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Asset Management

CME Group Executive Compensation (FY25)

CME · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Terrence Duffy
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 4, 2026Latest filing (8-K): May 19, 2026
13 filings cited on this page
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353 figures on this page: 345 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on CME Group

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Terrence Duffy: $23,945,589 → $23,394,854 (2.3% lower)
Say-on-pay support: 87.3% → 88.0% (0.7 points higher)
CEO pay ratio: 149:1 → 140:1 (6.0% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is CME Group's chief executive and what were they paid?
Terrence Duffy, Chairman and Chief Executive Officer, received $23,394,854 in total compensation for fiscal 2025. Compared with the $23,945,589 reported for fiscal 2024, Duffy's total was 2.3% lower.
What was CME Group's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 88.0% of votes cast including abstentions in favor at the meeting held May 14, 2026.
Which companies are in CME Group's peer group?
The disclosed peer group names CBOE Global Markets Inc., Equifax Inc., Fiserv Inc., Franklin Resources Inc. and Intercontinental Exchange Inc., among others.
What is CME Group's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 140:1, against median employee compensation of $167,162.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Terrence Duffy
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
John Pietrowicz
Chief Financial Officer
◇—◇—◇—◇◇
Julie Holzrichter
Chief Operating Officer
◇—◇—◇—◇◇
Sean Tully
Global Head of Rates and OTC Products 7
◇—◇—◇—◇◇
Sunil Cutinho
Senior Managing Director, Chief Information Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Terrence Duffy
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
John Pietrowicz
Former Chief Financial Officer
Departed during or after this year
◇—◇—◇◇◇◇
Julie Holzrichter
Chief Operating Officer
◇—◇—◇◇◇◇
Derek Sammann
Global Head of Commodities Markets
◇—◇—◇◇◇◇
Sunil Cutinho
Chief Information Officer
◇—◇—◇◇◇◇
Lynne Fitzpatrick
President and Chief Financial Officer
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Terrence Duffy
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
Lynne Fitzpatrick
President and Chief Financial Officer
◇—◇—◇◇◇◇
Derek Sammann
Global Head of Commodities Markets
◇—◇—◇◇◇◇
Julie Winkler
Chief Commercial Officer
◇—◇—◇◇◇◇
Sunil Cutinho
Chief Information Officer
◇—◇—◇◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Terrence Duffy
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
Lynne Fitzpatrick
President and Chief Financial Officer
◇—◇—◇◇◇◇
Derek Sammann
Global Head of Commodities Markets
◇—◇—◇◇◇◇
Julie Winkler
Chief Commercial Officer
◇—◇—◇◇◇◇
Sunil Cutinho
Chief Information Officer
◇—◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Derek L. SammannRSU◇——◇——◇
Derek L. SammannPSU◇◇◇—◇—◇
Derek L. SammannPSU◇◇◇—◇—◇
Julie M. WinklerRSU◇——◇——◇
Julie M. WinklerPSU◇◇◇—◇—◇
Julie M. WinklerPSU◇◇◇—◇—◇
Lynne C. FitzpatrickRSU◇——◇——◇
Lynne C. FitzpatrickPSU◇◇◇—◇—◇
Lynne C. FitzpatrickPSU◇◇◇—◇—◇
Sunil K. CutinhoPSU◇◇◇—◇—◇
Sunil K. CutinhoPSU◇◇◇—◇—◇
Sunil K. CutinhoRSU◇——◇——◇
Terrence A. DuffyPSU◇◇◇—◇—◇
Terrence A. DuffyPSU◇◇◇—◇—◇
Terrence A. DuffyRSU◇——◇——◇
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Terrence DuffyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Sunil CutinhoRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Julie WinklerRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Lynne FitzpatrickRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Derek Sammann
Global Head of Commodities Markets · Terms as described in the company’s compensation discussion
Severance cash amount◇
Julie Winkler
Chief Commercial Officer · Terms as described in the company’s compensation discussion
Severance cash amount◇
Sunil Cutinho
Chief Information Officer · Terms as described in the company’s compensation discussion
Severance cash amount◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Dennis A. Suskind
◇◇————◇
Timothy S. Bitsberger
◇◇————◇
Phyllis M. Lockett
◇◇————◇
William W. Hobert
◇◇————◇
William R. Shepard
◇◇————◇
Daniel G. Kaye
◇◇————◇
Howard J. Siegel
◇◇————◇
Rahael Seifu
◇◇————◇
Deborah J. Lucas
◇◇————◇
Martin J. Gepsman
◇◇————◇
Patrick J. Mulchrone
◇◇————◇
Kathryn Benesh
◇◇————◇
Robert J. Tierney
◇◇————◇
Elizabeth A. Cook
◇◇————◇
Bryan T. Durkin
◇◇————◇
Patrick W. Maloney
◇◇————◇
Harold Ford Jr.
◇◇————◇
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Committee meeting fee◇
Equity is delivered as Stock (unrestricted shares).

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • CBOE Global Markets Inc. CBOE
  • Equifax Inc. EFX
  • Fiserv Inc. FI
  • Franklin Resources Inc. BEN
  • Intercontinental Exchange Inc. ICE
  • Invesco Ltd. IVZ
  • Mastercard Inc. MA
  • Moody's Corp. MCO
  • Nasdaq Inc. NDAQ
  • Northern Trust Corp. NTRS
  • Paychex Inc. PAYX
  • S&P Global Inc. SPGI
  • T. Rowe Price Group Inc. TROW
  • The Charles Schwab Corp. SCHW
  • Western Union Co. WU

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 4, 2023=◇◇◇
2021May 4, 2022=◇◇◇
2020May 5, 2021=◇◇◇
2019May 6, 2020=◇◇◇
2018May 8, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Terrence Duffy (Chairman and Chief Executive Officer), FY2025 total compensation $23,394,854 (base salary $2,000,000) [exec_comp, SEC accession 0001628280-26-020500, filed 2026-03-23]

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What this page does not include

Everything above is a fact CME Group disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where CME Group sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
353 figures on this page: 345 cited to the filing that reported them, 8 calculated from figures it prints.
345 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001156375-26-000028
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001628280-26-020500
    2025 Director Compensation Table · 2025 Outstanding Equity Awards at Fiscal Year-End · 2025 Summary Compensation Table · CEO Pay Ratio · and 1 more section
  4. 0001156375-25-000120
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  5. 0001193125-24-136767
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001156375-24-000018
  7. 0001193125-23-139299
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001156375-23-000027
  9. 0001193125-22-143625
  10. 0001193125-21-155857
  11. 0001193125-20-137520
  12. 0001193125-19-145497
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001156375-25-000077
    2024 Summary Compensation Table
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “CME Group executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/CME (accessed 2026).
Short form: data: Velarion

The paid brief for CME Group

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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13 filings cited on this page
Method: intel.velarion.ai/methodology
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers CME Group discloses

The companies named in CME's own disclosed peer group.

CBOE Global Markets Inc.Equifax Inc.Franklin Resources Inc.Intercontinental Exchange Inc.Invesco Ltd.Mastercard Inc.Moody's Corp.Nasdaq Inc.Northern Trust Corp.Paychex Inc.S&P Global Inc.T. Rowe Price Group Inc.The Charles Schwab Corp.Western Union Co.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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