CME集团8-K备案Q3 2026财报：营收17.4亿美元创三季度纪录、调整后EPS 3.02美元，小幅超预期但盘前下跌

----- cme-20261021.htm -----
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_________________________________________________________
FORM
8-K
_________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported)
October 21, 2026
_________________________________________________________
CME GROUP INC.
(Exact Name of Registrant as Specified in its Charter)
_________________________________________________________
Delaware
001-31553
36-4459170
(State or Other Jurisdiction
of Incorporation)
(Commission
File No.)
(IRS Employer
Identification No.)
20 South Wacker Drive
Chicago
Illinois
60606
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including area code: (
312
)
930-1000
N/A
(Former Name or Former Address, if Changed Since Last Report)
______________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol
Name of each exchange on which registered
Class A Common Stock
CME
Nasdaq
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405) of this chapter or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
☐
Item 2.02.
Results of Operations and Financial Condition.
The information set forth under “Item 2.02. Results Of Operations and Financial Condition,” including the Exhibit attached hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.
Attached and incorporated herein by reference as Exhibit 99.1 is a copy of a press release of CME Group Inc. dated October 21, 2026, reporting CME Group Inc.’s financial results for the quarter ended September 30, 2026.
To supplement CME Group’s financial statements on a GAAP basis, the attached press release includes financial measures that are not in accordance with GAAP, consisting of non-GAAP revenues, expenses, operating income, net income and earnings per share. Management believes that the presentation of non-GAAP revenues, expenses, operating income, net income and earnings per share provide important supplemental information to management and investors about financial and business trends relating to CME Group Inc.’s financial condition and results of operations. Management believes that the use of these non-GAAP financial measures provide a better measure of comparability with the Company’s prior financial reports. Management acknowledges that non-GAAP adjustments may include recurring items. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. Pursuant to the requirements of Regulation G, CME Group Inc. has included a reconciliation of the non-GAAP financial measures to the most directly comparable GAAP financial measures in the press release.
Item 9.01
Financial Statements and Exhibits.
Exhibit
Number
Description
99.1
Press Release, dated October 21, 2026.
104
The cover page from CME Group Inc.'s Current Report on Form 8-K, formatted in Inline XBRL.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CME Group Inc.
Registrant
Date: October 21, 2026
By:
/s/ Lynne Fitzpatrick
Name:
Title:
Lynne Fitzpatrick
Senior Managing Director, President and Chief Financial Officer
Principal Financial Offer and
Duly Authorized Officer

----- exhibit9919302026.htm -----
EX-99.1
2
exhibit9919302026.htm
EX-99.1
Document
Exhibit 99.1
Media contact
Investor contact
Laurie Bischel, 312.292.1937
Adam Minick, 312.340.8365
news@cmegroup.com
investors@cmegroup.com
cmegroup.mediaroom.com
CME-G
FOR IMMEDIATE RELEASE
CME Group Inc. Reports Highest Q3 Revenue on Record for Q3 2026
•
Double-digit revenue and net income growth
CHICAGO,
October 21, 2026 -
CME Group Inc. (NASDAQ: CME) today reported financial results for the third quarter of 2026.
The company reported revenue of $1.7 billion and operating income of $1.1 billion for the third quarter of 2026. Net income was $1.0 billion and diluted earnings per common share were $2.89. On an adjusted basis, operating income was $1.2 billion, net income was $1.1 billion and diluted earnings per common share were $3.02. Financial results presented on an adjusted basis for the third quarter of 2026 and 2025 exclude certain items, which are detailed in the reconciliation of non-GAAP results.
1
"As uncertainty intensified in Q3, clients turned to CME Group in record numbers to manage risk and capitalize on opportunities," said CME Group Chairman and Chief Executive Officer Terry Duffy. "Our average daily volume reached 29.4 million contracts, the highest Q3 ADV on record. With double-digit volume growth across all six asset classes, Q3 was our second highest quarter ever for revenue and adjusted net income. We launched several innovative new products and generated a new high of $100 billion in average daily capital efficiencies. We also made strong progress in our cloud migration, making CME Group the only exchange to offer clients the choice of both co-location and cloud-managed services to expand access to our markets for years to come."
