CMECME Group

Financials · Exchanges & Brokers · Nasdaq

CME Group enables clients to trade futures, options, cash and over-the-counter (OTC) products, optimize portfolios and analyze data - empowering market participants worldwide to efficiently manage risk and capture opportunities. 10-K, Item 1

Headquarters: Chicago, IL
CEO: Terrence A. Duffy
Next results: around Feb 3, 2027

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The biggest changes in the 10-K filed 2026-02-26, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Cash from operations

+15.9% Big change FY to 2025-12-31 vs 2024-12-31

“Net cash provided by operating activities was higher in 2025 compared with 2024, largely due to an increase in revenue resulting from fee increases, an increase in overall volumes and higher interest earned on reinvestment of collateral, net of distributions.”
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Net income

+15.5% Big change FY to 2025-12-31 vs 2024-12-31

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Operating margin

64.1% → 64.9% (+0.7 pts) FY to 2025-12-31 vs 2024-12-31

“Overall operating expenses increased in 2025 when compared with 2024 due to the following reasons:”
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“Decreases in operating expenses in 2025 when compared with 2024 were due to the following reasons:”
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Revenue

+6.4% FY to 2025-12-31 vs 2024-12-31

“In addition to the business trends noted earlier, our contract volume, and consequently our revenues, tend to increase during periods of economic and geopolitical uncertainty as our customers seek to manage their exposure to, or speculate on, the market volatility resulting from that uncertainty.”
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“In 2025 when compared with 2024, the increase in market data and information services revenue was largely attributable to price increases for certain products as well as an increase in usage for certain products.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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