Cboe Global Markets CBOE Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Europe and Asia Pacific | $119.4M+27.4% | $93.7M+1.0% | $92.8M-6.3% | $99M+6.3% | $93.1M+15.2% | |
| Futures | $38.9M+7.8% | $36.1M+12.8% | $32M-1.5% | $32.5M-7.9% | $35.3M+4.1% | |
| Global FX | $30.4M+24.6% | $24.4M+5.6% | $23.1M-5.3% | $24.4M+11.4% | $21.9M+10.1% | |
| North American Equities | $415.7M+5.9% | $392.6M+3.9% | $377.8M-14.5% | $441.8M-4.0% | $460.1M+4.5% | |
| Options | $668.4M+1.7% | $657.2M+6.7% | $616M+7.0% | $575.8M-1.5% | $584.6M+9.8% | |
| Total cost of revenues by Business | ||||||
| Europe and Asia Pacific | $34.5M+45.0% | $23.8M+0.4% | $23.7M-17.1% | $28.6M-1.4% | $29M+17.9% | |
| Futures | $3.1M+29.2% | $2.4M0.0% | $2.4M0.0% | $2.4M-4.0% | $2.5M-32.4% | |
| Global FX | $1M+42.9% | $700K+16.7% | $600K-25.0% | $800K+33.3% | $600K+20.0% | |
| North American Equities | $304.5M+8.0% | $281.9M+2.8% | $274.3M-20.1% | $343.4M-6.0% | $365.5M+5.8% | |
| Options | $200.8M-10.4% | $224.1M-4.7% | $235.2M+11.5% | $211M-9.1% | $232.2M+11.5% | |
| Net Income by Business | ||||||
| Europe and Asia Pacific | $38M— | —— | $16.2M+500% | $2.7M-87.2% | $21.1M— | |
| Futures | $24.6M+246% | $7.1M-59.2% | $17.4M-1.7% | $17.7M-16.5% | $21.2M— | |
| Global FX | $17.8M+52.1% | $11.7M+1.7% | $11.5M-8.7% | $12.6M+18.9% | $10.6M+27.7% | |
| North American Equities | $65.9M+249% | $18.9M-65.0% | $54M+14.6% | $47.1M+7.3% | $43.9M+99.5% | |
| Options | $359.8M— | $0-100% | $274.8M+6.2% | $258.7M+0.3% | $258M— | |
| Other income, net by Business | ||||||
| Europe and Asia Pacific | -$400K-167% | $600K-57.1% | $1.4M+1,500% | -$100K+50.0% | -$200K— | |
| Futures | $0— | $0— | $0— | $0— | $0— | |
| Global FX | $0— | $0— | $0— | $0-100% | $200K+100% | |
| North American Equities | $100K+150% | -$200K-200% | $200K+133% | -$600K0.0% | -$600K-200% | |
| Options | $200K+200% | -$200K-200% | $200K+114% | -$1.4M— | $0-100% | |
| Revenues less cost of revenues by Business | ||||||
| Europe and Asia Pacific | $84.9M+21.5% | $69.9M+1.2% | $69.1M-1.8% | $70.4M+9.8% | $64.1M+14.1% | |
| Futures | $35.8M+6.2% | $33.7M+13.9% | $29.6M-1.7% | $30.1M-8.2% | $32.8M+8.6% | |
| Global FX | $29.4M+24.1% | $23.7M+5.3% | $22.5M-4.7% | $23.6M+10.8% | $21.3M+9.8% | |
| North American Equities | $111.2M+0.5% | $110.7M+7.0% | $103.5M+5.2% | $98.4M+4.0% | $94.6M-0.3% | |
| Options | $467.6M+8.0% | $433.1M+13.7% | $380.8M+4.4% | $364.8M+3.5% | $352.4M+8.7% | |
| Operating Income (Loss) by Business | ||||||
| Europe and Asia Pacific | $39.7M+271% | $10.7M-34.8% | $16.4M+242% | $4.8M-78.2% | $22M+100% | |
| Futures | $24.1M+24.2% | $19.4M+15.5% | $16.8M-1.8% | $17.1M-17.0% | $20.6M-2.4% | |
