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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC CME Group Overview February 2026
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Disclaimer Forward Looking Statements Statements in this document that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. We want to caution you not to place undue reliance on any forward-looking statements. Except as required by the federal securities laws, we undertake no obligation to update any forward-looking statement, release publicly any revisions to any forward-looking statements or report the occurrence of unanticipated events, whether as a result of new information, future events or otherwise. Among the factors that might affect our performance are increasing competition by foreign and domestic entities, including increased competition from new entrants into our markets and consolidation of existing entities; our ability to keep pace with rapid technological developments, including our ability to complete the development, implementation and maintenance of the enhanced functionality required by our customers while maintaining reliability and ensuring that such technology is not vulnerable to security risks; our ability to continue introducing innovative and competitive new products and services on a timely, cost-effective basis, including through our electronic trading capabilities, and derive revenues that are commensurate with our efforts and expectations, and our ability to maintain the competitiveness of our existing products and services; our ability to adjust our fixed costs and expenses if our revenues decline; our ability to manage variable costs relating to CME Group’s transition to the Google Cloud and minimize duplicative costs during the transition between maintaining the on-premise environment and the Google Cloud environment; the resilience of our electronic platforms and the soundness of our business continuity and disaster recovery plans, including in the event of cyberattacks and cyberterrorism or as impacted by a failure of or disruption at one of our suppliers; our ability to maintain existing customers at substantially similar trading levels, develop strategic relationships and attract new customers; our ability to expand and globally offer our products and services; changes in regulations, including the impact of any changes in laws or government policies with respect to our products or services or our industry, such as any changes to regulations and policies that require increased financial and operational resources from us or our customers, as well as the impact of tariffs and tax policy changes and the related uncertainty thereof, restrictions on our ability to offer CME Group products and services in specific geographies or to specific customers or limitations or changes in underlying/physical product flows across geographies; the costs associated with protecting our intellectual property rights and our ability to operate our business without violating the intellectual property rights of others; decreases in revenue from our market data as a result of decreased demand or changes to regulations in various jurisdictions; changes in our rate per contract due to shifts in the mix of the products traded, the trading venue and the mix of customers (whether the customer receives member or non-member fees or participates in one of our various incentive programs) and the impact of our tiered pricing structure; the ability of our credit and liquidity risk management practices to adequately protect us from the credit risks of clearing members and other counterparties, and to satisfy the margin and liquidity requirements associated with the BrokerTec matched principal business; the ability of our compliance and risk management programs to effectively monitor and manage our risks, including our ability to prevent errors and misconduct and protect our infrastructure against security breaches and misappropriation of our intellectual property assets; our dependence on third-party providers and exposure to risk through third parties, including risks related to the performance, reliability and security of technology used by, or facilities provided by, our third-party providers and third-party providers that our clients and third-parties rely on; our reliance on third-party distribution partners, including independent software vendors (ISVs), Futures Commission Merchants (FCMs), introducing brokers, broker-dealers, regulatory reporting and data distributors and platform operators, and other partners, for facilitating trading and for