CME Group (CME)
Financials · Derivatives exchanges and clearinghouses
Global derivatives marketplace operator providing electronic and open-outcry trading, clearing, and data services across futures, options, and FX products.
What CME Group does
CME Group operates the world's largest futures and options exchange, providing electronic trading platforms (Globex, BrokerTec, EBS) and open-outcry trading facilities. The company clears and settles standardized derivatives contracts across equity indices, interest rates, commodities, FX, and other asset classes, while generating substantial recurring revenue from market data licensing and trade execution fees. CME's business model depends on trading volume, customer retention, and pricing power in an increasingly competitive derivatives ecosystem.
Themes: ["Derivatives trading infrastructure","Market microstructure and liquidity","Cloud migration (Google Cloud partnership)","Cybersecurity risks","Global financial markets","Regulatory compliance and oversight","Technology resilience and disaster recovery","Pricing power and competitive dynamics"]
Fundamentals
- Price$239.71 as of 2026-07-09 close
- Market cap$85.9B as of 2026-07-10
- 1-year return-13.0% as of 2026-07-09 close
- P/E20.12 as of 2026-07-10
- Net margin+33.7% as of 2026-07-10
- Gross margin+96.0% as of 2026-07-10
- ROE+15.3% as of 2026-07-10
- Debt / equity0.13 as of 2026-07-10
- Revenue growth (YoY)+24.6% as of 2026-07-10
- Revenue CAGR (3y)+9.1% SEC XBRL
- Beta0.29 as of 2026-07-10
Dividend: yield +2.1%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Competitive pressure from domestic and international exchanges, new market entrants, and consolidation; inability to retain trading volume or attract new customers at profitable pricing levels could materially reduce revenues.","Cybersecurity threats and data breaches targeting CME's systems, customers, and third-party service providers (including Google Cloud partners) could disrupt operations, cause financial loss, regulatory penalties, and reputational damage.","Technology execution risk: failure to complete development, implementation, and maintenance of enhanced functionality, platform migrations, and cloud transition while managing duplicative on-premise and Google Cloud infrastructure costs could impair competitiveness and increase expenses."]
Competitors & peers
- Intercontinental Exchange (ICE)
- Nasdaq
- Cboe Global Markets
- London Stock Exchange Group (LSEG)
- ASX Group
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.