CME Group (CME) 10-K Summaries & Annual Filing History
Review CME Group Inc. (CME) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
CME Group Inc. operates a global derivatives marketplace, offering futures, options, and swaps trading and clearing. The company reported higher revenue and operating cash flow for the period, reflecting continued growth in its core exchange and clearing services.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$6.5B
Revenue reported for the fiscal year.
Operating income
$4.2B
Income from operations reported for the year.
Net income
$4.1B
Net income reported for the year.
Operating cash flow
$4.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $5B | +7.0% |
| Dec 31, 2023 | $5.6B | +11.1% |
| Dec 31, 2024 | $6.1B | +9.9% |
| Dec 31, 2025 | $6.5B | +6.4% |
Business overview
CME Group is a holding company for designated contract markets including CME, CBOT, NYMEX, and COMEX, which facilitate trading in futures and options contracts. It also clears futures, options, and swaps through its clearing house. Customers include professional traders, financial institutions, institutional and individual investors, corporations, and governments worldwide.
Financial performance
Revenue increased compared to the prior year, driven by higher trading volumes or fee income. Operating income and net income also rose, while operating cash flow remained strong. The multi-year trend shows consistent revenue growth over recent periods.
Material risks
The filing references risk factors in Item 1A, which may include market volatility, regulatory changes, and operational risks inherent in exchange and clearing operations. Cybersecurity is also identified as a separate risk area. No specific risk details are provided beyond these headings.
Liquidity and capital
The liquidity and capital resources discussion covers future cash requirements, capital resources, significant planned expenditures, and financing arrangements. The company generated substantial operating cash flow, supporting its capital allocation activities.
What to watch
Monitor any changes in trading volume trends or fee structures that could affect revenue growth in the next filing.