnership with FanDuel and the launch of 24/7 trading in cryptocurrency futures and options to broaden market access and drive growth.

CME YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$500.0M$1.0B$1.5B$1.6B$1.5BRevenue$1.0B$972.6MOperating Income$912.8M$908.0MNet Income
$0$500.0M$1.0B$1.5BRevenueOperating IncomeNet Income

CME Revenue by Segment

Clearing and Transaction Fees$1.2B
Market Data and Information Services$202.5M
Other Revenue

Figures from SEC filings and company reports. Not investment advice.