CME Q3 revenue rises double digits, beats analyst estimates
CME•CME Group’s third-quarter revenue rose to $1.74 billion, beating the $1.71 billion analyst estimate. Record average daily trading volume and a 20% rise in market data revenue to $243 million contributed to results; the company returned nearly $1 billion to shareholders.
1. Revenue and trading activity
CME Group reported third-quarter revenue of $1.74 billion, above the $1.71 billion analyst consensus. Net income was $1.04 billion and earnings per share were $2.89. The company said average daily trading volume reached a record, with double-digit volume growth across all asset classes.
2. Market data and capital returns
Market data revenue rose 20% to a record $243 million. CME Group returned nearly $1 billion to shareholders through dividends and share repurchases.
3. Outlook and technology
CME Group expects continued market volatility to drive client risk management activity and cited ongoing demand for risk management and capital efficiency solutions. It also highlighted progress in cloud migration and new product launches as ways to expand client access.
