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CME Group(CME) - 2024 Q3 - Quarterly Results
CMECME Group(CME)2024-10-23 11:06

Financial Performance - Record revenue of 1.6billionforQ32024,markingthebestquarterinCMEGrouphistory[2]−AdjustednetincomeforQ32024was1.6 billion for Q3 2024, marking the best quarter in CME Group history[2] - Adjusted net income for Q3 2024 was 977 million, with diluted earnings per share of 2.68[2]−TotalrevenuesforthequarterendedSeptember30,2024,were2.68[2] - Total revenues for the quarter ended September 30, 2024, were 1,584.4 million, a 18.4% increase from 1,337.8millioninthesamequarterof2023[10]−Operatingincomeforthequarterwas1,337.8 million in the same quarter of 2023[10] - Operating income for the quarter was 1,024.2 million, up 24.8% from 820.2millionyear−over−year[10]−Netincomeattributabletocommonshareholderswas820.2 million year-over-year[10] - Net income attributable to common shareholders was 901.3 million, compared to 740.8millionintheprioryear,representinga21.7740.8 million in the prior year, representing a 21.7% increase[10] - Adjusted net income for the quarter was 977.0 million, compared to 818.0millioninthesamequarterlastyear,reflectinga19.5818.0 million in the same quarter last year, reflecting a 19.5% increase[14] - Basic earnings per share attributable to common shareholders was 2.51 for Q3 2024, up from 2.06inQ32023[15]TradingVolume−Averagedailyvolume(ADV)reachedarecord28.3millioncontracts,witha282.06 in Q3 2023[15] Trading Volume - Average daily volume (ADV) reached a record 28.3 million contracts, with a 28% increase in financial product volumes[2] - Average Daily Volume (ADV) for total trading was 28,289 thousand contracts in Q3 2024, a 26.6% increase from 22,349 thousand contracts in Q3 2023[12] - Interest rates futures saw a 36% increase, reaching a record ADV of 14.9 million contracts[2] - Commodities volume increased by 20%, while options volume rose by 27%[2] Revenue Sources - Clearing and transaction fees revenue for Q3 2024 totaled 1.3 billion, with an average rate per contract of 0.666[3]−Theaverageratepercontract(RPC)fortotaltradingwas0.666[3] - The average rate per contract (RPC) for total trading was 0.666 in Q3 2024, down from 0.707inQ32023[13]−Investmentincomeforthequarterwas0.707 in Q3 2023[13] - Investment income for the quarter was 1,026.8 million, down from 1,272.5millioninthesamequarterofthepreviousyear[10]FinancialPosition−CashandcashequivalentsasofSeptember30,2024,totaledapproximately1,272.5 million in the same quarter of the previous year[10] Financial Position - Cash and cash equivalents as of September 30, 2024, totaled approximately 2.6 billion[3] - Total assets increased to 137.8billionasofSeptember30,2024,comparedto137.8 billion as of September 30, 2024, compared to 129.7 billion at the end of 2023[9] - Total liabilities rose to 109.6billion,withlong−termdebtat109.6 billion, with long-term debt at 2.7 billion[9] Expenses - Total expenses for the quarter were 560.2million,anincreasefrom560.2 million, an increase from 517.6 million in Q3 2023, reflecting a 8.2% rise[10] Shareholder Returns - The company returned approximately $25.6 billion to shareholders in dividends since 2012[3] Trading Days - The company reported a total of 636 trading days in Q3 2024, consistent with the previous quarter[11]