Total Cost of Revenue
Cboe Global Markets Total Cost of Revenue increased by 2.1% to $543.90M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 13.6%, from $629.80M to $543.90M. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 3.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.
Detailed definition
The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...
Peer comparison
In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.
total_cost_of_revenueHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $450.20M | $447.30M | $475.90M | $556.40M | $561.70M | $551.10M | $547.60M | $516.80M | $440.70M | $428.30M | $469.70M | $455.10M | $460.20M | $523.70M | $583.10M | $629.80M | $586.20M | $536.20M | $532.90M | $543.90M |
| QoQ Change | — | -0.6% | +6.4% | +16.9% | +1.0% | -1.9% | -0.6% | -5.6% | -14.7% | -2.8% | +9.7% | -3.1% | +1.1% | +13.8% | +11.3% | +8.0% | -6.9% | -8.5% | -0.6% | +2.1% |
| YoY Change | — | — | — | — | +24.8% | +23.2% | +15.1% | -7.1% | -21.5% | -22.3% | -14.2% | -11.9% | +4.4% | +22.3% | +24.1% | +38.4% | +27.4% | +2.4% | -8.6% | -13.6% |
Product Breakdown
| Segment | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 |
|---|---|---|---|---|---|---|---|
| Liquidity payments | $377.90M | $375.30M | $395.70M | $467.50M | $429.00M | $392.30M | $381.40M |
| Section 31 fees | $28.80M | $27.90M | $31.00M | $35.70M | $79.60M | $105.40M | $109.10M |
| Royalty fees and other cost of revenues | $20.30M | $22.00M | $23.70M | $30.90M | $32.20M | $33.20M | $37.30M |
| Routing and clearing | $19.90M | $19.00M | $21.80M | $22.30M | $20.90M | $20.20M | $19.80M |
| Total | $450.20M | $447.30M | $475.90M | $556.40M | $561.70M | $551.10M | $547.60M |
Liquidity payments, Regulatory fees cost of revenues, Routing and clearing, Royalty fees and other cost of revenues, Section 31 fees were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 |
|---|---|---|---|---|
| Europe and Asia Pacific | $17.13M | $17.13M | $17.13M | $17.13M |
| Total | $556.40M | $561.70M | $551.10M | $547.60M |
Digital, Europe and Asia Pacific, Futures, Global FX, North American Equities, Options were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Cboe Global Markets's total cost of revenue?
- Cboe Global Markets (CBOE) reported total cost of revenue of $543.90M in Q1 2026.
- How has Cboe Global Markets's total cost of revenue changed year-over-year?
- Cboe Global Markets's total cost of revenue decreased by 13.6% year-over-year, from $629.80M to $543.90M.
- What is the long-term trend for Cboe Global Markets's total cost of revenue?
- Over 4 years (2021 to 2025), Cboe Global Markets's total cost of revenue has grown at a 3.1% compound annual growth rate (CAGR), from $2.02B to $2.29B.
- What does total cost of revenue mean?
- The direct cost of making the products or providing the services that a company sells.