Overview
- Adjusted earnings reached $2.68 per share, beating the Zacks estimate of $2.63 as the stock rose about 1.4%.
- Quarterly revenue fell 2.9% year over year to $1.5 billion, and net income was $908 million versus $901 million a year earlier.
- Average daily volume was 25.3 million contracts, down roughly 10.4%, contributing to $1.2 billion in clearing and transaction fees.
- Market data revenue hit a record $203 million, and management called out stronger activity in cryptocurrency derivatives.
- The company highlighted ongoing initiatives including a FanDuel partnership and 24/7 crypto futures and options, while reporting $2.6 billion in cash, $3.4 billion in debt, and $3.5 billion in dividends paid year to date.