Global derivatives marketplace offering diverse products across asset classes for risk management.
Profile & Fundamentals
CME Group: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
CME Group Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
Explore this pageJump to a Profile & Fundamentals section
Explore this research
Profile & Fundamentals contents
Jump directly to any section
Company and Market Context
Company Profile & Ownership
CME Group Inc., together with its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. It offers futures and options products based on interest rates, equity indexes, and foreign exchange; and agricultural, energy, and metals commodities, as well as fixed income and foreign currency trading services. The company provides clearing house services, including clearing, settling, and guaranteeing futures and options contracts, and cleared swaps products traded through its exchanges. In addition, the company offers a range of market data services, including real-time and historical data services. It serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. CME Group Inc. partners with FutureSports to futures on sports indexes. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. The company was founded in 1898 and is headquartered in Chicago, Illinois.
Company profile record
CME Group Inc
Common Stock · Financials · Financial Exchanges & Data
Company
- Company / asset
- CME Group Inc
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Financial Exchanges & Data
- HQ
- 🇺🇸 United States
- Head office
- 20 South Wacker Drive, Chicago, IL, United States, 60606
Leadership & scale
- Chief executive
- Mr. Terrence A. Duffy
- CEO year born
- 1958
- Full-time employees
- 3.9K
- Fiscal year end
- December
- IPO date
- 2002-12-06
Fundamentals snapshot
- Market Cap
- USD 97.9B
- P/E
- 22.9x
- Revenue (Q2 26)
- USD 1.7B
- Profit (Q2 26)
- USD 1.0B
- Dividend Yield
- 2.9%
- Revenue (FY 25)
- USD 6.5B
- Shares in public float
- 354.6M
- Insider ownership
- 0.44%
Reporting & identifiers
- Symbol
- CME.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US12572Q1058
- Asset ID
- equity_b5a5aa00-131e-545a-a75f-b3b4c341ef4d
Ownership
Shares Outstanding
Latest: 362.2M | Max: 362.2M | Min: 340.5M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
97.91%
354.6M latest reported shares
Insider Ownership
0.44%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 340,490,000 |
| 2018-01-01 | 352,132,000 |
| 2019-01-01 | 358,354,000 |
| 2020-01-01 | 358,612,000 |
| 2021-01-01 | 359,019,000 |
| 2022-01-01 | 359,190,000 |
| 2023-01-01 | 359,693,000 |
| 2024-01-01 | 360,050,000 |
| 2025-01-01 | 360,233,000 |
| 2026-01-01 | 362,233,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 31,448,257 | 8.75% | 2026-03-31 |
| Vanguard Capital Management, LLC | 23,367,282 | 6.5% | 2026-03-31 |
| State Street Corp | 16,055,287 | 4.47% | 2026-03-31 |
| JPMorgan Chase & Co | 12,209,761 | 3.4% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 11,515,653 | 3.2% | 2026-08-31 |
| Vanguard 500 Index Investor | 9,627,315 | 2.68% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 9,406,843 | 2.62% | 2026-03-31 |
| Geode Capital Management, LLC | 9,146,888 | 2.54% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 9,029,289 | 2.51% | 2026-03-31 |
| Capital World Investors | 6,822,315 | 1.9% | 2026-06-30 |
| Sanders Capital, LLC | 5,067,740 | 1.41% | 2026-06-30 |
| Bank of New York Mellon Corp | 4,832,596 | 1.34% | 2026-03-31 |
| iShares Core S&P 500 ETF | 4,825,522 | 1.34% | 2026-08-31 |
| NORGES BANK | 4,820,646 | 1.34% | 2026-06-30 |
| T. Rowe Price Associates, Inc. | 4,812,056 | 1.34% | 2026-03-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
The company's financial story shows tremendous cash conversion alongside a subtle shift in underlying revenue drivers. Trailing twelve-month revenue reached approximately $6.77 billion, producing $4.27 billion in net income and $4.21 billion in free cash flow. This reflects a business that converts nearly every dollar of operating profit directly into distributable cash, powered by steady demand for risk management across interest rates and energy complexes. However, headline volume records conceal a noticeable development: revenue growth slowed to less than one percent in recent quarters because trading activity is increasingly driven by smaller micro contracts that generate lower fees per trade. Furthermore, trailing earnings benefited from one-off asset disposal gains and tax items. Sustainable future earnings will depend on high-margin proprietary data sales and post-trade clearing fees rather than unconstrained volume growth alone.
