CME Financial Services

CME Group Inc.

$304.06-0.71%

Price as of close on Nov 3, 2026 · Financials updated Oct 6, 2026

Basics

Sector: Financial Services
Industry: Financial Data & Stock Exchanges
Country: United States
Market cap: 109.3B USD
Enterprise value: 110.9B USD
Full-time employees: 3,875

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: less short-term liquidity (current ratio 1.02 vs a peer median of 2.02)less liquidity (current ratio 1.02 vs peers 2.02)
About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #105 of 232 financial services companies (top 46%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 98% of reported profit.
CME's free cash flow is 98% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.
Wide margins. Operating margin 65% (12 months to Jun 2026) vs a peer median of 24%.Operating margin 65% vs peers 24%.
CME keeps 65% of revenue as operating profit, more than 93% of peers (median 24%).
Steadier share price. Beta 0.27: tends to move less than the market.
CME's shares have swung less with the market than most peers' (beta 0.27, below the market's 1.0).

StockQuotient Score

53/ 100▼ 1 since Oct 27 close

Oct 5 54 → Nov 4 53 (-1)

Valuation

Is the price right?

27/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield3.9%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.49Sector median: 0.0571 · MAD: 0.0371

EBITDA yield4.3%

Yahoo Finance fallback · SEC enterprise value unavailable (debt or EBITDA not reported in standard form) · trailing 12 monthsReported value50% base weight · Z-score -0.60Sector median: 0.0689 · MAD: 0.0428

Free cash flow yield3.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -0.38Sector median: 0.0613 · MAD: 0.0605

Other data (not scored)

Book yield24.1%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.8352 · MAD: 0.4517

Growth

Is it growing?

44/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Close to the peer norm on every measure.

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth13.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.13Sector median: 0.0999 · MAD: 0.2773

3-year revenue growth8.9%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score -0.12Sector median: 0.0999 · MAD: 0.0858

Revenue growth5.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.16Sector median: 0.0742 · MAD: 0.1477

Profitability

Does it earn well?

77/100

Moderate▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Score 78 → 77

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Stronger than most peers on:

▲ Operating margin
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin65.1%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 2.84Sector median: 0.2353 · MAD: 0.1462

Return on assets2.2%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.15Sector median: 0.0256 · MAD: 0.0233

Return on invested capital14.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.54Sector median: 0.0630 · MAD: 0.0518

Other data (not scored)

Gross margin100.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.7878 · MAD: 0.2122

Return on equity16.2%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0939 · MAD: 0.0702

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why it changed since the Oct 27, 2026 close: Safety percentile 66 → 65

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ Beta
▲ Debt / equity
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.27

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 1.38Sector median: 0.7010 · MAD: 0.3115

Current ratio1.02×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.81Sector median: 2.0250 · MAD: 1.2470

Debt / equity0.15×

Yahoo Finance fallback · no standard SEC debt tagReported value33% base weight · Z-score 0.78Sector median: 0.5734 · MAD: 0.5454

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about CME

Is CME getting weaker?: Its latest SEC filing (Jul 24, 2026) showed no major changes. Its overall score is 53/100, down 1 since Oct 28, 2026.
How is CME valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 432 financial services peers. EBITDA yield 4.3% vs a peer median of 6.9% (weaker than 68% of peers).EBITDA yield 4.3% vs peers 6.9% (weaker than 68% of peers).
Is CME growing?: At about the same pace as its peers. Growth scores 44/100 against 432 financial services peers.
How profitable is CME?: More profitable than most of its peers. Profitability scores 77/100 against 432 financial services peers. Operating margin 65.1% vs a peer median of 23.5% (stronger than 93% of peers).Operating margin 65.1% vs peers 23.5% (stronger than 93% of peers).
How risky is CME?: Moderate risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Beta 0.27 vs a peer median of 0.70 (stronger than 90% of peers).Beta 0.27 vs peers 0.70 (stronger than 90% of peers). Current ratio 1.02× vs a peer median of 2.02× (weaker than 80% of peers).Current ratio 1.02× vs peers 2.02× (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Jul 24, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	6.8B USD	6.8B USD	+0.2%
Net income (12 months)	4.3B USD	4.3B USD	+0.4%
Operating margin	65.6%	65.1%	−0.5 pts
Free cash flow (12 months)	4.3B USD	4.2B USD	−2.7%
Cash	2.4B USD	2.1B USD	−10.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Financial Services · 98 companies

Valuations in Financial Services are above their usual range since 2016.

