Cboe Global Markets CBOE Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues by Business | ||||||
| Europe and Asia Pacific | $404.9M+6.9% | $378.6M+3.5% | $365.7M+3.3% | $354M+5.2% | $336.6M+3.8% | |
| Futures | $139.5M+2.6% | $135.9M+1.6% | $133.7M-5.6% | $141.6M-2.3% | $145M+2.8% | |
| Global FX | $102.3M+9.1% | $93.8M+5.0% | $89.3M+2.8% | $86.9M+4.7% | $83M+3.9% | |
| North American Equities | $1.63B-2.7% | $1.67B-2.8% | $1.72B-1.5% | $1.75B+5.3% | $1.66B+7.1% | |
| Options | $2.52B+3.4% | $2.43B+5.4% | $2.31B+4.8% | $2.2B+4.4% | $2.11B+5.4% | |
| Total cost of revenues by Business | ||||||
| Europe and Asia Pacific | $110.6M+5.2% | $105.1M-0.8% | $105.9M-1.7% | $107.7M+1.2% | $106.4M+2.3% | |
| Futures | $10.3M+6.2% | $9.7M-11.8% | $11M+4.8% | $10.5M+14.1% | $9.2M+21.1% | |
| Global FX | $3.1M+14.8% | $2.7M+8.0% | $2.5M-3.8% | $2.6M+4.0% | $2.5M+8.7% | |
| North American Equities | $1.2B-4.8% | $1.27B-4.8% | $1.33B-2.3% | $1.36B+7.0% | $1.27B+9.3% | |
| Options | $871.1M-3.5% | $902.5M+1.8% | $886.7M+5.4% | $840.9M+4.4% | $805.5M+8.4% | |
| Net Income by Business | ||||||
| Futures | $66.8M+5.4% | $63.4M— | —— | —— | —— | |
| Global FX | $53.6M+15.5% | $46.4M+7.9% | $43M+5.7% | $40.7M+9.1% | $37.3M+12.3% | |
| North American Equities | $185.9M+13.4% | $163.9M-1.9% | $167M+6.3% | $157.1M+1.4% | $155M+4.3% | |
| Options | $893.3M+12.9% | $791.5M— | —— | —— | —— | |
| Other income, net by Business | ||||||
| Europe and Asia Pacific | $1.5M-11.8% | $1.7M+54.5% | $1.1M— | $0+100% | -$100K0.0% | |
| Futures | $0— | $0— | $0— | $0— | $0— | |
| Global FX | $0-100% | $200K-33.3% | $300K0.0% | $300K0.0% | $300K— | |
| North American Equities | -$500K+58.3% | -$1.2M-200% | -$400K+33.3% | -$600K-700% | $100K-85.7% | |
| Options | -$1.2M+14.3% | -$1.4M-40.0% | -$1M+28.6% | -$1.4M-240% | $1M+25.0% | |
| Revenues less cost of revenues by Business | ||||||
| Europe and Asia Pacific | $294.3M+7.6% | $273.5M+5.3% | $259.8M+5.5% | $246.3M+7.0% | $230.2M+4.5% | |
| Futures | $129.2M+2.4% | $126.2M+2.9% | $122.7M-6.4% | $131.1M-3.5% | $135.8M+1.7% | |
| Global FX | $99.2M+8.9% | $91.1M+5.0% | $86.8M+3.0% | $84.3M+4.7% | $80.5M+3.7% | |
| North American Equities | $423.8M+4.1% | $407.2M+4.0% | $391.4M+1.4% | $385.9M0.0% | $385.8M+0.5% | |
| Options | $1.65B+7.5% | $1.53B+7.6% | $1.42B+4.4% | $1.36B+4.5% | $1.3B+3.6% | |
| Operating Income (Loss) by Business | ||||||
| Europe and Asia Pacific | $71.6M+32.8% | $53.9M-0.6% | $54.2M+10.4% | $49.1M-8.2% | $53.5M+28.3% | |
| Futures | $77.4M+4.7% | $73.9M-2.2% | $75.6M-14.3% | $88.2M-9.4% | $97.4M-1.5% | |
| Global FX | $53.5M+16.3% | $46M+8.2% | $42.5M+5.7% | $40.2M+8.9% | $36.9M+11.1% | |
| North American Equities | $210.2M+11.7% | $188.1M+0.9% | $186.4M+5.3% | $177M+1.1% | $175M+3.8% | |
| Options | $1.22B+9.1% | $1.11B+9.5% | $1.02B+5.5% | $963.8M+4.8% | $919.5M+4.7% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | ||||||
| Europe and Asia Pacific | $68.2M+32.9% | $51.3M-0.4% | $51.5M+12.4% | $45.8M-8.8% | $50.2M+32.5% | |
