FirmAtlas
Company handbook · CME · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
CME · CIK 1156375 · LATEST FILING: 10-Q JUN '26 · FILED JUL 24, 2026
CME GROUP INC.
$293.87
+4.41 (+1.52%)
Close, Oct 16, 2026 · 52-week $218–329
Last fiscal year
CME GROUP INC. reported revenue of $6.5B for the year ended Dec 31, 2025 (FY25), up 6.4% from FY24. Net income was $4.1B, operating cash flow $4.3B and free cash flow $4.2B. Source: 10-K filed Feb 26, 2026.
Market cap
$105.9B
P/E
24.6
EV/EBITDA
-13.4x
P/B
4.0
Div yield
3.85%
Revenue 1Y
6.4%/yr
EPS 1Y
15.4%/yr
Shares 1Y
+0.1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOTerrence A. Duffy
HQChicago, IL
AuditorErnst & Young LLP
Year endsDecember
Revenue by segment · FY25
Clearingandtransactionfees81%
Market Data12%
Other Revenue7%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
10.8%
6.8%
10.3%
11.9%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$7.7B deployed
Capex
$178M
2.3%
Dividends
$7.5B
97.7%
Operating cash flow over the period: $8.0B. Total debt changed by −$750M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
6,130
6,521+6.4%
6,773
YoY
+6.4%
Operating income
3,932
4,230+7.6%
4,409
Operating margin
64.1%
64.9%+0.7 pp
—
EBITDA
4,047
4,337+7.2%
—
EBITDA margin
66.0%
66.5%+0.5 pp
—
Interest expense
161
173+7.8%
—
Interest coverage
25.15x
25.01x−0.14x
—
Net income
3,526
4,072+15.5%
4,313
YoY
+15.5%
Net margin
57.5%
62.5%+4.9 pp
—
EPS (diluted, $)
9.67
11.16+15.4%
11.90
YoY
+15.4%
Balance sheet
Total assets
137,447
198,424+44.4%
194,677
Cash & short-term investments
101,907
164,204+61.1%
—
Accounts receivable
573
639+11.5%
—
Net PP&E
386
363−6.1%
—
Other assets
34,580
33,218−3.9%
—
Total liabilities
110,960
169,696+52.9%
168,156
Accounts payable
80
72−10.1%
—
Total debt
750
0−100.0%
46
Other liabilities
110,130
169,624+54.0%
—
Shareholders’ equity
26,487
28,728+8.5%
26,520
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
3,690
4,277+15.9%
4,309
Net income
3,526
4,072+15.5%
—
Depreciation & amortization
115
108−6.6%
—
Stock-based compensation
90
95+5.9%
—
Working capital & other
(40)
3n/m
—
Cash from investing
(83)
1,499n/m
—
Capex
(94)
(84)n/m
—
Investments bought
(4)
(6)n/m
—
Investments sold / matured
6
8+31.7%
—
Other investing
10
1,580+15863.6%
—
Cash from financing
5,076
56,510+1013.2%
—
Debt raised
0
741n/m
—
Dividends
(3,584)
(3,933)n/m
—
Other financing
8,661
59,702+589.3%
—
Net change in cash
8,684
62,285+617.2%
—
Free cash flow (OCF − capex)
3,596
4,194+16.6%
4,213
Where the cash went
Operating cash flow
3,690
4,277+15.9%
4,309
Reinvested in the business
94
84−11.2%
—
% of operating cash flow
2.5%
2.0%
Capex
94
84−11.2%
96
Free cash flow
3,596
4,194+16.6%
4,213
YoY
+16.6%
Returned to shareholders
3,584
3,933+9.7%
—
% of free cash flow
99.7%
93.8%
Dividends
3,584
3,933+9.7%
—
Change in total debt
—
(750)
—
Cash left over
—
(489)
—
FCF conversion (FCF ÷ net income)
102.0%
103.0%+1.0 pp
—
Owner earnings
—
4,022
—
Owner earnings margin
—
61.7%
—
Returns & ratios
ROIC (operating)
347.1%
357.1%+10.0 pp
—
Net debt / EBITDA
−25.00x
−37.86x−12.86x
—
Debt / equity
0.03x
0.00x−0.03x
—
ROE
13.3%
14.2%+0.9 pp
—
ROA
2.6%
2.1%−0.5 pp
—
ROCE
11.2%
11.1%−0.1 pp
—
NOPAT
3,052
3,231+5.9%
—
Invested capital (operating)
879
930+5.8%
—
Invested capital (all)
(74,671)
(135,476)n/m
—
Reinvestment rate
—
1.6%
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
1,538
1,649
1,880
1,706
vs year-ago quarter
Operating income
973
1,020
1,310
1,107
Net income
897
1,206
1,168
1,042
vs year-ago quarter
Net margin
58.3%
73.2%
62.1%
61.1%
EPS (diluted, $)
2.49
3.35
3.18
2.88
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
187,145
198,424
201,994
194,677
Cash & equivalents
151,494
164,204
167,433
160,259
Total debt
44
0
48
46
Shareholders’ equity
28,190
28,728
26,618
26,520
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
968
1,134
1,260
947
Capex
18
32
22
24
Free cash flow
950
1,101
1,238
923
vs year-ago quarter