CME Group Reports $1.2 Billion in Revenue for 2Q, Net Income of $583 Million

Chicago, IL — CME Group Inc. on Wednesday reported revenue of $1.2 billion and operating income of $638 million for the second quarter of 2020.

Net income was $503 million and diluted earnings per share were $1.40 for the period ended June 30.

On an adjusted basis, net income was $583 million and diluted earnings per share were $1.63. Financial results presented on an adjusted basis for the second quarter of 2020 and 2019 exclude certain items, which are detailed in the reconciliation of non-GAAP results.

Operating income in the second quarter of 2019 was $699 million on $1.3 billion in revenue, while net income was $514 million.

"Despite the difficult circumstances the coronavirus pandemic has caused around the world, our markets have continued to help clients manage their risk and navigate uncertainty," said CME Group Chairman and Chief Executive Officer Terry Duffy. "I am extremely proud of the way our employees have ensured the resiliency of our systems and effective operations of our markets while working from home.

"As we look ahead, we remain committed to promoting the safety of our employees while continuing to facilitate the risk transfer and price discovery needed to help business and economies everywhere recover from this crisis."

Second-quarter 2020 ADV was 17.6 million contracts, including non-U.S. ADV of 4.9 million contracts.

Clearing and transaction fees revenue for second-quarter 2020 totaled $940.2 million. The total average rate per contract was $0.731. Market data revenue totaled $134.7 million for second-quarter 2020.

As of June 30, 2020, the company had approximately $1.5 billion in cash (including $125 million deposited with Fixed Income Clearing Corporation (FICC) and included in other current assets) and $3.4 billion of debt.

To see the financial report, click here.

To view a summary of the 2Q results, click here.

Related Articles:

Bunge Reports Earnings of $516 Million in 2Q, Raises 2020 Outlook

Australia's Bumper Wheat Forecast Lifting Its Economic Hopes Amid Pandemic

Post-Harvest Grain Quality: Empty Bins, Attend to Aeration Maintenance