The company said its average rate per contract for Q3 2026 and the 9-month period decreased from a year earlier. The company cited increases in micro contract volumes in equities, energy and metals, which carry a lower overall rate per contract, and higher member trading as a percentage of total volume as the main explanations. It said a change in product mix and certain clearing and transaction fee increases that took effect on April 1, 2026 partially offset the decrease.

10-QQuarterly reportFiled Oct 23, 2026Period of report Sep 30, 2026Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said its average rate per contract for Q3 2026 and the 9-month period decreased from a year earlier. The company cited increases in micro contract volumes in equities, energy and metals, which carry a lower overall rate per contract, and higher member trading as a percentage of total volume as the main explanations. It said a change in product mix and certain clearing and transaction fee increases that took effect on April 1, 2026 partially offset the decrease.
The company said earnings from reinvested cash performance bond and guaranty fund contributions in Q3 2026 were $1,391.7 million, compared with $1,514.1 million in the prior-year quarter. Interest expense distributed to clearing firms in the same quarter was $1,269.0 million, compared with $1,399.2 million a year earlier.
The company said operating expenses rose by $30.9 million for Q3 2026 and by $103.4 million for the 9-month period. The company attributed the increase to higher technology support services costs from more third-party services supporting the Google Cloud transformation project, and higher license fees from increased trading in certain equity products.
The company said cash and cash equivalents, excluding restricted cash and restricted cash equivalents, were $2.2 billion as of September 30, 2026, down from $4.4 billion as of December 31, 2025. The remaining amount under its authorized $3.0 billion share repurchase program was $1.0 billion as of September 30, 2026.

Summary

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

Lower Average Rate per Contract

The company said its average rate per contract for Q3 2026 and the 9-month period decreased from a year earlier. The company cited increases in micro contract volumes in equities, energy and metals, which carry a lower overall rate per contract, and higher member trading as a percentage of total volume as the main explanations. It said a change in product mix and certain clearing and transaction fee increases that took effect on April 1, 2026 partially offset the decrease.

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

Reinvestment Income and Distribution Costs

The company said earnings from reinvested cash performance bond and guaranty fund contributions in Q3 2026 were $1,391.7 million, compared with $1,514.1 million in the prior-year quarter. Interest expense distributed to clearing firms in the same quarter was $1,269.0 million, compared with $1,399.2 million a year earlier.

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

Factors Behind Higher Operating Expenses

The company said operating expenses rose by $30.9 million for Q3 2026 and by $103.4 million for the 9-month period. The company attributed the increase to higher technology support services costs from more third-party services supporting the Google Cloud transformation project, and higher license fees from increased trading in certain equity products.

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

Liquidity and Share Repurchase Capacity

The company said cash and cash equivalents, excluding restricted cash and restricted cash equivalents, were $2.2 billion as of September 30, 2026, down from $4.4 billion as of December 31, 2025. The remaining amount under its authorized $3.0 billion share repurchase program was $1.0 billion as of September 30, 2026.

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

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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

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