Filing Flows › CME Group (CME) › Q2 2026 › vs Q1 2026
CME Group (CME) Q2 2026 vs Q1 2026 (quarter over quarter)
CME Group's revenue fell $174M (-9%) from $1.9B in Q1 2026 to $1.7B in Q2 2026. The biggest changes: Clearing and transaction fees −$190M (-12%); Market data and information services +$14.0M (+6%); Other +$2.2M (+2%). Operating margin 64.9% against 69.7% (-4.8 pts).
CME Group, Q2 2026: revenue $1.7B (+0.8% year over year), operating margin 64.9%, net earnings $1.0B, operating cash flow $947M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 64.9% | 69.7% | -4.8 pts |
| Net margin | 61.1% | 61.4% | -0.3 pts |
| Free cash flow margin | 54.1% | 65.9% | -11.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Clearing and transaction fees | $1.4B | $1.5B | −$190M | -12% |
| Market data and information services | $238M | $224M | $14.0M | +6% |
| Other | $116M | $113M | $2.2M | +2% |
| Revenue | $1.7B | $1.9B | −$174M | -9% |
| Other income, net | $221M | $201M | $19.4M | +10% |
| Operating profit | $1.1B | $1.3B | −$203M | -15% |
| Costs & expenses | $599M | $570M | $28.7M | +5% |
| Pre-tax earnings | $1.3B | $1.5B | −$183M | -12% |
| Net earnings | $1.0B | $1.2B | −$112M | -10% |
| Income tax | $286M | $357M | −$70.7M | -20% |
| Depreciation & amortization | $84.2M | $83.3M | $900K | +1% |
| Share-based compensation | $24.8M | $21.8M | $3.0M | +14% |
| Working capital & other | $204M | −$500K | $204M | — |
| Operating cash flow | $947M | $1.3B | −$313M | -25% |
| Free cash flow (OCF − capex) | $924M | $1.2B | −$315M | -25% |
| Capital expenditures | $23.6M | $21.8M | $1.8M | +8% |
Questions
How much did CME Group's revenue grow quarter over quarter in Q2 2026?
CME Group's revenue fell $174M (-9%) from $1.9B in Q1 2026 to $1.7B in Q2 2026.
What drove CME Group's revenue change in Q2 2026?
Clearing and transaction fees −$190M (-12%); Market data and information services +$14.0M (+6%); Other +$2.2M (+2%).