What's in the Cards for CME Group This Earnings Season?

Core Insights - CME Group Inc. is anticipated to experience a decline in both revenue and earnings for the third quarter of 2025, with revenues expected to be $1.54 billion, reflecting a 2.9% decrease year-over-year [1] - The consensus estimate for earnings per share is $2.63, indicating a year-over-year decrease of 1.8%, with a 3.3% downward revision in the past 30 days [2] Financial Performance Expectations - The third-quarter performance is likely to benefit from a diverse product portfolio, increased market volatility, and a strong market position [5][10] - Clearing and transaction fees are projected to be $1.2 billion, driven by higher trading volumes across asset classes [6] - Average daily volume for the quarter was reported at 25.3 million contracts, down 10% year-over-year, with specific increases in Agricultural and Metals ADV [7][10] Revenue Breakdown - Market data and information services revenues are expected to reach $179 million, a 0.5% increase from the previous year, while the Zacks Consensus Estimate is $196 million, indicating a 10.1% increase [8] - Total expenses are anticipated to rise to $505.6 million, reflecting a 3.4% increase year-over-year due to higher compensation and technology expenses [9]