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CME Group(CME) - 2024 Q4 - Annual Results
2025-02-12 12:05
Financial Performance - Record revenue of $6.1 billion for full-year 2024, up 10% from the previous year[1] - Fourth-quarter 2024 revenue was $1.5 billion, with operating income of $947 million and net income of $875 million[2] - Adjusted net income for full-year 2024 was $3.7 billion, with diluted earnings per share of $10.26[2] - Total revenues for Q4 2024 reached $1,525.3 million, a 6.0% increase from $1,439.3 million in Q4 2023[17] - Net income for Q4 2024 was $874.6 million, up 7.4% from $814.6 million in Q4 2023[19] - Adjusted net income attributable to common shareholders for Q4 2024 was $907.4 million, compared to $853.8 million in Q4 2023, reflecting a 6.3% increase[19] - Operating income for the year ended December 31, 2024, was $3,931.5 million, a 14.5% increase from $3,435.7 million in 2023[17] - The company reported a basic earnings per share of $2.40 for Q4 2024, compared to $2.24 in Q4 2023, representing a 7.1% increase[19] Volume and Fees - Average daily volume (ADV) for Q4 2024 was 25.5 million contracts, consistent with Q4 2023, including a 5% increase in non-U.S. ADV[3] - Average daily volume (ADV) for Q4 2024 was 25,503 thousand contracts, a decrease of 3.9% from 26,360 thousand contracts in Q3 2024[24] - Clearing and transaction fees revenue for Q4 2024 totaled $1.2 billion, with an average rate per contract of $0.701[6] - The average rate per contract (RPC) for Q4 2024 was $0.701, an increase from $0.682 in Q4 2023[26] Cash and Dividends - As of December 31, 2024, the company had approximately $3.1 billion in cash and $3.4 billion in debt[7] - The company declared dividends of $3.8 billion in 2024, including a variable dividend of $2.1 billion[7] - A first-quarter dividend of $1.25 per share was declared, representing a 9% increase from the previous level[7] Strategic Outlook - CME Group achieved record annual average daily volume and revenue across all asset classes in 2024[3] - The company plans to continue providing products and services to help clients manage risk amid economic and geopolitical uncertainty[3] Investment Income and Expenses - Investment income for Q4 2024 was $936.5 million, down from $1,076.9 million in Q4 2023[17] - Total expenses for Q4 2024 were $578.2 million, slightly up from $576.1 million in Q4 2023[17]
CME Group Inc. Reports All-Time Record Annual Revenue, Adjusted Operating Income, Adjusted Net Income and Adjusted Earnings Per Share for 2024
Prnewswire· 2025-02-12 12:00
Record revenue of $6.1 billion for full-year 2024, up 10% CHICAGO, Feb. 12, 2025 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today reported financial results for the fourth quarter and full year of 2024. The company 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. Financial res ...
CME Group Announces First Trades of Physically-Delivered Ethanol Futures & Options
Prnewswire· 2025-02-10 15:30
CHICAGO, Feb. 10, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced its new physically-delivered Ethanol futures and options are now available for trading. A total of five futures contracts traded on February 7, 2025."We are pleased to see industry support for our latest Ethanol contracts, which have enhanced specifications and are complementary to our existing suite of renewable fuel products," said Peter Keavey, Global Head of Energy and Environmental Products at ...
CME Group's Expanded Suite of Short-Term Agricultural Options Now Available for Trading
Prnewswire· 2025-02-10 14:30
CHICAGO, Feb. 10, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its expanded suite of Weekly agricultural options on grains and oilseed futures, which now include an expiry for every day of the trading week, are available for trading."With an expiry now available for every day of the week, CME Group will provide market participants with maximum flexibility as we head into the growing season," said John Ricci, Managing Director and Global Head of Agricultur ...
CME Group Gears Up to Report Q4 Earnings: Here's What to Expect
ZACKS· 2025-02-10 14:10
CME Group Inc. (CME) is slated to report fourth-quarter 2024 earnings on Feb. 12, before market open. CME's earnings beat estimates in each of the trailing four quarters.See the Zacks Earnings Calendar to stay ahead of market-making news.Factors to ConsiderA diverse product portfolio, increased volatility and a strong market position are likely to have aided CME Group’s performance in the fourth quarter.Increases in market data and information services, clearing, transaction fees and other revenues are expe ...
Ahead of CME (CME) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
ZACKS· 2025-02-07 15:21
Wall Street analysts expect CME Group (CME) to post quarterly earnings of $2.44 per share in its upcoming report, which indicates a year-over-year increase of 3%. Revenues are expected to be $1.51 billion, up 4.6% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...
CME Group Inc. Names Slate of Director Nominees
Prnewswire· 2025-02-06 14:30
CHICAGO, Feb. 6, 2025 /PRNewswire/ -- CME Group Inc., the world's leading derivatives marketplace, today announced its slate of candidates for its board of directors for election at the company's annual meeting to be held Thursday, May 8, 2025.The board of directors recommends the Class A and Class B shareholders voting together elect the following individuals to the board: Terrence A. Duffy, 66, Chairman and Chief Executive Officer, CME Group Kathryn Benesh, 65, CPA, Retired Partner, Deloitte Timothy S. Bi ...
CME Group Reports Record January ADV of 25.7 Million Contracts
Prnewswire· 2025-02-04 12:30
Record January ADV for energy, agricultural and cryptocurrency products Record January ADV in U.S. Treasury futures and optionsCHICAGO, Feb. 4, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today reported its January 2025 market statistics reached 25.7 million contracts, the highest January average daily volume (ADV) on record, up 2% year-over-year. Market statistics are available in greater detail at https://cmegroupinc.gcs-web.com/monthly-volume.January 2025 ADV across asse ...
'No-Brainer' Buys: If I Could Only Own 2 Dividend Stocks
Seeking Alpha· 2025-01-31 12:30
Join iREIT on Alpha today to get the most in-depth research that includes REITs, mREITs, Preferreds, BDCs, MLPs, ETFs, and other income alternatives. 438 testimonials and most are 5 stars. Nothing to lose with our FREE 2-week trial .Analyst’s Disclosure: I/we have a beneficial long position in the shares of LB, TPL, CME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking ...
CME Group to Launch Micro-Sized Grains and Oilseed Futures on February 24
Prnewswire· 2025-01-30 14:30
CHICAGO, Jan. 30, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will launch a suite of micro grain and oilseed futures contracts on February 24, 2025, pending regulatory review. These contracts will be cash-settled and one-tenth the size of the company's Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures."Our benchmark grain and oilseed futures products are the most liquid and highly-utilized markets in global agriculture today," said John Ricci, Man ...