67% of months since 2016 were valued lower than now.
32% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +7% and earnings +21% (medians): prices and earnings moved broadly together.
Median price-to-sales is +30% vs the whole market, against a usual +47%.

2016Shaded: most expensive fifth of its range2026

Shown for Financial Services: too few Financial Data & Stock Exchanges companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	56.4%	60.1%	61.6%	64.1%	64.9%	▲ 0.7 pts
Net margin	56.2%	53.6%	57.8%	57.5%	62.5%	▲ 4.9 pts
Return on assets (ROA)	1.3%	1.5%	2.5%	2.6%	2.1%	▼ 0.5 pts
Return on equity (ROE)	9.6%	10.0%	12.1%	13.3%	14.2%	▲ 0.9 pts
Free cash flow margin	48.5%	59.1%	60.5%	58.7%	64.3%	▲ 5.6 pts
Current ratio	1.01×	1.01×	1.02×	1.01×	1.03×	▲ 2.4%
Debt to equity	0.03×	0.00×	0.00×	0.03×	0.00×	▼ 100%

CME price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: less short-term liquidity (current ratio 1.02 vs a peer median of 2.02)less liquidity (current ratio 1.02 vs peers 2.02)

About average: growth and risk (debt, liquidity and share-price swings)growth and risk

Ranks #105 of 232 financial services companies (top 46%)

See how it ranks against its peers

Worth knowing

Profit is backed by cash. Free cash flow is 98% of reported profit.

CME's free cash flow is 98% of its reported profit, so its earnings are turning into cash it can reinvest, pay out or use to reduce debt.

Wide margins. Operating margin 65% (12 months to Jun 2026) vs a peer median of 24%.Operating margin 65% vs peers 24%.

CME keeps 65% of revenue as operating profit, more than 93% of peers (median 24%).

Steadier share price. Beta 0.27: tends to move less than the market.

CME's shares have swung less with the market than most peers' (beta 0.27, below the market's 1.0).

Questions investors ask about CME

Is CME getting weaker?

Its latest SEC filing (Jul 24, 2026) showed no major changes. Its overall score is 53/100, down 1 since Oct 28, 2026.

How is CME valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 27/100 against 432 financial services peers. EBITDA yield 4.3% vs a peer median of 6.9% (weaker than 68% of peers).EBITDA yield 4.3% vs peers 6.9% (weaker than 68% of peers).

Is CME growing?

At about the same pace as its peers. Growth scores 44/100 against 432 financial services peers.

How profitable is CME?

More profitable than most of its peers. Profitability scores 77/100 against 432 financial services peers. Operating margin 65.1% vs a peer median of 23.5% (stronger than 93% of peers).Operating margin 65.1% vs peers 23.5% (stronger than 93% of peers).

How risky is CME?

Moderate risk relative to 432 financial services peers, judged on debt, liquidity and share-price swings. Beta 0.27 vs a peer median of 0.70 (stronger than 90% of peers).Beta 0.27 vs peers 0.70 (stronger than 90% of peers). Current ratio 1.02× vs a peer median of 2.02× (weaker than 80% of peers).Current ratio 1.02× vs peers 2.02× (weaker than 80% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

6.8B USD

6.8B USD

+0.2%

Net income (12 months)

4.3B USD

4.3B USD

+0.4%

Operating margin

65.6%

65.1%

−0.5 pts

Free cash flow (12 months)

4.3B USD

4.2B USD

−2.7%

Cash

2.4B USD

2.1B USD

−10.3%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

56.4%

60.1%

61.6%

64.1%

64.9%

▲ 0.7 pts

Net margin

56.2%

53.6%

57.8%

57.5%

62.5%

▲ 4.9 pts

Return on assets (ROA)

1.3%

1.5%

2.5%

2.6%

2.1%

▼ 0.5 pts

Return on equity (ROE)

9.6%

10.0%

12.1%

13.3%

14.2%

▲ 0.9 pts

Free cash flow margin

48.5%

59.1%

60.5%

58.7%

64.3%

▲ 5.6 pts

Current ratio

1.01×

1.02×

1.01×

1.03×

▲ 2.4%

Debt to equity

0.03×

0.00×

0.03×

0.00×

▼ 100%