CME CME Group
FY2025 10-K
CME Group (CME) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Global derivatives exchange operator: trading, clearing, and data services across interest rates, equities, FX, commodities, and crypto
- • Two new 2025 platform launches: BrokerTec Chicago (second CLOB for cash U.S. Treasuries co-located with futures) and FX Spot+ (connects OTC spot FX with futures liquidity)
Management Discussion & Analysis
- • Revenue $6,520.6M in 2025, up ~6.4% YoY from $6,130.1M; clearing & transaction fees $5,281.1M (+5.9%), market data $803.1M (+13.1%)
- • Operating margin 64.9% vs 64.1% in 2024; net income $4,072.2M vs $3,525.8M; diluted EPS $11.16 vs $9.67
Risk Factors
- • FMX Futures Exchange and prediction market platforms (via FanDuel JV) directly targeting CME's derivatives and event-contract segments; litigation ongoing across multiple jurisdictions
- • Basel III Endgame and potential GSIB capital surcharge changes could raise bank clearing firm capital requirements, reducing their trading activity in CME markets
Financial SummaryXBRL
Revenue
$6.5B
Net Income
$4.1B
Operating Margin
64.9%
Net Margin
62.5%
ROE
14.2%
Total Assets
$198.4B
EPS (Diluted)
$11.16
Operating Cash Flow
$4.3B
Source: XBRL data from CME Group FY2025 10-K filing on SEC EDGAR. All figures in USD.
Other CME Group Annual Reports
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