CME Group (CME) reported second-quarter 2024 adjusted earnings per share of $2.56, which beat the Zacks Consensus Estimate by 2%. The bottom line increased 11.3% year over year. Quarterly results benefited from a record in trading volumes. Average daily volume increased in its six asset classes with average daily volume (ADV) up 16% in commodities and 13% in financial markets. Shares gained 1.2% in the pre-market trading session to reflect the outperformance. CME Group Inc. Price, Consensus and EPS Surprise ...

Financial Data and Key Metrics Changes - The company reported record quarterly revenue of over $1.5 billion, up 13% from the same quarter last year [90] - Average daily volume (ADV) increased 14% year-over-year to 25.9 million contracts, marking the highest Q2 ADV in history [66][87] - Adjusted net income reached $932 million, with earnings per share at $2.56, both up 11% from the previous year [91] Business Line Data and Key Metrics Changes - The physical commodities portfolio generated record revenue year-to-date in 2024, up 16% year-over-year to over $836 million, representing 34% of clearing and transaction fees [32] - Energy volumes increased by 16% to 2.4 million contracts, with WTI futures volume up 42% from European customers [102] - The metals segment saw a significant increase, with options volume up 54% and overall metals volume up 42% [145] Market Data and Key Metrics Changes - Non-US ADV grew 23% year-over-year to 7.8 million contracts, contributing to the overall ADV growth [66] - The company experienced a 20% increase in foreign exchange ADV compared to Q2 last year [87] - The company reported a 52% increase in trading days above 25 million contracts in the first half of the year [71] Company Strategy and Development Direction - The company is focused on enhancing customer efficiencies and risk management tools, including a partnership with Google Cloud to leverage AI capabilities [68][114] - The strategy includes a bottoms-up approach to pricing, emphasizing value-add rather than arbitrary price increases [9][10] - The company is preparing for market migration and has committed to providing at least 18 months' notice before any changes [13] Management's Comments on Operating Environment and Future Outlook - Management highlighted the growing need for risk management products amid geopolitical uncertainties, including the US political landscape and ongoing global conflicts [20][119] - The company remains optimistic about future growth, citing strong demand across all asset classes and a robust pipeline of new clients [66][145] - Management acknowledged the pressure on stock performance despite record results, indicating ongoing reviews of capital allocation strategies [159] Other Important Information - The company has returned over $25 billion to shareholders through dividends since implementing its variable dividend policy in 2012 [71] - Capital expenditures for the second quarter were approximately $17 million, with cash reserves at around $2 billion [71] - The company is in the process of migrating its core business to the cloud, having received approval from the CFTC for cloud-based clearing [137] Q&A Session Summary Question: Can you elaborate on the $20 billion daily margin savings? - Management confirmed that the savings have reached a record high of nearly $1 billion, with ongoing efforts to provide efficiencies to indirect participants [21][23] Question: How are pricing increases tracking this year? - Management indicated that they are on track with their guidance of 1.5% to 2% for clearing and transaction fees and 3% to 5% for market data revenues [98][122] Question: What impact do you foresee from the upcoming elections? - Management noted that regardless of the election outcome, market volatility will remain a significant factor, necessitating effective risk management [118][119] Question: How is the company addressing competition? - Management emphasized their strong position in the market, highlighting the $20 billion in daily margin savings as a competitive advantage [130][131] Question: Can you provide insights on the natural gas market? - Management reported significant growth in natural gas volumes, with a 29% increase in futures and a 54% increase in options, driven by global demand [145]

For the quarter ended June 2024, CME Group (CME) reported revenue of $1.53 billion, up 12.7% over the same period last year. EPS came in at $2.56, compared to $2.30 in the year-ago quarter. Here is how CME performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average daily volume (including NYMEX and COMEX): 22,855 thousand compared to the 25,907.74 thousand average estimate based on five analysts. Average rate per contract - Interest rat ...

CME Group (CME) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for nonrecurring items. CME, which belongs to the Zacks Securities and Exchanges industry, posted revenues of $1.53 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.99%. This compares to year-ago revenues of $1.36 billion. The company has topped consensus revenue e ...

Exhibit 99.1 Media contact Investor contact Timothy Barello, 212.299.2256 Adam Minick, 312.340.8365 Laurie Bischel, 312.648.8698 investors@cmegroup.com news@cmegroup.com CME-G cmegroup.mediaroom.com FOR IMMEDIATE RELEASE • Record quarterly adjusted net income and earnings per share • Highest Q2 average daily volume (ADV) in company history (26 million contracts) • Year-over-year growth across every asset class CHICAGO, July 24, 2024 - CME Group Inc. (NASDAQ: CME) today reported financial results for the sec ...

CME Group will hold a Q&A conference call to discuss second-quarter 2024 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. | --- | --- | --- | --- | --- | --- | |--------------------------|---------|---------|---------|---------|---------| | Product Line | 2Q 2023 | 3Q 2023 | ...

Factors to Consider Increases in market data and information services, clearing, transaction fees and other revenues are likely to have aided CME's top line in the to-be-reported quarter. The Zacks Consensus Estimate for revenues is pegged at $1.53 billion, indicating a rise of 12.2% from the year-ago reported figure. Market data and information services revenues are likely to have gained from price increases for certain products, a rise in device counts, higher custody fees as well as improvements in co-lo ...

CHICAGO and LONDON, July 11, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, and CF Benchmarks, the leading provider of cryptocurrency benchmark indices, today announced plans to launch two new cryptocurrency reference rates and real-time indices for Ripple XRP (XRP) and Internet Computer (ICP), which will be calculated and published daily by CF Benchmarks, beginning July 29. These reference rates and indices are not tradable futures products. "These new benchmarks are designed ...

CHICAGO, July 8, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced the appointment of Mike Dennis as Global Head, Fixed Income. In this position, Dennis will oversee the company's largest, most actively traded global benchmark futures and options contracts on SOFR and U.S. Treasuries, including the 30-year bond, 10-, 5- and 2-year notes that enable investors to manage risk across the entire U.S. yield curve. He will also lead BrokerTec, the world's most liquid elec ...

Record June ADV of 25.3 million contracts, up 8% year-over-year Record Q2 ADV of 26 million contracts, with growth in all asset classes Record June and Q2 ADV in U.S. Treasury futures and options All-time monthly and quarterly records for Agricultural products Record Q2 international ADV of 7.8 million contracts CHICAGO, July 2, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its June and Q2 2024 market statistics, showing average daily volume (ADV) reached a reco ...