CME Group Inc.
cmegroup.comWhat Do They Do?
Runs markets for trading futures, options and cash products, clears transactions, and provides market data and analytics to traders, financial institutions and corporations.
10-K for FY2025, filed Feb 26, 2026CME Group exchanges offer the widest range of global benchmark products across interest rates, equity indexes, foreign exchange (FX), and…View ↗
Derivatives Exchange Business: Our broad set of products offered on our derivatives exchanges (CME, CBOT, NYMEX and COMEX) are important…View ↗
Data Services Business: We offer a variety of data products and services through industry-leading data platforms and third-party…View ↗
How Do They Make Money?
Customers pay fees for trade execution and clearing, mostly per trade and when the trade takes place. Market-data subscriptions are generally billed monthly; other service fees are generally billed monthly, with some strategic relationship fees paid monthly or quarterly.
10-K for FY2025, filed Feb 26, 2026Clearing and Transaction Fees. Clearing and transaction fees include per-contract charges for trade matching, clearing, trading on the…View ↗
Market data and information services. Market data and information services represent revenue from the dissemination of market data to…View ↗
Other. Other revenues include certain access and communication fees, fees for collateral management, equity membership subscription fees…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$6.5B
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10-K for FY2025, filed Feb 26, 2026
$6.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Clearing and Transaction Fees
Usage-based
10-K for FY2025, filed Feb 26, 2026 |
81%
FY2022: 83%
|
Clearing and Transaction Fees, FY2025
$5.3B Sources
|
Usage-based |
|
MarketData
Mix
10-K for FY2025, filed Feb 26, 2026 |
12%
FY2022: 12%
|
MarketData, FY2025
$803.1M Sources
|
Mix |
|
OtherRevenue
Recurring
|
6.7%
FY2022: 5.3%
|
OtherRevenue, FY2025
$436.4M Sources
|
Recurring |
Who Are Their Customers?
Professional traders, financial institutions and investors use its markets, alongside businesses and public institutions. Trading is mainly electronic, while market data reaches customers through CME platforms and third-party distributors.
10-K for FY2025, filed Feb 26, 2026CME Group products are traded primarily through CME Globex, as well as by open outcry in Chicago for SOFR options and through privately…View ↗
The customer base of our derivatives exchanges includes professional traders, financial institutions, institutional and individual…View ↗
Data Services Business: We offer a variety of data products and services through industry-leading data platforms and third-party…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 62 cents of every revenue dollar as net income in FY2025 and turned 64 cents into free cash flow.
10-K for FY2025, filed Feb 26, 2026
$4.2BView ↗
10-K for FY2025, filed Feb 26, 2026
$4.1BView ↗
10-K for FY2025, filed Feb 26, 2026
$4.2BView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Oct 23, 2026
Open tableView ↗
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Sep 9, 2026
Jack Tobin will become CFO as Lynne Fitzpatrick becomes CEO
Tobin is set to become deputy CFO before taking the CFO role; Fitzpatrick's CEO transition was previously announced.
Sources
8-K, filed Sep 9, 2026
Mr. Tobin will assume the role of Chief Financial Officer in March 2027, effective with Lynne Fitzpatrick’s transition to the role of Chief…View ↗
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Jun 17, 2026
Terrence Duffy will transition to Executive Chairman; Lynne Fitzpatrick will succeed him as CEO
The transition is scheduled for after the 2026 annual report is filed, but no earlier than March 1, 2027.
Sources
8-K, filed Jun 17, 2026
On June 17, 2026, CME Group Inc. (the “Company”) announced that Terrence A. Duffy, the Company’s current Chairman and Chief Executive…View ↗
Growing. Revenue grew 39% in 4 years, from $4.7B in FY2021 to $6.5B in FY2025, about 9% a year.
Weekend event-contract trading
The older report described electronic trading as nearly continuous through the trading week; the latest says certain event contracts are available around the clock, including weekends.
10-K for FY2022, filed Feb 27, 2023 10-K for FY2025, filed Feb 26, 2026We strive to provide the most flexible and scalable platforms to support the operational and capacity needs of our business along with the…View ↗
We list products at the micro size across all six major derivatives asset classes. These products are designed to attract a new customer…View ↗
Who Do They Compete With?
Competes with Intercontinental Exchange, Cboe Global Markets, Euronext, Hong Kong Exchanges and Clearing, Deutsche Börse, FMX Futures Exchange, LCH Group, OCC, Cboe Clear, DTCC, Japan Securities Clearing, LME Clear, Eurex Clearing, and FICC
10-K for FY2025, filed Feb 26, 2026We compete in a large and expanding financial services trading, clearing and settlement marketplace globally. Our competitors include…View ↗
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