CME Group Inc.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 21 October 2026: press release. The quarter’s numbers.

Key takeaways

Revenue reached third-quarter record: Revenue was $1,737.3 million against $1,537.6 million a year earlier and $1,706.2 million in the second quarter. The company described it as the highest third-quarter revenue on record. Growth was 13.0%, computed from reported figures. Source
Adjusted diluted EPS rose to $3.02: Adjusted diluted EPS was $3.02 against $2.68 a year earlier. GAAP diluted EPS was $2.89 against $2.49. Adjusted net income was $1,083.9 million against $978.4 million. Source
Average daily volume hit third-quarter record: ADV was 29.4 million contracts (29,445 thousand), against 25.3 million a year earlier and 29.8 million in the second quarter. Trading days were 64 in both the third quarter of 2025 and 2026. Source
Market data revenue hit a record: Market data and information services revenue was $243.1 million, up 20% from $202.5 million. The company called it a record for the third quarter of 2026, after $238.1 million in the second quarter. Source
Licensing fees rose 28%: Licensing and other fee agreements expense was $104.2 million against $81.6 million a year earlier. Nine-month expense was $320.1 million against $274.4 million. Growth was 27.7%, computed from reported figures. Source
Uncertainty drove client activity: Management attributed record client activity in the quarter to intensifying uncertainty, with clients using CME Group to manage risk. Source
Nearly $1 billion returned to holders: The company returned about $989 million in the quarter: $465 million in regular quarterly dividends and $524 million in share repurchases. In the second quarter, dividends were about $468 million and repurchases $695 million. Source
Cloud-managed choice offered to clients: CME Group said it is the only exchange offering clients a choice of co-location and cloud-managed services, which it said will expand access to its markets. Source

“As uncertainty intensified in Q3, clients turned to CME Group in record numbers to manage risk and capitalize on opportunities,”
CME Group Chairman and Chief Executive Officer Terry Duffy

What changed from last quarter

New: Management said it launched several new products in the third quarter, and capital efficiencies reached a new high of $100 billion a day. Source
New: CME Group said it is the only exchange offering clients a choice of co-location and cloud-managed services, which it said will expand market access. Source

Results and growth drivers

Revenue reached third-quarter record: Revenue was $1,737.3 million against $1,537.6 million a year earlier and $1,706.2 million in the second quarter. The company described it as the highest third-quarter revenue on record. Growth was 13.0%, computed from reported figures. Source
Adjusted diluted EPS rose to $3.02: Adjusted diluted EPS was $3.02 against $2.68 a year earlier. GAAP diluted EPS was $2.89 against $2.49. Adjusted net income was $1,083.9 million against $978.4 million. Source
Operating income rose on both bases: GAAP operating income was $1,141.4 million against $972.6 million. Adjusted operating income was $1,205.5 million against $1,051.0 million. Nine-month adjusted operating income was $3,758.9 million. Source
Net income and nine-month totals rose: Net income was $1,036.9 million against $908.0 million. Nine-month net income was $3,233.0 million against $2,889.3 million, and nine-month diluted EPS was $8.96 against $7.92. Source
Investment income declined year on year: Investment income was $1,418.1 million against $1,548.7 million a year earlier, and $1,429.7 million in the second quarter. Other non-operating expense was $1,264.0 million. Source

Volumes by product and venue

Average daily volume hit third-quarter record: ADV was 29.4 million contracts (29,445 thousand), against 25.3 million a year earlier and 29.8 million in the second quarter. Trading days were 64 in both the third quarter of 2025 and 2026. Source
Double-digit growth in all six classes: Management said volume grew double digits across all six asset classes. Equity indexes rose most, to 7,714 thousand ADV from 6,278 thousand (+22.9%, computed). Interest rates were 15,121 thousand from 13,378 thousand. Source
Globex carried most volume: CME Globex ADV was 27,472 thousand, against 23,418 thousand in the third quarter of 2025. Globex was the largest of the three venues. Source

“With double-digit volume growth across all six asset classes, Q3 was our second highest quarter ever for revenue and adjusted net income.”
CME Group Chairman and Chief Executive Officer Terry Duffy

Clearing, market data and rate per contract

Clearing and transaction fees rose 12%: Clearing and transaction fees were $1,378.1 million against $1,227.9 million a year earlier and $1,352.5 million in the second quarter. Growth was 12.2%, computed from reported figures. Source
Market data revenue hit a record: Market data and information services revenue was $243.1 million, up 20% from $202.5 million. The company called it a record for the third quarter of 2026, after $238.1 million in the second quarter. Source
Average rate per contract eased: Average RPC was $0.679, against $0.702 a year earlier and $0.678 in the second quarter. Energy RPC was $1.146, agricultural $1.377, and interest rates $0.489. Source
Other revenue rose modestly: Other revenue was $116.1 million against $107.2 million a year earlier, and $115.6 million in the second quarter. Source

