CME
CME · NasdaqSecurity & Commodity Brokers, Dealers, Exchanges & Services · Fiscal year ends Dec 31
CME reported revenue of $6.5B in the fiscal year ended Dec 2025, up 6.4% from the year before. Operating income was $4.2B, an operating margin of 64.9%, and net income was $4.1B. Operating cash flow of $4.3B less capital expenditure of $84M left free cash flow of $4.2B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $4.7B | $5B | $5.6B | $6.1B | $6.5B |
| Operating income | $2.6B | $3B | $3.4B | $3.9B | $4.2B |
| Pre-tax income | $3.4B | $3.5B | $4.2B | $4.5B | $5.3B |
| Income tax | $737M | $799M | $927M | $1B | $1.3B |
| Net income | $2.6B | $2.7B | $3.2B | $3.5B | $4.1B |
| Diluted EPS | 7.29 | 7.40 | 8.86 | 9.67 | 11.16 |
| Diluted shares | 359M | 359M | 360M | 360M | 360M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.8B | $2.7B | $2.9B | $2.9B | $4.4B |
| Receivables | $435M | $483M | $536M | $573M | $639M |
| Current assets | $162B | $139B | $94.9B | $103B | $165B |
| Net PP&E | $505M | $456M | $410M | $386M | $363M |
| Goodwill | $10.5B | $10.5B | $10.5B | $10.5B | $10.5B |
| Total assets | $197B | $174B | $130B | $137B | $198B |
| Payables | $49M | $121M | $91M | $80M | $72M |
| Current liabilities | $160B | $138B | $93.4B | $102B | $160B |
| Short-term debt | $749M | $16M | $0 | $750M | $0 |
| Total liabilities | $169B | $147B | $103B | $111B | $170B |
| Shareholders' equity | $27.4B | $26.9B | $26.7B | $26.5B | $28.7B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.4B | $3.1B | $3.5B | $3.7B | $4.3B |
| Capital expenditure | $127M | $90M | $76M | $94M | $84M |
| Free cash flow | $2.3B | $3B | $3.4B | $3.6B | $4.2B |
| Depreciation & amortisation | $148M | $135M | $126M | $115M | $108M |
| Stock-based compensation | $75M | $84M | $83M | $90M | $95M |
| Dividends paid | $2.2B | $2.6B | $3.2B | $3.6B | $3.9B |
| Dividend per share | 5.90 | 8.50 | 9.65 | 10.40 | 5.00 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 7.0% | 11.1% | 9.9% | 6.4% |
| Operating income growth (YoY) | – | 14.0% | 13.9% | 14.4% | 7.6% |
| EPS growth (YoY) | – | 1.5% | 19.7% | 9.1% | 15.4% |
| Operating margin | 56.4% | 60.1% | 61.6% | 64.1% | 64.9% |
| Net margin | 56.2% | 53.6% | 57.8% | 57.5% | 62.5% |
| Return on equityBlank when equity is negative | 9.6% | 10.0% | 12.1% | 13.3% | 14.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 7.3% | 8.3% | 9.5% | 11.2% | 11.1% |
| Free cash flow margin | 48.5% | 59.1% | 60.5% | 58.7% | 64.3% |
| Cash conversion (CFO ÷ net income) | 0.91x | 1.14x | 1.07x | 1.05x | 1.05x |
| Receivable days | 34 | 35 | 35 | 34 | 36 |
| Current ratio | 1.01x | 1.01x | 1.02x | 1.01x | 1.03x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.