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Jun 30, 2024

CME Group Q2 2024 Earnings Report

CME Group achieved record revenue, adjusted net income, and adjusted EPS driven by increased risk management needs across all asset classes.

Key Takeaways

CME Group reported record revenue of $1.5 billion for Q2 2024, with operating income of $1.0 billion. Net income was $883 million, and diluted earnings per share were $2.42. Adjusted net income reached $932 million, with adjusted diluted earnings per share at $2.56. The company experienced year-over-year growth across all asset classes, with average daily volume (ADV) up 16% in commodities and 13% in financial markets.

Achieved record quarterly adjusted net income and earnings per share.

Reported the highest Q2 average daily volume (ADV) in company history at 26 million contracts.

Experienced year-over-year growth across every asset class.

U.S. Treasury products ADV increased 36% to 8.2 million contracts.

Total Revenue
$1.53B
Previous year: $1.36B
+12.7%
EPS
$2.56
Previous year: $2.3
+11.3%
Average Daily Volume
25.94M
Previous year: 22.86M
+13.5%
Average Rate Per Contract
$0.708
Previous year: $0.724
-2.2%
Gross Profit
$1.33B
Previous year: $1.15B
+15.0%
Cash and Equivalents
$1.79B
Previous year: $1.88B
-4.8%
Free Cash Flow
$759M
Previous year: $630M
+20.4%
Total Assets
$123B
Previous year: $151B
-18.5%

CME Group

CME Group

CME Group Revenue by Segment

Forward Guidance

CME Group will continue to focus on delivering capital efficiencies, bringing new products to market and creating additional value for its clients through its partnership with Google Cloud throughout the remainder of 2024.

Revenue & Expenses

Visualization of income flow from segment revenue to net income