CME Group Inc Class A

CME: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$751.00	Clbw	Dzpvwrbsx

CME Earnings: High Interest-Rate Futures Volume Drives Strong Growth

Michael Miller

Feb 14, 2024

Wide-moat CME Group reported strong fourth-quarter results as volatile fixed-income markets drove higher volume for the firm’s interest-rate futures. Revenue increased 19% from last year and 7.6% from last quarter to $1.44 billion. Diluted earnings per share increased 23.4% from last year to $2.37. As we incorporate these results, we do not plan to materially alter our $220 fair value estimate. We see the shares as fairly valued.

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