Income StatementBalance SheetCash FlowSegments
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Cboe Global Markets Income Statement

Revenue, expenses, and profitability over time

Cboe Global Markets generated $4.8B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.2B with a 25.77% net margin. Gross margin stands at 54.11% and operating margin at 33.78%. Diluted EPS is $11.71, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.8BGross Profit (TTM)$2.6BOperating Income (TTM)$1.6BNet Income (TTM)$1.2BEps Diluted (TTM)$11.71
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$37.5B
P/E Ratio30.39
ROE25.14%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative Gain (Loss) Excluded from Effectiveness—-$4.4M———$4.4M
Interest Income (Expense), Non-operating—-$4.4M———$4.4M
Other Non-Cash Income (Expense)—$4.8M-$400.0K-$1.6M-$5.0M$100.0K
Cash Paid for Interest$18.1M$26.7M$19.9M$30.3M$14.8M$28.6M
Other non-cash income (expense)—$4.8M-$400.0K-$1.6M-$5.0M$100.0K
Income from equity method investments$200.0K-$2.9M-$3.7M$45.6M$45.2M$0.0
Other Charges-$12.9M$4.0M-$1.8M$6.1M$1.3M$6.2M
Interest expense$12.9M$12.8M$12.9M$13.3M$13.3M$13.3M
Other Non-Cash Income (Expense)—$4.8M-$400.0K-$1.6M-$5.0M$100.0K
Interest Income (Expense), Nonoperating—-$4.4M———$4.4M
Other income (expense), net-$12.9M$4.0M-$1.8M$6.1M$1.3M$6.2M
Non-operating Interest Income (Expense)—-$4.4M———$4.4M
Other Non-cash Income (Expense)—$4.8M-$400.0K-$1.6M-$5.0M$100.0K
Other Non-Cash Income (Expense)—$4.8M-$400.0K-$1.6M-$5.0M$100.0K
Interest expense on debt—$12.8M———$13.3M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.6———$0.7
Capital Expenditures$23.8M$14.7M$20.3M$16.0M$20.0M$19.2M
Change in Accounts Receivable$88.6M$40.9M-$69.0M-$4.1M-$47.2M$129.7M
Change in Deferred Revenue$600.0K$6.9M-$2.8M-$3.8M$200.0K$9.8M
Change in Other Current Assets$32.3M$7.1M———$3.6M
Change in Other Liabilities-$2.2M-$600.0K-$2.7M$2.3M$0.0$700.0K
Tax Withholding for Share-Based Payments$1.4M$22.9M$700.0K$4.5M$1.7M$28.5M
Common Stock Dividends Per Share—$0.6———$0.7
Other Comprehensive Income (Loss), Net of Tax—$23.6M———-$19.0M
Dividends per share declared—$0.6———$0.7
Reclassifications Net of Tax$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Change in Accounts Payable and Accrued Liabilities—-$69.1M———-$351.7M
Change in Income Taxes Payable—$6.3M———$200.0K
Net Change in Cash and Restricted Cash—$904.4M———$1.7B
Operating Lease Payments—$7.3M———$8.1M
ROU Asset Obtained - Operating Lease—$6.5M———$1.3M
OCI Attributable to Parent—$23.6M———-$19.0M
OCI Foreign Currency Translation, Before Tax—$23.6M———-$19.0M
Number of reportable segments—————5.00
Payments to acquire available-for-sale debt securities—$77.7M———$0.0
Dividends per share declared—$0.6———$0.7
Common Stock Dividends Per Share Declared—$0.6———$0.7
Income Taxes Paid, Net—$8.0M$140.6M$92.3M—$320.7M
Interest Paid, Net$18.1M$26.7M$19.9M$30.3M$14.8M$28.6M
Additional operating lease liabilities—————$1.3M
Share-based compensation expense related to employee stock plans—$12.4M———$12.9M
Amortization of debt discount and issuance costs—$600.0K———$600.0K
Amortization of capitalized software and acquired intangible assets—$18.4M———$16.7M
Stock options excluded as their inclusion would be anti-dilutive (in shares)—$0.0———$0.0
Non-cash impairment related to capitalized software development costs————$5.6M—
Dividends declared (in dollars per share)—$0.6———$0.7
Common stock, votes per share—————1.00
