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CHICAGO - CME Group (NASDAQ:CME) reported strong fourth-quarter results on Wednesday, beating earnings estimates and posting record full-year revenue as the derivatives marketplace operator saw growth across multiple asset classes in 2024.
CME Group reported fourth-quarter adjusted earnings per share of $2.52, surpassing analyst estimates of $2.48. Revenue for the quarter came in at $1.53 billion, in line with consensus expectations.
For the full year 2024, CME Group achieved record revenue of $6.1 billion, up 10% YoY. The company reported adjusted net income of $3.7 billion and adjusted earnings per share of $10.26 for the year.
"In 2024, CME Group had its best year ever, generating record annual average daily volume, revenue, adjusted operating income, adjusted net income and adjusted earnings per share," said Terry Duffy, CME Group Chairman and Chief Executive Officer.
Fourth-quarter average daily volume was 25.5 million contracts, flat compared to the same period in 2023. However, non-U.S. average daily volume grew 5% YoY to 7.6 million contracts.
The company saw volume growth across all asset classes in 2024, with new records set in interest rates, agricultural products, foreign exchange, and metals markets.
CME Group declared $3.8 billion in dividends during 2024, including an annual variable dividend of $2.1 billion. The company also announced a 9% increase in its quarterly dividend to $1.25 per share.
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