CME CME GROUP INC.

Overview and Growth

Fiscal 2025 results for CME GROUP INC. combined $6.52B of revenue with net income of $4.07B and an operating cash inflow of $4.28B. The $6.52B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 6.4% from $6.13B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $11.16, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $9.67 in fiscal 2024, the current result was 15.4% higher. Asset turnover was 0.03x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $4.23B, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 64.9%, showing how efficiently sales converted into operating profit. The bottom-line result was net income of $4.07B, after the operating, financing, tax, and other items recognized for the period. Net margin was 62.5%, meaning that this portion of revenue remained as net income after all recognized expenses. Pretax income was $5.33B, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 81.7% of revenue, placing earnings before tax in the context of the company’s operating scale. The reported income-tax provision was $1.26B, the amount recognized between pretax income and the final net-income result. The effective relationship between income tax and positive pretax income was 23.6%, without assuming a statutory-rate comparison. The relationship between net income and period-end equity was 14.2%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 2.1%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

Total assets were $198.42B, supported by $169.70B of liabilities and $28.73B of shareholder equity. At period end, current assets of $165.36B compared with current liabilities of $160.30B, defining the company’s short-term resource position. At 1.03x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $4.42B in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 2.8%, excluding receivables and other current assets. Total debt was $0.00, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 0.0x, showing how much debt the company carried for each unit of book equity. Debt represented 0.0% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 85.5%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 2.2%, comparing reported cash and equivalents with the full positive asset balance. Total assets were 44.4% higher than fiscal 2024 assets of $137.45B, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

The company reported $4.28B of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.05x, comparing cash generated by operations with the bottom-line earnings result. Capital expenditures used $83.50M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 2.0%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $4.19B, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 64.3%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 2.1% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.