Comprehensive Income Loss Available To Common Stockholders After Tax—$273.0M———$365.1M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$274.2M———$366.7M
Cash Additions—————$16.3M
Deferred taxes$0.0-$6.2M-$12.9M-$11.4M—$48.9M
Depreciation—$9.4M———$10.5M
Dividends, Common Stock, Cash—$66.4M———$75.8M
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash-$128.5M$125.7M$173.7M-$32.5M$4.9M-$58.1M
Effective tax rates—$0.3———$0.3
Recoveries—————$0.0
Financing Receivable, Allowance for Credit Loss, Writeoff—————$0.0
Gain (Loss) on Sale of Other Investments—-$3.3M-$1.1M$52.7M—-$700.0K
Foreign Currency Translation and Other Adjustments—————-$8.1M
Income Taxes Paid, Net—$8.0M$140.6M$92.3M—$320.7M
Accounts payable and other current liabilities—-$69.1M$13.2M$54.5M$7.9M-$351.7M
Increase (Decrease) in Accounts Receivable$88.6M$40.9M-$69.0M-$4.1M-$47.2M$129.7M
Increase Decrease In Accrued Income Taxes Payable$1.4M$6.3M-$7.3M$12.9M$36.6M$200.0K
Increase (decrease) in contract liabilities and current deferred income$600.0K$6.9M-$2.8M-$3.8M$200.0K$9.8M
Increase (Decrease) in Income Taxes Receivable—-$72.4M$39.1M-$7.0M—-$67.8M
Increase (Decrease) In Other Assets—-$8.7M———-$5.4M
Increase (Decrease) in Other Current Assets$32.3M$7.1M———$3.6M
Other liabilities-$2.2M-$600.0K-$2.7M$2.3M$0.0$700.0K
Section 31 fees payable—-$27.2M———$0.0
Increase (Decrease) In Restricted Cash (Clearing Fund)—-$659.1M———-$1.9B
Unrecognized tax benefits—$19.2M———$6.2M
Add - Incremental shares under stock-based compensation plans (in shares)—$400.0K———$300.0K
Changes in foreign currency exchange rates—————-$5.6M
Debt—$12.8M———$13.3M
Interest expense, net of amounts capitalized—$12.2M———$12.7M
Interest income$7.2M$8.4M$11.3M$14.3M$15.4M$17.7M
Interest Paid, Excluding Capitalized Interest, Operating Activity$18.1M$26.7M$19.9M$30.3M$14.8M$28.6M
Travel and promotional expenses$16.4M$6.4M$8.2M$12.0M$15.5M$8.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$70.7M-$114.5M-$103.8M-$75.8M-$77.5M-$140.2M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$126.8M-$19.7M-$116.9M$167.5M$419.3M-$17.7M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation—$912.9M$333.7M$153.9M$352.1M$2.0B
Net Income (Loss) Allocated to Participating Securities, Basic—$1.2M———$1.6M
Net Income (Loss) Available to Common Stockholders, Basic$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Net Income (Loss) Available to Common Stockholders, Diluted$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Noncash Reduction in Lease Liability due to Remeasurement—$0.0———$1.0M
Number of clearing houses operated—————2.00
Number of European markets in which equity derivatives are cleared—————10.00
Number of European markets in which equity is cleared—————19.00
Number of reportable segments—————$5.0
Number of types of regulatory fees recognized—————2.00
Operating Lease, Cost—$9.9M———$8.9M
Operating Lease Payments—$7.3M———$8.1M
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent—$23.6M———-$19.0M
Other comprehensive income/(loss)—$23.6M———-$19.0M
Other$5.3M$5.6M$6.6M$3.8M$8.4M$5.8M
Other Noncash Income (Expense)—$4.8M-$400.0K-$1.6M-$5.0M$100.0K
Other income, net (Note 6)-$12.9M$4.0M-$1.8M$6.1M$1.3M$6.2M
Payment to resolve uncertain tax positions—————$299.0M
Payments for Repurchase of Common Stock$500.0K$30.0M$36.7M$0.0$0.0$40.9M
Payments of Ordinary Dividends, Common Stock$66.4M$66.4M$66.4M$75.7M$75.8M$75.8M
Payment, Tax Withholding, Share-Based Payment Arrangement$1.4M$22.9M$700.0K$4.5M$1.7M$28.5M
Payments to Acquire Debt Securities, Available-for-Sale$69.3M$77.7M$97.1M$0.0$0.0$0.0
