CME Group Inc. has released its financial results for the third quarter of 2023, reporting revenues of $1.3 billion and an operating income of $820 million. The company achieved a net income of $750 million, with diluted earnings per common share at $2.06. On an adjusted basis, the net income amounted to $818 million, and diluted earnings per common share were $2.25.

During the third quarter, CME Group achieved an average daily volume of 22.3 million contracts, including 6.5 million non-U.S. contracts, reflecting a 7% increase from the same period in 2022. The company experienced notable growth in interest rates, agricultural, energy, and metals products.

CME Group's revenue from clearing and transaction fees reached $1.1 billion, with an average rate per contract of $0.707. Market data revenue for the same period totaled $168 million.

"CME Group delivered its ninth consecutive quarter of double-digit growth in adjusted earnings per share and a 9% increase in revenue as market participants continued turning to our markets to mitigate their business risks amid accelerating geopolitical uncertainty," said CME Group Chairman and Chief Executive Officer Terry Duffy according to a press release by CME Group. "This was a particularly strong quarter, with interest rate volume increasing 6%, driven by an 18% rise in Treasury futures ADV and records in our Ultra 10-Year and Ultra T-Bond futures. We also generated significant growth across agricultural, energy and options products."

Duffy also highlighted the strong performance in interest rate volume, which increased by 6% driven by an 18% rise in Treasury futures average daily volume. The company also achieved records in its Ultra 10-Year and Ultra T-Bond futures. CME Group experienced significant growth across agricultural, energy, and options products.

As of late September, CME Group held approximately $2.5 billion in cash, including $150 million deposited with Fixed Income Clearing Corporation. The company had $3.4 billion in debt. During the third quarter, CME Group disbursed dividends totaling around $400 million, demonstrating its commitment to returning value to shareholders.