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Cboe Global Markets

CBOE

Cboe Global Markets is a leading operator of global market infrastructure, providing trading, clearing, and investment solutions across multiple asset classes including equities, derivatives, and foreign exchange.

Market cap
$27.73B+14.5%
Revenue$4.8B+10.6%
Net income$1.2B+53.2%
Free cash flow$2.7B-31.8%
EPS (diluted)$11.71+53.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 31, 2026 (In 3 weeks)
Revenue estimate$698.3M
EPS estimate$3.31

Financials

Q1 2026

Income statement

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Revenue$1.3B+6.5%
Gross profit$728.9M+29.0%
Operating income$505.6M+42.9%
Net income$385.7M+53.9%
EPS (diluted)$3.66+54.4%

Balance sheet

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Cash & equivalents$5.6B+110%
Total debt$1.6B-1.2%
Total equity$5.4B+20.7%
Total assets$11.1B+27.7%

Cash flow

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Operating cash flow$2.0B+115%
CapEx$19.2M+30.6%
Free cash flow$1.9B+116%

Valuation & ratios

Valuation

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Market cap$27.73B+14.5%
Enterprise value$23.7B+3.6%
P/E22.5×-4.4×
P/S5.8×+0.4×

Profitability

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Gross margin54.1%+4.8pp
Operating margin33.8%+6.8pp
Net margin25.8%+7.2pp
FCF margin56.8%

Returns & leverage

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Return on equity25.1%+6.1pp
Debt / equity0.3×-0.1×
Current ratio1.4×-0.2×

Segments

By product

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Derivatives markets$609.3M+12.5%
Cash and spot markets$482.2M-3.7%
Data Vantage$181.3M+18.9%

By segment

See full
Europe and Asia Pacific$119.4M+28.2%

Competitors

Profile

Cboe Global Markets is a leading operator of global market infrastructure, providing trading, clearing, and investment solutions across multiple asset classes including equities, derivatives, and foreign exchange. The company operates a network of securities and derivatives exchanges in North America, Europe, and Asia Pacific, offering proprietary products and market data services. Its core value proposition lies in providing liquid, transparent marketplaces and innovative risk management tools for global financial participants.

Competitive position

Cboe is a leading global exchange operator and the largest options exchange in the U.S., holding exclusive rights to key proprietary index products like SPX and VIX.

GeographiesUnited States, Canada, United Kingdom, Netherlands, Australia, Japan
Customer segmentsFinancial Institutions, Institutional Investors, Retail Investors, Corporates
Business modelTransaction-based, Market Data Licensing, Clearing and Settlement, SaaS
SuppliersIndex providers, Technology hardware vendors, Cloud service providers, Telecommunications providers
CustomersInvestment banks, Retail brokerages, Asset management firms, Market makers, Proprietary trading firms
Listed2010
Employees1.6K
CEOCraig Steven Donohue
Websitecboe.com
FilingsSEC EDGAR

Questions, answered.

What is Cboe Global Markets's market cap?
Cboe Global Markets (CBOE) has a market capitalization of $27.7B and trades on BATS.
What is Cboe Global Markets's revenue and profitability?
Cboe Global Markets generated $4.8B in trailing twelve-month revenue with net income of $1.2B, representing a net margin of 25.8%. Gross margin stands at 54.1%, with free cash flow of $2.7B. These figures are based on the Q1 2026 filing.
Who are Cboe Global Markets's competitors?
Cboe Global Markets's key competitors include CME Group, Intercontinental Exchange, Nasdaq, and others. These companies compete in similar markets and product categories.
Who does Cboe Global Markets partner with?
Cboe Global Markets's notable partners include S&P Dow Jones Indices, FTSE Russell, OCC, and others.
What subsidiaries does Cboe Global Markets have?
Cboe Global Markets's subsidiaries include BIDS Holdings, Cboe Clear Europe, Cboe Canada, and others.
Where is Cboe Global Markets headquartered?
Cboe Global Markets is headquartered in United States of America and employs approximately 1,647 people. It has been publicly traded since 2010.