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Cboe Global Markets Income Statement

Revenue, expenses, and profitability over time

Cboe Global Markets generated $4.8B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $1.2B with a 25.77% net margin. Gross margin stands at 54.11% and operating margin at 33.78%. Diluted EPS is $11.71, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$4.8BGross Profit (TTM)$2.6BOperating Income (TTM)$1.6BNet Income (TTM)$1.2BEps Diluted (TTM)$11.71
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$31.0B
P/E Ratio25.07
ROE25.14%

Operating Expenses

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Acquisition and integration costs$200K$0$200K—$0—
Compensation and benefits$116.2M$127.9M$129.2M$127.5M$127.9M—
Depreciation and amortization$30.3M$29.9M$30.9M$31.3M$29.5M—
Impairment charges——$1.8M$44.9M——
Occupancy and equipment$6.2M$7M$6.4M$6.6M$6.2M—
Other operating expenses$211.3M$248.2M$235.2M$267.3M$223.3M—
Professional fees$20.8M$24.8M$21.6M$24.3M$18.3M—
Provision for credit losses————$0—
Total operating expenses$211.3M$248.2M$235.2M$267.3M$223.3M—

Earnings Per Share

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Basic earnings per share$2.38$2.23$2.86$2.99$3.67—
Diluted earnings per share$2.37$2.23$2.85$2.97$3.66—
Weighted-average shares, basic104.7M104.7M104.6M104.7M104.7M—
Weighted-average shares, diluted105.1M105M104.9M105.1M105M—

Other Income & Expense

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Income from equity method investments-$2.9M-$3.7M$45.6M$45.2M$0—
Interest expense$12.8M$12.9M$13.3M$13.3M$13.3M—
Interest Income (Expense), Nonoperating-$4.4M———$4.4M—
Other income (expense), net$4M-$1.8M$6.1M$1.3M$6.2M—

Operating Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Gross profit$565.2M$587.3M$605.5M$671.1M$728.9M—
Operating income$353.9M$339.1M$370.3M$403.8M$505.6M—

Income Before Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Income before income taxes$350.2M$334.6M$430.1M$451.7M$515.5M—

Tax

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Income tax expense$99.6M$99.5M$129.3M$138.2M$129.8M—

Net Income

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Net income$250.6M$235.1M$300.8M$313.5M$385.7M—

