Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Collateral interest outearns the exchange's trading fees
Most of that interest goes back to clearing firms, so the float adds a slim, separate layer of profit.
For investorsHow much of the volume surge can outlast the shocks behind it?
For foundersSelling the same product in smaller sizes
Smaller micro contracts and more member trading cut the average fee, but volume grew fast enough to lift fees 12.2%.
Expenses rose 5.5% against revenue growth of 13.0%, so most of the new revenue reached operating income.
Traders go where the liquidity already is, and serving them takes little new capital each year.
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Business Lens describes CME Group from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
