CME Group Inc. (CME) Stock

CME Group Inc. (CME) is a Financials stock trading at $245.03 (as of 2026-07-17), with a market capitalization of $89.00B and a trailing P/E of 20.8. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

CME Group Inc. operates contract markets for trading futures and options on futures and offers products spanning areas such as interest rates, equity indexes, foreign exchange, agricultural commodities, energy, metals, and fixed income. It also provides clearing and settlement services and related risk and trade processing, along with market data for traders, financial institutions, and other market participants.

Understand CME Group Inc.: how it makes money

CME Group operates global futures and options contract markets and makes money by earning transaction and clearing-related fees, including clearing, settling, and guaranteeing futures and options contracts, plus revenue from market data and information services.

CME’s profit engine is trading-linked, because it earns revenue from both (1) contract trading on its exchanges and (2) the clearing, settling, and guarantee of those futures and options through its clearing house services, with additional support from market data and information services.

Business quality (Strong): Clear business model, but the provided data does not include a clean, mutually exclusive, official segment revenue breakdown that sums to the stated total revenue.

Valuation: At 21× earnings, CME trades 37% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

Integrated exchange and clearing model: CME provides both trading of futures and options and clearing house services (clearing, settling, and guaranteeing), which ties its revenue to the same contract activity it enables.
Diversified product and service set: CME offers futures and options across multiple categories (interest rates, equity indexes, foreign exchange, agricultural commodities, energy, and metals) and also provides cleared swaps and trade processing and risk mitigation services.

Bear case

Revenue sensitivity to trading activity: Because clearing and transaction fees revenue depends on contract trading and clearing activity, any slowdown in trading volumes or activity on CME markets could pressure results.
Concentration in market infrastructure and exchange economics: The business relies on maintaining and running contract markets and clearing processes across many product types, so changes in market structure or participant behavior could affect fee revenue.

Valuation — source: SEC EDGAR (first-party)
Price	$245.03
Market Cap	$89.00B
P/E Ratio	20.8
EV / EBITDA	-17.3
Price / Book	3.34
Price / Sales	13.17
FCF Yield	4.9%
DCF Value (model)	$240.77
DCF Upside vs Price	-1.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$6.52B
Net Margin	62.5%
Revenue Growth (YoY)	14.5%
EPS Growth (YoY)	23.6%
FCF Growth (YoY)	12.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.49 (distress)

Valuation vs Sector & Industry
Stock P/E	20.8
Sector P/E (Financials)	15.5
Industry P/E (Trading)	35.0
vs Sector	34.4%
vs Industry	-40.5%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($9.80B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Financials
Industry	Trading
CEO	Terrence A. Duffy
Employees	3,760
Country	US
IPO Date	2002-12-06

Related Companies (Business model: Exchange / Data & Analytics Toll Businesses; 8 closest by market cap)

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.