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CME Group Reports Third-Quarter Earnings
USAgNet - 10/29/2020

CME Group Inc. reported financial results for the third quarter of 2020. The company says it brought in revenue of $1.1 billion and operating income of $525 million for the third quarter of 2020. Net income was $412 million and diluted earnings per share were $1.15.

On an adjusted basis, net income was $495 million and diluted earnings per share were $1.38. Financial results presented on an adjusted basis for the third quarter of 2020 and 2019 exclude certain items, which are detailed in the reconciliation of non-GAAP results.

"Despite the many challenges created by the ongoing pandemic, our metals, equities, agriculture and data services businesses showed strong performance during the third quarter," said CME Group Chairman and Chief Executive Officer Terry Duffy. "Likewise, we continued to innovate amid the extreme uncertainty, announcing a number of new products and services across asset classes, including Micro E-mini options and Nasdaq Veles California Water Index futures. In Q4, we remain focused on adding new value through the migration of BrokerTec onto CME Globex later this year, as well as providing risk management tools to help our global clients as they continue to navigate through this difficult economic environment."

As of September 30, 2020, the company had approximately $1.5 billion in cash (including $166 million deposited with Fixed Income Clearing Corporation (FICC) and included in other current assets) and $3.4 billion of debt. The company paid dividends during the third quarter of $304 million. The company has returned approximately $14.1 billion to shareholders in the form of dividends since the implementation of the variable dividend policy in early 2012.

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