| Futures | $79.7M+4.5% | $76.3M-1.4% | $77.4M-13.4% | $89.4M-8.8% | $98M-0.9% | |
| Global FX | $53.6M+15.8% | $46.3M+7.7% | $43M+5.7% | $40.7M+9.1% | $37.3M+12.0% | |
| North American Equities | $213.4M+11.7% | $191.1M+0.4% | $190.4M+5.7% | $180.2M+1.1% | $178.2M+3.8% | |
| Options | $1.21B+9.1% | $1.11B+9.4% | $1.02B+5.6% | $963.3M+4.6% | $921.2M+4.7% | |
| Intangibles (Net) by Business | ||||||
| Europe and Asia Pacific | $1.28B-1.7% | $1.3B-0.7% | $1.31B-2.4% | $1.34B-0.5% | $1.35B-0.6% | |
| Global FX | $143.2M-6.0% | $152.4M-5.9% | $162M-5.9% | $172.2M— | —— | |
| North American Equities | $3.35B-1.6% | $3.41B-1.6% | $3.46B-1.3% | $3.51B— | —— | |
| Options | $483.1M-1.3% | $489.4M-1.3% | $495.9M-1.3% | $502.4M— | —— | |
| Other segment operating expenses by Business | ||||||
| Europe and Asia Pacific | $191.5M+2.3% | $187.2M+7.7% | $173.8M+4.4% | $166.4M+12.9% | $147.4M-1.2% | |
| Futures | $49.5M-1.0% | $50M+11.4% | $44.9M+10.3% | $40.7M+12.7% | $36.1M+11.8% | |
| Global FX | $34.8M+2.7% | $33.9M+3.4% | $32.8M+1.5% | $32.3M+3.2% | $31.3M+1.3% | |
| North American Equities | $167.2M-2.8% | $172.1M+10.5% | $155.8M-1.0% | $157.3M+0.6% | $156.4M-0.4% | |
| Options | $400.7M+3.1% | $388.5M+3.1% | $376.9M+1.5% | $371.2M+3.7% | $358M+1.2% | |
| 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— | |
| Options | $0— | $0— | $0— | $0— | $0— | |
| Income tax provision by Business | ||||||
| Europe and Asia Pacific | $18.7M0.0% | $18.7M+11.3% | $16.8M+5.7% | $15.9M+22.3% | $13M-2.3% | |
| Futures | $12.9M0.0% | $12.9M-54.6% | $28.4M0.0% | $28.4M0.0% | $28.4M0.0% | |
| Global FX | $0+100% | -$100K— | $0— | $0— | $0-100% | |
| North American Equities | $27.5M+1.1% | $27.2M+16.2% | $23.4M+1.3% | $23.1M-0.4% | $23.2M+0.4% | |
| Options | $373.6M0.0% | $373.7M+24.9% | $299.2M0.0% | $299.2M0.0% | $299.2M0.0% | |
| Interest Expense, Nonoperating by Business | ||||||
| Europe and Asia Pacific | $9.2M+7.0% | $8.6M+6.2% | $8.1M+6.6% | $7.6M+1.3% | $7.5M-3.8% | |
| 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+100% | |
| Interest Income by Business | ||||||
| Europe and Asia Pacific | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M0.0% | $4.3M+4.9% | |
| Futures | $2.3M-4.2% | $2.4M+33.3% | $1.8M+50.0% | $1.2M+100% | $600K— | |
| Global FX | $100K0.0% | $100K-50.0% | $200K0.0% | $200K+100% | $100K0.0% | |
| North American Equities | $3.4M+3.0% | $3.3M-2.9% | $3.4M+6.3% | $3.2M+14.3% | $2.8M+16.7% | |
| Options | $900K-18.2% | $1.1M+10.0% | $1M+11.1% | $900K+28.6% | $700K+40.0% | |
| Indefinite-lived intangible assets, gross by Business | ||||||
| Europe and Asia Pacific | $877.3M+0.4% | $873.4M+1.7% | $859.2M0.0% | $859M+2.1% | $841.3M+0.6% | |
| Global FX | $0— | $0— | $0— | $0— | —— | |
| North American Equities | $2.38B-0.7% | $2.4B-0.7% | $2.42B0.0% | $2.42B— | —— | |
| Options | $382M0.0% | $382M0.0% | $382M0.0% | $382M— | —— | |
| Finite-lived intangible assets, gross by Business | ||||||
