CME Q3 revenue rises double digits, beats analyst estimates

CME

21/10/2026 12:07

Overview
US derivatives marketplace's Q3 revenue grew double digits, beating analyst expectations
Company returned nearly $1 bln to shareholders via dividends and share repurchases
Q3 trading activity reached record average daily volume

Outlook
Company expects continued market volatility to drive client risk management activity
CME Group sees ongoing demand for risk management and capital efficiency solutions
Company highlights progress in cloud migration to expand client market access

Result Drivers
RECORD TRADING VOLUMES - Co said heightened market uncertainty drove clients to CME Group, resulting in record Q3 average daily volume and double-digit volume growth across all asset classes
MARKET DATA REVENUE - Market data revenue rose 20% to a record $243 mln in Q3, contributing to overall revenue growth
NEW PRODUCTS AND TECHNOLOGY - Co cited new product launches and progress in cloud migration as factors expanding client access and supporting results

Company press release: ID:nPn2cl8CHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.74 bln
$1.71 bln (13 Analysts)
Q3 EPS
 
$2.89
 
Q3 Net Income
 
$1.04 bln
 
Q3 EBIT
 
$1.14 bln
 
Q3 Pretax Profit
 
$1.35 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "buy."
Wall Street's median 12-month price target for CME Group Inc. is $300.00, about 1.6% above its October 20 closing price of $295.31
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Oct 20 - MSCI Q3 adj EPS rises, beats estimates
Oct 20 - Deutsche Boerse Q3 net profit rises 18%, raises outlook
Oct 19 - Tradeweb bolsters US corporate bond offerings with nearly $2 billion Trumid deal

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)