17 SEPTEMBER 2019

CME Group Inc. (NASDAQ: CME) today reported revenue of $900 million and operating income of $537 million for the fourth quarter of 2017.

CME Group Inc. Reports Fourth-Quarter and Full-Year 2017 Financial Results

February 1, 2018

CME Group Inc. (NASDAQ: CME) today reported revenue of $900 million and operating income of $537 million for the fourth quarter of 2017.

Fourth-quarter 2017 net income included a $2.6 billion net income tax benefit due to recognition of a reduction in deferred tax liabilities as a result of the Tax Cut and Jobs Act of 2017. Resulting net income was $2.9 billion and diluted earnings per share were $8.63. On an adjusted basis, net income was $383 million and diluted earnings per share were $1.12. Financial results presented on an adjusted basis for the fourth quarters of 2017 and 2016 exclude the net income tax benefit noted above and certain other items, which are detailed in the reconciliation of non-GAAP results.

Total revenue for full-year 2017 was $3.6 billion and operating income was $2.3 billion. Net Income was $4.1 billion and diluted earnings per share were $11.94. On an adjusted basis, net income of $1.6 billion, was up 6 percent compared with 2016, and diluted earnings per share of $4.77, was up 5 percent. This was due to 1 percent year-over-year growth in revenue, coupled with relatively flat operating expenses.

"Our primary goals in 2017 were to expand our global customer base, continue to innovate across our diverse product set and focus on operational efficiency," said CME Group Chairman and Chief Executive Officer Terry Duffy. "In a year of historically low volatility, we set annual volume records in three of our six asset classes as well as in total options. We launched successful new products and saw growth in Europe and Asia out-pace that in the U.S. We kept expenses relatively flat for the third straight year, and paid out more than $2 billion in dividends to our shareholders in 2017. Looking ahead, 2018 is starting out strong, with average daily volume up more than 15 percent to date, driven by broad-based strength across our asset classes."

CME Group Inc. Reports Fourth-Quarter and Full-Year 2017 Financial Results