CME Group reports record Q3 revenue, beats EPS estimates

CHICAGO - CME Group Inc. (NASDAQ:CME ) reported record third-quarter revenue and beat earnings expectations, as the derivatives exchange operator saw strong growth across its product lines. Shares edged up 0.36% following the results.

CME Group posted revenue of $1.58 billion for the quarter, a record high but slightly below analyst estimates of $1.59 billion. Adjusted earnings per share came in at $2.68, exceeding the consensus forecast of $2.64.

The company reported record average daily volume of 28.3 million contracts in Q3, up 27% year-over-year. Interest rate products led the growth with a 36% jump in volume to a record 14.9 million contracts per day.

"Q3 2024 was the best quarter in CME Group history, with records across volume, revenue, adjusted operating income, adjusted net income and adjusted earnings per share," said Terry Duffy, Chairman and CEO of CME Group.

International average daily volume hit a record 8.4 million contracts, with EMEA up 30% and Asia up 28% compared to last year.

The total average rate per contract was $0.666 in Q3, down from $0.707 in the same quarter last year.

CME Group paid dividends of approximately $419 million during the quarter. The company has returned about $25.6 billion to shareholders through dividends since implementing its variable dividend policy in 2012.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com