CME Group Inc - Ordinary Shares - Class A
CME - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$113.31B
Close$
Earnings Call Q3 2026
October 21, 2026 - AI Summary
Record trading demand & balance-sheet-friendly growth (good):
- Q3’26 average daily volume (ADV): 29.4m contracts, the highest third-quarter on record, +16% YoY.
- Broad-based growth across all 6 asset classes with double-digit YoY volume increases in every asset class.
- Financial & commodity products volume: each +16% YoY.
- Quarter-end open interest (OI): 128m contracts; today >133m, and OI continues to grow in October (signals healthy participation and margin of safety for volume).
Strong financial results + capital returns (good):
- Revenue: $1.7bn, +13% YoY, record third-quarter revenue. Market data revenue: +20% YoY (and $243m quarterly record for market data).
- Adjusted operating income: $1.2bn, +15% YoY; adjusted operating margin: 69.4%.
- Adjusted diluted EPS: $3.02, +13% YoY; adjusted net income margin: 62.4%.
- Shareholder returns: returned ~$1bn in Q3 ($465m regular dividends + $524m share repurchases).
- YTD (first 3 quarters): revenues +9%, adjusted EPS +11%.
Management outlook for Q4 and year (good):
- Q4 volume running ahead of prior record: management says Q4 volume is surpassing last year’s record Q4 by ~17%.
- YTD through 3Q: ~12% ahead of last year’s record volume.
- Stated focus: keep delivering deep liquidity and maximize customer capital efficiencies, supporting continued earnings strength in what they describe as a volatile macro environment.
Exclusive for Stockcircle Pro members
Sign up
$416.88
31.1% upside
Current Fair Value
31.1% upsideUndervalued by 31.1% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $113.31 Billion |
|---|---|
| Enterprise Value | $114.54 Billion |
| Annual dividend | $11.30 |
| Dividend yield | 3.55% |
| Earnings per Share | $11.18 |
| Beta | 0.27 |
| Outstanding Shares | 358,019,000 |
Return
| Return on Equity | 16.57% |
|---|---|
| Return on Assets | 2.29% |
| Return on Invested Capital | 2.67% |
Valuation & Multiples
| P/E Ratio | 25.94 |
|---|---|
| PEG | 182.7 |
| Price to Sales | 16.74 |
| Price to Book Ratio | 4.3 |
| Enterprise Value to Revenue | 16.43 |
| Enterprise Value to EBIT | 22.31 |
| Enterprise Value to Net Income | 26 |
| Total Debt to Enterprise | 0.03 |
| Debt to Equity | 0.13 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 28, 2026
EPS Estimate
$2.96
Consensus analyst estimateRevenue Estimate
$1.69 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 3, 2027
EPS Estimate
$3.01
Consensus analyst estimateRevenue Estimate
$1.76 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 39.29, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 39.2857▲ 3822.60% |
|---|---|
| Total Calls | 1,400▼ 99.93% |
| Total Puts | 55,000▼ 97.26% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 18.70%▼ 71.40% |
|---|---|
| Total Invested | $17.66B▼ 75.36% |
| Investors Holding | 938▼ 837.00% |
About CME Group Inc
3,875 employees
CEO: Terrence Duffy
CME Group Inc., established in Chicago in 1898, operates global marketplaces for the exchange of futures and options contracts. The company provides a wide array of products, encompassing interest rates, equity indexes, foreign exchange,...