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CME Group Inc.
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$99.2B
Market Cap
24.5
P/E
3.59
PEG
11.8%
ROCE
14.8%
ROE
0.13
D/E
65.5%
OPM
-11.2%
% from 52W High
64
α RS
🔍 CME is showing a high-conviction setup because it matches 7 of 39 tracked screener presets, RS Rating is 64, and it's within 11.2% of its 52-week high. Net: Broad signal stack, not a recommendation. ? Conviction RS Rating 52W High
Sources
Conviction 7/39 · RS Rating 64 · 11.2% from 52W high
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🌏 Global Investor Returns
Currency-adjusted total returns for CME including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

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.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding CME
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 90.0K $26.6M 0.03% Mar 2026
Jim Simons Renaissance Technologies LLC 34.8K $10.3M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Confident Specific → Stable 5 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$1.7B
+1% YoY
Adjusted Operating Income
$1.2B
Not stated
Adjusted Operating Margin
69.5%
Not stated
Adjusted Net Income
$1.1B
+1% YoY
What Went Right
  • Record Q2 revenue of $1.7B, second-highest all-time quarterly revenue
  • Market data revenue rose 20% to a record $238M
  • Daily margin efficiencies hit a record $95B per day
What to Watch
  • CFTC stayed 24/7 crude oil launch; management questioned regulatory consistency
  • Perpetual futures overhang persists, though no institutional demand seen
  • Market data included $7M of non-recurring audit payments, which may fluctuate
Management Guidance
  • No specific revenue guidance provided
  • No specific operating income or margin guidance provided
  • July volumes tracking 18% ahead of prior year; new products include 24/7 gold, Single Stock futures, Compute futures and Treasury Link
Investor Lens
The thesis is stronger after the call: CME delivered a record Q2 despite a tough April comp, with market data and margin efficiencies setting new highs. Management pushed back on the perpetual futures threat, pointing to 94% institutional volume and strong crypto futures growth. Regulatory friction on 24/7 crude is a near-term overhang, but new product launches and July volume momentum support continued growth. Overall, the diversified franchise looks well-positioned, though growth is more incremental than explosive.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Record Q2 revenue of $1.7B; perp threat dismissed by institutional demand
Revenue
Revenue rose 1% YoY to a record $1.7B for Q2, with clearing and transaction fees of $1.4B. Market data revenue grew 20% to $238M. Average rate per contract was $0.678, up $0.026 from Q1.
Profitability
Adjusted net income was $1.1B and adjusted diluted EPS was $2.99, up 1% YoY. GAAP net income was $1.0B and diluted EPS was $2.88.
Margins
Adjusted operating margin was 69.5%, and adjusted net income margin was 63.4%. Adjusted expenses were $521M, or $412M excluding license fees.
Balance Sheet
Cash stood at $2.3B, including $200M deposited with FICC, with debt of $3.4B. The company returned $1.2B to shareholders via $468M dividends and $695M buybacks.
Key Risks
Management flagged regulatory inconsistency as the CFTC stayed the 24/7 crude oil launch. Perpetual futures remain an overhang, though institutional clients have shown no demand. Non-recurring market data audit payments of $7M in Q2 may fluctuate.
Outlook
Q3 volume momentum is strong, with July to date up 18% YoY. The company is launching 24/7 gold, Single Stock futures, Compute futures and Treasury Link through 2026, but provided no formal guidance.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-22
Q2 2026 saw record revenue and strong growth in institutional and retail participation, with robust product innovation and capital efficiencies. Market data revenue surged, and new offerings like Single Stock futures and Treasury Link are set to drive further growth.
Q1 2026 Q1 2026 2026-04-22
Record Q1 2026 results featured all-time highs in volume, revenue, and profitability, with strong growth across all asset classes and regions. Major innovations included expanded cross-margining, cloud migration, and new product launches, while $3.2B was returned to shareholders.
Q4 2025 Q4 2025 2026-02-04
Record 2025 results included 6% revenue growth, 9% adjusted EPS growth, and all-time high trading volumes across asset classes. New product launches, expanded cross-margining, and ongoing tech investments position the firm for continued growth in 2026.
Q3 2025 Q3 2025 2025-10-22
Q3 2025 saw strong open interest and record crypto and market data volumes, despite a 3% revenue decline. Product innovation, international growth, and disciplined expense management drove robust margins and earnings, with capital deployment under review.
Q2 2025 Q2 2025 2025-07-23
Record Q2 2025 results featured 16% volume growth, all-time highs in revenue, and robust international and retail expansion. Strong demand for risk management, new product launches, and cost discipline drove double-digit earnings growth, with positive outlook and continued focus on efficiency.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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