Filing Flows › CME Group (CME) › Q3 2025
CME Group (CME) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 24, 2025
CME Group (CME) reported revenue of $1.5B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -9% from the quarter before. Operating margin was 63.3%, net earnings $908M (59.1% of revenue).
CME Group, Q3 2025: revenue $1.5B (-3% year over year), operating margin 63.3%, net earnings $908M, operating cash flow $968M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | -9% | -3% |
| Operating profit | $973M | -14% | -5% |
| Net earnings | $908M | -11% | -0.5% |
| Operating cash flow | $968M | -9% | -3% |
| Free cash flow | $950M | -9% | -2% |
What changed
Revenue was $1.5B in Q3 2025, down 3% year over year and down 9% from the previous quarter. Clearing and transaction fees was the largest line at 80% of revenue. Clearing and transaction fees lost $0.07B year over year (down 5%), 148% of the total change.
Operating profit was $1.0B, a 63.3% margin (down 1.4 points year over year). Total costs grew 1% against a revenue fall of 3%. Net earnings were $0.91B, up 1% year over year. The effective tax rate was 22.9%.
Operating cash flow was $1.0B (down 3% year over year), 107% of net earnings. Non-cash charges added back $0.08B of depreciation and amortization and $0.02B of share-based compensation. Capital expenditures of $0.02B left free cash flow of $0.95B.
Questions
What was CME Group's revenue in the third quarter 2025?
CME Group (CME) reported revenue of $1.5B for the third quarter 2025 (Q3 2025), -3% from a year earlier and -9% from the quarter before.
Was CME Group profitable in the third quarter 2025?
Operating profit was $973M (63.3% of revenue) and net earnings $908M.
Source: CME Group 10-Q on SEC EDGAR.