| Global FX | $17.8M+52.1% | $11.7M+1.7% | $11.5M-8.0% | $12.5M+21.4% | $10.3M+25.6% | |
| North American Equities | $66.5M+55.0% | $42.9M-19.8% | $53.5M+13.1% | $47.3M+6.5% | $44.4M+7.8% | |
| Options | $359.6M+12.0% | $321.1M+17.0% | $274.4M+5.6% | $259.9M+0.8% | $257.9M+14.7% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Europe and Asia Pacific | $38M+280% | $10M-39.4% | $16.5M+346% | $3.7M-82.5% | $21.1M+107% | |
| Futures | $24.6M+23.0% | $20M+14.9% | $17.4M-1.7% | $17.7M-16.5% | $21.2M+0.5% | |
| Global FX | $17.8M+52.1% | $11.7M+1.7% | $11.5M-8.7% | $12.6M+20.0% | $10.5M+25.0% | |
| North American Equities | $67.1M+54.6% | $43.4M-21.1% | $55M+14.8% | $47.9M+6.9% | $44.8M+4.9% | |
| Options | $359.8M+11.9% | $321.4M+17.0% | $274.8M+6.2% | $258.7M+0.2% | $258.1M+14.5% | |
| Intangibles (Net) by Business | ||||||
| Europe and Asia Pacific | $309.8M-2.6% | $318.1M-0.8% | $320.6M-3.1% | $331M-0.4% | $332.3M+1.7% | |
| Global FX | $32.4M-6.4% | $34.6M-6.2% | $36.9M-6.1% | $39.3M-5.5% | $41.6M-5.9% | |
| North American Equities | $814M-1.3% | $824.6M-3.1% | $851.2M-1.3% | $862.7M-0.7% | $869.2M-1.2% | |
| Options | $118.4M-1.3% | $119.9M-1.4% | $121.6M-1.3% | $123.2M-1.2% | $124.7M-1.3% | |
| Other segment operating expenses by Business | ||||||
| Europe and Asia Pacific | $38.5M-24.5% | $51M+14.6% | $44.5M-22.6% | $57.5M+68.1% | $34.2M-9.0% | |
| Futures | $11.1M-19.0% | $13.7M+12.3% | $12.2M-2.4% | $12.5M+7.8% | $11.6M+34.9% | |
| Global FX | $9M-2.2% | $9.2M+12.2% | $8.2M-2.4% | $8.4M+3.7% | $8.1M0.0% | |
| North American Equities | $33.3M-40.5% | $56M+46.2% | $38.3M-3.3% | $39.6M+3.7% | $38.2M-3.8% | |
| Options | $99.8M-4.2% | $104.2M+5.5% | $98.8M+0.9% | $97.9M+11.8% | $87.6M-5.4% | |
| Loss on investments, net by Business | ||||||
| Europe and Asia Pacific | $0— | $0— | $0— | $0— | $0— | |
| Futures | $0— | $0— | $0— | $0— | $0— | |
| Global FX | $0— | $0— | $0— | $0— | $0— | |
| North American Equities | -$300K— | —— | $400K+33.3% | $300K0.0% | $300K— | |
| Options | $0— | $0— | $0— | $0— | $0— | |
| Income tax provision by Business | ||||||
| Europe and Asia Pacific | $0-100% | $17.4M+5,700% | $300K-70.0% | $1M— | $0-100% | |
| Futures | $0-100% | $12.9M— | $0— | $0— | $0-100% | |
| Global FX | $0— | $0— | $0— | $0+100% | -$100K-200% | |
| North American Equities | $1.2M-95.1% | $24.5M+2,350% | $1M+25.0% | $800K-11.1% | $900K-95.7% | |
| Options | $0-100% | $373.6M— | $0— | $0-100% | $100K-100.0% | |
| Interest Expense, Nonoperating by Business | ||||||
| Europe and Asia Pacific | $2.4M0.0% | $2.4M0.0% | $2.4M+20.0% | $2M+11.1% | $1.8M-5.3% | |
| Futures | $0— | $0— | $0— | $0— | $0— | |
