NASDAQ$CME

CME Group · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2021.

CME Group reported a strong first quarter in 2021 with increased demand for products due to potential post-pandemic economic recovery. The company's revenue was $1.3 billion, and operating income was $725 million. Net income was $574 million, with diluted earnings per share at $1.60.

  • Experienced strong demand for products as clients looked to manage risks associated with the potential for a post-pandemic economic recovery.
  • Trading volumes in Q1 have returned to pre-pandemic levels.
  • ADV in the first quarter representing our third-highest quarterly ADV ever, and open interest climbing above 100 million contracts.
  • Continue to deliver against our growth objectives, introducing several innovative, new products, completing migration of BrokerTec to CME Globex and agreeing to form a joint venture for post-trade services in OTC markets.

Headline financials

Total Revenue

$1.25B

Previous: $1.52B-17.7%
EPS (adj)

$1.79

Previous: $2.33-23.2%
Average Daily Volume

21.8M

Previous: 27.0M-19.2%
Average Rate Per Contract

$0.66

Previous: $0.68-2.7%
Capital Expenditures

-$28.5M

Previous: -$42.8M+33.4%
Free Cash Flow

$546M

Previous: $723M-24.5%
Net Income

$574M

Previous: $766M-25.0%
Operating Income

$725M

Previous: $960M-24.5%
Gross Profit

$1.25B

Previous: $1.52B-17.7%
Cash & Equivalents

$936M

Previous: $852M+9.9%
Total Assets

$161B

Previous: $138B+16.5%
Stock-Based Comp

$21.6M

Previous: $23.1M-6.5%

Revenue & EPS history

CME Group · Revenue · Quarterly

$1.25B

Q1 2021-17.7%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

CME Group · $1.25B total across 3 segments · Q1 2021

  • Clearing and transaction fees
    $1.01B-21.3%
  • Market data and information services
    $144M+9.7%
  • Other
    $102M-8.7%

Forward guidance

The press release contains forward-looking statements with risks, uncertainties, and assumptions that are difficult to predict, and actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements.

Headwinds

  • Increasing competition by foreign and domestic entities.
  • Ability to keep pace with rapid technological developments.
  • Ability to continue introducing competitive new products and services on a timely, cost-effective basis.
  • Ability to adjust fixed costs and expenses if revenues decline.
  • Ability to maintain existing customers at substantially similar trading levels, develop strategic relationships and attract new customers.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.1%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.9%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+5.8%

Q1 2022

Best reaction

-6.8%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%-0.9%+2.4%
Q4 2025-0.3%+4.8%+8.2%
Q3 2025-0.3%+0.9%+1.7%
Q2 2025+0.3%-0.9%-4.2%
Q1 2025-1.5%+0.9%+7.0%
Q4 2024+3.0%+1.5%+7.0%
Q3 2024+1.6%+0.9%+1.3%
Q2 2024+1.0%+0.7%+4.9%
Q1 2024-2.0%-3.3%-0.9%
Q4 2023+1.7%+2.3%+4.9%
Q3 2023+0.6%-1.4%+1.4%
Q2 2023+3.9%+4.0%+6.3%
Q1 2023-1.8%-0.6%-5.9%
Q4 2022+2.9%+4.2%-1.8%
Q3 2022-1.7%-1.4%-0.5%
Q2 2022-2.1%-3.9%-3.6%
Q1 2022+5.8%+1.6%-6.3%
Q4 2021+1.1%-0.9%-6.4%
Q3 2021-0.4%-0.4%+1.3%
Q2 2021+1.3%-0.2%-5.7%
Q1 2021-0.5%-0.5%+6.8%
Q4 2020-4.8%-4.0%+8.9%
Q3 2020-5.9%-4.5%+9.6%
Q2 2020-1.7%-1.8%+6.6%
Q1 2020-3.3%-6.4%-0.9%
Q4 2019-1.6%+0.7%-14.0%
Q3 2019+2.4%-2.0%+0.9%
Q2 2019+1.7%+2.3%+10.1%
Q1 2019-3.4%-0.4%+7.4%
Q4 2018-2.8%-3.4%-5.7%
Q3 2018-1.3%+0.8%+4.5%
Q2 2018-2.4%-6.1%-0.1%
Q1 2018-2.3%-2.8%-0.9%
Q4 2017+3.7%+2.7%+8.3%
Q3 2017+2.8%+2.5%+6.0%
Q2 2017+1.3%+2.6%+2.6%
Q1 2017-3.2%-2.3%-1.7%
Q4 2016-0.8%-1.8%+2.6%
Q3 2016-2.8%-3.1%+9.7%
Q2 2016-0.5%+0.6%+3.1%
Q1 2016-2.7%
Q4 2015+4.5%
Q3 2015-1.5%
Q2 2015-1.0%
Q1 2015+1.8%
Q4 2014+5.6%
Q3 2014+2.4%
Q2 2014-2.2%
Q1 2014-1.2%
Q4 2013+0.5%
Q3 2013-1.4%
Q2 2013-2.4%
Q1 2013+0.8%
Q4 2012-2.7%
Q3 2012-2.0%
Q2 2012+2.4%
Q1 2012-1.7%
Q4 2011-0.1%
Q2 2011-0.1%
Q3 2011-6.8%
Q1 2011+0.7%
Q4 2010-2.2%
Q2 2010-2.2%
Q3 2010-0.4%
Q1 2009+3.6%
Q1 2010+1.1%
Q2 2009+1.9%
Q4 2007+1.9%
Q4 2009+1.9%
Q3 2008+2.5%
Q3 2009+2.5%
Q2 2008+0.4%
Q4 2008+0.4%

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