CME Group Sets $1.635B Expense Target, Expands Retail & International Presence

CME Group reported a record-breaking Q2 with average daily volume exceeding 30 million contracts for the first time in its history. Chairman & CEO Terrence Duffy highlighted the milestone, stating the quarter's average daily volume of 30.2 million contracts represented a 19% increase year-over-year. The company outlined a $1.635B expense target while expanding its retail and international presence.

CME Group Inc. (NASDAQ: CME) has reported a record-breaking second quarter (Q2) for 2025, with average daily volume (ADV) exceeding 30 million contracts for the first time in the company's history. The company's Chairman and Chief Executive Officer, Terry Duffy, highlighted the milestone, stating that the quarter's ADV of 30.2 million contracts represented a 16% increase year-over-year [1].

The company's revenue for Q2 2025 reached $1.7 billion, up 10% from the same period in 2024. Operating income was $1.1 billion, and net income was $1.0 billion, with diluted earnings per common share at $2.81. On an adjusted basis, net income was $1.1 billion, and diluted earnings per common share were $2.96 [1].

Notably, the number of new retail traders at CME Group increased by 57% year over year, contributing to a record Micro ADV of 4.1 million contracts in Q2. This growth in retail participation underscores the appeal of CME Group's products to a broader user base [1].

CME Group's financial results were presented on an adjusted basis for Q2 2025 and 2024, excluding certain items detailed in the reconciliation of non-GAAP results. Clearing and transaction fees revenue for the second quarter of 2025 totaled $1.4 billion, with the total average rate per contract at $0.690. Market data revenue totaled $198 million for the same period [1].

As of June 30, 2025, the company held $2.2 billion in cash and had $3.4 billion in debt. The company has returned $29.1 billion to shareholders in the form of dividends since the implementation of the variable dividend policy in early 2012. CME Group will hold a Q&A conference call to discuss second-quarter 2025 results at 8:30 a.m. Eastern Time today [1].

CME Group, the world's leading derivatives marketplace, enables clients to trade futures, options, cash, and OTC markets, optimize portfolios, and analyze data, empowering market participants worldwide to efficiently manage risk and capture opportunities. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec, and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing [1].

References:
[1] https://www.marketscreener.com/news/cme-group-inc-reports-all-time-record-revenue-adjusted-operating-income-adjusted-net-income-and-a-ce7c5cd2db8df42c