NASDAQ$CME

CME Group · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

CME Group's adjusted net income and earnings per share reached record levels, driven by investors seeking to manage economic and geopolitical uncertainty.

CME Group reported a strong first quarter in 2024, with revenue reaching $1.5 billion and operating income at $960 million. Net income stood at $855 million, with diluted earnings per share at $2.35. On an adjusted basis, net income was $911 million, and diluted earnings per share was $2.50.

  • CME Group's adjusted net income and EPS reached new records in Q1.
  • Average daily volume in U.S. Treasury futures and options grew 12% year-over-year, reaching a new all-time high of 7.8 million contracts.
  • Average daily volume in commodities markets increased 14% to 4.7 million contracts.
  • First-quarter average daily volume (ADV) was 26.4 million contracts, including non-U.S. ADV, which reached a record 7.4 million contracts.

Headline financials

Total Revenue

$1.49B

Previous: $1.44B+3.2%
EPS

$2.35

Previous: $2.42-2.9%
Average Daily Volume

26.4M

Previous: 26.9M-1.9%
Average Rate Per Contract

$0.69

Previous: $0.66+4.7%
Capital Expenditures

-$19.8M

Previous: -$15.2M-30.3%
Free Cash Flow

$835M

Previous: $869M-3.8%
Net Income

$855M

Previous: $884M-3.2%
Operating Income

$960M

Previous: $914M+5.0%
Gross Profit

$1.49B

Previous: $1.44B+3.2%
Cash & Equivalents

$1.44B

Previous: $1.57B-8.2%
Total Assets

$132B

Previous: $166B-20.5%
Stock-Based Comp

$23.3M

Previous: $20.2M+15.3%

Revenue & EPS history

CME Group · Revenue · Quarterly

$1.49B

Q1 2024+3.2%vs Q1 2023
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

CME Group · $1.34B total across 3 segments · Q3 2023

  • Clearing and transaction fees
    $1.09B+8.7%
  • Market data and information services
    $168M+8.6%
  • Other
    $84.7M+13.1%

Forward guidance

CME Group remains committed to providing deep liquidity and unparalleled capital efficiencies as clients navigate risks across asset classes.

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 2024

Historical avgQ1 2024

-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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