market data information, and potential impacts from changes in their business models and priorities; volatility in commodity, equity and fixed income prices, and price volatility of financial benchmarks and instruments such as interest rates, equity indices, fixed income instruments and foreign exchange rates; economic, social, political and market conditions, including new and existing geopolitical tensions or conflicts, the volatility of the capital and credit markets and the impact of economic conditions on the trading activity of our current and potential customers; our ability to accommodate increases in contract volume and market data and order transaction traffic across the entire trade cycle and the ability to implement enhancements meeting our regulatory obligations and customer needs without failure or degradation of the performance of our trading and clearing systems; our ability to execute our growth strategy and maintain our growth effectively; our ability to manage the risks, control the costs and achieve the synergies associated with and benefits from our strategy for acquisitions, investments and alliances, strategic partnersnhips and joint ventures; variances in earnings on cash accounts and collateral that our clearing house holds; impact of CME Group pricing/fee level and structure and incentive changes; impact of aggregation services and internalization on trade flow and volumes; any negative financial impacts from changes to the terms of intellectual property and index rights; our ability to continue to generate funds and/or manage our indebtedness to allow us to continue to invest in our business; industry, channel partner and customer consolidation and/or concentration; decreases in trading and clearing activity; the imposition of a transaction tax or user fee on futures and options transactions and/or repeal of the 60/40 tax treatment of such transactions; increases in effective tax rates, borrowing costs, or changes in tax policy; our ability to maintain our brand and reputation; and the unfavorable resolution of material legal proceedings. For a detailed discussion and additional information concerning these and other factors that might affect our performance, see our other recent periodic filings, including our Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the Securities and Exchange Commission ("SEC") on February 27, 2025, under the caption "Risk Factors". Certain Terms All references to “options” or “options contracts” in the text of this document refer to options on futures contracts. Any mention of products or services that have yet to be launched are pending regulatory review. Information about Contract Volume and Average Rate Per Contract All amounts regarding contract volume and average rate per contract (RPC) are for CME Group’s listed futures and options on futures contracts, and exclude CME Group’s event contracts, unless otherwise noted. Average daily volume (ADV) and open interest (OI) are communicated in number of contracts To supplement CME Group’s financial statements on a GAAP basis, this document includes financial measures that are not in accordance with GAAP, consisting of non-GAAP net income and earnings per share. Management believes that the presentation of non-GAAP operating margin, net income and earnings per share provide important supplemental information to management and investors about financial and business trends relating to CME Group’s financial condition and results of operations. Management believes that the use of these non-GAAP financial measures provide a better measure of comparability with the company’s prior financial reports. Management acknowledges that non-GAAP adjustments may include recurring items. These non-GAAP measures should be considered as a supplement to, and not as a substitute for, or superior to, the corresponding measures calculated in accordance with GAAP. A reconciliation of the non-GAAP financial results mentioned to the respective GAAP figures can be found within each quarter’s CME Group financial statements, and the latest reconciliation is also provided at the end of this document.. 2
