How has CME's gross profit trended since 2022?

CME Group's gross margin has exhibited a consistent upward trend since the first quarter of 2022, with occasional fluctuations. The gross margin increased from 101.94% on March 31, 2022, to 105.25% by the end of 2024, with a peak at 103.47% in the third quarter of 2024. This indicates a general improvement in profitability over the period, with the most significant increase occurring in the third quarter of 2024.

|code|Ticker|Name|Date|Gross Profit Margin|Gross Profit Margin YoY|market_code|
|---|---|---|---|---|---|---|
|CME|CME.O|CME Group|2022 Q1|101.9383|-3.485980901380606|185|
|CME|CME.O|CME Group|2022 Q2|102.1856|-3.533967531112802|185|
|CME|CME.O|CME Group|2022 Q3|102.5891|-2.57778461515086|185|
|CME|CME.O|CME Group|2022 Q4|102.7011|-1.734600149262299|185|
|CME|CME.O|CME Group|2023 Q1|102.7306|0.7772348567712012|185|
|CME|CME.O|CME Group|2023 Q2|102.9576|0.7554880531112071|185|
|CME|CME.O|CME Group|2023 Q3|103.3534|0.7450109222129754|185|
|CME|CME.O|CME Group|2023 Q4|103.4709|0.7495538022474965|185|
|CME|CME.O|CME Group|2024 Q1|105.0928|2.2994122491253837|185|
|CME|CME.O|CME Group|2024 Q2|105.1047|2.0854215715984004|185|