TLDR
- CME Group reported Q3 2025 adjusted EPS of $2.68, beating estimates by 1.9%.
- Revenue slipped 2.9% year-over-year to $1.5 billion.
- Net income came in at $908 million, down slightly from $901 million in Q3 2024.
- Average daily volume hit 25.3 million contracts, down 10.4% YoY.
- Stock rose 1.40% to $272.36 amid solid earnings and stable profitability.
CME Group Inc. (CME) stock traded at $272.36, up 1.40%, after the company released its third-quarter 2025 results.
CME Group Inc., CME
The derivatives marketplace operator reported mixed financial results, with earnings exceeding expectations despite a slight decline in revenue compared to the prior year.
Earnings Performance
For Q3 2025, CME Group reported revenue of $1.5 billion, a 2.9% decrease year-over-year. The company’s net income fell to $908 million, or $2.49 per share, compared to $901 million, or $2.50 per share, a year ago. On an adjusted basis, earnings reached $2.68 per share, beating the Zacks Consensus Estimate of $2.63.
The performance reflected lower clearing and transaction fees and reduced trading volumes across major asset classes. However, the bottom line matched last year’s strong results due to cost control and resilient market activity.
CME Group, $CME, Q3-25 Results:
📊 Adj. EPS: $2.68 🔴
💰 Revenue: $1.5B 🟢
📈 Net Income: $908M
🔎 Continued strong demand across asset classes with record market data revenue and robust performance in crypto derivatives. pic.twitter.com/KGvlrQdBIM— EarningsTime (@Earnings_Time) October 22, 2025
Revenue Breakdown
Clearing and transaction fees contributed $1.2 billion, while market data revenue hit a record $203 million. The average rate per contract stood at $0.702, maintaining solid fee generation.
Despite lower volumes in energy, foreign exchange, equity indexes, and interest rate products, CME achieved its second-highest third-quarter ADV ever at 25.3 million contracts. CEO Terry Duffy highlighted that global clients continued to rely on CME’s markets amid persistent uncertainty, helping sustain profitability.
Financial and Balance Sheet Overview
Operating income for the quarter totaled $973 million, down 5% year-over-year, with total expenses increasing 0.8% to $565 million. As of September 30, 2025, CME held $2.6 billion in cash and $3.4 billion in debt.
The company paid $3.5 billion in dividends during the first nine months of 2025, bringing cumulative shareholder returns to over $29.5 billion since the start of its variable dividend policy in 2012.
Strategic Initiatives and Market Position
Duffy emphasized CME’s ongoing focus on efficiency, innovation, and expanded access for market participants. Key initiatives include the new FanDuel partnership and 24/7 cryptocurrency futures and options trading, signaling CME’s commitment to growth and diversification.
Performance Overview
As of October 22, 2025, CME stock has gained 18.95% year-to-date and 25.78% over the past year, outperforming the S&P 500’s 14.46% one-year return. Over five years, CME shares are up 104.20%, reflecting consistent value creation for investors despite short-term revenue pressures.