BM&FBOVESPA S.A.

- Bolsa de Valores, Mercadorias e Futuros

Demonstrao do resultado (consolidado) / Income Statement (Consolidated)
(Em milhares de Reais, exceto quando
indicado de outra forma)

Receita Total
Neg. e/ou Liq - BM&F
Derivativos
Cmbio
Ativos
Neg. e/ou Liq. - Bovespa
Negociao - emolumentos de prego
Transaes - compensao e liquidao
Outras
Outras receitas
Emprstimos de valores mobilirios
Listagem de valores mobilirios
Depositria, custdia e back-office
Acesso dos participantes de negociao
Vendors - cotaes e info. de mercado
Bolsa Brasileira de Mercadorias
Banco BM&FBOVESPA
Outras
Dedues da receita
PIS e Cofins
Impostos sobre servios
Receita lquida
Despesas
Pessoal e encargos
Processamento de dados
Depreciao e amortizao
Servios de terceiros
Manuteno em geral
Comunicaes
Promoo e divulgao
Impostos e taxas
Honorrios do conselho/comits
Diversas
Resultado operacional
Margem operacional
Resultado de equivalncia patrimonial
Resultado financeiro
Receitas financeiras
Despesas financeiras
Resultado antes da tributao sobre o lucro
Imposto de renda e contribuio social
Corrente
Diferido

(In thousand of Reais,

except if otherwise indicates)

Total Revenues
Trading/Settlement - BM&F
Derivatives
Foreign Exchange
Securities
Trading/Settlement - Bovespa
Trading fees
Clearing fees
Others
Other Revenues
Securities Lending
Listing
Depository, custody and back-office
Trading access (Brokers)
Vendors
Brazilian Commodities Exchange
BM&FBOVESPA Bank
Others
Revenue deductions
PIS and Cofins
Service tax
Net Revenues
Expenses
Personnel
Data processing
Deprec. and Amortization
Third Party Services
Maintenance
Communication
Marketing
Taxes
Board/Comittees Compensation
Others
Operating Income
Operating margin
Equity in Income of Investees
Financial Result
Financial Income
Financial Expenses
Income before Taxes
Income Tax and Social Contribution
Current
Deferred

Resultado lquido das operaes continuadas

Net income from continued operations

Resultado lquido das operaes descontinuadas

Net income from discontinued operations

Lucro lquido do perodo

Margem Lquida
Atribudos aos:
Acionistas da BM&FBOVESPA
Margem Lquida
Participao dos no controladores

Net Income
Net Margin
Attributable to:
BM&FBOVESPAs Shareholders
Net Margin
Minority Interest

Mdia Ponderada de aes em circulao

LPA atrib. aos acionistas da BM&FBOVESPA (em R$)

Sharecount
EPS attrib. to BM&FBOVESPAs Shareholders

Lucro Lquido Ajustado

Despesas Ajustadas
LPA ajustado (em R$)

Adjusted Net Income

Adjusted Expenses
Adjusted EPS

Ajustes nas Despesas

Despesas
(+) Depreciao
(+) Stock Option
(+) Imposto sobre dividendos - CME
(+) Provises
(-) Descontinuidade BBM
Despesas Ajustadas

Expenses
(+) Depreciation
(+) Stock Option
(+) Tax on dividends from the CME Group
(+) Provisions
(-) Discontinued BBM
Adjusted Expenses

Ajustes nas Despesas com Pessoal

Pessoal
(+) Stock Option
Despesas de Pessoal Ajustadas
Ajustes no Lucro Lquido
Lucro Lquido
(+) Stock Option
(+) Passivo diferido (benefcio fiscal do gio)
(-) Result. de equiv. patrimonial lq. de Imposto
(+) Imposto a compensar pago no exterior
Lucro Lquido Ajustado

4T14
(4Q14)
592,763
217,650
213,465
4,185
0
272,258
46,185
222,792
3,281
102,855
19,967
11,845
29,631
9,622
17,987
0
7,967
5,836
(59,330)
(51,501)
(7,829)
533,433
(250,371)
(93,083)
(40,949)
(32,128)
(13,621)
(3,119)
(3,221)
(3,269)
(34,794)
(2,266)
(23,921)
283,062
53.1%
67,487
54,054
95,570
(41,516)
404,603
(164,389)
1,592
(165,981)
240,214

4T13
4T14/4T13
(4Q13)
(4Q14/4Q13)
522,876
13.4%
197,312
10.3%
193,462
10.3%
3,850
8.7%
0 221,174
23.1%
38,410
20.2%
176,491
26.2%
6,273
-47.7%
104,390
-1.5%
22,330
-10.6%
11,610
2.0%
29,723
-0.3%
10,595
-9.2%
17,107
5.1%
0 6,218
28.1%
6,807
-14.3%
(48,460)
22.4%
(41,789)
23.2%
(6,671)
17.4%
474,416
12.4%
(251,804)
-0.6%
(94,560)
-1.6%
(30,172)
35.7%
(31,224)
2.9%
(20,146)
-32.4%
(3,135)
-0.5%
(3,672)
-12.3%
(4,983)
-34.4%
(37,793)
-7.9%
(2,230)
1.6%
(23,889)
0.1%
222,612
27.2%
46.9%
614 bps
39,533
70.7%
51,498
5.0%
83,461
14.5%
(31,963)
29.9%
313,643
29.0%
(132,251)
24.3%
(6,933)
-123.0%
(125,318)
32.4%
181,392

