One ES tick (0.25 index points) is worth $12.50, and one full point is worth $50. The micro version, MES, is one tenth of that: $1.25 a tick and $5 a point.
ES tick value
ES vs MES
| Symbol | Contract | Tick size | Tick value | Point value |
|---|---|---|---|---|
| ES | E-mini S&P 500 | 0.25 index points | $12.50 | $50.00 |
| MES | Micro E-mini S&P 500 | 0.25 index points | $1.25 | $5.00 |
| NQ | E-mini Nasdaq-100 | 0.25 index points | $5.00 | $20.00 |
| MNQ | Micro E-mini Nasdaq-100 | 0.25 index points | $0.50 | $2.00 |
Source: CME Group rulebook ES, MES, NQ, MNQ. Checked October 2026.
Questions traders ask
How much is 1 point on ES?
One point on ES is worth $50 per contract.
What is the ES tick size?
0.25 index points, worth $12.50.
How many MES equal one ES?
Ten.