Q3 2026 average daily volume (ADV) climbed to a third-quarter record of
29.4 million
contracts, and non-U.S. ADV reached a third-quarter high of
9 million
contracts.
Clearing and tr
ansaction fees revenue for third-quarter 2026 totaled $1.4 billion. The total average rate per contract was $0.679. Market data revenue totaled a record $243 million for third-quarter 2026, an increase of 20%.
1. A reconciliation of the non-GAAP financial results mentioned to the respective GAAP figures can be found within the Reconciliation of Adjusted Operating Income and Adjusted Net Income and Adjusted Earnings per Common Share charts at the end of the financial statements.
- more -
Page 2
As of September 30, 2026, th
e company had $2.4 billion in cash (including $225 million deposited with Fixed Income Clearing Corporation, which is included in other current assets) and $3.4 billion of debt. The company returned nearly $1 billion to shareholders during the quarter, with $465 million in regular quarterly dividends and $524 million in share repurchases
.
CME Group will hold a Q&A conference call to discuss third-quarter 2026 results at 8:30 a.m. Eastern Time today. A live audio webcast of the Q&A call will be available on the Investor Relations section of CME Group's website at
investor.cmegroup.com
under Events & Presentations. An archived recording will be available for up to two months after the call.
As the world's leading derivatives marketplace, CME Group (
www.cmegroup.com
) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on
interest rates
,
equity indexes
,
foreign exchange
,
cryptocurrencies
,
energy
,
agricultural products
and
metals
. The company offers futures and options on futures trading through the
CME Globex
platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.
- more -
Page 3
Statements in this press release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. We want to caution you not to place undue reliance on any forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the factors that might affect our performance are increasing competition by foreign and domestic entities, including increased competition from new entrants into our markets and consolidation of existing entities; our ability to keep pace with rapid technological developments, including our ability to complete the development, implementation and maintenance of the enhanced functionality required by our customers while maintaining reliability and ensuring that such technology is not vulnerable to security risks; our ability to continue introducing innovative and competitive new products and services on a timely, cost-effective basis, including through our electronic trading capabilities, and derive revenues that are commensurate with our efforts and expectations, and our ability to maintain the competitiveness of our existing products and services; our ability to adjust our fixed costs and expenses if our revenues decline; our ability to manage variable costs associated with CME Group’s transition to the Google Cloud, and minimize duplicative costs of maintaining both on-premise and Google Cloud environments during the transition; the resilience of our electronic platforms and the soundness of our business continuity and disaster recovery plans, including in the event of cyberattacks and cyberterrorism or as impacted by a failure of or disruption at one of our suppliers; our ability to maintain existing customers at substantially similar trading levels, develop strategic relationships and attract new customers; our ability to expand and globally offer our products and services; changes in regulations, including the impact of any changes in laws or government policies with respect to our products or services or our industry, such as any changes to regulations and policies that require increased financial and operational resources from us or our customers, as well as the impact of tariffs and tax policy changes, restrictions on our ability to offer CME Group products and services in specific geographies or to specific customers or limitations or changes in underlying/physical product flows across geographies; the costs associated with protecting our intellectual property rights and our ability to operate our business without violating the intellectual property rights of others; decreases in revenue