| Global FX | $0— | $0— | $0— | $0— | $0— | |
| North American Equities | $0— | $0— | $0— | $0— | $0— | |
| Options | $0— | $0— | $0— | $0— | $0— | |
| Interest Income by Business | ||||||
| Europe and Asia Pacific | $1.1M0.0% | $1.1M0.0% | $1.1M+10.0% | $1M-9.1% | $1.1M0.0% | |
| Futures | $500K-16.7% | $600K0.0% | $600K0.0% | $600K0.0% | $600K— | |
| Global FX | $0— | $0— | $0-100% | $100K— | $0-100% | |
| North American Equities | $800K0.0% | $800K-11.1% | $900K0.0% | $900K+28.6% | $700K-22.2% | |
| Options | $0-100% | $500K+150% | $200K0.0% | $200K0.0% | $200K-50.0% | |
| Indefinite-lived intangible assets, gross by Business | ||||||
| Europe and Asia Pacific | $215M-2.0% | $219.4M+0.4% | $218.6M-2.5% | $224.3M+6.3% | $211.1M+2.9% | |
| Global FX | $0— | $0— | $0— | $0— | $0— | |
| North American Equities | $586.7M0.0% | $586.9M-2.9% | $604.4M-0.1% | $605M+0.3% | $603.4M0.0% | |
| Options | $95.5M0.0% | $95.5M0.0% | $95.5M0.0% | $95.5M0.0% | $95.5M0.0% | |
| Finite-lived intangible assets, gross by Business | ||||||
| Europe and Asia Pacific | $202.2M-1.2% | $204.7M+0.4% | $203.8M-1.6% | $207.1M-3.6% | $214.9M+2.7% | |
| Global FX | $140M0.0% | $140M0.0% | $140M0.0% | $140M0.0% | $140M0.0% | |
| North American Equities | $411.3M-0.2% | $412.1M+0.2% | $411.4M-0.2% | $412.4M+0.6% | $409.8M0.0% | |
| Options | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | $53.6M0.0% | |
| Changes in foreign currency exchange rates by Business | ||||||
| Europe and Asia Pacific | -$5.6M-567% | $1.2M— | —— | $16.1M+112% | $7.6M+145% | |
| Global FX | $0— | $0— | $0— | $0— | $0— | |
| North American Equities | -$800K-173% | $1.1M— | —— | $3.5M+3,400% | $100K+102% | |
| Options | $0— | $0— | $0— | $0— | $0— | |
| D&A by Business | ||||||
| Europe and Asia Pacific | $6.7M-18.3% | $8.2M0.0% | $8.2M+1.2% | $8.1M+2.5% | $7.9M+3.9% | |
| Futures | $600K0.0% | $600K0.0% | $600K+20.0% | $500K-16.7% | $600K+20.0% | |
| Global FX | $2.6M-7.1% | $2.8M0.0% | $2.8M+3.7% | $2.7M-6.9% | $2.9M-6.5% | |
| North American Equities | $11.4M-3.4% | $11.8M+0.9% | $11.7M+1.7% | $11.5M-4.2% | $12M-14.3% | |
| Options | $8.2M+5.1% | $7.8M+2.6% | $7.6M+8.6% | $7M+1.4% | $6.9M0.0% | |
| Amortization expense by Business | ||||||
| Europe and Asia Pacific | $3.5M0.0% | $3.5M+2.9% | $3.4M-5.6% | $3.6M-2.7% | $3.7M-5.1% | |
| Global FX | $2.2M-4.3% | $2.3M-4.2% | $2.4M+4.3% | $2.3M-11.5% | $2.6M-10.3% | |
| North American Equities | $9.5M-4.0% | $9.9M+1.0% | $9.8M0.0% | $9.8M-5.8% | $10.4M-13.3% | |
| Options | $1.5M-11.8% | $1.7M+6.3% | $1.6M+6.7% | $1.5M-11.8% | $1.7M0.0% | |
| Impairment of intangible assets by Business | ||||||
| Europe and Asia Pacific | $0— | —— | $4.6M— | —— | —— | |
