What is Cboe Global Markets's options — total cost of revenues?

Cboe Global Markets (CBOE) reported options — total cost of revenues of $200.8M in Q1 2026.

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

Cboe Global Markets's options — total cost of revenues decreased by 13.5% year-over-year, from $232.2M to $200.8M.

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

Over 3 years (2022 to 2025), Cboe Global Markets's options — total cost of revenues has grown at a 2.4% compound annual growth rate (CAGR), from $840M to $902.5M.

What does options — total cost of revenues mean?

The direct costs incurred to generate revenue within the options business segment.

Business Segments · Total cost of revenues

Options — Total cost of revenues

Cboe Global Markets Options — Total cost of revenues decreased by 10.4% to $200.8M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 13.5%, from $232.2M to $200.8M. Over 3 years (FY 2022 to FY 2025), Options — Total cost of revenues shows relatively stable performance with a 2.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryEfficiency

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 scalability of the trading platform.

Detailed definition

Direct costs associated with generating revenue in the options segment, including clearing fees, royalty payments, and t...

Peer comparison

Standard for all exchange operators; peers report similar direct costs related to clearing and market data distribution.

Metric ID: cboe_segment_options_total_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	$210M	$210M	$210M	$210M	$192.58M	$192.58M	$192.58M	$192.58M	$170M	$175.6M	$189.4M	$208.3M	$232.2M	$211M	$235.2M	$224.1M	$200.8M
QoQ Change	—	+0.0%	+0.0%	+0.0%	-8.3%	+0.0%	+0.0%	+0.0%	-11.7%	+3.3%	+7.9%	+10.0%	+11.5%	-9.1%	+11.5%	-4.7%	-10.4%
YoY Change	—	—	—	—	-8.3%	-8.3%	-8.3%	-8.3%	-11.7%	-8.8%	-1.6%	+8.2%	+36.6%	+20.2%	+24.2%	+7.6%	-13.5%

Range$170M – $235.2M

CAGR-1.1%

Avg YoY Growth+2.1%

Median YoY Growth-8.3%

Current Streak2 quarters decline

Similar Metrics at Other Companies

PTCPTC View metric

Broadridge Financial SolutionsBR View metric

RB GlobalRBA View metric

TwilioTWLO View metric

Flutter EntertainmentFLUT View metric

Intercontinental ExchangeICE View metric

Frequently Asked Questions

What is Cboe Global Markets's options — total cost of revenues?: Cboe Global Markets (CBOE) reported options — total cost of revenues of $200.8M in Q1 2026.
How has Cboe Global Markets's options — total cost of revenues changed year-over-year?: Cboe Global Markets's options — total cost of revenues decreased by 13.5% year-over-year, from $232.2M to $200.8M.
What is the long-term trend for Cboe Global Markets's options — total cost of revenues?: Over 3 years (2022 to 2025), Cboe Global Markets's options — total cost of revenues has grown at a 2.4% compound annual growth rate (CAGR), from $840M to $902.5M.
What does options — total cost of revenues mean?: The direct costs incurred to generate revenue within the options business segment.