CME Group Inc. said it made total revenue of $929 million and operating income of $601 million for the first quarter of 2017.
The commodities trading platform said its net income was $400 million and diluted earnings per share were $1.18. On an adjusted basis, net income was a record $416 million and diluted earnings per share were a record $1.22. Financial results presented on an adjusted basis for the first quarters of 2017 and 2016 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1
“At a time of increased global uncertainty, our diverse products and product extensions provide customers with highly effective ways to manage risks across all major asset classes,” said CME Group Chairman and Chief Executive Officer Terry Duffy. “This is reflected in our record first-quarter results, which included our largest quarterly average daily volume ever, with record volumes in interest rate futures and options, metals futures and equity options.
He said “Our success is further evidenced by the record open interest of more than 123 million contracts we hit during the first quarter. At the same time, we continue to focus on operational efficiency and expense discipline. This gives us the opportunity to invest in our long-term growth initiatives while returning excess cash to our shareholders.”