The company's financial story shows tremendous cash conversion alongside a subtle shift in underlying revenue drivers. Trailing twelve-month revenue reached approximately $6.77 billion, producing $4.27 billion in net income and $4.21 billion in free cash flow. This reflects a business that converts nearly every dollar of operating profit directly into distributable cash, powered by steady demand for risk management across interest rates and energy complexes. However, headline volume records conceal a noticeable development: revenue growth slowed to less than one percent in recent quarters because trading activity is increasingly driven by smaller micro contracts that generate lower fees per trade. Furthermore, trailing earnings benefited from one-off asset disposal gains and tax items. Sustainable future earnings will depend on high-margin proprietary data sales and post-trade clearing fees rather than unconstrained volume growth alone.
Revenue, Net Income, and Free Cash Flow
Latest: USD 6.5B | Max: USD 6.5B | Min: USD 1.5B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 24x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profitability margins rank among the highest in corporate history, reflecting classic natural-monopoly economics. The business achieved an 86.1% gross margin and an operating margin near 65% in 2025, demonstrating that processing additional electronic trades costs virtually nothing once the matching platform is built. This fixed-cost leverage ensures that new business flows almost entirely to the bottom line. Nevertheless, operating margins face modest near-term ceilings. Increased technology spending for cloud deployment, rising specialized compensation, and defensive fee rebates offered to counter rival platforms have caused operating expenses to grow slightly faster than transaction revenue. Protecting these elite sixty-five percent margins over the long haul requires steady price realization on proprietary market data to balance out lower-priced micro trading contracts.
Profitability margins rank among the highest in corporate history, reflecting classic natural-monopoly economics. The business achieved an 86.1% gross margin and an operating margin near 65% in 2025, demonstrating that processing additional electronic trades costs virtually nothing once the matching platform is built. This fixed-cost leverage ensures that new business flows almost entirely to the bottom line. Nevertheless, operating margins face modest near-term ceilings. Increased technology spending for cloud deployment, rising specialized compensation, and defensive fee rebates offered to counter rival platforms have caused operating expenses to grow slightly faster than transaction revenue. Protecting these elite sixty-five percent margins over the long haul requires steady price realization on proprietary market data to balance out lower-priced micro trading contracts.
Profitability Margins
Latest: 86.1% | Max: >100.0% | Min: 42.7%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
86.1%
Gross profit / revenue
Operating Margin
64.9%
Operating income / revenue
Net Margin
62.0%
Net income / revenue
FCF Margin
64.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 3,595,200,000 | 1,534,100,000 | 1,624,200,000 |
| 2017-12-31 | 3,644,700,000 | 4,063,400,000 | 1,758,500,000 |
| 2018-12-31 | 4,309,400,000 | 1,962,200,000 | 2,324,100,000 |
| 2019-12-31 | 4,868,000,000 | 2,116,500,000 | 2,427,200,000 |
| 2020-12-31 | 4,883,600,000 | 2,105,200,000 | 2,518,100,000 |
| 2021-12-31 | 4,689,700,000 | 2,636,400,000 | 2,275,200,000 |
| 2022-12-31 | 5,019,400,000 | 2,691,000,000 | 2,966,300,000 |
| 2023-12-31 | 5,578,900,000 | 3,226,200,000 | 3,377,400,000 |
| 2024-12-31 | 6,130,100,000 | 3,525,800,000 | 3,596,500,000 |
| 2025-12-31 | 6,520,600,000 | 4,044,400,000 | 4,193,600,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 24.32 | Trailing four quarters |
| 2024-12-31 | 23.72 | Trailing four quarters |
| 2023-12-31 | 23.48 | Trailing four quarters |
| 2022-12-31 | 22.45 | Annual net income |
| 2021-12-31 | 31.11 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 84.89 | 61.21 | 42.67 | 45.18 |
| 2017-12-31 | 84.53 | 63.4 | 111.49 | 48.25 |
| 2018-12-31 | 84.4 | 60.51 | 45.53 | 53.93 |
| 2019-12-31 | 81.54 | 53.16 | 43.48 | 49.86 |
| 2020-12-31 | 82.46 | 54.01 | 43.11 | 51.56 |
| 2021-12-31 | 82.15 | 56.4 | 56.22 | 48.51 |
| 2022-12-31 | 85 | 60.08 | 53.61 | 59.1 |
| 2023-12-31 | 85.15 | 61.58 | 57.83 | 60.54 |
| 2024-12-31 | 86.13 | 64.13 | 57.52 | 58.67 |
| 2025-12-31 | 86.09 | 64.86 | 62.02 | 64.31 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
Complete Research Workspace
Unlock the complete Profile & Fundamentals
Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.