CME Group sees net income rise 11.3% Y/Y in Q1 2016

CME Group Inc (NASDAQ:CME) has just announced its financial and operating metrics for the first three months of 2016, with net income and revenues staging a rise in annual terms, on the back of robust trading volumes.

Net income for the three months to March 31, 2016 amounted to $367.8 million, up 11.3% from the reading of $330.4 million registered in the same quarter a year earlier.

Operating income for the first quarter of 2016 reached record $573.9 million, up 13.1% from a year earlier.

Total revenues amounted to $934.2 million, up 10.9% from the equivalent period in 2015.

FX volumes averaged 944,000 contracts per day in the first quarter of 2016, up 21.2% from the final quarter of 2015, and down 1% from the first quarter of 2015.

First-quarter 2016 average daily volume was a record 16.9 million contracts, up 13% from the first quarter of 2015, and included quarterly records in energy, total options and electronic options.


CME Group Executive Chairman and President Terry Duffy says,

“Our record first-quarter financial performance was driven by our highest quarterly average daily volume to date, including record volumes in energy, overall options and electronic options. We delivered record revenue and operating income, and 17 percent growth in adjusted diluted earnings per share. These strong results reflect our continued progress in executing on our long-term growth initiatives. At the same time, we are committed to returning cash to our shareholders, as evidenced by $1.2 billion in dividends being paid out during the quarter.”

CME Group Chief Executive Officer Phupinder Gill, says,

“Strong, balanced performance across our diverse product portfolio, coupled with a continued focus on expense discipline, allowed us to expand our operating margin in the first quarter. We saw a significant increase in global participation in our markets, with average daily volume of 3.7 million contracts traded from outside of the United States, up 24 percent from first-quarter 2015. The solid quarterly activity was underscored by continued momentum in open interest, as we reached a record daily level of 116 million contracts in the first quarter, and open interest remains elevated.”

For the full announcement from CME Group, click here.

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