CME Group registers steep increase in net income in Q3 2021
CME Group Inc. (NASDAQ:CME) today reported financial results for the third quarter of 2021.
The company reported revenue of $1.1 billion and operating income of $614 million for the third quarter of 2021. Net income was $927 million, sharply higher from the result reported in the equivalent quarter a year earlier. Diluted earnings per share were $2.58, also higher year-on-year.
On an adjusted basis, net income was $574 million and diluted earnings per share were $1.60.
“We saw robust volume growth in Q3 as clients continued to manage a variety of risks during these times of ongoing economic uncertainty,” said CME Group Chairman and Chief Executive Officer Terry Duffy.
“Average daily volume grew 14% year over year during the quarter, led by double-digit growth in interest rates, energy and options products, as well as strong non-U.S. volumes, which increased 13% to 5 million contracts per day. We remained focused on meeting the evolving needs of our clients through product innovation. Since the beginning of the year we have delivered 70 new products and solutions, including the introduction of Micro Treasury futures and new ESG-focused products in Q3.
Additionally, we made significant progress executing against our long-term strategy by completing the joint venture with IHS Markit and together launching OSTTRA, our new post-trade services company.”
Third-quarter 2021 ADV was 17.8 million contracts, including non-U.S. ADV of 5.0 million contracts.
Clearing and transaction fees revenue for third-quarter 2021 totaled $879 million. The total average rate per contract was $0.677. Market data revenue totaled $145 million for third-quarter 2021.