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CME Group (CME)
NASDAQ:CME
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.48Last Year’s EPS
$2.37Same Quarter Last Year
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: 5.97%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in terms of record-breaking volumes, revenue, and client acquisition, with strong growth across all asset classes and regions. While there are some competitive and regulatory challenges, the overall performance and strategic initiatives suggest a positive outlook.Company Guidance
During the Q3 2024 earnings call for CME Group, executive Lynne Fitzpatrick provided comprehensive guidance on the company's financial performance metrics. CME Group achieved record-breaking quarterly revenue of nearly $1.6 billion, a rise of 18% compared to the same quarter in the previous year. The company also reported a significant increase in clearing and transaction fee revenue by 20% due to record quarterly volume. Furthermore, the market data revenue grew by 6% to $178 million, while other revenue soared by 29% to over $109 million. A strong cost discipline led to adjusted expenses of $489 million, translating to an operating income of approximately $1.1 billion, marking a new quarterly record. The adjusted operating margin improved to 69.1%, up 260 basis points from the previous year. In terms of tax, CME Group lowered its effective tax rate guidance for the year to a range of 22.5% to 23%, driven by strong international growth. The quarter concluded with a record adjusted net income of $977 million and earnings per share of $2.68, reflecting a 19% increase from the previous year. Capital expenditures for the quarter were approximately $30 million, with a cash balance of approximately $2.6 billion at the end.Record-Breaking Performance
CME Group achieved the highest quarterly average daily volume (ADV) in its history at 28.3 million contracts, up 27% year-over-year. Record volumes were seen across all asset classes.
Financial Products Volume Growth
Financial products volume grew by 28%, and commodity sector volumes grew by 20% year-over-year.
Interest Rate Complex Growth
Interest rate complex grew by 36% year-over-year, reaching 14.9 million contracts per day, with record volumes in SOFR futures and treasuries.
International Business Expansion
International business hit record levels with an average daily volume of 8.4 million contracts, up 29% from the previous year. EMEA saw a 30% increase, and APAC was up 28%.
Financial Results and Revenue Growth
Achieved highest ever quarterly revenue of nearly $1.6 billion, up 18% year-over-year. Net income and earnings per share also reached record levels.
Strong Operating Margin
Adjusted operating margin improved to 69.1%, up 260 basis points from the previous year.
Retail and New Client Acquisition
Significant increases in new retail and institutional client acquisitions, with institutional client growth up almost 40% compared to the three-year average.
Energy Sector Success
Energy sector saw record revenues and volumes, with natural gas volumes up 33% year-to-date.
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CME Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CME Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $225.08 | $226.05 | +0.43% |
| Jul 24, 2024 | $195.47 | $195.28 | -0.10% |
| Apr 24, 2024 | $213.38 | $209.26 | -1.93% |
| Feb 14, 2024 | $203.12 | $210.70 | +3.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CME Group (CME) report earnings?
CME Group (CME) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is CME Group (CME) earnings time?
CME Group (CME) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CME EPS forecast?
CME EPS forecast for the fiscal quarter 2024 (Q4) is $2.48.
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