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Unique Assets Provide Competitive Advantages 3 Equity Index Foreign Exchange (FX) FX Spot & Forwards Metals Agricultural EnergySustainable Cryptocurrency Over-the- counter (OTC) Alternatives Cleared Swaps Cash Treasuries & Repo Interest Rates Deep liquidity pools across a balanced portfolio of diverse, benchmark products accessed by a healthy ecosystem of varied market participants …providing unmatched capital efficiencies World-class clearing, and risk management expertise… CME Group’s broad set of products are important risk management tools for traders and end-users around the world, including but not limited to: Interest Rates - U.S. Treasuries - SOFR - Fed Fund Equity Index - S&P 500 - Nasdaq - Russell FX - Eur-USD - GBP-USD - JPY-USD Energy - WTI Crude Oil - Henry Hub Natural Gas Agricultural - Corn - Soybeans - Wheat Metals - Precious (Gold, Silver) - Industrial/Base (Copper, Aluminum) Futures, options on futures, and micro-sized products across asset classes Network fueled by: Customer focus through unique global sales organization and customer demand driven innovation Proprietary market data supports trading and serves as an important tool for new customer acquisition Technology investments / Google strategic partnership Cryptocurrency1 - Bitcoin, Ether, Solana, XRP Note 1. Within publicly reported metrics (ADV, OI, RPC), cryptocurrency products roll up into the Equity Index asset class
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Summary of Recent Performance Average Daily Volume (ADV) by Asset Class Q4 2025 (Thousands) Product Line ADV YoY Change Interest Rates 13,010 -2% Equity Index 7,738 22% Energy 2,523 0% Ag Commodities 1,787 2% FX 853 -12% Metals 1,441 114% Total 27,351 7% Key Highlights Q4 2025 8% Revenue growth year-over-year 67.1%1 Adjusted Operating Margin 10%1 Earnings growth year-over-year 4.2%2 Dividend yield Note 1. See last paragraph on Disclaimer slide for discussion around non-GAAP (adjusted) measures and latest reconciliation of GAAP to non-GAAP measures at the end of this presentation 2. Dividend payout based on the trailing 12-month dividend payout and 12-month average closing price of $265.86 for the period 1.2.25 - 12.31.25 4 ● Full Year 2025 set a record ADV - the fifth consecutive record year - with asset class ADV records in Rates, Energy, Ags, and Metals ● Reached the second-highest monthly ADV in history in November 2025 and a record December ADV
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC - 5% in 2021 - 11% in 2022 - 14% in 2023 - 23% in 2024 - 29% in 2025 - 64% in 2026TD ADV YTD1 (Millions) ● Average annual volume increased in 45 of the past 52 years (13% growth CAGR over this period) ● Long-term positive trends maintained throughout various business cycles ● Volume maintained during the pandemic when large sectors of the economy shut down and we were in a zero-interest rate environment ● Strong operating leverage and expense discipline ● Record 2025 ADV of 28.1M, up 6% YoY, with records across interest rates, energy, agricultural, metals, and non-U.S. ● % of individual trading days >30M Note 1. 2026 to date ADV through February 11, 2026 ADV (Millions) Adjusted Net Income ($, Billions) Strong History of Volume and Net Income Growth 30.6 ADV Growth: 7% CAGR Adjusted Net Income Growth: 12% CAGR 5
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Non-US ADV2 (Millions) Investments in Globalization are Paying Off Non-US ADV (Millions) Non-US ADV1 ●We now have a sales presence in 12 countries*, covering ~13,000 clients worldwide ●London is our single largest sales center and 60% of front office sales staff are now located outside the U.S. (up from 44% in 2018) 5.3 5.5 6.8 9.6 32% 25% 47% 47% 32% 34% Non-US ADV % of Total ADV by Asset Class Q4 2025 10% CAGR 6 Notes 1) Futures and options on futures ADV based on origin of trade 2) 2026 to date ADV through February 6, 2026 * Dubai and Korea are covered by broader CD&R sales persons 6.3 7.8 8.4
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Known for New Product Innovation Driven by Customer Demand 7 Micros Options Fixed Income Expansion Energy Transition/ Environmental Granularity Currently list products at micro size across all six major derivatives asset classes. Micros are attracting a new customer base The options franchise continues to see rapid volume growth and the success rate for launches is very high Moving out from our exceptional strength in Treasuries and SOFR into Credit, T-Bills, TBA Mortgage futures and beyond CME Group has moved into bioenergy, water, battery metals, carbon, establishing a leadership positions in the key markets of tomorrow More focused futures (seasons, event-related, weekly, daily) allow customers to hedge with precision and create more spreading opportunities with the existing suite CME Group is innovating in crucial new markets Host voluntary carbon risk management Premium products bringing OTC functionality to CME Group market participants and assisting with the growing need for operational and capital efficiencies Established as the home of cryptocurrency derivatives Leading position in battery metals Building a new business in U.S. mortgage futures Successful launch of U.S. credit futures 2025 saw significant year over year ADV growth in recently launched products, including +32% in micros and +11% in OTC alternatives, with more new products in the pipeline for 2026 Note 1. See appendix slide 21 for more detail OTC Alternatives1
