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CME Group's Q1 2024 Revenues Up 30% YoY, with ADV Reaching 26.4M Contracts

2024-04-25 Brokersview

CME Group (CME) reported strong performance in the first quarter of 2024 ending March 31, with Average Daily Volume (ADV) and revenue figures hitting records. The company's ADV reached 26.4 million contracts, with treasuries and options reaching unprecedented levels. This included non-U.S. ADV, which reached a record 7.4 million contracts, driven by growth in energy, agricultural commodities, and metals. 


Revenues soared to nearly $1.5 billion, up 30% year-on-year (YoY).


Net income was $855 million and diluted earnings per common share were $2.35. CME Group achieved record adjusted net income and earnings per share (EPS) of $911 million and $2.50, respectively. 


"CME Group adjusted net income and earnings per share reached new records in Q1 as investors turned to our markets to manage through the ongoing economic and geopolitical uncertainty in today's marketplace," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "Average daily volume in our U.S. Treasury futures and options grew 12% year over year, reaching a new all-time high of 7.8 million contracts per day. Additionally, ADV in our commodities markets increased 14% to 4.7 million contracts. Looking ahead, we remain committed to providing the deep liquidity and unparalleled capital efficiencies our clients rely on as they continue to navigate a wide range of risks across asset classes."


The company remains focused on providing risk management products and driving earnings growth.