Costs and margins

Licensing fees rose 28%: Licensing and other fee agreements expense was $104.2 million against $81.6 million a year earlier. Nine-month expense was $320.1 million against $274.4 million. Growth was 27.7%, computed from reported figures. Source
Technology costs and total expenses rose: Total expenses were $595.9 million against $565.0 million. Technology expense was $80.9 million against $71.4 million, while compensation and benefits fell to $234.3 million from $237.6 million. Source
Adjusted expenses reconciled to GAAP: Adjusted total expenses were $531.8 million against $486.6 million. The reconciliation removes amortization of purchased intangibles and other items from GAAP expenses. Source
Deferred compensation offset in investment income: The adjusting table shows a deferred compensation change of 0.1 in the third quarter of 2026 and (6.1) in the third quarter of 2025. The company said the change does not affect net income because it is offset in investment income. Source
Income tax provision rose: Income tax provision was $317.9 million against $269.0 million a year earlier. Income before income taxes was $1,354.8 million against $1,177.0 million. Source

“We launched several innovative new products and generated a new high of $100 billion in average daily capital efficiencies.”
CME Group Chairman and Chief Executive Officer Terry Duffy

Demand and client activity

Uncertainty drove client activity: Management attributed record client activity in the quarter to intensifying uncertainty, with clients using CME Group to manage risk. Source
Non-U.S. volume at third-quarter high: Non-U.S. ADV reached a third-quarter high of 9 million contracts, against 9.1 million in the second quarter. Source
Privately negotiated volume grew: Privately negotiated ADV was 1,100 thousand, against 915 thousand a year earlier. Open outcry ADV was 872 thousand, against 989 thousand. Source

Capital, cash and returns to shareholders

Nearly $1 billion returned to holders: The company returned about $989 million in the quarter: $465 million in regular quarterly dividends and $524 million in share repurchases. In the second quarter, dividends were about $468 million and repurchases $695 million. Source
Cash and equivalents fell from year-end: Cash and cash equivalents were $2,198.5 million at September 30, against $4,416.9 million at December 31, 2025. The company reported $2.4 billion total cash, including $225 million deposited with Fixed Income Clearing Corporation, and $3.4 billion of debt. Source
Performance bonds down from June: Performance bonds and guaranty fund contributions were $155,179.7 million, against $158,110.7 million at June 30 and $159,656.1 million at December 31, 2025. Source
Diluted share count fell year on year: Diluted weighted average shares were 358.6 million, against 360.4 million a year earlier and 361.3 million in the second quarter. Preferred shares converted to Class A Common stock earlier in 2026. Source

Products and cloud migration

Product launches in third quarter: Management said it launched several innovative new products during the quarter, without naming them in the release. Source
Capital efficiency reached new high: Average daily capital efficiencies reached a new high of $100 billion, per management. Source
Cloud-managed choice offered to clients: CME Group said it is the only exchange offering clients a choice of co-location and cloud-managed services, which it said will expand access to its markets. Source

Coming up, as management said on 21 October 2026

Archived recording available later: An archived recording of the call will be available for up to two months after the call. Source

Figures management reported

Figure	Reported
Average daily volume (ADV) Source	29.4 million contracts
Non-U.S. ADV Source	9 million contracts
Average rate per contract Source	$0.679

Earlier plans management reported on

Not stated: Management said it made progress on the cloud migration. The release gives no status against a prior plan or date. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

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.

"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 transaction 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.

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As of September 30, 2026, the 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.

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Forward-looking statements notice

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	$1,036.9	$896.6	$3,234.2	$2,853.0
Net Income Attributable to Common Shareholders of CME Group - Diluted	$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	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.

	Quarter Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
CME Group Inc. and Subsidiaries
Reconciliation of Adjusted Operating Income
(dollars in millions)
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	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.

	Quarter Ended September 30,		Nine Months Ended September 30,
	2026	2025	2026	2025
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)
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	60.0	69.6	180.1	207.2
Strategic transaction-related costs (credits)	-	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	$1,083.9	$966.1	$3,386.4	$3,039.0
Adjusted Net Income Attributable to Common Shareholders of CME Group - Diluted	$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	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)

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)

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.

Contacts
Laurie Bischel, 312.292.1937 · news@cmegroup.com · cmegroup.mediaroom.com
Adam Minick, 312.340.8365 · investors@cmegroup.com · CME-G