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8 © 2025 CME Group. All rights reserved. CME GROUP PUBLIC Retail Customer Growth Averaged Double Digits Over the Past Decade and is Accelerating in Recent Years Retail Customers at CME Group (2015-2025) Retail Customers at CME Group +12% CAGR ● CME Group’s retail customer base has nearly quadrupled in the past decade and grew 23% in 2025 ● 130+ retail broker distribution partners globally ● In 2025, 46% of participants came from outside the U.S. ● 2025 set all-time records in both new account openings and total number of retail participants Recent Success Drivers: ● New broker partners (Robinhood, eToro, Webull, Plus 500) ● Retail-focused product development (e.g., expanded Micros, 1-oz Gold, Bitcoin Friday Futures, Spot-Quoted Futures) ● Increasing focus on training and education (e.g., >80 courses and >700 lessons, simulators and challenges) +19% CAGR CME Group continues to launch groundbreaking non-exclusive retail partnerships, including a joint venture with FanDuel launched in December 2025, that offer new products and expand access to financial markets for millions of customers in the U.S., with more partnerships in the pipeline
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC CME Group Provides Unmatched Capital Efficiencies to Market Participants 9 During Q4 2025, CME Group’s unique, broad based products across 6 major derivatives asset classes provided clients with average daily margin savings of over $80 billion Breakdown of Total Average Daily Margin Savings Across All CME Group Products Interest Rates ~35% Equity Index ~40% Other Products ~25% ~$80B Product Sets Average Daily Margin Savings ~$16B ~$9B ~$1B Interest Rates Average Daily Margin Savings in Excess of $25B Figures above represent the average daily savings observed for Q4 2025 1. CME Group is working with FICC to add more firms to the cross margining agreement and expand this to customer accounts in 1H26 pending regulatory approval. CME Group also plans to launch a securities clearing house with the intention of providing offsets between CME Group cleared cash treasuries and repos and CME Group Rates products
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Cleared Interest Rate Swaps CME Group’s Most Diverse Interest Rates Offering Creates Substantial Operational and Capital Efficiencies for Market Participants 2025 Interest Rates Revenue $1.95 Billion LTIR Futures STIR Futures STIR Options BrokerTec Cash Market LTIR Options - U.S. Treasury Notes, Bills & Bonds - Invoice Swap Spreads - TBA futures - Micro Yield - SOFR - Fed Funds - ЄSTR - SONIA - Swap futures ● Trading opportunities across the yield curve from one week to 30 years, including a vibrant suite of options products, with opportunity to reach total average daily margin savings in excess of $20 billion ● Deep liquid markets and established pools of open interest that offer narrower bid/ask spreads ● Continuous innovation driving strong ADV growth over the last decade - even including a long period of zero interest rate policy (ZIRP), market impacts from a global pandemic, and the successful multi-year transition of a major benchmark product (Eurodollar to SOFR) ● Movement in Interest Rate markets can drive activity in other asset classes - ADV has more than doubled from 2014 (~7M) to 2025 (14.2M) / 12% CAGR 2020-2025) - 2015-2025 CAGRs - LTIR 9% / STIR 6% 10
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Securities Clearing allows CME Group to enter the securities space and innovate beyond futures, options and swaps and will be regulated by the Securities & Exchange Commission (SEC) CME Securities Clearing (CMESC), a New Clearing House and Legal Entity 11 Flexibility Our cash Treasury and repo clearing service will support both “done with” and “done away” clearing Capital Efficiencies Expands upon the $20B+ in daily interest rate margin savings already being delivered across interest rate products Operational Efficiencies Flexible capital treatment facilitates the ability to utilize a smaller number of Members to clear cash and repo trades executed with a variety of counterparties Proven Track Record Building