The company said earnings from reinvested cash performance bond and guaranty fund contributions were $5,073.9 million in 2023 and $2,169.5 million in 2022. It cited a higher interest rate earned in the cash accounts at the Federal Reserve Bank of Chicago as a factor.

10-KAnnual reportFiled Feb 28, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

The company said earnings from reinvested cash performance bond and guaranty fund contributions were $5,073.9 million in 2023 and $2,169.5 million in 2022. It cited a higher interest rate earned in the cash accounts at the Federal Reserve Bank of Chicago as a factor.
The company said expenses related to the distribution of interest earned on collateral reinvestments to clearing members were $4,717.5 million in 2023 and $1,889.7 million in 2022. It said these expenses rose along with higher reinvestment interest income.
CME Group said operating expenses increased by $139.7 million in 2023 compared with 2022. The company cited an increase in its non-qualified deferred compensation liability, technology support costs for the Google Cloud transformation project, higher headcount, and costs related to a reduction in force of 3% of employees as factors.
The company said it declared a regular quarterly dividend of $1.15 per share on February 8, 2024, with the first quarter dividend payment expected to total about $420 million. It said it paid an annual variable dividend of $5.25 per share declared on December 7, 2023 on January 18, 2024, and expects capital expenditures for 2024 to total about $85 million.

Key figures

Fiscal year ended December 31, 2023

Revenue: $5.6B
Operating income: $3.4B
Net income: $3.2B
EPS: $8.86
Operating cash flow: $3.5B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Higher Interest Income on Invested Funds

The company said earnings from reinvested cash performance bond and guaranty fund contributions were $5,073.9 million in 2023 and $2,169.5 million in 2022. It cited a higher interest rate earned in the cash accounts at the Federal Reserve Bank of Chicago as a factor.

Source · Based on the MD&A text of the filing

Interest Distribution Expense to Clearing Members

The company said expenses related to the distribution of interest earned on collateral reinvestments to clearing members were $4,717.5 million in 2023 and $1,889.7 million in 2022. It said these expenses rose along with higher reinvestment interest income.

Source · Based on the MD&A text of the filing

Factors Behind Higher Operating Expenses

CME Group said operating expenses increased by $139.7 million in 2023 compared with 2022. The company cited an increase in its non-qualified deferred compensation liability, technology support costs for the Google Cloud transformation project, higher headcount, and costs related to a reduction in force of 3% of employees as factors.

Source · Based on the MD&A text of the filing

Dividend and Capital Expenditure Plans

The company said it declared a regular quarterly dividend of $1.15 per share on February 8, 2024, with the first quarter dividend payment expected to total about $420 million. It said it paid an annual variable dividend of $5.25 per share declared on December 7, 2023 on January 18, 2024, and expects capital expenditures for 2024 to total about $85 million.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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