CME news: Q2 2026 ADV of 29.8 million, market data hits record
CME Group reported second-quarter revenue of $1.7 billion, average daily volume of 29.8 million contracts and record market data revenue of $238 million.
| Metric (Q2 2026) | Q2 2026 | Q2 2025 |
|---|---|---|
| Revenue | $1,706.2M | $1,692.0M |
| Operating income | $1,107.1M | $1,129.3M |
| Net income | $1,041.8M | $1,025.1M |
| Diluted EPS | $2.88 | $2.81 |
| Adjusted diluted EPS | $2.99 | $2.96 |
| Average daily volume | 29.8M contracts | 30.2M contracts |
| Average rate per contract | $0.678 | $0.690 |
| Market data revenue | $238.1M | $198.1M |
CHICAGO - CME Group reported second-quarter 2026 results on Wednesday, with revenue of $1.7 billion and net income of $1.0 billion. Diluted earnings per share were $2.88, or $2.99 on an adjusted basis. The company called the first half of 2026 the strongest in its history across revenue, adjusted operating income, adjusted net income and adjusted earnings per share.
Futures market volumes
Average daily volume (ADV) in the quarter was 29.8 million contracts, the third-highest quarterly ADV on record, including 9.1 million contracts outside the United States. That was slightly below the 30.2 million contracts a year earlier and well below the 36.2 million in the first quarter of 2026, which Chairman and CEO Terry Duffy described as record trading. Second-quarter volume was the second-highest for any Q2.
By product line, interest rate ADV was 14.5 million contracts, equity indexes 8.6 million, energy 2.7 million, agricultural commodities 2.1 million, foreign exchange 1.0 million and metals 0.9 million. Energy ADV was down from 3.1 million a year earlier, while agricultural commodities rose from 1.96 million. Metals were flat at about 0.9 million.
Clearing and transaction fees revenue was $1.35 billion, down from $1.39 billion a year earlier, and the average rate per contract slipped to $0.678 from $0.690. By product, the rate was $0.480 for interest rates, $0.605 for equity indexes, $0.813 for foreign exchange, $1.131 for energy, $1.426 for agricultural commodities and $1.315 for metals.
Electronic trading carried the volume. CME Globex averaged 27.9 million contracts a day, against 0.8 million in open outcry and 1.1 million in privately negotiated trades.
Market data and new products
Market data revenue rose 20% to a record $238 million. Duffy also cited more than $95 billion in daily margin efficiencies provided to clients during the quarter, a new high, and pointed to new offerings including single-stock futures, one-ounce gold contracts available around the clock, U.S. Treasury clearing and compute futures.
Balance sheet and capital return
At June 30, CME held $2.3 billion in cash, including $200 million deposited with the Fixed Income Clearing Corporation, against $3.4 billion of debt. It paid dividends of about $468 million and repurchased $695 million of its common shares during the quarter. For the first six months, revenue was $3.59 billion against $3.33 billion a year earlier, and adjusted diluted EPS was $6.35 against $5.75.
Operating income edged down 2% in the quarter, to $1.107 billion, as expenses rose to $599.1 million from $562.7 million, with technology costs at $83.3 million against $70.9 million and compensation and benefits at $233.5 million against $221.6 million. Net income still rose 2%. Non-operating income of $220.6 million, against $201.0 million, nearly offset the operating decline, leaving pre-tax income about flat at $1.33 billion, and the income tax provision fell to $285.9 million from $305.2 million.
Prepared with AI assistance from public sources and reviewed under our editorial policy. Not investment advice.