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Mar 31, 2023

CME Group Q1 2023 Earnings Report

CME Group reported record adjusted net income and adjusted earnings per share, driven by a flight to futures amid global market risk management.

Key Takeaways

CME Group's Q1 2023 saw the highest quarterly adjusted net income and adjusted earnings per share ever, with revenue reaching $1.4 billion and operating income at $914 million. The company experienced a surge in trading volume, with total daily volume surpassing 25 million contracts 28 times during the quarter, including a new single-day volume record of 66.3 million contracts on March 13.

Achieved record adjusted net income and earnings per share.

Total daily volume surpassed 25 million contracts 28 times during the quarter.

Options and interest rate products experienced double-digit growth.

Non-U.S. ADV reached 7.2 million contracts.

Total Revenue
$1.44B
Previous year: $1.35B
+7.0%
EPS
$2.42
Previous year: $2.11
+14.7%
Average Daily Volume
26.87M
Previous year: 25.92M
+3.7%
Average Rate Per Contract
$0.664
Previous year: $0.644
+3.1%
Gross Profit
$1.24B
Previous year: $1.16B
+6.5%
Cash and Equivalents
$1.57B
Previous year: $2.05B
-23.5%
Free Cash Flow
$887M
Previous year: $776M
+14.4%
Total Assets
$166B
Previous year: $206B
-19.4%

CME Group

CME Group

CME Group Revenue by Segment

Forward Guidance

CME Group expects risk management to be increasingly important and remains focused on meeting clients’ needs in a volatile environment.

Revenue & Expenses

Visualization of income flow from segment revenue to net income