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Additional operating lease liabilities————$1.3M—
Share-based compensation expense related to employee stock plans$12.4M———$12.9M—
Amortization of debt discount and issuance costs$600K———$600K—
Amortization of capitalized software and acquired intangible assets$18.4M———$16.7M—
Stock options excluded as their inclusion would be anti-dilutive (in shares)0———0—
Non-cash impairment related to capitalized software development costs———$5.6M——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation$904.4M———$1.7B—
Dividends declared (in dollars per share)$0.63———$0.72—
Common stock, votes per share————1.00—
Communications And Information Technology$25.6M$26.7M$26.6M$28.7M$27.6M—
Comprehensive Income Loss Available To Common Stockholders After Tax$273M———$365.1M—
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$274.2M———$366.7M—
Cash Additions————$16.3M—
Deferred taxes-$6.2M-$12.9M-$11.4M—$48.9M—
Depreciation$9.4M———$10.5M—
Dividends, Common Stock, Cash$66.4M———$75.8M—
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash$125.7M$173.7M—$4.9M-$58.1M—
Effective tax rates$0.3———$0.3—
Recoveries————$0—
Gain (Loss) on Sale of Other Investments-$3.3M-$1.1M$52.7M—-$700K—
Foreign Currency Translation and Other Adjustments————-$8.1M—
Income Taxes Paid, Net$8M$140.6M$92.3M—$320.7M—
Accounts payable and other current liabilities-$69.1M——$7.9M-$351.7M—
Increase (Decrease) in Accounts Receivable$40.9M-$69M-$4.1M-$47.2M$129.7M—
Increase Decrease In Accrued Income Taxes Payable$6.3M-$7.3M$12.9M$36.6M$200K—
Increase (decrease) in contract liabilities and current deferred income$6.9M——$200K$9.8M—
Increase (Decrease) in Income Taxes Receivable-$72.4M—-$7M—-$67.8M—
Increase (Decrease) In Other Assets-$8.7M———-$5.4M—
Increase (Decrease) in Other Current Assets$7.1M———$3.6M—
Other liabilities-$600K-$2.7M——$700K—
Section 31 fees payable-$27.2M———$0—
Increase (Decrease) In Restricted Cash (Clearing Fund)-$659.1M———-$1.9B—
Unrecognized tax benefits$19.2M———$6.2M—
Add - Incremental shares under stock-based compensation plans (in shares)$400K———$300K—
Changes in foreign currency exchange rates————-$5.6M—
Debt$12.8M———$13.3M—
Interest expense, net of amounts capitalized$12.2M———$12.7M—
Interest income$8.4M$11.3M$14.3M$15.4M$17.7M—
Interest Paid, Excluding Capitalized Interest, Operating Activity$26.7M$19.9M$30.3M$14.8M$28.6M—
Travel and promotional expenses$6.4M$8.2M$12M$15.5M$8M—
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$114.5M-$103.8M-$75.8M-$77.5M-$140.2M—
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$19.7M-$116.9M$167.5M$419.3M-$17.7M—
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$912.9M$333.7M$153.9M$352.1M$2B—
Net Income (Loss) Allocated to Participating Securities, Basic$1.2M———$1.6M—
Noncash Reduction in Lease Liability due to Remeasurement$0———$1M—
Number of clearing houses operated————2.00—
Number of European markets in which equity derivatives are cleared————10.00—
Number of European markets in which equity is cleared————19.00—
Number of reportable segments————5.00—
Number of types of regulatory fees recognized————2.00—
Operating Lease Payments$7.3M———$8.1M—
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, before Tax, Portion Attributable to Parent$23.6M———-$19M—
Other comprehensive income/(loss)$23.6M———-$19M—
Other Noncash Income (Expense)$4.8M——-$5M$100K—
Other income, net (Note 6)$4M-$1.8M$6.1M$1.3M$6.2M—
Payment to resolve uncertain tax positions————$299M—
Payments for Repurchase of Common Stock$30M$36.7M——$40.9M—
Payments of Ordinary Dividends, Common Stock$66.4M$66.4M$75.7M$75.8M$75.8M—
Payment, Tax Withholding, Share-Based Payment Arrangement$22.9M$700K$4.5M$1.7M$28.5M—
Payments to Acquire Debt Securities, Available-for-Sale$77.7M$97.1M——$0—
Payments to Acquire Property, Plant, and Equipment$14.7M$20.3M$16M$20M$19.2M—
Payments to Purchase Investments$2.5M———$0—
Proceeds from investments$4.6M———$1.5M—
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$70.3M—$177.8M—$0—
(Purchases) refunds of spectrum licenses and other intangible assets, including deposits$300K$500K$800K$0$0—
Shares issued under employee stock purchase plan$4.8M———$5M—
Revenue Recognized From Current Period Increase In Contract Liability————$6.4M—
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$6.5M———$1.3M—
Segment Reporting, Other Segment Item, Amount$181M———$193.8M—
Stock-based compensation$12.4M$13.3M$13M$11.7M$12.9M—
Stock issued for employee stock purchase plan$5.2M———$5M—
Tangible Asset Impairment Charges———$1.8M——
Average price paid (in dollars per share)$207.04———$280.20$81.54
Average price paid per share (in dollars per share)$210.07———$283.56—
Number of shares purchased (in shares)144.8K———161.2K21.2M
Stock repurchased from employee stock plans (in shares)108.9K———100.4K—
Treasury stock, value, acquired$30M———$45.1M—
Treasury Stock Value Acquired From Employee Stock Plans Cost Method$22.9M———$28.5M—
Undistributed Earnings (Loss) Allocated to Participating Securities, Diluted$1.2M$1.2M$1.5M—$1.6M—
Undistributed Earnings Loss Allocated To Participating Securities Basic$1.2M$1.2M$1.5M$1.3M$1.6M—
Unsettled purchases of common stock$0$0——$4.2M—
Weighted average shares outstanding (in shares)104.7M———104.7M—

Cost of Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Total cost of revenue$629.8M$586.2M$536.2M$532.9M$543.9M—

Revenue

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q4 '26
Total revenue$1.2B$1.2B$1.1B$1.2B$1.3B—