CME tops Q2 revenue, profit estimates on robust trading volumes
CME•Overview
- U.S. derivatives exchange operator's Q2 revenue beat analyst expectations
- Adjusted EPS for Q2 beat analyst expectations
- Company repurchased $695 mln in shares during Q2
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $1.71 bln | $1.69 bln (11 Analysts) |
| Q2 Adjusted EPS | Beat | $2.99 | $2.91 (13 Analysts) |
| Q2 EPS | $2.88 | ||
| Q2 Net Income | $1.04 bln | ||
| Q2 EBIT | $1.11 bln | ||
| Q2 Pretax Profit | $1.33 bln |
Result drivers
- Trading volumes - Record Q1 trading and second-highest Q2 volumes ever drove strong H1 performance, per CEO Terry Duffy
- Market data revenue - Market data revenue rose 20% to a record $238 mln in Q2
- New products - Company cited continued innovation with new tools and products to help clients manage risk and pursue opportunities
