CME (CME) Q2 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 22, 2026 astatine 9:54 AM CDT 47 min read

Image source: The Motley Fool.

Wednesday, July 23, 2025 astatine 8:30 a.m. ET

• Chairman & Chief Executive Officer — Terrence A. Duffy

• Chief Financial Officer — Lynne Fitzpatrick

• Chief Commercial Officer — Julie Holzrichter Winkler

• Global Head of Financial & OTC Products — Derek A. Sammann

• Global Head of Equity and FX Products — Tim McCourt

• Managing Director, Global Head of Clearing & Post-Trade Services — Suzanne Sprague

• Global Head of Fixed Income — Michael Dennis

Need a punctuation from a Motley Fool analyst? Email [email protected]

Terrence Duffy: Thanks, Adam, and convey you each for joining america this morning. I'm going to marque a fewer little comments astir our 4th and the wide environment. Following that, Lynne volition supply an overview of our 2nd 4th results. In addition, to Lynne, arsenic usual, we person different members of our absorption squad contiguous to reply questions aft the prepared remarks. Our record-breaking show successful the 2nd 4th demonstrated the increasing request for hazard absorption globally. For the archetypal clip successful CME Group's history, mean regular measurement exceeded 30 cardinal contracts for this quarter.

Second 4th mean regular measurement of 30.2 cardinal contracts represented an summation of 16% compared to the aforesaid play past twelvemonth and included all-time records successful each period of the quarter. In an situation of heightened header hazard and macro uncertainties, clients are progressively choosing the transparency and superior ratio of our fundamentally cleared benchmark products arsenic they look to negociate and mitigate risk. The beardown maturation this 4th was wide based, with year-over-year measurement maturation successful each 6 plus classes, including all-time quarterly measurement records successful involvement rates, agricultural, commodities and metals. In aggregate, our fiscal products measurement grew by 17%, and our commodity assemblage measurement grew by 15%.

This continues to beryllium a risk-on situation arsenic evidenced by the continued maturation successful unfastened involvement oregon positions unfastened connected the books astatine CME, up by 7% from the extremity of Q2 2024 and 10% from year-end 2024. We are besides seeing beardown levels of ample unfastened involvement holders, with caller records successful some involvement rates and crypto futures acceptable earlier this month. We had our highest-ever quarterly measurement from our planetary business, which averaged 9.2 cardinal contracts per day, up 18% from the anterior year. This was led by a grounds 6.7 cardinal mean regular measurement from EMEA, which was up 15%; and a grounds 2.2 cardinal contracts per time from APAC, oregon up 30%.