What changed
Q2 revenue was $1.7B, operating income $1.1B, and diluted EPS $2.88. Adjusted EPS was $2.99 on adjusted net income of $1.1B. Market data revenue hit a record $238M, up 20% YoY. Average daily volume was 29.8M contracts, the third-highest quarterly ADV ever, with clearing and transaction fees of $1.4B.
Why it matters
Q2 revenue was $1.7B, operating income $1.1B, and diluted EPS $2.88. Adjusted EPS was $2.99 on adjusted net income of $1.1B. Market data revenue hit a record $238M, up 20% YoY. Average daily volume was 29.8M contracts, the third-highest quarterly ADV ever, with clearing and transaction fees of $1.4B.