CME Group (CME)
Operates global derivatives exchanges, clearing, and electronic fixed-income and foreign-exchange markets.
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Operates futures and options exchanges across interest rates, equity indexes, currencies, agriculture, energy, metals and cryptocurrencies, alongside BrokerTec fixed-income and EBS foreign-exchange markets. Most revenue comes from transaction and clearing fees, supported by market data subscriptions and benchmark licensing.
Runs futures and options markets through CME, CBOT, NYMEX and COMEX, spanning interest rates, equity indexes, foreign exchange, agriculture, energy, metals and cryptocurrencies. CME Globex handles most electronic trading, while CME Clearing stands between buyers and sellers and manages margin and settlement.
Extends beyond listed derivatives through BrokerTec for cash government bonds and repo, EBS for spot and over-the-counter foreign exchange, and services for market data, analytics and benchmarks. Pairing benchmark contracts with integrated clearing helps participants manage risk and margin across portfolios.
Earns most revenue from transaction and clearing fees, supplemented by data subscriptions, access fees and benchmark licensing. Trading demand moves with market volatility and hedging activity, while regulated exchanges, clearing houses and cash-market venues operate across the United States, United Kingdom and European Union.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 19, 2026 | Deutsche Bank | Downgrade | Target: $300 | Target: $270 |
| Jul 23, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $324 | Target: $330 |
| Jul 15, 2026 | Piper Sandler | Reiterate | Rating: —Target: $320 | Target: $295 |
| Jul 10, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $353 | Target: $324 |
| Jul 6, 2026 | UBS | Reiterate | Rating: —Target: $310 | Target: $260 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.28B · Total debt $3.42B · Total assets $194.68B · Shareholders' equity $26.52B
- Revenue
- $1.71B
- Operating income
- $1.11B
- Net income
- $1.04B
HistoryDividendAnnual yield
| Institutions | 90.18% | 324.27M shares | |
|---|---|---|---|
| 1,766 holders · as of Jun 30, 2026 | |||
| Insiders | 0.16% | 562.5K shares | |
| 28 holders · as of Sep 17, 2026 | |||
| Other | 9.66% | 34.74M shares | |
| remainder | |||
359.58M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This company has 5 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.50% | 30.57M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.58% | 23.66M A | as of Jun 30, 2026 |
State Street CorpInstitution | 4.55% | 16.35M A | as of Jun 30, 2026 |
Morgan StanleyInstitution | 2.71% | 9.73M A | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.58% | 9.27M A | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Elizabeth A. Cook | director | −500 | $280.11 |
| Sep 10, 2026 | Terrence A. Duffy | director, officer: Chairman and CEO | −15,000 | $274.44 |
| Jun 25, 2026 | William R. Shepard | director | +339 | $230.57 |
| May 18, 2026 | Hilda Harris Piell | officer: Sr MD & Chief HR Officer | −5,753 | $304.63 |
| May 15, 2026 | Terrence A. Duffy | director, officer: Chairman and CEO | −35,000 | $298.51 |
- Intercontinental Exchange
Closest US peer: energy, agricultural, financial futures, clearing, and data.
- Cboe Global Markets
Dominant US equity-index and volatility options; VIX/SPX vs CME equity futures.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CME Group | $269.51 | −2.19% | $99.07B | 23.4 | 21.7 | 14.6 | +0.8% |
| Intercontinental Exchange | $152.81 | −1.65% | $87.22B | 21.9 | 18.6 | 6.5 | −18.3% |
| Cboe Global Markets | $266.10 | −1.96% | $28.41B | 21.2 | 18.7 | 5.6 | −37.7% |
| Median | 21.6 | 18.6 | 6.1 | −28.0% |