CME Q4 2025 Earnings
Reported Feb 4, 2026 at 7:06 AM ET · SEC Source
Q4 25 EPS
$2.77
BEAT +1.00%
Est. $2.74
Q4 25 Revenue
$1.65B
BEAT +0.29%
Est. $1.64B
vs S&P Since Q4 25
-22.5%
TRAILING MARKET
CME -14.2% vs S&P +8.3%
Full Year 2025 Results
FY 25 EPS
$11.20
FY 25 Revenue
$6.52B
Market Reaction
Did CME Beat Earnings? Q4 2025 Results
CME Group capped fiscal 2025 on a strong note, posting fourth-quarter adjusted diluted EPS of $2.77, up from $2.52 a year earlier, as revenue of $1.65 billion made Q4 the second-highest quarterly revenue period in company history. The primary engine … Read more CME Group capped fiscal 2025 on a strong note, posting fourth-quarter adjusted diluted EPS of $2.77, up from $2.52 a year earlier, as revenue of $1.65 billion made Q4 the second-highest quarterly revenue period in company history. The primary engine behind the quarter was record Q4 average daily volume of 27.4 million contracts, up 7% from Q4 2024, with international momentum particularly notable as Asia volume climbed 18% and EMEA rose 6%, pushing non-U.S. ADV to 8.3 million contracts. Full-year revenue reached $6.52 billion, up 6% year-over-year, anchored by record market data revenue of $803.10 million. GAAP net income for the quarter improved sharply to $1.18 billion from $874.60 million, though results were shaped by $1.78 billion in investment income partially offset by $1.26 billion in other non-operating expense. Looking ahead, management pointed to U.S. Treasury clearing, 24/7 cryptocurrency trading, and prediction markets as growth vectors, alongside efforts to expand the $80 billion in average daily margin efficiencies the exchange delivered to market users in Q4.
Key Takeaways
- • Record annual average daily volume of 28.1 million contracts
- • 12% growth in commodities trading
- • 5% increase in financials trading
- • Record annual market data revenue of $803 million, up 13%
- • Non-U.S. ADV up 9% in Q4 with Asia up 18% and EMEA up 6%
- • Highest Q4 volume on record at 27.4 million contracts ADV
CME YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
CME Revenue by Segment
With YoY comparisons, source: SEC Filings
“Last year, CME Group delivered the best year in our history and our fourth consecutive year of record revenue, adjusted operating income, adjusted net income and adjusted earnings per share. In a risk-always-on environment, client demand for our products and services generated record average daily volume of 28.1 million contracts, including 12% growth in commodities trading and a 5% increase in financials. In Q4, we achieved the second-highest quarterly revenue in our history as well as the highest Q4 volume on record. Looking ahead, we're focused on further increasing the $80 billion in average daily margin efficiencies we provided our market users in Q4, as well as expanding access through initiatives such as U.S. Treasury clearing, 24/7 cryptocurrency trading and prediction markets.”
— Terry Duffy, Q4 2025 Earnings Press Release
CME Earnings Trends
CME vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CME EPS Trend
Earnings per share: estimate vs actual
CME Revenue Trend
Quarterly revenue: estimate vs actual
CME Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $3.38 | $3.36 | -0.55% | $1.88B | -1.50% |
| Q4 25 BEAT FY | $2.74 | $2.77 | +1.00% | $1.65B | +0.29% |
| FY Full Year | — | $11.20 | — | $6.52B | — |
| Q3 25 BEAT | $2.63 | $2.68 | +1.98% | $1.54B | +0.50% |
| Q2 25 BEAT | $2.92 | $2.96 | +1.45% | $1.69B | +0.55% |