February 8, 2023 – CME Group Inc. (NASDAQ: CME) today reported financial results for the fourth quarter and full year of 2022.
Q4 adjusted earnings of $1.92 per diluted share, Analysts polled by Capital IQ expected $1.88.
Revenue for the quarter ended Dec. 31 was $1.21 billion, Analysts surveyed by Capital IQ expected $1.21 billion.
The company reported revenue of $1.2 billion and operating income of $668 million for the fourth quarter of 2022. Net income was $638 million and diluted earnings per common share were $1.75. On an adjusted basis, net income was $698 million and diluted earnings per common share were $1.92.
Total revenue for full-year 2022 was $5.0 billion and operating income was $3.0 billion. Net income was $2.7 billion and diluted earnings per common share were $7.40. On an adjusted basis, net income was $2.9 billion, and diluted earnings per common share were $7.97.
Fourth-quarter 2022 average daily volume (ADV) was 21.8 million contracts, up 6% versus fourth-quarter 2021. Non-U.S. ADV for full-year 2022 reached a record 6.3 million contracts, up 15% compared with the same period in 2021.
Clearing and transaction fees revenue for fourth-quarter 2022 totaled $981 million. The total average rate per contract was $0.651. Market data revenue totaled $153 million for fourth-quarter 2022.
As of December 31, 2022, the company had approximately $2.8 billion in cash (including $100 million deposited with Fixed Income Clearing Corporation (FICC) and included in other current assets) and $3.4 billion of debt.
2023, the company declared a first-quarter dividend of $1.10 per share, a 10% increase from the prior level of $1.00 per share.
CME Group Inc. and Subsidiaries Consolidated Statements of Income
About CME Group Inc.(NASDAQ:CME)
As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.