MES tick value & contract specs
Micro E-mini S&P 500 (MES) futures trade on CME. The price moves in ticks of 0.25, each tick is worth $1.25 per contract, and a full one-point move is worth $5 per contract.
MES contract specifications
| Symbol | MES |
|---|---|
| Contract | Micro E-mini S&P 500 |
| Exchange | CME |
| Tick size | 0.25 |
| Tick value (per contract) | $1.25 |
| Point value (per contract) | $5 |
| Ticks per point | 4 |
| Electronic hours (ET) | Sun–Fri 6:00pm – 5:00pm, daily break 5:00–6:00pm |
Hours shift around US holidays and early closes. Check CME Group's trading-hours page before relying on them for a specific date.
This is the smaller version of ES (E-mini S&P 500), which is worth $12.50 per tick. ES specs →
MES ticks to dollars
10 ticks × 1 contract = $12.50
MES tick value table
Dollar value of a move in MES before commissions, at $1.25 per tick per contract.
| Ticks | 1 contract | 2 contracts | 5 contracts | 10 contracts |
|---|---|---|---|---|
| 1 | $1.25 | $2.50 | $6.25 | $12.50 |
| 4 | $5 | $10 | $25 | $50 |
| 10 | $12.50 | $25 | $62.50 | $125 |
| 20 | $25 | $50 | $125 | $250 |
| 40 | $50 | $100 | $250 | $500 |
Worked example
You buy 2 MES contracts and the price rises 10 ticks. Profit before fees = 10 ticks × $1.25 × 2 contracts = $25. The same move against you is a loss of the same amount.
Get contract math right on every trade, automatically
Fillbook calculates futures P&L, R-multiple, and position sizing per contract automatically — no manual lookup, no spreadsheet formula. 14-day free trial, no card required.
Start free trial →Frequently asked questions
$1.25 per contract. MES moves in increments of 0.25, and each increment changes the value of one contract by $1.25.
$5 per contract. One point is 4 ticks of 0.25.
No. They are gross values from price movement alone. Your net result is lower by your broker's or prop firm's per-side fees; the fee guide lists current rates.
More contracts: Equity index
Futures P&L calculator with MES selectedFutures Position Size Calculator (Free, No Signup) — FillbookES & MES Trading Journal — FillbookAll futures tick values
These are the tick and point values Fillbook uses to calculate P&L on every logged MES trade. Confirm specifications with the exchange before trading.