Payments to Acquire Property, Plant, and Equipment$23.8M$14.7M$20.3M$16.0M$20.0M$19.2M
Payments to Purchase Investments—$2.5M———$0.0
Proceeds from investments—$4.6M———$1.5M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$0.0$70.3M$0.0$177.8M$0.0$0.0
(Purchases) refunds of spectrum licenses and other intangible assets, including deposits—$300.0K$500.0K$800.0K$0.0$0.0
Shares issued under employee stock purchase plan—$4.8M———$5.0M
Revenue Recognized From Current Period Increase In Contract Liability—————$6.4M
Right Of Use Asset Obtained In Exchange For Operating Lease Liability—$6.5M———$1.3M
Segment Reporting, Other Segment Item, Amount—$181.0M———$193.8M
Stock-based compensation$9.7M$12.4M$13.3M$13.0M$11.7M$12.9M
Stock issued for employee stock purchase plan—$5.2M———$5.0M
Tangible Asset Impairment Charges————$1.8M—
Average price paid (in dollars per share)—$207.04———$280.20
Average price paid per share (in dollars per share)—$210.07———$283.56
Number of shares purchased (in shares)—144.8K———161.2K
Stock repurchased from employee stock plans (in shares)—108.9K———100.4K
Treasury stock, value, acquired—$30.0M———$45.1M
Treasury Stock Value Acquired From Employee Stock Plans Cost Method—$22.9M———$28.5M
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted—$1.2M$1.2M$1.5M—$1.6M
Unsettled purchases of common stock—$0.0$0.0——$4.2M
Weighted average shares outstanding (in shares)—104.7M———104.7M
Cash Dividends, Common Stock$66.4M$66.4M$66.4M$75.7M$75.8M$75.8M
Other Comprehensive Income (Loss)—$274.2M———$366.7M
Common Stock Dividends Per Share Declared—$0.6———$0.7
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$23.6M———-$19.0M
Common Stock Dividends Per Share Declared—$0.6———$0.7
OCI Net of Tax, Parent—$23.6M———-$19.0M
OCI Attributable to Parent—$23.6M———-$19.0M
Stock Repurchased During Period, Value—$30.0M———$40.9M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common Stock Dividends Per Share (Declared)—$0.6———$0.7
Undistributed Earnings Allocated to Participating Securities (Basic)$900.0K$1.2M$1.2M$1.5M$1.3M$1.6M
Undistributed Earnings Allocated to Participating Securities (Diluted)—$1.2M$1.2M$1.5M—$1.6M
Common Stock Dividends Per Share Declared—$0.6———$0.7
Basic earnings per share$1.86$2.38$2.23$2.86$2.99$3.67
Diluted earnings per share$1.85$2.37$2.23$2.85$2.97$3.66
Common Stock Dividends Per Share Declared—$0.6———$0.7
Dividends Per Share Declared—$0.6———$0.7
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common stock dividends per share declared—$0.6———$0.7
Dividends Per Share Declared—$0.6———$0.7
Dividends per share declared—$0.6———$0.7
Antidilutive Securities Excluded from EPS—0———0
Common Stock Dividends Per Share Declared—$0.6———$0.7
Dividends per share declared—$0.6———$0.7
Dividends per share declared—$0.6———$0.7
Dividends per Share Declared—$0.6———$0.7
Dividends per share declared—$0.63———$0.72
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common stock dividends per share declared—$0.6———$0.7
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common Stock Dividends Per Share Declared—$0.6———$0.7
Common stock dividends per share declared—$0.6———$0.7
Weighted-average shares, basic—104.7M104.7M104.6M—104.7M
Weighted-average shares, diluted—105.1M105M104.9M—105M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisition and integration costs$100.0K$200.0K$0.0$200.0K—$0.0
Stock-Based Compensation Expense$9.7M$12.4M$13.3M$13.0M$11.7M$12.9M
Amortization of Finite-Lived Intangible Assets—$18.4M———$16.7M
Impairment of Intangible Assets—$4.7M$4.7M$4.7M$4.7M$300.0K
