CME Group Inc. (CME) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 1.26B | 1.13B | 968.1M | 1.06B | 1.12B | 1.02B | 1B | 776.9M | 892.7M | 1.04B | 856.7M | 650.4M | 902.4M | 981.5M | 657.8M | 617.6M | 799.1M | 668.3M | 631.6M | 499.8M |
| Operating CF Margin % | 67.01% | 68.78% | 62.96% | 62.56% | 67.99% | 66.73% | 63.3% | 50.69% | 60% | 72.56% | 64.04% | 47.82% | 62.6% | 81.26% | 53.58% | 49.92% | 59.34% | 58.25% | 56.91% | 42.38% |
| Operating CF Growth % | 12.83% | 11.4% | -3.48% | 36.25% | 25.08% | -2.53% | 17.08% | 19.45% | -1.07% | 6.4% | 30.24% | 5.31% | 12.93% | 46.87% | 4.15% | 23.57% | 32.59% | 1.21% | 102.83% | -49.35% |
| Net Income | 1.15B | 1.18B | 908M | 1.03B | 956.2M | 874.6M | 912.8M | 883.2M | 855.2M | 833.4M | 750.2M | 777.6M | 883.8M | 637.9M | 679.6M | 662.5M | 711M | 625.2M | 926.3M | 510.6M |
| Depreciation & Amortization | 56.1M | 168.2M | 82.6M | 83.4M | 82.5M | 83.4M | 83.9M | 84.2M | 85.3M | 86.3M | 88.3M | 89.3M | 88.7M | 90.6M | 90M | 90.1M | 91.9M | 94.5M | 96.2M | 96.5M |
| Stock-Based Compensation | 21.8M | 73.6M | 24M | 20.7M | 21.2M | 27.1M | 20.3M | 18.8M | 23.3M | 24.3M | 18.9M | 19.5M | 20.2M | 25.5M | 19.4M | 19.4M | 20M | 18.6M | 15.6M | 19.4M |
| Deferred Taxes | -13.4M | 1.3M | -6.7M | -13.3M | -7.4M | -44.5M | -7.4M | -7.1M | -7.4M | -49.2M | -8.6M | -8.5M | -8.7M | -1.1M | -10.1M | -6.9M | -5.1M | 21M | -5.4M | 27M |
| Other Non-Cash Items | 41.1M | -460.3M | -25.8M | -5.7M | -2.6M | 10.4M | 12.3M | -9.2M | -2.5M | -19.1M | 18.1M | -9.2M | -58.9M | 41.6M | -7.4M | -232.3M | 16.5M | -102M | -449.5M | -30.8M |
| Working Capital Changes | 0 | 168.2M | -14M | -51.7M | 66.7M | 66.9M | -18.9M | -193M | -61.2M | 168.6M | -10.2M | -218.3M | -22.7M | 187M | -113.7M | 84.8M | -35.2M | 11M | 48.4M | -122.9M |
| Change in Receivables | -295.8M | 2.8M | 25.5M | 101.4M | -196.8M | 55.8M | -29.7M | 27.9M | -93.4M | 23.4M | 40.8M | 125.5M | -241.2M | 96.3M | 600K | 26M | -174M | 36.1M | 50.7M | 13.7M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 3.6M | -3.1M | -17.5M | -7.8M | 20.3M | -50M | 30M | -11.2M | 20.5M | 36.7M | 2.9M | -46.2M | -24.2M | 26.3M | 14.2M | 0 | 32M | -22.2M | 24.6M | -12.3M |
| Cash from Investing | -23M | 1.55B | -19.1M | -18M | -16M | -25.3M | -29.5M | -5M | -22.8M | -20.4M | -19.5M | 78M | -17.2M | -25.7M | -23.6M | -417.6M | -22.9M | 67.6M | 58.8M | -34M |
| Capital Expenditures | 0 | -32.5M | -18.4M | -18.4M | -14.2M | -26.2M | -29.8M | -18.2M | -19.8M | -20.8M | -19.9M | -20.5M | -15.2M | -24.4M | -24M | -17.9M | -23.4M | -27.3M | -31.7M | -39.7M |
| CapEx % of Revenue | - | 1.97% | 1.2% | 1.09% | 0.86% | 1.72% | 1.88% | 1.19% | 1.33% | 1.45% | 1.49% | 1.51% | 1.05% | 2.02% | 1.95% | 1.45% | 1.74% | 2.38% | 2.86% | 3.37% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 124.2M | 1.63B | 123.2M | 117.6M | 113.9M | 113.2M | 112.3M | 121.7M | 121M | 111.7M | 104.1M | 106.7M | 105M | 96M | 91.3M | 95.1M | 109.6M | 115M | 110.3M | 110.9M |
