Dafinchi AI

CME

Financial Services

Adjusted expenses were $491 million for the quarter, or $395 million excluding license fees.
Adjusted net income was $1.1 billion and adjusted diluted EPS was $2.96, both up 16% from Q2 2024.
Adjusted operating income was a record $1.2 billion, up 14% year-over-year, with an operating margin of 71%.
Average rate per contract was $0.69, resulting in the highest quarterly clearing and transaction fees of $1.4 billion, up 11% year-over-year.
Capital expenditures were approximately $19 million, and cash at quarter-end was $2.2 billion.
CME Group generated revenue of $1.7 billion in Q2 2025, up 10% year-over-year.
Dividends paid were $455 million in Q2 and approximately $3 billion in the first half of 2025.
Market Data revenue reached a record $198 million, up 13%.

NNN

Financial Services

Acquisitions totaled just over $230 million in Q2 across 45 properties with an initial cap rate of 7.4% and average lease term over 17 years.
Annualized base rent increased nearly 7% year-over-year to $894 million at quarter-end.
Dispositions included 23 properties in Q2 generating over $50 million in proceeds, with year-to-date dispositions at 33 properties raising over $65 million.
Free cash flow after dividend was approximately $50 million in Q2.
Lease termination fees totaled $2.2 million, primarily from an auto parts store and a full-service restaurant, both resolved quickly.
NNN REIT reported core FFO of $0.84 per share and AFFO of $0.85 per share for Q2 2025, each up 1.2% year-over-year.
NOI margin was 98% for the quarter, with G&A expenses at about 5% of total revenues and NOI, and cash G&A at 3.7% of total revenues.
The balance sheet remains strong with nearly $1.5 billion in liquidity and an average debt maturity of 11 years.
Year-to-date acquisitions reached $460 million across 127 properties with similar cap rates and lease terms.

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