CME Group Inc.

CME

Financial ServicesLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

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. 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.

Valuation

Market Cap$92.5B

Current Price$244.68as of Jun 23, 2026

P/E Ratio22.72

P/B Ratio3.22

EV / EBITDA15.69

EV / Sales14.04

Profitability

Operating Margin64.9%

Net Profit Margin62.5%

EBITDA Margin89.5%

Returns

ROE14.2%

ROCE11.1%

ROIC %-

ROA2.1%

Solvency

Current Ratio1.03

Debt / Equity0.12

Debt / Assets0.02

CFO / Net Profit1.05

Price History▼ 10.26% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$6.5B▲ 6.4%

EBITDA$5.8B▲ 15.8%

Net Profit$4.1B▲ 15.5%

Cash from Ops (CFO)$4.3B▲ 15.9%

Free Cash Flow (FCF)$4.2B▲ 16.6%

Revenue CAGR 3Y9.1%

Revenue CAGR 5Y-

Net Profit CAGR 3Y14.8%

Net Profit CAGR 5Y-

Historical Growth

Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)

Year	Revenue	EBITDA	Net Profit	FCF	ROE	Rev Growth 1Y	NP Growth 1Y
2025	$6.5B	$5.8B	$4.1B	$4.2B	14.2%	6.4%	15.5%
2024	$6.1B	$5.0B	$3.5B	$3.6B	13.3%	9.9%	9.3%
2023	$5.6B	$4.7B	$3.2B	$3.4B	12.1%	11.1%	19.9%
2022	$5.0B	$4.0B	$2.7B	$3.0B	10.0%	-	-
2021	-	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	5,019.40	5,578.90	6,130.10	6,520.60
Operating Revenue	-	4,753.60	5,252.20	5,698.40	6,084.20
Cost Of Revenue	-	753.10	828.60	850.30	907
Gross Profit	-	4,266.30	4,750.30	5,279.80	5,613.60
Operating Expense	-	1,250.40	1,314.60	1,348.30	1,384.10
Selling General And Administration	-	137.40	144.40	132.70	150.50
Total Expenses	-	2,003.50	2,143.20	2,198.60	2,291.10
Operating Income	-	3,015.90	3,435.70	3,931.50	4,229.50
Total Operating Income As Reported	-	3,015.90	3,435.70	3,931.50	4,229.50
EBITDA	-	4,015.60	4,665.60	5,039.10	5,834.80
Normalized EBITDA	-	1,817.20	-609.70	960	98.30
EBIT	-	3,653	4,313	4,702.30	5,503.90
Interest Expense	-	162.70	159.40	160.90	173.40
Net Interest Income	-	-162.70	-159.40	-160.90	-173.40
Other Non Operating Income Expenses	-	-1,862.40	-4,694.90	-3,659.20	-4,833.80
Other Income Expense	-	637.10	877.30	770.80	1,274.40
Interest Expense Non Operating	-	162.70	159.40	160.90	173.40
Net Non Operating Interest Income Expense	-	-162.70	-159.40	-160.90	-173.40
Pretax Income	-	3,490.30	4,153.60	4,541.40	5,330.50
Tax Provision	-	799.30	927.40	1,015.60	1,258.30
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	503.45	1,177.85	913.72	1,353.81
Net Income Continuous Operations	-	2,691	3,226.20	3,525.80	4,072.20
Net Income From Continuing And Discontinued Operation	-	2,691	3,226.20	3,525.80	4,072.20
Net Income From Continuing Operation Net Minority Interest	-	2,691	3,226.20	3,525.80	4,072.20
Net Income	-	2,691	3,226.20	3,525.80	4,072.20
Net Income Common Stockholders	-	2,657.20	3,185.60	3,481.50	4,021
Net Income Including Noncontrolling Interests	-	2,691	3,226.20	3,525.80	4,072.20
Normalized Income	-	996.05	-871.25	360.42	-310.49
Diluted NI Availto Com Stockholders	-	2,657.20	3,185.60	3,481.50	4,021
Basic Average Shares	-	358.71	359.02	359.39	359.65
Diluted Average Shares	-	359.18	359.50	359.94	360.31
Reconciled Depreciation	-	362.60	352.60	336.80	330.90
Reconciled Cost Of Revenue	-	753.10	828.60	850.30	907
Total Unusual Items	-	2,198.40	5,275.30	4,079.10	5,736.50
Total Unusual Items Excluding Goodwill	-	2,198.40	5,275.30	4,079.10	5,736.50
Preferred Stock Dividends	-	38.90	44.20	47.70	22.90
Minority Interests	0.50	0	0	-	-
Gain On Sale Of Security	-	2,198.40	5,275.30	4,079.10	5,736.50
Depreciation Amortization Depletion Income Statement	-	362.60	352.60	336.80	330.90
Depreciation And Amortization In Income Statement	-	362.60	352.60	336.80	330.90
General And Administrative Expense	-	137.40	144.40	132.70	150.50
Other Gand A	-	137.40	144.40	132.70	150.50
Other Operating Expenses	-	750.40	817.60	878.80	902.70
Otherunder Preferred Stock Dividend	-	-5.10	-3.60	-3.40	28.30
Earnings From Equity Interest	-	301.10	296.90	350.90	371.70
Amortization	-	227.70	226.60	221.70	223.40
Amortization Of Intangibles Income Statement	-	227.70	226.60	221.70	223.40
Depreciation Income Statement	-	134.90	126	115.10	107.50

