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Cboe Global Markets CBOE Q2 2025 earnings

Reported August 1, 2025 · Before market open

Revenue$1.2BBeat by $599.2MDiluted EPS$2.46Beat by $0.04
Revenue estimate$574.3M
EPS estimate$2.42

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$1.2B+20.5%
Gross profit$587.3M+14.3%
Operating income$339.1M+61.4%
Net income$235.1M+67.5%
EPS (diluted)$2.23+67.7%

Balance sheet

See full
Cash & equivalents$3.0B-11.7%
Total debt$1.6B+0.8%
Total equity$4.7B+16.0%
Total assets$9.0B-2.2%

Cash flow

See full
Operating cash flow$333.7M-77.7%
CapEx$20.3M+14.0%
Free cash flow$313.4M-78.8%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$24.01B+33.3%
Enterprise value$22.65B+39.4%
P/E26.7×+3.3×
P/S5.3×+0.6×

Profitability

See full
Gross margin48.7%-3.6pp
Operating margin28.7%+0.9pp
Net margin19.9%-0.3pp

Returns & leverage

See full
Return on equity20.7%+0.7pp
Debt / equity0.3×-0.1×
Current ratio1.6×+0.3×

Segments

By product

See full
Derivatives markets$527.6M+18.4%
Cash and spot markets$487.6M+26.2%
Data Vantage$158.3M+11.4%

By segment

See full
Europe and Asia Pacific$99.0M+21.3%

Versus estimates

Revenue

Q1 2026$728.9MBeat by $39.2MQ4 2025$671.1MBeat by $11.6MQ3 2025$1.1BBeat by $517.4M
Q2 2025$1.2BBeat by $599.2M
Q1 2025$1.2BBeat by $634.3MQ4 2024$1.1BBeat by $576.9M

Diluted EPS

Q1 2026$3.70Beat by $0.36Q4 2025$3.06Beat by $0.12Q3 2025$2.67Beat by $0.14
Q2 2025$2.46Beat by $0.04
Q1 2025$2.50Beat by $0.14Q4 2024$2.10Miss by $0.03

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Questions, answered.

When did Cboe Global Markets report Q2 2025 earnings?
Cboe Global Markets (CBOE) reported Q2 2025 earnings on August 1, 2025 before market open.
What were Cboe Global Markets's Q2 2025 revenue and EPS?
Cboe Global Markets reported revenue of $1.2B and diluted EPS of $2.46 for Q2 2025.
Did Cboe Global Markets beat estimates in Q2 2025?
Revenue beat the consensus estimate of $574.3M by $599.2M. EPS beat the consensus estimate of $2.42 by $0.04.
How did Cboe Global Markets's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 20.5% from $974.0M a year earlier and diluted EPS grew 14.4% from $2.15.
Where can I find Cboe Global Markets's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-037149) directly on SEC EDGAR. The filing index links above go to sec.gov.