NASDAQ$CME

CME Group · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

CME Group reported record average daily volume and solid financial performance, driven by global market uncertainty.

CME Group reported Q4 2022 financial results with a revenue of $1.2 billion and an operating income of $668 million. Net income was $638 million, with diluted earnings per share at $1.75. Adjusted net income reached $698 million, and adjusted diluted earnings per share were $1.92. The company achieved a record average daily volume of 21.8 million contracts during the quarter.

  • CME Group reported its best Q4 ever, with record ADV of 21.8 million contracts.
  • The performance was driven by double-digit growth in equity index and foreign exchange.
  • SOFR futures and options hit new highs during the historic year for the LIBOR transition.
  • Non-U.S. ADV for full-year 2022 reached a record 6.3 million contracts, up 15% compared with the same period in 2021.

Headline financials

Total Revenue

$1.21B

Previous: $1.15B+5.3%
EPS (adj)

$1.92

Previous: $1.66+15.7%
Average Daily Volume

21.8M

Previous: 20.5M+6.4%
Average Rate Per Contract

$0.65

Previous: $0.65+0.2%
Capital Expenditures

$24.4M

Previous: $27.3M-10.6%
Free Cash Flow

$957M

Previous: $641M+49.3%
Net Income

$638M

Previous: $625M+2.0%
Operating Income

$668M

Previous: $632M+5.7%
Gross Profit

$1.01B

Previous: $946M+7.3%
Cash & Equivalents

$2.72B

Previous: $2.83B-4.0%
Total Assets

$174B

Previous: $197B-11.5%
Stock-Based Comp

$25.5M

Previous: $18.6M+37.1%

Revenue & EPS history

CME Group · Revenue · Quarterly

$1.21B

Q4 2022+5.3%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

CME Group · $1.21B total across 3 segments · Q4 2022

  • Clearing and transaction fees
    $981M+3.4%
  • Market data and information services
    $153M+7.8%
  • Other
    $73.2M+30.9%

Forward guidance

CME Group remains focused on delivering the products and services its clients need to manage risk and invest in new opportunities in 2023.

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 Q4 2022

Historical avgQ4 2022

-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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