Key Takeaways
CME Group (CME): Q4 2025 earnings due February 4, 2026; consensus expects adjusted EPS $2.75 and revenue ~$1.6B.
Trading Activity: CME’s full-year 2025 average daily volume (ADV) hit 28.1M contracts, up 6% YoY, signaling robust derivatives demand.
S&P Global (SPGI): Q4 2025 earnings due February 10, 2026; Q3 posted EPS $4.73 and 9% revenue growth, driven by Ratings, Indices, and Market Intelligence.
Business Models: CME thrives on transaction-based volume and clearing fees, while SPGI benefits from subscription-driven, recurring revenue.
Investor Focus: CME’s 2026 fee guidance, volume outlook, and market volatility resilience versus SPGI’s premium margins and subscription growth.
Why This Comparison Matters
CME and SPGI operate at different intersections of financial services:
CME captures volatility-driven profits from derivatives trading, clearing, and market data.
SPGI leverages high-margin analytics, ratings, and indices, delivering predictable, subscription-backed cash flows.
The upcoming earnings releases provide insight into volume-driven growth versus stable, margin-rich subscription revenue, aiding investors in positioning for rate volatility, trading demand, and data-driven financial services.
CME Earnings Focus
CME’s Q4 and full-year 2025 results (pre-market, February 4) are expected to show:
Adjusted EPS: $2.75 (+9.1% YoY from $2.52)
Revenue: $1.6–$1.64B (+~7%)
Key Drivers:
Average daily volume (ADV): Q4 record of 27.4M contracts
Clearing and transaction fees: ~$1.3B
Market data revenue growth and 2026 fee guidance
Volume Highlights: Metals +34% and energy contracts showing volatility-fueled growth; interest rate contracts also key.
Historical Context: CME has beaten EPS estimates in the last four quarters, though stock reactions are often muted, reflecting market anticipation.
SPGI Context and Earnings Relevance
SPGI’s Q4 earnings on February 10, 2026, follow a strong Q3 showing:
Revenue: ~$3.89B (+9%)
Adjusted EPS: $4.73 (vs $4.40 consensus)
Growth Drivers: Ratings and Market Intelligence; adjusted operating margins ~52%
Investor Takeaways: SPGI’s subscription-heavy model contrasts CME’s volatility-driven revenue, providing predictable cash flows and high margins.
Insights:
CME offers a volume-driven, high-beta play on derivatives markets, benefiting from volatility spikes.
SPGI provides premium valuation with steady recurring revenue, insulating it from short-term market swings.
Risks: CME faces competition and regulatory scrutiny; SPGI is sensitive to deal flow and economic cycles.
Tickeron AI Perspective
Tickeron AI Verdict
Tickeron’s AI models lean toward CME pre-earnings, highlighting:
Record volumes and consistent EPS beats (4/4 quarters)
Undervalued P/E (~26x) relative to premium SPGI (~40x)
Short-term probabilistic edge in volatility-driven trading, assuming positive guidance
SPGI remains attractive for margin stability and subscription growth, but CME’s derivatives exposure and guidance leverage provide potential for near-term outperformance.
Disclaimers and Limitations
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CME advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
CME may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on June 18, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on CME as a result. In of 104 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CME turned negative on June 18, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CME declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CME entered a downward trend on July 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.329) is normal, around the industry mean (4.988). P/E Ratio (20.922) is within average values for comparable stocks, (23.913). CME's Projected Growth (PEG Ratio) (4.299) is very high in comparison to the industry average of (1.909). CME has a moderately high Dividend Yield (0.046) as compared to the industry average of (0.021). CME's P/S Ratio (13.106) is slightly higher than the industry average of (7.643).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CME’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CME’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an operator of securities and commodity exchanges
Industry FinancialPublishingServices