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Cboe Global Markets CBOE Operating margin

Operating margin at other companies

Nasdaq, Inc. logo
Nasdaq, Inc.NDAQ
29.4%+4.6pp
CME Group logo
CME GroupCME
65.6%+0.6pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
41.1%+4.4pp
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
42.5%+3.4pp
S&P Global logo
S&P GlobalSPGI
43.9%+4.0pp

Other financials

Income statement

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Revenue$1.3B+6.5%
Gross profit$728.9M+29.0%
Operating income$505.6M+42.9%
Net income$385.7M+53.9%
EPS (diluted)$3.66+54.4%

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$26.65B+24.2%
Enterprise value$22.63B+12.2%
P/E21.6×-5.1×
P/S5.6×+0.6×

Profitability

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Gross margin54.1%+4.8pp
Net margin25.8%+7.2pp

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

Calculated from Cboe Global Markets’s reported figures.

Based on trailing twelve months.

The official record: Cboe Global Markets’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Cboe Global Markets's operating margin?
Cboe Global Markets (CBOE) reported operating margin of 33.8% in Q1 2026.
How has Cboe Global Markets's operating margin changed year-over-year?
Cboe Global Markets's operating margin increased by 25.1% year-over-year, from 27% to 33.8%.
What is the long-term trend for Cboe Global Markets's operating margin?
Over 4 years (2021 to 2025), Cboe Global Markets's operating margin has grown at a 9.3% compound annual growth rate (CAGR), from 81.4% to 116.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.