Share-Based Compensation Expense$9.7M$12.4M$13.3M$13.0M$11.7M$12.9M
Information processing and communications$28.5M$25.6M$26.7M$26.6M$28.7M$27.6M
Goodwill Foreign Currency Translation Gain (Loss)—————-$8.1M
Amortization expense—$18.4M———$16.7M
Operating Lease Cost—$9.9M———$8.9M
Compensation and benefits$111.9M$116.2M$127.9M$129.2M$127.5M$127.9M
Depreciation and amortization$32.1M$30.3M$29.9M$30.9M$31.3M$29.5M
Other Costs and Expenses$5.3M$5.6M$6.6M$3.8M$8.4M$5.8M
Amortization of Capitalized Software and Acquired Intangibles—$18.4M———$16.7M
Operating Lease Cost—$9.9M———$8.9M
Impairment charges———$4.5M——
Technology and communications expense$28.5M$25.6M$26.7M$26.6M$28.7M$27.6M
Other operating charges$5.3M$5.6M$6.6M$3.8M$8.4M$5.8M
Other Segment Items-$12.9M$4.0M-$1.8M$6.1M$1.3M$6.2M
Information processing and communications$28.5M$25.6M$26.7M$26.6M$28.7M$27.6M
Operating Lease Cost—$9.9M———$8.9M
Stock-based compensation expense$9.7M$12.4M$13.3M$13.0M$11.7M$12.9M
Occupancy and equipment$6.1M$6.2M$7.0M$6.4M$6.6M$6.2M
Other operating expenses$226.0M$211.3M$248.2M$235.2M$267.3M$223.3M
Impairment of Intangible Assets (Excl. Goodwill)—$4.7M$4.7M$4.7M$4.7M$300.0K
Professional fees$25.6M$20.8M$24.8M$21.6M$24.3M$18.3M
Provision for credit losses—————$0.0
Share-Based Compensation$9.7M$12.4M$13.3M$13.0M$11.7M$12.9M
Total operating expenses$226.0M$211.3M$248.2M$235.2M$267.3M$223.3M
Operating Lease Cost—$9.9M———$8.9M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.3———$0.3
Effective Tax Rate—$0.3———$0.3
Cash Paid for Income Taxes—$8.0M$140.6M$92.3M—$320.7M
Effective Tax Rate, Continuing Operations—$0.3———$0.3
Effective Income Tax Rate, Continuing Operations—$0.3———$0.3
Effective Tax Rate—$0.3———$0.3
Effective Tax Rate (Continuing Operations)—$0.3———$0.3
Income Taxes Paid, Net—$8.0M$140.6M$92.3M—$320.7M
Income tax expense$83.2M$99.6M$99.5M$129.3M$138.2M$129.8M
Effective Tax Rate (Continuing Operations)—$0.3———$0.3
Deferred Income Tax Expense (Benefit)—-$6.2M———$48.9M
Effective Tax Rate (Continuing Operations)—$0.3———$0.3
Income Taxes Paid, Net—$8.0M$140.6M$92.3M—$320.7M
Effective Income Tax Rate—$0.3———$0.3
Effective Tax Rate, Continuing Operations—$0.3———$0.3
Income and Other Taxes—$8.0M$140.6M$92.3M—$320.7M
Effective Tax Rate Continuing Operations—$0.3———$0.3

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Common Dividends Declared (Per Share)—$0.6———$0.7
Net Income Allocated to Common (Diluted)$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Common Stock Dividends$66.4M$66.4M$66.4M$75.7M$75.8M$75.8M
Cash Dividends, Common Stock—$66.4M———$75.8M
Net earnings to common$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Net Income Available to Common Stockholders (Diluted)$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Net Income Available to Common Shareholders$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
OCI Attributable to Parent—$23.6M———-$19.0M
Net income$196.5M$250.6M$235.1M$300.8M$313.5M$385.7M
Net income attributable to common stock$195.6M$249.4M$233.9M$299.3M$312.2M$384.1M
Common Stock Dividends$66.4M$66.4M$66.4M$75.7M$75.8M$75.8M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$524.5M$565.2M$587.3M$605.5M$671.1M$728.9M
Operating income$298.5M$353.9M$339.1M$370.3M$403.8M$505.6M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$279.7M$350.2M$334.6M$430.1M$451.7M$515.5M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$583.1M$629.8M$586.2M$536.2M$532.9M$543.9M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.1B$1.2B$1.2B$1.1B$1.2B$1.3B