from our market data as a result of decreased demand or changes to regulations in various jurisdictions; changes in our rate per contract due to shifts in the mix of the products traded, the trading venue and the mix of customers (whether the customer receives member or non-member fees or participates in one of our various incentive programs) and the impact of our tiered pricing structure; the ability of our credit and liquidity risk management practices to adequately protect us from the credit risks of clearing firms and other counterparties, and to satisfy the margin and liquidity requirements associated with the BrokerTec matched principal business; the ability of our compliance and risk management programs to effectively monitor and manage our risks, including our ability to prevent errors and misconduct and protect our infrastructure against security breaches and misappropriation of our intellectual property assets; our dependence on third-party providers and exposure to risk from third parties, including risks related to the performance, reliability and security of technology used by, or facilities provided by, our third-party providers and third-party providers that our clients and third-parties rely on; our reliance on third-party distribution partners, including independent software vendors, futures commission merchants, introducing brokers, broker-dealers, regulatory reporting and data distributors and platform operators, and other partners, for facilitating trading and for market data information, and potential impacts from changes in their business models and priorities; volatility in commodity, equity and fixed income prices, and price volatility of financial benchmarks and instruments such as interest rates, equity indices, fixed income instruments and foreign exchange rates; economic, social, political and market conditions, including new and existing geopolitical tensions or conflicts, the volatility of the capital and credit markets and the impact of economic conditions on the trading activity of our current and potential customers; our ability to accommodate increases in contract volume and market data and order transaction traffic across the entire trade cycle and the ability to implement enhancements meeting our regulatory obligations and customer needs without failure or degradation of the performance of our trading and clearing systems; our ability to execute our growth strategy and maintain our growth effectively; our ability to manage the risks, control the costs and achieve the synergies associated with our strategy for acquisitions, investments, alliances, strategic partnerships and joint ventures; variances in earnings on cash accounts and collateral that our clearing house holds; impact of CME Group pricing/fee level and structure and incentive changes; impact of aggregation services and internalization on trade flow and volumes; any negative financial impacts from changes to the terms of intellectual property and index rights; our ability to continue to generate funds and/or manage our indebtedness to allow us to continue to invest in our business; industry, channel partner and customer consolidation and/or concentration; decreases in trading and clearing activity; the imposition of a transaction tax or user fee on
futures and options transactions and/or repeal of the 60/40 tax treatment of such transactions; increases in effective tax rates, borrowing costs, or changes in tax policy; our ability to maintain our brand and reputation; and the unfavorable resolution of material legal proceedings. For a detailed discussion and additional information concerning these and other factors that might affect our performance, see our other recent periodic filings, including our Annual Report on Form 10-K for the year ended December 31, 2025, as filed with the Securities and Exchange Commission ("SEC") on February 26, 2026, under the caption "Risk Factors".
# # #
CME Group Inc. and Subsidiaries
Consolidated Balance Sheets
(in millions)
September 30, 2026
December 31, 2025
ASSETS
Current Assets:
Cash and cash equivalents
$
2,198.5
$
4,416.9
Marketable securities
131.0
125.0
Accounts receivable, net of allowance
788.1
639.2
Other current assets (includes $3.5 and $6.5 in restricted cash)
840.9
522.1
Performance bonds and guaranty fund contributions
155,179.7