| Global FX | $0— | $0— | $0— | —— | —— | |
| North American Equities | $300K-98.3% | $17.7M— | $0— | —— | —— | |
| Options | $0— | $0— | $0— | —— | —— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Business | ||||||
| Europe and Asia Pacific | $208.9M-0.2% | $209.3M+2.2% | $204.8M-0.2% | $205.3M+6.4% | $193M+4.7% | |
| Global FX | $195.7M+1.1% | $193.5M+1.2% | $191.2M+1.3% | $188.8M+1.2% | $186.5M+1.4% | |
| North American Equities | $569.8M+1.6% | $560.8M+1.7% | $551.5M+1.7% | $542.3M+2.2% | $530.8M+2.0% | |
| Options | $118.1M+1.3% | $116.6M+1.3% | $115.1M+1.4% | $113.5M+1.3% | $112M+1.5% | |
| Goodwill by Business | ||||||
| Europe and Asia Pacific | $573.4M-1.0% | $579M+0.2% | $577.8M-1.0% | $583.7M+2.8% | $567.6M+1.4% | |
| Global FX | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | $267.4M0.0% | |
| North American Equities | $2B-0.1% | $2B+0.1% | $2B-0.2% | $2B+0.4% | $1.99B0.0% | |
| Options | $306M0.0% | $306M0.0% | $306M0.0% | $306M0.0% | $306M0.0% | |
| Total revenues by Product | ||||||
| Cash and spot markets | $482.2M+11.8% | $431.3M+3.9% | $415M-14.9% | $487.6M-2.7% | $500.9M+6.9% | |
| Data Vantage | $181.3M+11.5% | $162.6M+0.3% | $162.1M+2.4% | $158.3M+3.8% | $152.5M+2.6% | |
| Derivatives markets | $609.3M-0.1% | $610.1M+8.1% | $564.6M+7.0% | $527.6M-2.6% | $541.6M+10.5% | |
| Total cost of revenues by Product | ||||||
| Liquidity payments | $446.1M+0.6% | $443.6M-2.1% | $453.3M+8.4% | $418M+5.9% | $394.8M+8.0% | |
| Regulatory fees cost of revenues | $0— | —— | —— | —— | $153.1M+56.5% | |
| Routing and clearing | $20M-0.5% | $20.1M+0.5% | $20M-3.4% | $20.7M+5.6% | $19.6M+7.1% | |
| Royalty fees and other cost of revenues | $77.8M+12.9% | $68.9M+9.5% | $62.9M+1.1% | $62.2M-0.2% | $62.3M+9.3% | |
| Revenues less cost of revenues by Geography | ||||||
| Other | $95.1M— | —— | —— | —— | $73.1M— | |
| United States | $633.8M+7.1% | $591.6M+12.1% | $527.6M+3.8% | $508.1M+3.3% | $492.1M+7.0% | |
| Long-Lived Assets by Geography | ||||||
| Other | $27.5M-7.1% | $29.6M— | —— | —— | —— | |
| United Kingdom | $26.2M-12.7% | $30M— | —— | —— | —— | |
| United States | $188.8M+2.3% | $184.5M— | —— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Cboe Global Markets break its business down?
- Cboe Global Markets (CBOE) reports total revenues by business across 5 parts — Europe and Asia Pacific, Futures, Global FX, North American Equities and Options. Each is extracted from the segment footnotes and tracked over time.
- Where does Cboe Global Markets's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Cboe Global Markets's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
