Feed / CME

CME Group Inc.

CME

Financial Services · 273.99 -0.3% today

Isolated · not yet confirmedMarket checked 10 Sept, 15:55 GMT-4

Market read

CME Group Inc.'s current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Company-0.3% todayVolume comparison unavailable
Market group0 of 1 activeFutures Exchanges · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • Quarterly disclosure that market data and information services revenues rose due to higher usage, new customer segments, and price increases for certain products.
  • Reported quarter and six‑month energy contract volumes (WTI, natural gas, refined products, Brent) with year-over-year changes; Q2 volumes noted as decreased due to lower volatility.

Invalidation: The isolated read changes if CME's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Financial Services · Financial Data & Stock Exchanges

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Quarterly disclosure that market data and information services revenues rose due to higher usage, new customer segments, and price increases for certain products.
  • Reported quarter and six‑month energy contract volumes (WTI, natural gas, refined products, Brent) with year-over-year changes; Q2 volumes noted as decreased due to lower volatility.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations601
Usable filing statements133
Verified relationships6
Evidence supporting the case
  • Latest annual revenue changed +6.4% year over year.
  • Net margin changed +4.9 percentage points in the latest annual period.
  • Operating cash flow covered net income at 1.05x in the latest annual period.
  • Energy and commodity prices has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 5 filings.
Evidence challenging the case
  • Foreign exchange has repeated adverse evidence across 5 filings.
Questions before a position
  • EV/sales is 95% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

273.99
6m-9.7%12m+4.8%24m+24.9%
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$4.7B-4.0%$7.29+0.1%
2022-12-31$5.0B+7.0%$7.40+0.1%
2023-12-31$5.6B+11.1%$8.86+0.1%
2024-12-31$6.1B+9.9%$9.67+0.1%
2025-12-31$6.5B+6.4%$11.16+0.1%

What management says matters

Persistent and emerging business drivers

Energy and commodity pricesmixed · 5 filings
Quarter Ended June 30, Six Months Ended June 30, (amounts in thousands) 2026 2025 Change 2026 2025 Change WTI crude oil 1,465 1,517 (3) % 1,763 1,372 29 % Natural gas 658 871 (24) 868 970 (11) Refined products 341 437 (22) 428 431 (1) Brent crude oil 186 232…
10-Q · Jul 24, 2026
Foreign exchangenegative · 5 filings
Decreases in operating expenses in the second quarter and first six months of 2026 when compared with the same periods in 2025 were as follows: • In the second quarter and first six months of 2026, we recognized a net loss of $0.3 million and a net gain of $0…
10-Q · Jul 24, 2026
Legal and regulatory exposuremixed · 5 filings
Legal fees decreased primarily as a result of expenses incurred for the class action lawsuit litigation in the second quarter of 2025.
10-Q · Jul 24, 2026
Pricing and mixpositive · 5 filings
During the second quarter and first six months of 2026, overall market data and information services revenues increased when compared with the same periods in 2025, largely due to higher usage of certain products, increased demand by new customer segments, an…
10-Q · Jul 24, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 15.1× · EV/sales 14.5×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.

Price action

How the market is pricing the story

273.99-0.3% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CME. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CME. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CME

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

FLUTFlutter Entertainment plcpartnerFeb 26, 2026

Our joint venture with FanDuel, a part of Flutter Entertainment plc, launched in December 2025.

CBOECboe Global Markets, Inc.competitorFeb 26, 2026

Our competitors include, among other entities, exchanges such as Intercontinental Exchange, Inc.

HEXEYFiling-linked namecompetitorFeb 26, 2026

Our competitors include, among other entities, exchanges such as Intercontinental Exchange, Inc.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CME is currently a Leader in the organic co-movement group Futures Exchanges. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CME; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.