CME - CME Group Q4 earnings beat as market volatility fuels record ADV
- CME Group ( NASDAQ: CME ) turned in stronger-than-expected fourth-quarter earnings Wednesday as the exchange logged record trading volume driven by volatile markets.
- Q4 adjusted EPS of $1.92, exceeding the average analyst estimate of $1.88, slid from $1.98 in Q3 and climbed from $1.66 in the year-ago quarter. Revenue of $1.21B, matching the consensus, decreased from $1.23B in the prior quarter and advanced from $1.15B a year earlier.
- Average daily volume was 21.8M contracts for Q4, up 6% from Q4 2021, led by double-digit growth in equity index and foreign exchange.
- Clearing and transaction fees slipped to $981.4M from $998.6M in Q3, but increased from $949.3M in the year-earlier quarter.
- Total expenses were $539.5M compared with $489.0M in Q3 and $515.6M in Q4 2021.
- Operating income of $668.3M vs. $738.8M in Q3 and $631.7M a year before.
- CME drifted up 1% in premarket trading.
- Conference call at 8:30 a.m. ET.
- Earlier, CME Non-GAAP EPS of $1.92 beats by $0.04 .
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CME Group Q4 earnings beat as market volatility fuels record ADV