on 100+ years of experience clearing a variety of financial instruments, we bring operational excellence to the cash Treasury and repo space Best Practices Beyond current UST clearing best practices, we will provide several additional risk management benefits common at CME Clearing today Leveraging our derivatives and cash market expertise, we will offer a number of benefits to help market participants comply with SEC clearing requirements CMESC, expected to launch later in 2026, will… ● Provide benefits of central clearing for cash Treasury and Repo transactions, serving as a central counterparty to guarantee financial performance, reduce counterparty risk, and encourage prudent risk management ● Allow for both Deliverable (Bilateral/Clear-to-Deliver) and Tri-Party (Clear to Hold) settlement, with tri-party repo workflows facilitated in partnership with BNY CMESC Day 1 Overview now available (link) Initial Product Scope… ● U.S. Treasury Securities (Bills, Notes and Bonds, including When-Issued) ● Repurchase or Reverse Repurchase Agreements collateralized by USTs
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC $1,670 +9% $1,826 Total Physical Commodities Products Make Up an Increasingly Meaningful Part of the Business 12 For 2025, total physical commodities ADV represented 20% of total futures and options ADV, and 35% of clearing and transaction fee revenueTotal Commodities Revenue (Millions) Metals $724EnergyEnergy WTI Crude Oil Henry Hub Natural Gas Refined Products CME Group Sustainable Solutions (across all commodities asset classes) Agricultural Grains & Oilseeds (Corn, Wheat, Soybean) and Livestock Metals Precious (Gold, Silver, Platinum) and Base/Industrial (Copper/Aluminum) The world’s benchmark commodity products, all in one place Agricultural
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Non-Transaction Sources Drive Strong, Consistent Growth Part of Total Revenue Other Below The Line Income Market Data Revenue (Millions) S&P DJI Non-Operating Income1 (Millions)2 ● CME Group’s portion of income generated from customer cash balances held on deposit at the clearing house, as well as income on investing corporate funds, add to below the line income - ~$390M in 2024 - ~$527M in 2025 8% CAGR 12% CAGR Note 1. S&P Dow Jones Indices non-operating income is reported in the Income Statement line ‘Equity in net gains (losses) of unconsolidated subsidiaries’; 2. Represents 27% of earnings from S&P Dow Jones Indices 13 Non-Operating Income from Cash Investments
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC In November 2021, CME Group announced a long-term strategic partnership with Google to accelerate our move to the cloud and to transform how global derivatives markets operate with technology Google Cloud Strategic Partnership CME Group and Google will jointly focus on co-innovation as we seek to deliver the next generation of products, services, opportunities, and efficiencies that benefit our customers around the globe ● Capital markets expertise ● Early cloud-migration focus on data-related applications including Referential Data Warehouse, Margin Calculator, Elysian Dairy Auction, and SDR Reporting ● Cloud migration expertise ● Data and analytics expertise ● $1 billion equity investment in a new series of non- ● As markets eventually migrate in the ● 2021-2025 saw capital expenditures decrease, and technology expense (migration and development / cloud consumption) increase. 2026 kicks off the period of expected neutral to positive returns from a net cash perspective. - Early years were foundational, while more recently our application migration is accelerating - Announced significant step in 2Q24 of plans to build a new private Google cloud region, and a co-location facility, in Aurora, Illinois, designed to support global trading of our F&O markets in the cloud with next-generation cloud technology, ultra-low latency networking and high-performance computing - Will build on the benefits we provide our clients today through a broader range of connectivity options and faster product development - In addition, clients will be able to utilize Google’s AI and data capabilities to help develop, test and implement trading strategies to manage their risk more efficiently - Announced at end of 1Q25, we are piloting solutions for seamless and secure wholesale payments and tokenization of assets using Google Cloud Universal Ledger (GCUL) - 2025 marked the final year of the four years of incremental net cash costs; 2026 kicks-off the period of expected neutral to positive returns from a net cash perspective 14 coming years, this will allow us to reduce idle capacity as we more efficiently scale capacity up and down based on market needs. voting convertible preferred stock of CME Group
