CME Group Inc
0HR2.L
$265.33 0.23%
Exchange: LSE | Sector: Financial Services | Industry: Financial Diversified
Q3 2024
Published: Nov 8, 2024

Earnings Highlights

  • Revenue of $1.58B up 18.4% year-over-year
  • EPS of $2.50 increased by 21.8% from previous year
  • Gross margin of 86.2%
  • Net income of 912.80M
  • ""Our diversified product line allows us to navigate through a stabilization in markets while also capitalizing on opportunities in a fluctuating environment," said CME Group's CEO." - CEO

CME Group Inc (0HR2.L) QQ3 2024 Results: Resilient Growth and Strategic Positioning

Executive Summary

CME Group Inc (0HR2.L) delivered a strong financial performance for QQ3 2024, showcasing impressive revenue growth of 18.43% year-over-year, totaling $1.58 billion. This uptrend reflects the continued demand for futures and options trading amid fluctuating market conditions. Notably, net income rose to $912.8 million, marking a 21.67% increase compared to the previous year, reinforcing the company's profitability and operational effectiveness. Management emphasized a commitment to innovation and enhancing client services, which could further bolster market share and sustain financial health. The sustained growth trajectory is underscored by both operational and financial metrics. Gross profit margin remains robust at 86.19%, indicating efficient cost management amidst increasing revenues. As CME Group capitalizes on its diversified offerings across interest rates, equity indexes, and commodities, it solidifies its strategic market positioning against competitors in the financial services sector.

Key Performance Indicators

Revenue

1.58B
QoQ: 3.39% | YoY:18.43%

Gross Profit

1.37B
86.19% margin
QoQ: 2.85% | YoY:20.60%

Operating Income

1.02B
QoQ: 2.36% | YoY:24.87%

Net Income

912.80M
QoQ: 3.35% | YoY:21.67%

EPS

2.51
QoQ: 3.29% | YoY:21.84%

Revenue Trend

Margin Analysis

Key Insights

1. **Revenue**: $1.58 billion (18.43% YoY, 3.39% QoQ) 2. **Gross Profit**: $1.37 billion (20.60% YoY, 2.85% QoQ) 3. **Operating Income**: $1.02 billion (24.87% YoY, 2.36% QoQ) 4. **Net Income**: $912.8 million (21.67% YoY, 3.35% QoQ) 5. **EPS**: $2.51 (21.84% YoY, 3.29% QoQ) 6. **Operating Margin**: 64.64% 7. **Net Margin**: 57.61% Key changes reflect improved trading volumes and cost efficiency initiatives. The operational efficiencies are a direct result of strategic investments...

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 1,692.00 2.81 +10.4% View
Q1 2025 1,642.30 2.62 +10.4% View
Q4 2024 1,525.30 2.40 +6.0% View
Q3 2024 1,584.40 2.50 +18.4% View
Q2 2024 1,532.50 2.42 +12.7% View