Business Segments · Total cost of revenues
North American Equities — Total cost of revenues
Cboe Global Markets North American Equities — Total cost of revenues increased by 8.0% to $304.5M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 16.7%, from $365.5M to $304.5M. Over 3 years (FY 2022 to FY 2025), North American Equities — Total cost of revenues shows relatively stable performance with a -1.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2022
Last reportedQ1 2026May 1, 2026
Rolls up toTotal Cost of Revenue
How to read this metric
Lower costs relative to revenue indicate higher operational efficiency and better profit margins.
Detailed definition
The direct costs associated with generating revenue in the North American Equities segment, including technology infrast...
Peer comparison
Standard cost-of-goods-sold equivalent for service-based financial exchanges.
Metric ID:
cboe_segment_north_american_equities_total_cost_of_revenuesHistorical 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 | $325.7M | $325.7M | $325.7M | $325.7M | $246.93M | $246.93M | $246.93M | $246.93M | $257M | $255M | $305.6M | $345.4M | $365.5M | $343.4M | $274.3M | $281.9M | $304.5M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -24.2% | +0.0% | +0.0% | +0.0% | +4.1% | -0.8% | +19.8% | +13.0% | +5.8% | -6.0% | -20.1% | +2.8% | +8.0% |
| YoY Change | — | — | — | — | -24.2% | -24.2% | -24.2% | -24.2% | +4.1% | +3.3% | +23.8% | +39.9% | +42.2% | +34.7% | -10.2% | -18.4% | -16.7% |
Range$246.93M – $365.5M
CAGR-1.7%
Avg YoY Growth+0.4%
Median YoY Growth-10.2%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Cboe Global Markets's north american equities — total cost of revenues?
- Cboe Global Markets (CBOE) reported north american equities — total cost of revenues of $304.5M in Q1 2026.
- How has Cboe Global Markets's north american equities — total cost of revenues changed year-over-year?
- Cboe Global Markets's north american equities — total cost of revenues decreased by 16.7% year-over-year, from $365.5M to $304.5M.
- What is the long-term trend for Cboe Global Markets's north american equities — total cost of revenues?
- Over 3 years (2022 to 2025), Cboe Global Markets's north american equities — total cost of revenues has grown at a -1.0% compound annual growth rate (CAGR), from $1.3B to $1.27B.
- What does north american equities — total cost of revenues mean?
- The direct expenses incurred to operate the trading and clearing services for the segment.