Peer Comparison

Financial Services sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
CME Group Inc.this co.	CME	$92.5B	22.72	3.22	14.2%	15.69
The Bank of New York Mellon Corporation	BK	$94.1B	16.97	2.38	14.1%	-
The PNC Financial Services Group, Inc.	PNC	$91.2B	13.87	1.51	10.9%	-
KKR & Co. Inc.	KKR	$89.0B	37.55	3.14	8.4%	12.45
U.S. Bancorp	USB	$86.0B	11.96

Learn while you research

Hand-picked academy chapters to deepen your understanding of CME Group Inc. and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Sector Analysis

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Year

Revenue

EBITDA

Net Profit

FCF

ROE

Rev Growth 1Y

NP Growth 1Y

2025

$6.5B

$5.8B

$4.1B

$4.2B

14.2%

6.4%

15.5%

2024

$6.1B

$5.0B

$3.5B

$3.6B

13.3%

9.9%

9.3%

2023

$5.6B

$4.7B

$3.2B

$3.4B

12.1%

11.1%

19.9%

2022

$5.0B

$4.0B

$2.7B

$3.0B

10.0%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

5,019.40

5,578.90

6,130.10

6,520.60

Operating Revenue

4,753.60

5,252.20

5,698.40

6,084.20

Cost Of Revenue

753.10

828.60

850.30

907

Gross Profit

4,266.30

4,750.30

5,279.80

5,613.60

Operating Expense

1,250.40

1,314.60

1,348.30

1,384.10

Selling General And Administration

137.40

144.40

132.70

150.50

Total Expenses

2,003.50

2,143.20

2,198.60

2,291.10

Operating Income

3,015.90

3,435.70

3,931.50

4,229.50

Total Operating Income As Reported

3,015.90

3,435.70

3,931.50

4,229.50

EBITDA

4,015.60

4,665.60

5,039.10

5,834.80

Normalized EBITDA

1,817.20

-609.70

960

98.30

EBIT

3,653

4,313

4,702.30

5,503.90

Interest Expense

162.70

159.40

160.90

173.40

Net Interest Income

-162.70

-159.40

-160.90

-173.40

Other Non Operating Income Expenses

-1,862.40

-4,694.90

-3,659.20

-4,833.80

Other Income Expense

637.10

877.30

770.80

1,274.40

Interest Expense Non Operating

162.70

159.40

160.90

173.40

Net Non Operating Interest Income Expense

-162.70

-159.40

-160.90

-173.40

Pretax Income

3,490.30

4,153.60

4,541.40

5,330.50

Tax Provision

799.30

927.40

1,015.60

1,258.30

Tax Rate For Calcs

Tax Effect Of Unusual Items

503.45

1,177.85

913.72

1,353.81

Net Income Continuous Operations

2,691

3,226.20

3,525.80

4,072.20

Net Income From Continuing And Discontinued Operation

2,691

3,226.20

3,525.80

4,072.20

Net Income From Continuing Operation Net Minority Interest

2,691

3,226.20

3,525.80

4,072.20

Net Income

2,691

3,226.20

3,525.80

4,072.20

Net Income Common Stockholders

2,657.20

3,185.60

3,481.50

4,021

Net Income Including Noncontrolling Interests

2,691

3,226.20

3,525.80

4,072.20

Normalized Income

996.05

-871.25

360.42

-310.49

Diluted NI Availto Com Stockholders

2,657.20

3,185.60

3,481.50

4,021

Basic Average Shares

358.71

359.02

359.39

359.65

Diluted Average Shares

359.18

359.50

359.94

360.31

Reconciled Depreciation

362.60

352.60

336.80

330.90

Reconciled Cost Of Revenue

753.10

828.60

850.30

907

Total Unusual Items

2,198.40

5,275.30

4,079.10

5,736.50

Total Unusual Items Excluding Goodwill

2,198.40

5,275.30

4,079.10

5,736.50

Preferred Stock Dividends

38.90

44.20

47.70

22.90

Minority Interests

0.50

Gain On Sale Of Security

2,198.40

5,275.30

4,079.10

5,736.50

Depreciation Amortization Depletion Income Statement

362.60

352.60

336.80

330.90

Depreciation And Amortization In Income Statement

362.60

352.60

336.80

330.90

General And Administrative Expense

137.40

144.40

132.70

150.50

Other Gand A

137.40

144.40

132.70

150.50

Other Operating Expenses

750.40

817.60

878.80

902.70

Otherunder Preferred Stock Dividend

-5.10

-3.60

-3.40

28.30

Earnings From Equity Interest

301.10

296.90

350.90

371.70

Amortization

227.70

226.60

221.70

223.40

Amortization Of Intangibles Income Statement

227.70

226.60

221.70

223.40

Depreciation Income Statement

134.90

126

115.10

107.50

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

CME Group Inc.this co.

CME

$92.5B

22.72

3.22

14.2%

15.69

The Bank of New York Mellon Corporation

$94.1B

16.97

2.38

14.1%

The PNC Financial Services Group, Inc.

PNC

$91.2B

13.87

1.51

10.9%

KKR & Co. Inc.

KKR

$89.0B

37.55

3.14

8.4%

12.45

U.S. Bancorp

USB

$86.0B

11.96

CME Group Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

CME Group Inc.

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on