CME Group reports record Revenues ($6.1B) and Profits ($3.5B) in 2024
Derivatives markets operator CME Group Inc (NASDAQ:CME) has reported its financial results for the fourth quarter and full year of 2024, with the company seeing record top and bottom line figures for the year.
CME Group reported revenue of $1.5 billion and operating income of $947 million for the fourth quarter of 2024. Net income was $875 million and diluted earnings per common share were $2.40. On an adjusted basis, net income was $919 million and diluted earnings per common share were $2.52.
Total revenue for full-year 2024 at CME Group was $6.1 billion and operating income was $3.9 billion. Net income was $3.5 billion and diluted earnings per common share were $9.67. On an adjusted basis, net income was $3.7 billion, and diluted earnings per common share were $10.26.
Terry Duffy, CME Group Chairman and Chief Executive Officer said,
“In 2024, CME Group had its best year ever, generating record annual average daily volume, revenue, adjusted operating income, adjusted net income and adjusted earnings per share.
“With volume growth across every asset class, we hit new records in interest rates, including U.S. Treasury and SOFR complexes, as well as in agricultural, foreign exchange and metals markets. Our Q4 performance also was very strong, delivering a 6% increase in revenue, adjusted net income and adjusted earnings per share. As we look ahead amid continuing economic and geopolitical uncertainty, we will continue to serve our global clients by providing the products, services and efficiencies they need to manage risk and pursue opportunities to meet their business needs.”
Fourth-quarter 2024 average daily volume (ADV) at CME Group was 25.5 million contracts, in line with fourth-quarter 2023, including non-U.S. ADV of 7.6 million contracts, up 5% compared with the same period in 2023.
Clearing and transaction fees revenue for fourth-quarter 2024 totaled $1.2 billion. The total average rate per contract was $0.701. Market data revenue totaled $182 million for fourth-quarter 2024.
As of December 31, 2024, the company had approximately $3.1 billion in cash (including $230 million deposited with Fixed Income Clearing Corporation (FICC) and included in other current assets) and $3.4 billion of debt. The company declared dividends during 2024 of $3.8 billion, including the annual variable dividend of $2.1 billion. CME Group has returned over $28 billion to shareholders in the form of dividends since the implementation of the variable dividend policy in early 2012. In addition, on February 6, 2025, the company declared a first-quarter dividend of $1.25 per share, a 9% increase from the prior level of $1.15 per share.
CME Group’s results report on Q4 and full year 2024 can be seen here.
About CME Group
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) 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. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. 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.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. The S&P 500 Index is a product of S&P Dow Jones Indices LLC (“S&P DJI”). “S&P®”, “S&P 500®”, “SPY®”, “SPX®”, US 500 and The 500 are trademarks of Standard & Poor’s Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.