NASDAQ$CME

CME Group · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

CME Group reported double-digit growth in revenue and adjusted earnings per share for Q2 2023.

CME Group reported a 10% increase in revenue and a 17% rise in adjusted earnings per share in Q2 2023, driven by ongoing uncertainty in macroeconomic and geopolitical environments.

  • Revenue increased by 10% compared to the previous year.
  • Adjusted earnings per share rose by 17%, marking the eighth consecutive quarter of double-digit earnings growth.
  • Average daily volume (ADV) was 22.9 million contracts.
  • Non-U.S. ADV reached 6.3 million contracts, with double-digit year-over-year growth in Agricultural, Metals, and Energy products.

Headline financials

Total Revenue

$1.36B

Previous: $1.24B+9.9%
EPS (adj)

$2.30

Previous: $1.97+16.8%
Average Daily Volume

22.9M

Previous: 23.1M-1.1%
Average Rate Per Contract

$0.72

Previous: $0.65+11.9%
Capital Expenditures

-$35.7M

Previous: -$41.3M+13.6%
Free Cash Flow

$742M

Previous: $621M+19.4%
Net Income

$778M

Previous: $663M+17.4%
Operating Income

$839M

Previous: $750M+11.9%
Gross Profit

$1.36B

Previous: $1.24B+9.9%
Cash & Equivalents

$1.88B

Previous: $1.88B+0.0%
Total Assets

$151B

Previous: $177B-14.4%
Stock-Based Comp

$19.5M

Previous: $19.4M+0.5%

Revenue & EPS history

CME Group · Revenue · Quarterly

$1.36B

Q2 2023+9.9%vs Q2 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

CME Group · $1.36B total across 3 segments · Q2 2023

  • Clearing and transaction fees
    $1.12B+9.1%
  • Market data and information services
    $163M+7.5%
  • Other
    $78.8M+29.4%

Forward guidance

CME Group will remain focused on delivering value to clients by helping them navigate through what has become an increasingly unpredictable world.

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 Q2 2023

Historical avgQ2 2023

-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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