| Other Investing | -23.3M | 2.7M | 0 | 0 | 0 | -3.6M | 0 | 0 | 0 | 0 | 400K | 98.5M | 0 | 0 | -1.1M | 0 | -23.4M | 39.3M | 0 | 0 |
| Cash from Financing | 2.12B | 9.9B | 6.4B | 21B | 19.21B | -984.1M | 13.35B | -9.22B | 1.94B | 2.59B | -26.47B | -15.26B | -9.2B | -5.09B | 1.16B | -29.67B | 8.22B | 71.81B | -342.1M | -321.1M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | 8.2M | -8.2M | -8.8M | -8.2M | -3.5M | -17.1M | -100K | -12.3M | -2.9M | -17.4M | -800K | -300K | -3.1M | -16.4M | -1M | -4.3M | 965M | -17.7M | -400K |
| Dividends Paid | -2.7B | -455M | -455.3M | -455.3M | -2.57B | -418.8M | -418.5M | -418.5M | -2.33B | -400.1M | -400M | -399.8M | -2.04B | -363.5M | -363.2M | -363.3M | -1.54B | -326.8M | -322.5M | -322.5M |
| Share Repurchases | -538.7M | 8.2M | -8.2M | -8.8M | -8.2M | -3.5M | -17.1M | -100K | -12.3M | -2.9M | -17.4M | -800K | -300K | -3.1M | -16.4M | -1M | -4.3M | -500K | -17.7M | -400K |
| Other Financing | 4.81B | 10.35B | 6.86B | 21.46B | 21.79B | -561.8M | 13.78B | -8.8B | 4.28B | 2.99B | -26.05B | -14.85B | -7.16B | -4.72B | 1.54B | -29.31B | 9.78B | 71.17B | -1.9M | 1.8M |
| Net Change in Cash | 0 | 1.97B | 465.5M | 576.2M | 20.31B | 8.5M | 14.32B | 353M | 2.81B | 611.9M | -25.63B | -14.53B | -8.31B | -4.14B | 1.79B | -29.47B | 9B | 159.32B | 348.3M | 144.7M |
| Free Cash Flow | 1.26B | 1.1B | 949.7M | 1.04B | 1.1B | 991.7M | 973.2M | 758.7M | 872.9M | 1.02B | 836.8M | 629.9M | 887.2M | 957.1M | 633.8M | 599.7M | 775.7M | 641M | 599.9M | 460.1M |
| FCF Margin % | 67.01% | 66.8% | 61.77% | 61.47% | 67.13% | 65.02% | 61.42% | 49.51% | 58.67% | 71.11% | 62.55% | 46.31% | 61.54% | 79.24% | 51.62% | 48.47% | 57.6% | 55.87% | 54.05% | 39.02% |
| FCF Growth % | 14.29% | 11.06% | -2.41% | 37.09% | 26.29% | -3.11% | 16.3% | 20.45% | -1.61% | 6.94% | 32.03% | 5.04% | 14.37% | 49.31% | 5.65% | 30.34% | 35.09% | 8.59% | 128.01% | -51.59% |
| FCF per Share | 3.47 | 3.06 | 2.64 | 2.89 | 3.06 | 2.75 | 2.70 | 2.11 | 2.43 | 2.85 | 2.33 | 1.75 | 2.47 | 2.66 | 1.76 | 1.67 | 2.16 | 1.79 | 1.67 | 1.28 |
| FCF Conversion (FCF/Net Income) | 1.09x | 0.97x | 1.07x | 1.05x | 1.17x | 1.16x | 1.10x | 0.88x | 1.04x | 1.28x | 1.14x | 0.84x | 1.02x | 1.54x | 0.97x | 0.93x | 1.12x | 1.07x | 0.68x | 0.98x |
| Interest Paid | 0 | 23.9M | 46.7M | 23.9M | 41.1M | 23.9M | 41M | 23.9M | 41.1M | 23.9M | 41M | 23.9M | 41.1M | 24.5M | 41.4M | 23.9M | 43.4M | 23.9M | 42.3M | 24.7M |
| Taxes Paid | 0 | 308.8M | 275.6M | 566.9M | 12.7M | -938.6M | 288.9M | 534.9M | 114.8M | 226.1M | 271.6M | 580.8M | 30.9M | 169.4M | 324.6M | 434.8M | 44.6M | 142.5M | 178.8M | 367.9M |