3T14
4T14/3T14
(3Q14)
(4Q14/3Q14)
593,174
-0.1%
228,657
-4.8%
224,584
-5.0%
4,073
2.7%
0 263,625
3.3%
44,643
3.5%
216,043
3.1%
2,939
11.6%
100,892
1.9%
19,062
4.7%
11,964
-1.0%
29,253
1.3%
10,114
-4.9%
17,779
1.2%
0 6,593
20.8%
6,127
-4.7%
(48,659)
21.9%
(40,866)
26.0%
(7,793)
0.5%
544,515
-2.0%
(192,009)
30.4%
(90,867)
2.4%
(28,287)
44.8%
(29,468)
9.0%
(8,557)
59.2%
(2,963)
5.3%
(3,065)
5.1%
(2,906)
12.5%
(7,191)
383.9%
(2,125)
6.6%
(16,580)
44.3%
352,506
-19.7%
64.7%
-1.167 bps
49,465
36.4%
47,038
14.9%
97,584
-2.1%
(50,546)
-17.9%
449,009
-9.9%
(210,319)
-21.8%
(69,066)
-102.3%
(141,253)
17.5%

2014
(2014)
2,246,452
866,577
850,607
15,970
0
977,373
162,620
793,493
21,260
402,502
81,203
47,445
117,089
39,333
70,032
0
27,220
20,180
(216,019)
(186,770)
(29,249)
2,030,433
(804,070)
(354,411)
(124,202)
(119,133)
(39,776)
(11,927)
(13,364)
(11,305)
(55,590)
(8,683)
(65,679)
1,226,363
60.4%
212,160
208,157
361,761
(153,604)
1,646,680
(660,959)
(104,159)
(556,800)
985,721

2013
2014/2013
(2013)
(2014/2013)
2,364,956
-5.0%
916,530
-5.5%
897,098
-5.2%
19,424
-17.8%
8
-100.0%
1,023,978
-4.6%
192,985
-15.7%
804,570
-1.4%
26,423
-19.5%
424,448
-5.2%
102,186
-20.5%
47,126
0.7%
116,305
0.7%
47,705
-17.5%
69,236
1.1%
0 22,023
23.6%
19,867
1.6%
(238,318)
-9.4%
(208,412)
-10.4%
(29,906)
-2.2%
2,126,638
-4.5%
(790,814)
1.7%
(352,017)
0.7%
(110,423)
12.5%
(119,534)
-0.3%
(45,631)
-12.8%
(11,688)
2.0%
(16,822)
-20.6%
(14,833)
-23.8%
(55,832)
-0.4%
(8,078)
7.5%
(55,956)
17.4%
1,335,824
-8.2%
62.8%
-241 bps
171,365
23.8%
180,695
15.2%
298,868
21.0%
(118,173)
30.0%
1,687,884
-2.4%
(606,588)
9.0%
(60,097)
73.3%
(546,491)
1.9%

32.4%

238,690

0.6%

(7,431)

(260)

2758.1%

-247800.0%

(7,807)

1,081,296
(349)

2137.0%

-8.8%

232,783
43.6%

181,132
38.2%

28.5%
546 bps

238,693
43.8%

-2.5%
-20 bps

977,914
48.2%

1,080,947
50.8%

-9.5%
-267 bps

232,427
43.6%
356

182,129
38.4%
(997)

27.6%
518 bps
-135.7%

238,407
43.8%
286

-2.5%
-21 bps
24.5%

977,053
48.1%
861

1,081,516
50.9%
(569)

-9.7%
-274 bps
-251.3%

1,828,078,140
0.127143

1,904,414,756
0.095635

-4.0%
32.9%

1,829,771,087
0.130293

-0.1%
-2.4%

1,837,383,111
0.531763

1,918,813,109
0.563638

-4.2%
-5.7%

373,231
(174,971)
0.204166

341,892
(168,416)
0.179526

9.2%
3.9%
13.7%

357,359
(146,825)
0.195303

4.4%
19.2%
4.5%

1,478,653
(592,349)
0.804761

1,609,769
(575,764)
0.838940

-8.1%
2.9%
-4.1%

(250,371)
32,128
7,010
32,833
4,383
(883)
(174,900)

(251,804)
31,224
6,777
36,193
10,786
(1,592)
(168,416)

-0.6%
2.9%
3.4%
-9.3%
-59.4%
-44.5%
3.8%

(192,009)
29,468
7,346
5,766
4,266
(1,662)
(146,825)

30.4%
9.0%
-4.6%
469.5%
2.7%
-46.9%
19.1%

(804,070)
119,133
28,805
49,413
19,531
(5,162)
(592,349)

(790,814)
119,534
28,136
50,987
22,481
(6,088)
(575,763)

1.7%
-0.3%
2.4%
-3.1%
-13.1%
-15.2%
2.9%

Personnel
(+) Stock Option
Adjusted Personel Expenses

(93,083)
7,010
(86,073)

(94,560)
6,777
(87,783)

-1.6%
3.4%
-1.9%

(90,867)
7,346
(83,521)

2.4%
-4.6%
3.1%

(354,411)
28,805
(325,606)

(352,017)
28,136
(323,881)

0.7%
2.4%
0.5%

Net Income
(+) Stock Option
(+) Deferred liability
(-) Equity in results of investees (net of taxes)
(+) Recoverable taxes paid overseas
Adjusted Net Income

232,427
7,010
138,644
(34,654)
29,804
373,231

182,129
6,777
138,912
(3,340)
17,414
341,892

27.6%
3.4%
-0.2%
937.5%
71.2%
9.2%

238,407
7,346
138,644
(43,699)
16,662
357,359

-2.5%
-4.6%
0.0%
-20.7%
78.9%
4.4%

977,053
28,805
554,576
(162,747)
80,966
1,478,653

1,081,516
28,136
555,648
(120,378)
64,847
1,609,769

-9.7%
2.4%
-0.2%
35.2%
24.9%
-8.1%