CME Group Inc. (NASDAQ:CME) has reported a 9% year-over-year increase in revenue for Q3 2023, reaching $1.3 billion. The company also reported an operating income of $820 million, net income of $750 million, and diluted earnings per common share at $2.06. This marks the ninth consecutive quarter of double-digit growth in adjusted earnings per share.
The growth was driven by market participants using CME's markets to manage risks amidst geopolitical challenges. Interest rate volume grew by 6%, propelled by an 18% rise in Treasury futures average daily volume (ADV). The sectors that saw significant growth included agricultural, energy, and options.
The ADV for the quarter was 22.3 million contracts, with non-U.S. ADV up by 7%. Clearing and transaction fees revenue reached $1.1 billion, while the market data revenue stood at $168 million.
As of September 30, 2023, the company's balance sheet showed $2.5 billion in cash and $3.4 billion in debt. CEO Terry Duffy expressed satisfaction with these results given the prevailing geopolitical instability.
In addition to its financial performance, CME Group has returned over $22 billion to shareholders in dividends since 2012.
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