Financials CME Group Inc.

Equities

CME

US12572Q1058

Financial & Commodity Market Operators

Market Closed - Nasdaq Other stock markets 21:00:00 13/06/2025 BST			5-day change	1st Jan Change
269.50 ^USD	-0.54%		-1.73%	+16.05%

06-13	Global imbalances grow as ever more copper flows to the US: Andy Home	RE
06-11	Plus500 to Sponsor Barchart.Com Futures Platform	CI

Projected Income Statement: CME Group Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	4,884	4,690	5,019	5,579	6,130	6,536	6,836	7,179
Change	-	-3.97%	7.03%	11.15%	9.88%	6.61%	4.59%	5.02%
EBITDA ¹	3,225	3,128	3,378	3,786	4,323	4,621	4,864	5,237
Change	-	-3.03%	8.02%	12.06%	14.19%	6.88%	5.26%	7.67%
EBIT ¹	3,082	2,982	3,243	3,660	4,208	4,509	4,715	5,093
Change	-	-3.26%	8.77%	12.85%	14.98%	7.15%	4.56%	8.02%
Interest Paid ¹	-166.2	-166.9	-162.7	-159.4	-160.9	-165.2	-162.1	-162.6
Earnings before Tax (EBT) ¹	2,722	3,374	3,490	4,154	4,541	5,372	5,602	5,725
Change	-	23.93%	3.46%	19%	9.34%	18.28%	4.29%	2.19%
Net income ¹	2,105	2,636	2,657	3,186	3,482	3,730	3,913	4,125
Change	-	25.23%	0.79%	19.89%	9.29%	7.14%	4.9%	5.42%
Announcement Date	10/02/21	09/02/22	08/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	1,182	1,081	1,098	1,253	1,179	1,110	1,147	1,347	1,237	1,228	1,208	1,442	1,360	1,338	1,439	1,488	1,532	1,584	1,525	1,642	1,683	1,606	1,596	1,706	1,727	1,703	1,673	1,823
Change	-	-8.59%	1.65%	14.09%	-5.91%	-5.88%	3.37%	17.37%	-8.12%	-0.76%	-1.63%	19.36%	-5.65%	-1.65%	7.59%	3.38%	3%	3.39%	-3.73%	7.67%	2.51%	-4.59%	-0.61%	6.87%	1.25%	-1.44%	-1.71%	8.94%
EBITDA ¹	781.1	674.1	672.3	853.4	786	734.3	753.9	955.1	839.8	828.8	758.9	1,000	927.9	908.5	949.5	1,047	1,084	1,108	1,044	1,190	1,185	1,128	1,064	1,254	1,248	1,232	1,164	1,337
Change	-	-13.7%	-0.27%	26.94%	-7.9%	-6.58%	2.67%	26.69%	-12.07%	-1.31%	-8.43%	31.8%	-7.23%	-2.09%	4.51%	10.25%	3.53%	2.25%	-5.77%	14.01%	-0.42%	-4.85%	-5.7%	17.94%	-0.48%	-1.28%	-5.56%	14.86%
EBIT ¹	747.4	637.1	635.1	816.6	749.3	697.6	718.3	921.6	806.8	795.5	721.3	968.3	895.6	877.4	918.8	1,017	1,055	1,080	1,016	1,163	1,176	1,096	1,043	1,193	1,204	1,175	1,118	1,304
Change	-	-14.76%	-0.31%	28.58%	-8.24%	-6.9%	2.97%	28.3%	-12.46%	-1.4%	-9.33%	34.24%	-7.51%	-2.03%	4.72%	10.66%	3.77%	2.36%	-5.91%	14.48%	1.11%	-6.84%	-4.81%	14.38%	0.94%	-2.39%	-4.85%	16.55%
Charge d'intérêts ¹	-41.9	-41.7	-41.7	-41.5	-41.7	-41.8	-41.9	-42.5	-39.9	-40.4	-39.9	-39.9	-40.2	-39.6	-39.7	-39.9	-40.1	-40.2	-40.7	-41.7	-42.16	-42.16	-42.16	-41.62	-41.42	-41.42	-41.17	-42
Earnings before Tax (EBT) ¹	661.3	536.5	535	752.3	726.1	1,096	799.3	916.3	866.7	880	827.3	1,157	1,016	974.3	1,006	1,113	1,154	1,177	1,097	1,245	1,341	1,204	1,153	-	-	-	-	-
Change	-	-18.87%	-0.28%	40.62%	-3.48%	50.93%	-27.06%	14.64%	-5.41%	1.53%	-5.99%	39.84%	-12.14%	-4.14%	3.25%	10.68%	3.69%	1.94%	-6.82%	13.51%	7.69%	-10.19%	-4.24%	-	-	-	-	-
