What is Cboe Global Markets's futures — revenues less cost of revenues?

Cboe Global Markets (CBOE) reported futures — revenues less cost of revenues of $35.80M in Q1 2026.

How has Cboe Global Markets's futures — revenues less cost of revenues changed year-over-year?

Cboe Global Markets's futures — revenues less cost of revenues increased by 9.1% year-over-year, from $32.80M to $35.80M.

What is the long-term trend for Cboe Global Markets's futures — revenues less cost of revenues?

Over 3 years (2022 to 2025), Cboe Global Markets's futures — revenues less cost of revenues has grown at a 2.8% compound annual growth rate (CAGR), from $116.00M to $126.20M.

What does futures — revenues less cost of revenues mean?

The gross profit generated by the futures segment after accounting for direct transaction costs.

Business Segments · Revenues less cost of revenues

Futures — Revenues less cost of revenues

Cboe Global Markets Futures — Revenues less cost of revenues increased by 6.2% to $35.80M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.1%, from $32.80M to $35.80M. Over 3 years (FY 2022 to FY 2025), Futures — Revenues less cost of revenues shows relatively stable performance with a 2.8% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityModerate

First reportedQ1 2015

Last reportedQ1 2026

Rolls up toGross Profit

How to read this metric

Higher margins indicate strong operating leverage and efficient cost management of trading infrastructure.

Detailed definition

Calculated as total segment revenue minus direct costs of revenue, representing the net contribution margin of the futur...

Peer comparison

Similar to net revenue or contribution margin metrics used by financial services firms.

Metric ID: cboe_segment_futures_revenues_less_cost_of_revenues

Historical Data

17 periods

	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	$29.00M	$29.00M	$29.00M	$29.00M	$31.28M	$31.28M	$31.28M	$31.28M	$30.50M	$34.80M	$38.00M	$30.20M	$32.80M	$30.10M	$29.60M	$33.70M	$35.80M
QoQ Change	—	+0.0%	+0.0%	+0.0%	+7.8%	+0.0%	+0.0%	+0.0%	-2.5%	+14.1%	+9.2%	-20.5%	+8.6%	-8.2%	-1.7%	+13.9%	+6.2%
YoY Change	—	—	—	—	+7.8%	+7.8%	+7.8%	+7.8%	-2.5%	+11.3%	+21.5%	-3.4%	+7.5%	-13.5%	-22.1%	+11.6%	+9.1%

Range$29.00M – $38.00M

CAGR+5.4%

Avg YoY Growth+3.9%

Median YoY Growth+7.8%

Current Streak2 quarters growth

Similar Metrics at Other Companies

Intercontinental ExchangeICE View metric

ROP

Roper Technologies, Inc.ROP View metric

BlackstoneBX View metric

Constellation EnergyCEG View metric

Lam ResearchLRCX View metric

Frequently Asked Questions

What is Cboe Global Markets's futures — revenues less cost of revenues?: Cboe Global Markets (CBOE) reported futures — revenues less cost of revenues of $35.80M in Q1 2026.
How has Cboe Global Markets's futures — revenues less cost of revenues changed year-over-year?: Cboe Global Markets's futures — revenues less cost of revenues increased by 9.1% year-over-year, from $32.80M to $35.80M.
What is the long-term trend for Cboe Global Markets's futures — revenues less cost of revenues?: Over 3 years (2022 to 2025), Cboe Global Markets's futures — revenues less cost of revenues has grown at a 2.8% compound annual growth rate (CAGR), from $116.00M to $126.20M.
What does futures — revenues less cost of revenues mean?: The gross profit generated by the futures segment after accounting for direct transaction costs.