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Strong operating model and cost discipline 2025 CME Group Adjusted Income Statement Summary1 15 Note 1. See last paragraph on Disclaimer slide for discussion around non-GAAP (adjusted) measures and latest reconciliation of GAAP to non-GAAP measures at the end of this presentation
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Annual, Variable Dividend Capital Return Policy Now Includes Opportunistic Share Repurchases 16 New Capital Return Framework Capital Return History Regular Dividend Opportunistic Share Repurchases ● Intend to continue to pay a regular quarterly dividend to our shareholders, with a target of between 50%-60% of prior year’s cash earnings ● Repurchase amounts and timing will be at the discretion of management and Finance Committee ● Continue to support the variable dividend - Increased quarterly dividend payments over 13 consecutive years - Highest dividend yield in the exchange space of 4.2%2 - Diversifies our tools and allows the flexibility to execute share repurchases (up to $3 billion authorized share buyback) - Beginning in 2026, the annual variable dividend payment now aligns with the Q1 regular quarterly dividend (announced and paid in Q1 2026) - Cash at the end of 2025 was ~$4.6 billion including $1.3 billion in remaining OSTTRA proceeds1, which our Board had approved the use of towards share repurchases over time. We repurchased $256 million shares during 4Q25 and an additional $276 million in shares through February 4, 2026 = Annual variable dividend = Regular quarterly dividend = Declared dividend Dividend Declarations (Millions) Note 1) S&P Global and CME Group Complete Sale of OSTTRA to KKR - CME Group 2) Dividend payout based on the trailing 12-month dividend payout and 12-month average closing price of $265.86 for the period 1.2.25 - 12.31.25
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC CME Group - Compelling Investment 17 Marketplace Position + Growth Orientation = Compelling Investment• Unmatched product diversity, including futures, options on futures, and cash markets across wide array of asset classes • Transaction destination in times of market stress, 24-hour liquidity, and strong network effects • World’s largest options exchange and valuable proprietary data • Significant capital and operational efficiencies for customers • Important partnership with S&P Global (S&P Dow Jones Indexes) • Working collaboratively with diverse market participants to drive product innovation and new opportunities • Unique global sales organization with resources centered in non-U.S. regions with the most growth potential • Strategic partnership with Google Cloud to transform global derivatives markets through cloud adoption • Focus on retail with long-term partners, ‘new-to-futures’ partners, new product offerings and expanding customer distribution and reach to next generation retail audience (FanDuel partnership) • Long-term volume growth • Ongoing need for risk management around the world • Consistent, reliable capital return through quarterly dividend, annual variable dividend and newly introduced opportunistic share repurchase program
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC ● CME Group’s pricing philosophy seeks to avoid decreasing the amount of volume and liquidity coming across our platform. As a network-based business, higher volumes benefit both our customers and CME Group ● Pricing increases are very tactical and consider a number of additional factors, including market and customer health, trading behaviors, and the cost of replicating the exposure through alternative means ● The pricing process does not target a top level percentage impact to cascade down, instead it works from the bottom up. Pricing adjustments have had a ~1.5% - 2% impact historically, assuming similar trading patterns to the prior year, with some exceptions from time to time (i.e. 2023 adjustments came out to 4% - 5%) Multiple Levers Play Into Pricing Philosophy - Focus on Total Cost to Trade 19 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Interest Rates $0.485 $0.485 $0.488 $0.476 $0.470 $0.473 $0.481 $0.492 $0.488 $0.487 $0.486 $0.485 $0.486 Equity Index $0.658 $0.653 $0.642 $0.624 $0.619 $0.622 $0.635 $0.658 $0.656 $0.652 $0.627 $0.611 $0.611 Energy $1.237 $1.225 $1.234 $1.222 $1.206 $1.180 $1.138 $1.142 $1.156 $1.214 $1.228 $1.230 $1.245 FX $0.778 $0.764 $0.769 $0.762 $0.759 $0.764 $0.772 $0.807 $0.819 $0.841 $0.829 $0.835 $0.847 Agricultural $1.359 $1.369 $1.378 $1.376 $1.417 $1.419 $1.435 $1.401 $1.404 $1.423 $1.429 $1.438 $1.427 Metals $1.530 $1.537 $1.575 $1.588 $1.556 $1.480 $1.456 $1.466 $1.506 $1.505 $1.374 $1.339 $1.295 Total $0.701 $0.706 $0.705 $0.686 $0.670 $0.671 $0.690 $0.713 $0.712 $0.702 $0.701 $0.699 $0.707 Rolling 3-Month Rate Per Contract by Asset Class (for the period ending) Announced in February 20261 and will take effect April 1st. We will be evaluating transaction fees on a regular basis going forward and may make changes as conditions warrant versus aggregating in December as in past years. Futures & Options Transaction Fees Customers notified 2H 20252, and estimated to increase market data revenue 3.5% - ultimate impact to revenues determined by subscriber count, as well as customer and product mix Market Data Fees For 2026, highlighting revisions to cadence for transaction fees Transaction fees taken in aggregate with the market data fee change which took effect January 1st and incentive program revisions, total adjustments would increase total revenue by approximately 1.0%-1.5% on similar activity to 2025. 1. 2. https://www.cmegroup.com/notices/ser/2026/02/ser-9676.html https://www.cmegroup.com/market-data/files/2026-market-data-fee-notice-august-14-2025.pdf
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Historically, Dispersion of Opinions in Forward Fed Rate Expectations Has Generally Led to Higher Interest Rates Futures & Options Volumes During 2024, dispersion was near historic highs We don’t have an exact parallel to our current Fed Expectations regime, so while we’ve seen strong growth during similar periods historically, other macroeconomic factors could influence future volume growth Note 2026TD to date through January 16 20 - “Fed Rate Expectations” are defined as the set of possible Fed Fund Effective Rates according to the FedWatch implied probability methodology over the next 12 months. Wider bands represent greater variance in expectations, and deeper shades of red or blue represent larger differences between the nearest meeting and the meeting twelve months from the nearest meeting. - As demonstrated by the chart, the width and intensity of the Fed Expectations area plot are associated with the slope of the Treasury simple moving average volume curve, indicating a relationship between Fed Expectation variance and Treasury F+O volumes. - We don’t have an exact parallel to our current Fed Expectations regime, so while we’ve seen strong growth during similar periods historically, other macroeconomic factors could influence future volume growth.
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Increased export capacity and demand for US natural gas is a tailwind for CME Group’s energy volume, as Henry Hub gains international relevancy ●North America's LNG export capacity is projected to over double by 2029, driven by new U.S. Gulf Coast projects ○The U.S., already the largest LNG exporter, plans to add 13.9 Bcf/d of new capacity by 2029 ●Total North American capacity is expected to rise from 11.4 Bcf/d (early 2024) to 28.7 Bcf/d (2029) ○This expansion will account for over half of global new LNG capacity through 2029 Today, the US exports ~15% of daily natural gas production. By 2030, the US will export 20-25% of daily natural gas production. Source: US Energy Information Administration 21
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC OTC Alternative Product Suite Brings Traditional OTC Functionality to CME Group Market Participants Annual ADV(Thousands) Equity Index ● These OTC alternative products meet customer’s needs under enhanced capital requirements while benefiting from the capital efficiency afforded by our Equity Index franchise ● These premium products command fees of 3 to 4 times the standard Equity Index average rate per contract Foreign Exchange ● CME FX Link creates a seamless connection between the FX futures contract and the OTC FX marketplace as a CME Globex-traded basis spread. The spread results in a simultaneous execution of FX futures cleared by CME, and OTC spot FX, subject to OTC documentation and credit relationships 1 Note 1. These trade types include BTIC (Basis Trade at Index Close), TACO (Trade at Cash Open), and TMAC (Trade Marker at Close) 22
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Reconciliation of Adjusted Operating Income 23
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© 2025 CME Group. All rights reserved. CME GROUP PUBLIC Reconciliation of Adjusted Net Income and Adjusted Diluted Earnings per Common Share 24