| Europe and Asia Pacific | $817.8M-1.5% | $830.5M-0.5% | $835M-2.4% | $855.6M-0.5% | $859.9M+0.4% | |
| Global FX | $560M0.0% | $560M0.0% | $560M0.0% | $560M0.0% | $560M0.0% | |
| North American Equities | $1.65B+0.1% | $1.65B+0.1% | $1.64B-0.1% | $1.64B0.0% | $1.64B-0.2% | |
| Options | $214.4M0.0% | $214.4M0.0% | $214.4M0.0% | $214.4M0.0% | $214.4M0.0% | |
| Changes in foreign currency exchange rates by Business | ||||||
| Global FX | $0— | $0— | $0— | —— | —— | |
| Options | $0— | $0— | $0— | —— | —— | |
| D&A by Business | ||||||
| Europe and Asia Pacific | $31.2M-3.7% | $32.4M+1.9% | $31.8M+3.2% | $30.8M+5.1% | $29.3M0.0% | |
| Futures | $2.3M0.0% | $2.3M+4.5% | $2.2M0.0% | $2.2M-4.3% | $2.3M0.0% | |
| Global FX | $10.9M-2.7% | $11.2M-2.6% | $11.5M-2.5% | $11.8M-4.1% | $12.3M-8.9% | |
| North American Equities | $46.4M-1.3% | $47M-4.5% | $49.2M-4.7% | $51.6M-5.1% | $54.4M-6.5% | |
| Options | $30.6M+4.4% | $29.3M+3.2% | $28.4M+3.6% | $27.4M+2.2% | $26.8M-0.7% | |
| Amortization expense by Business | ||||||
| Europe and Asia Pacific | $14M-1.4% | $14.2M-2.7% | $14.6M-2.7% | $15M-1.3% | $15.2M-5.6% | |
| Global FX | $9.2M-4.2% | $9.6M-5.9% | $10.2M— | —— | —— | |
| North American Equities | $39M-2.3% | $39.9M-5.0% | $42M— | —— | —— | |
| Options | $6.3M-3.1% | $6.5M0.0% | $6.5M— | —— | —— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Business | ||||||
| Europe and Asia Pacific | $828.3M+2.0% | $812.4M+3.2% | $787.5M+1.7% | $774.4M+3.7% | $747.1M+2.6% | |
| Global FX | $769.2M+1.2% | $760M+1.3% | $750.4M+1.4% | $740.2M+1.4% | $729.7M+1.5% | |
| North American Equities | $2.22B+1.8% | $2.19B+1.9% | $2.14B+2.0% | $2.1B+2.2% | $2.06B+2.3% | |
| Options | $463.3M+1.3% | $457.2M+1.4% | $450.9M+1.5% | $444.4M+1.5% | $437.7M+1.6% | |
| Goodwill by Business | ||||||
| Europe and Asia Pacific | $2.31B+0.3% | $2.31B+0.8% | $2.29B+0.1% | $2.29B+1.0% | $2.26B+0.3% | |
| Global FX | $1.07B0.0% | $1.07B0.0% | $1.07B0.0% | $1.07B0.0% | $1.07B0.0% | |
| North American Equities | $7.99B+0.1% | $7.98B+0.1% | $7.98B-0.1% | $7.98B0.0% | $7.98B-0.1% | |
| Options | $1.22B0.0% | $1.22B0.0% | $1.22B0.0% | $1.22B0.0% | $1.22B0.0% | |
| Total revenues by Product | ||||||
| Cash and spot markets | $1.82B-1.0% | $1.83B-2.0% | $1.87B-1.0% | $1.89B+5.7% | $1.79B+7.2% | |
| Data Vantage | $664.3M+4.5% | $635.5M+2.2% | $621.6M+2.7% | $605.1M+2.8% | $588.9M+2.1% | |
| Derivatives markets | $2.31B+3.0% | $2.24B+5.6% | $2.12B+4.4% | $2.04B+4.2% | $1.95B+5.7% | |
| Total cost of revenues by Product | ||||||
| Liquidity payments | $1.76B+3.0% | $1.71B+4.8% | $1.63B+9.1% | $1.5B+8.0% | $1.39B+4.2% | |
| Routing and clearing | $80.8M+0.5% | $80.4M+2.3% | $78.6M+3.4% | $76M+5.7% | $71.9M+5.3% | |
| Royalty fees and other cost of revenues | $271.8M+6.0% | $256.3M+4.9% | $244.4M+1.5% | $240.7M+1.4% | $237.4M+1.8% | |
| Revenues less cost of revenues by Geography | ||||||
| United States | $2.26B+6.7% | $2.12B+6.6% | $1.99B+3.1% | $1.93B+3.1% | $1.87B+3.1% |
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.
