CME Group Inc. reported record financial results for the third quarter of 2024, with revenue reaching $1.6 billion and operating income at $1.0 billion. The company also achieved a record adjusted net income of $977 million, resulting in adjusted diluted earnings per share of $2.68. This marks the best quarter in CME Group's history across multiple key financial metrics.
The exceptional performance was driven by a record average daily volume (ADV) of 28.3 million contracts, including record non-U.S. ADV, with EMEA up 30% and Asia up 28% year-over-year. Financial product volumes rose 28%, reflecting a 36% jump in interest rates to a record ADV of 14.9 million contracts. Commodities volume was up 20%, and options increased 27%.
Clearing and transaction fees revenue for Q3 2024 totaled $1.3 billion, with a total average rate per contract of $0.666. Market data revenue also saw strong performance, reaching $178 million. As of September 30, 2024, the company maintained approximately $2.6 billion in cash and $3.4 billion of debt, having returned approximately $419 million in dividends during the quarter. These results underscore CME Group's operational strength and its ability to capitalize on market volatility.
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