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Cboe Global Markets

CBOE · Financials

Last earnings Jul 31, 2026

Key results

Revenuequarter

25 percent

Cboe delivered another quarter of record revenue results, producing 25 percent net revenue growth on a year-over-year basis, 50 percent diluted EPS growth, and 45 percent adjusted diluted EPS growth, said Jill Griebenow, Cboe Global Markets Executive Vice President, Chief Financial Officer.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

EPSquarter

50 percent

Cboe delivered another quarter of record revenue results, producing 25 percent net revenue growth on a year-over-year basis, 50 percent diluted EPS growth, and 45 percent adjusted diluted EPS growth, said Jill Griebenow, Cboe Global Markets Executive Vice President, Chief Financial Officer.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Adjusted EPSquarter

45 percent

Cboe delivered another quarter of record revenue results, producing 25 percent net revenue growth on a year-over-year basis, 50 percent diluted EPS growth, and 45 percent adjusted diluted EPS growth, said Jill Griebenow, Cboe Global Markets Executive Vice President, Chief Financial Officer.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Our Derivatives business again set a quarterly record, growing net revenue 30 percent on the back of another record quarter of index options volumes.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Cash and Spot Markets net revenue rose 22 percent and our Data Vantage business grew 15 percent on a year-over-year basis.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Diluted EPS for the second quarter of 2026 increased 50 percent to $3.35 compared to the second quarter of 2025.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Adjusted diluted EPS 1 of $3.56 increased 45 percent compared to 2025 second quarter results.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

- More - News Release Page 3 of 15 Discussion of Results by Business Segment Options Record Options net revenue of $473.9 million was up $109.1 million, or 30 percent, from the second quarter of 2025.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Net transaction and clearing fees 1 increased primarily as a result of a 26 percent increase in total options average daily volume ( ADV ), coupled with a 6 percent increase in total options revenue per contract ( RPC ) versus the second quarter of 2025.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Equities net revenue of $114.7 million increased $16.3 million, or 17 percent, from the second quarter of 2025, reflecting higher net transaction and clearing fees 1 , access and capacity fees, and market data fees.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

AI analysis

Q2 2026 · reported Jul 31, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

EPS · Q2 2026
50 percent
EX-99 · Jul 31, 2026
Revenue · Q2 2026
25 percent
-100.0% vs prior quarter computed from stated figures
EX-99 · Jul 31, 2026
Adjusted EPS · Q2 2026
45 percent
+1917.9% vs prior quarter computed from stated figures
EX-99 · Jul 31, 2026

Headline figures

MetricQ2 2026Prior qtrYear ago
Revenue25 percent$587 million—
EPS50 percent$2.23—
Adjusted EPS45 percent$2.23—

EX-99 · Jul 31, 2026

Guidance · company-stated

effective tax rate

“on adjusted earnings 2 for the full year 2026 is expected to be in the range of 27.5 to 29.5 percent”

Capital expenditures

“for 2026 are expected to be in the range of $98 to $108 million”

operating expenses

“guidance is being reduced by $11 million”

Guidance stated in the release for the full year 2026; figures as stated.

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend$75.7M
Capex$108M

The company paid cash dividends of $75.7 million, or $0.72 per share, during the second quarter of 2026 and utilized $32.6 million to repurchase approximately 127 thousand shares of its common stock under its share repurchase program at an average price of $256.61 per share.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Our strong second quarter results reflect the progress we re making as we execute our growth strategy, said Craig Donohue, Chief Executive Officer of Cboe Global Markets

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

effective tax rate: “effective tax rate on adjusted earnings 2 for the full year 2026 is expected to be in the range of 27.5 to 29.5 percent”

Capital expenditures: “Capital expenditures for 2026 are expected to be in the range of $98 to $108 million”

operating expenses: “operating expenses guidance is being reduced by $11 million”

effective tax rate (“the full year 2026”)
“Reaffirms the effective tax rate on adjusted earnings 2 for the full year 2026 is expected to be in the range of 27.5 to 29.5 percent.”

Capital expenditures (“the full year 2026”)
“Capital expenditures for 2026 are expected to be in the range of $98 to $108 million, up from our prior guidance of $73 to $83 million.”

operating expenses (“the full year 2026”)
“Given an expected third quarter sale completion for Cboe Australia, 2026 adjusted operating expenses guidance is being reduced by $11 million, and the total organic net revenue growth guidance and Data Vantage organic net revenue growth guidance excludes the 2025 and 2026 impact of Cboe Australia in its organic guidance calculation.”

Guidance stated in the release for the full year 2026; figures as stated.

Capital allocation

The company paid cash dividends of $75.7 million, or $0.72 per share, during the second quarter of 2026 and utilized $32.6 million to repurchase approximately 127 thousand shares of its common stock under its share repurchase program at an average price of $256.61 per share.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

As of June 30, 2026, the company had approximately $536.8 million of availability remaining under its existing share repurchase authorizations.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Capital expenditures for 2026 are expected to be in the range of $98 to $108 million, up from our prior guidance of $73 to $83 million.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Total debt as of June 30, 2026 was $1,443.8 million.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Strategy & priorities

Our strong second quarter results reflect the progress we re making as we execute our growth strategy, said Craig Donohue, Chief Executive Officer of Cboe Global Markets.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

We re investing in opportunities that will define Cboe s future.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

We remain focused on disciplined execution as we build on this momentum.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

This increase was primarily due to an increase in severance expense related to the company's previously announced strategic realignment and an increase in accrued bonuses related to strong company performance, partially offset by a decrease in impairment expense related to Cboe Japan in 2025.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

These forward-looking statements, which are subject to known and unknown risks, uncertainties, and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Risks & headwinds

The company believes that there is uncertainty and unpredictability with respect to certain of its GAAP measures, primarily related to acquisition-related revenues and costs that would be required to reconcile to GAAP revenues less cost of revenues, and GAAP operating expenses, which preclude the company from providing accurate guidance on certain forward-looking GAAP to non-GAAP reconciliations.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

These forward-looking statements, which are subject to known and unknown risks, uncertainties, and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Legal Proceedings 90 Item 1A.

SEC original ↗Cboe Global Markets — 10-Q Quarterly report10-QOct 30, 2026

While we are not aware of any misstatements regarding industry data presented herein, our estimates involve risks and uncertainties and are subject to change based on various factors.

SEC original ↗Cboe Global Markets — 10-Q Quarterly report10-QOct 30, 2026

In particular, you should consider the risks and uncertainties described under Risk Factors in this Quarterly Report and other filings with the SEC.

SEC original ↗Cboe Global Markets — 10-Q Quarterly report10-QOct 30, 2026

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Cboe Global Markets — Earnings release (8-K exhibit)EX-99Jul 31, 2026

Documents

Earnings deck slides

0 decks with slide view

Cboe Global Markets — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Cboe Global Markets — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

62 documents

Earnings releases

19 documents

Presentations

2 documents

Transcripts

0 documents

No transcripts for Cboe Global Markets are held in this edition of the library.

Mentioned by

10 companies

Other tracked companies whose held documents mention Cboe Global Markets by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.