159,656.1
Total current assets
159,138.2
165,359.3
Property, net of accumulated depreciation and amortization
338.7
362.7
Intangible assets—trading products
17,175.3
17,175.3
Intangible assets—other, net
2,440.1
2,610.7
Goodwill
10,505.9
10,514.7
Other assets
2,494.3
2,401.5
Total Assets
$
192,092.5
$
198,424.2
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable
$
67.7
$
71.8
Other current liabilities
865.5
568.8
Performance bonds and guaranty fund contributions
155,179.7
159,656.1
Total current liabilities
156,112.9
160,296.7
Long-term debt
3,425.1
3,422.3
Deferred income tax liabilities, net
5,208.6
5,242.2
Other liabilities
785.6
734.8
Total Liabilities
165,532.2
169,696.0
Total CME Group Shareholders’ Equity
26,560.3
28,728.2
Total Liabilities and Equity
$
192,092.5
$
198,424.2
CME Group Inc. and Subsidiaries
Consolidated Statements of Income
(dollars in millions, except per share amounts; shares in thousands)
Quarter Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Revenues
Clearing and transaction fees
$
1,378.1
$
1,227.9
$
4,273.2
$
3,953.2
Market data and information services
243.1
202.5
705.3
595.1
Other
116.1
107.2
345.1
323.6
Total Revenues
1,737.3
1,537.6
5,323.6
4,871.9
Expenses
Compensation and benefits
234.3
237.6
690.8
665.9
Technology
80.9
71.4
240.8
208.0
Professional fees and outside services
31.1
36.7
88.4
102.6
Amortization of purchased intangibles
56.0
56.2
168.1
167.5
Depreciation and amortization
27.4
26.4
82.8
81.0
Licensing and other fee agreements
104.2
81.6
320.1
274.4
Other
62.0
55.1
174.4
162.6
Total Expenses
595.9
565.0
1,765.4
1,662.0
Operating Income
1,141.4
972.6
3,558.2
3,209.9
Non-Operating Income (Expense)
Investment income
1,418.1
1,548.7
4,237.1
3,959.8
Interest and other borrowing costs
(43.5)
(44.0)
(130.7)
(129.7)
Equity in net earnings of unconsolidated subsidiaries
102.8
96.3
302.9
283.5
Other non-operating income (expense)
(1,264.0)
(1,396.6)
(3,774.1)
(3,571.4)
Total Non-Operating Income (Expense)
213.4
204.4
635.2
542.2
Income before Income Taxes
1,354.8
1,177.0
4,193.4
3,752.1
Income tax provision
317.9
269.0
960.4
862.8
Net Income
$
1,036.9
$
908.0
$
3,233.0
$
2,889.3
Net Income Attributable to Common Shareholders of CME Group - Basic
(1)
$
1,036.9
$
896.6
$
3,234.2
$
2,853.0
Net Income Attributable to Common Shareholders of CME Group - Diluted
(1)
$
1,036.9
$
896.6
$
3,233.0
$
2,853.0
Earnings per Share Attributable to Common Shareholders of CME Group:
Basic
$
2.90
$
2.49
$
9.00
$
7.93
Diluted
2.89
2.49
8.96
7.92
Weighted Average Number of Common Shares:
Basic
358,019
359,686
359,336
359,653
Diluted
(2)
358,641
360,422
361,018
360,330
1. The difference between Net Income and Net Income Attributable to Common Shareholders of CME Group - Basic and Diluted is the result of the distribution of earnings allocated to preferred shares.
2. Preferred shares of 4,584,000 were all converted to Class A Common stock on March 5, 2026 with their weighted-average impact included in the Diluted shares starting in the first quarter of 2026.
CME Group Inc. and Subsidiaries
Reconciliation of Adjusted Operating Income
(dollars in millions)
Quarter Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Total Revenues
$
1,737.3
$
1,537.6
$
5,323.6
$
4,871.9
Adjusted Total Revenues
$
1,737.3
$
1,537.6
$
5,323.6
$
4,871.9
Total Expenses
$
595.9
$
565.0
$
1,765.4
$
1,662.0
Restructuring and severance
(5.4)
(6.5)
(15.4)
(9.0)
Deferred compensation
(1)
0.1
(6.1)
(11.5)
(11.6)
Amortization of purchased intangibles
(56.0)
(56.2)
(168.1)
(167.5)
Strategic transaction-related (costs) credits
(0.7)
(1.2)
(2.3)
(4.0)
Real estate-related (costs) credits
(0.7)
(0.7)
(0.7)
7.4
Foreign exchange transaction gains (losses)
(1.4)
0.8
(0.8)
(5.1)
Unrealized and realized gains (losses) on assets
—
—
—
(0.4)
Litigation matters or settlements
—
(8.5)
(1.9)
(19.4)
Adjusted Total Expenses
$
531.8
$
486.6
$
1,564.7
$
1,452.4
Operating Income
$
1,141.4
$
972.6
$
3,558.2
$
3,209.9
Adjusted Operating Income
$
1,205.5
$
1,051.0
$
3,758.9
$
3,419.5
1. Includes $0.1 million and $11.5 million for changes in our non-qualified deferred compensation liability in the third quarter and first nine months of 2026. This impact does not affect net income and adjusted net income, because the compensation and benefits change has an equal and offsetting change in investment income.
