CME Group beats profit estimates as hedging demand lifts equity volumes

Revenue in its market data and information services segment increased to $238.1 million from $198.1 million.

The exchange's clearing and transaction fees, however, fell to $1.35 billion from $1.38 billion a year earlier. CME Group operates a vertically integrated model, owning its clearing house to capture fees across the trade lifecycle.

CME Group is the first major U.S. exchange to report second-quarter earnings, with Intercontinental Exchange and Cboe CBOE.K set to post their results next week.

Adjusted profit attributable to the common shareholders of the company came in at $1.08 billion, or $2.99 per share, for the three months ended June 30, compared with $1.07 billion, or $2.96 per share, in the year-ago period.

Analysts were expecting a profit of $2.91 per share, according to estimates compiled by LSEG.

The company's total ADV was down 1% from last year, largely as volumes in interest rate and energy contracts were down and that for metals trading was flat.

However, its ADV for equity indexes jumped 13% during the quarter, as investors showed interest in these products due to a 14.9% rise in the benchmark S&P 500 index .SPX.

Agricultural and cryptocurrency ADV also rose in the second quarter.

Shares of the exchange operator were up 1.1% in trading before the bell. The stock has shed nearly 13% so far in 2026, underperforming most of its major peers except New York Stock Exchange-parent Intercontinental Exchange ICE.N.

Derivatives exchange CME Group beat Wall Street estimates for second-quarter profit on Wednesday, as investors hedged their positions across products amid equity market volatility.