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Cboe Global Markets CBOE North American Equities — Total cost of revenues

Other segment segments

Options
$200.8M-13.5%
Europe and Asia Pacific
$34.5M+19.0%
Futures
$3.1M+24.0%
Global FX
$1M+66.7%

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Other financials

Income statement

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Revenue$1.4B+22.9%
Gross profit$728.9M+29.0%
Operating income$505.6M+42.9%
Net income$353.1M+50.2%
EPS (diluted)$3.35+50.2%

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

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Market cap$29.74B+14.6%
Enterprise value$25.71B+12.2%
P/E22×-6.8×
P/S5.9×+0.1×

Profitability

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Gross margin54.1%+4.8pp
Operating margin33.8%+6.8pp
Net margin26.7%+6.9pp
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×

Where this comes from

Reported directly by Cboe Global Markets in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Cboe Global Markets’s 10-Q, filed May 1, 2026.

Filed
Apr 30, 2026, 8:00 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-029112
Line itemThree Months Ended March 31, 2026 / OptionsThree Months Ended March 31, 2026 / North American EquitiesThree Months Ended March 31, 2026 / Europe and Asia PacificThree Months Ended March 31, 2026 / FuturesThree Months Ended March 31, 2026 / Global FXThree Months Ended March 31, 2026 / Corporate Items and EliminationsTotal
Revenues$668.4$415.7$119.4$38.9$30.4$1,272.8
Cost of revenues200.8304.534.53.11.0543.9
Revenues less cost of revenues467.6111.284.935.829.4728.9
Depreciation and amortization8.211.46.70.62.629.5
Other segment operating expenses (a)99.833.338.511.19.02.1193.8
Operating income (loss)$359.6$66.5$39.7$24.1$17.8$(2.1)$505.6
Non-operating income (expenses):
Interest expense (b)$(2.4)$(10.9)$(13.3)

Item 1. Financial Statements (unaudited)

FAQ

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 costs associated with generating revenue in the North American Equities segment, including technology infrastructure, clearing fees, and regulatory costs. This metric is critical for calculating the segment's gross margin and operational efficiency.

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