CME Group Inc. and Subsidiaries
Reconciliation of Adjusted Net Income and Adjusted Earnings per Common Share
(dollars in millions, except per share amounts; shares in thousands)
Quarter Ended
September 30,
Nine Months Ended
September 30,
2026
2025
2026
2025
Net Income
$
1,036.9
$
908.0
$
3,233.0
$
2,889.3
Restructuring and severance
5.4
6.5
15.4
9.0
Amortization of purchased intangibles
(1)
60.0
69.6
180.1
207.2
Strategic transaction-related costs (credits)
(2)
—
3.7
0.4
6.5
Real estate-related costs (credits)
0.7
0.7
0.7
(7.4)
Foreign exchange transaction (gains) losses
1.4
(0.8)
0.8
5.1
Unrealized and realized (gains) losses on investments
0.1
(0.4)
19.1
6.1
Unrealized and realized (gains) losses on assets
—
—
—
0.4
Litigation matters or settlements
—
8.5
1.9
19.4
Income tax effect related to above
(16.3)
(18.2)
(52.6)
(49.8)
Other income tax items
(4.3)
0.8
(13.1)
(8.1)
Adjusted Net Income
$
1,083.9
$
978.4
$
3,385.7
$
3,077.7
Adjusted Net Income Attributable to Common Shareholders of CME Group - Basic
(3)
$
1,083.9
$
966.1
$
3,386.4
$
3,039.0
Adjusted Net Income Attributable to Common Shareholders of CME Group - Diluted
(3)
$
1,083.9
$
966.1
$
3,385.7
$
3,039.0
Earnings per Share Attributable to Common Shareholders of CME Group:
Basic
$
2.90
$
2.49
$
9.00
$
7.93
Diluted
2.89
2.49
8.96
7.92
Adjusted Earnings per Share Attributable to Common Shareholders of CME Group:
Basic
$
3.03
$
2.69
$
9.42
$
8.45
Diluted
3.02
2.68
9.38
8.43
Weighted Average Number of Common Shares:
Basic
358,019
359,686
359,336
359,653
Diluted
(4)
358,641
360,422
361,018
360,330
1. Includes $2.6 million and $7.8 million of amortization of purchased intangibles at S&P Dow Jones Indices LLC and $1.4 million and $4.2 million of amortization of purchased intangibles at FanDuel Prediction Markets Holdings LLC in the third quarter and first nine months of 2026. This is reported in Equity in net earnings of unconsolidated subsidiaries on the Consolidated Statements of Income.
2. The values shown above may differ from what is shown in the Reconciliation of Adjusted Operating Income as
that schedule does not include adjustment items or portions of items included in non-operating results.
3. The difference between Adjusted Net Income and Adjusted Net Income Attributable to Common Shareholders of CME Group - Basic and Diluted is the result of the distribution of earnings allocated to preferred shares.
4. Preferred shares of 4,584,000 were all converted to Class A Common stock on March 5, 2026 with their weighted-average impact included in the Diluted shares starting in the first quarter of 2026.
CME Group Inc. and Subsidiaries
Quarterly Operating Statistics
3Q 2025
4Q 2025
1Q 2026
2Q 2026
3Q 2026
Trading Days
64
64
61
62
64
Quarterly Average Daily Volume (ADV)
(1)
CME Group ADV (in thousands)
Product Line
3Q 2025
4Q 2025
1Q 2026
2Q 2026
3Q 2026
Interest rates
13,378
13,010
18,674
14,532
15,121
Equity indexes
6,278
7,738
8,655
8,633
7,714
Foreign exchange
834
853
1,193
989
988
Energy
2,295
2,523
3,985
2,667
2,665
Agricultural commodities
1,712
1,787
2,042
2,080
2,022
Metals
825
1,441
1,682
941
935
Total
25,322
27,353
36,231
29,843
29,445
Venue
CME Globex
23,418
25,542
33,633
27,935
27,472
Open outcry
989
816
1,241
830
872
Privately negotiated
915
995
1,357
1,078
1,100
Total
25,322
27,353
36,231
29,843
29,445
Quarterly Average Rate Per Contract (RPC)
(1)
CME Group RPC
Product Line
3Q 2025
4Q 2025
1Q 2026
2Q 2026
3Q 2026
Interest rates
$
0.487
$
0.486
$
0.457
$
0.480
$
0.489
Equity indexes
0.652
0.611
0.597
0.605
0.605
Foreign exchange
0.841
0.847
0.780
0.813
0.852
Energy
1.214
1.245
1.084
1.131
1.146
Agricultural commodities
1.423
1.427
1.344
1.426
1.377
Metals
1.505
1.295
1.153
1.315
1.326
Average RPC
$
0.702
$
0.707
$
0.652
$
0.678
$
0.679
1. ADV and RPC includes futures and options on futures only.