Net income ¹	503.3	411.7	424	574.4	510.3	926.5	625.2	711	662.5	671.1	629.9	872.7	777.6	740.8	804.3	844.4	872.1	901.3	863.7	944.2	1,004	942	885.9	-	-	-	-	-
Change	-	-18.2%	2.99%	35.47%	-11.16%	81.56%	-32.52%	13.72%	-6.82%	1.3%	-6.14%	38.55%	-10.9%	-4.73%	8.57%	4.99%	3.28%	3.35%	-4.17%	9.32%	6.29%	-6.14%	-5.96%	-	-	-	-	-
Announcement Date	29/07/20	28/10/20	10/02/21	28/04/21	28/07/21	27/10/21	09/02/22	27/04/22	27/07/22	26/10/22	08/02/23	26/04/23	26/07/23	25/10/23	14/02/24	24/04/24	24/07/24	23/10/24	12/02/25	23/04/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: CME Group Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,710	610	718	402	422	767	1,232	1,058
Change	-	-64.33%	17.7%	-44.01%	4.98%	81.58%	60.63%	-14.12%
Announcement Date	10/02/21	09/02/22	08/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: CME Group Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	197.5	127.2	89.7	76.4	94	96.34	99.84	99.94
Change	-	-35.59%	-29.48%	-14.83%	23.04%	2.49%	3.63%	0.1%
Free Cash Flow (FCF) ¹	2,518	2,275	2,966	3,377	3,596	4,117	3,908	4,428
Change	-	-9.65%	30.38%	13.86%	6.49%	14.47%	-5.06%	13.3%
Announcement Date	10/02/21	09/02/22	08/02/23	14/02/24	12/02/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: CME Group Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	66.05%	66.69%	67.31%	67.86%	70.53%	70.7%	71.16%	72.95%
EBIT Margin (%)	63.11%	63.58%	64.62%	65.61%	68.65%	68.99%	68.97%	70.94%
EBT Margin (%)	55.74%	71.94%	69.54%	74.45%	74.08%	82.19%	81.95%	79.75%
Net margin (%)	43.11%	56.22%	52.94%	57.1%	56.79%	57.07%	57.24%	57.46%
FCF margin (%)	51.56%	48.51%	59.1%	60.54%	58.67%	62.99%	57.18%	61.69%
FCF / Net Income (%)	119.61%	86.3%	111.63%	106.02%	103.3%	110.37%	99.89%	107.36%
Profitability
ROA	2.41%	1.64%	1.54%	2.1%	2.76%	2.62%	2.5%	2.6%
ROE	9.19%	9.82%	10.55%	11.88%	13.87%	15.04%	14.92%	15.89%
Financial Health
Leverage (Debt/EBITDA)	0.53x	0.2x	0.21x	0.11x	0.1x	0.17x	0.25x	0.2x
Debt / Free cash flow	0.68x	0.27x	0.24x	0.12x	0.12x	0.19x	0.32x	0.24x
Capital Intensity
CAPEX / Current Assets (%)	4.04%	2.71%	1.79%	1.37%	1.53%	1.47%	1.46%	1.39%
CAPEX / EBITDA (%)	6.12%	4.07%	2.66%	2.02%	2.17%	2.08%	2.05%	1.91%
CAPEX / FCF (%)	7.84%	5.59%	3.02%	2.26%	2.61%	2.34%	2.55%	2.26%
Items per share
Cash flow per share ¹	7.574	6.693	8.508	-	-	-	-	-
Change	-	-11.63%	27.12%	-	-	-	-	-
Dividend per Share ¹	5.9	6.85	8.5	9.65	12	11.49	10.86	11.27
Change	-	16.1%	24.09%	13.53%	24.35%	-4.28%	-5.41%	3.77%
Book Value Per Share ¹	73.5	76.41	74.89	74.38	73.59	77.36	84.26	99.17
Change	-	3.96%	-1.99%	-0.68%	-1.06%	5.12%	8.93%	17.69%
EPS ¹	5.87	7.29	7.4	8.86	9.67	10.47	10.94	11.68
Change	-	24.19%	1.51%	19.73%	9.14%	8.24%	4.53%	6.76%
Nbr of stocks (in thousands)	358,991	359,399	359,728	359,993	360,362	360,359	360,359	360,359
Announcement Date	10/02/21	09/02/22	08/02/23	14/02/24	12/02/25	-	-	-