Cboe Global Markets CBOE Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Total revenues by Business | |||||
| Europe and Asia Pacific | $378.6M+16.8% | $324.2M+15.3% | $281.2M+6.3% | $264.6M+10.1% | |
| Futures | $135.9M-3.7% | $141.1M+9.4% | $129M+7.7% | $119.8M— | |
| Global FX | $93.8M+17.4% | $79.9M+6.7% | $74.9M+8.7% | $68.9M— | |
| North American Equities | $1.67B+8.1% | $1.55B+14.3% | $1.35B-19.5% | $1.68B— | |
| Options | $2.43B+21.5% | $2B+3.3% | $1.94B+6.4% | $1.82B— | |
| Total cost of revenues by Business | |||||
| Europe and Asia Pacific | $105.1M+1.1% | $104M+14.3% | $91M+32.8% | $68.5M— | |
| Futures | $9.7M+27.6% | $7.6M+94.9% | $3.9M+2.6% | $3.8M— | |
| Global FX | $2.7M+17.4% | $2.3M+64.3% | $1.4M+40.0% | $1M— | |
| North American Equities | $1.27B+8.8% | $1.16B+17.7% | $987.7M-24.2% | $1.3B— | |
| Options | $902.5M+21.4% | $743.3M-3.5% | $770.3M-8.3% | $840M— | |
| Net Income by Business | |||||
| Futures | $63.4M— | —— | $52.7M+312% | $12.8M— | |
| Global FX | $46.4M+39.8% | $33.2M+38.3% | $24M+164% | $9.1M— | |
| North American Equities | $163.9M+10.3% | $148.6M+42.1% | $104.6M-17.2% | $126.4M— | |
| Options | $791.5M— | —— | $575.6M+19.9% | $479.9M— | |
| Other income, net by Business | |||||
| Europe and Asia Pacific | $1.7M+1,800% | -$100K+83.3% | -$600K-50.0% | -$400K— | |
| Futures | $0— | $0— | $0— | $0— | |
| Global FX | $200K— | $0+100% | -$200K— | $0— | |
| North American Equities | -$1.2M-271% | $700K— | $0+100% | -$100K— | |
| Options | -$1.4M-275% | $800K+900% | -$100K-200% | $100K— | |
| Revenues less cost of revenues by Business | |||||
| Europe and Asia Pacific | $273.5M+24.2% | $220.2M+15.8% | $190.2M-3.0% | $196.1M— | |
| Futures | $126.2M-5.5% | $133.5M+6.7% | $125.1M+7.8% | $116M— | |
| Global FX | $91.1M+17.4% | $77.6M+5.6% | $73.5M+8.2% | $67.9M— | |
| North American Equities | $407.2M+6.1% | $383.8M+5.1% | $365.3M-3.6% | $378.9M— | |
| Options | $1.53B+21.6% | $1.26B+7.7% | $1.17B+18.9% | $983.2M— | |
| Operating Income (Loss) by Business | |||||
| Europe and Asia Pacific | $53.9M+29.3% | $41.7M+27.5% | $32.7M-14.2% | $38.1M-32.0% | |
| Futures | $73.9M-25.3% | $98.9M+14.9% | $86.1M+56.0% | $55.2M-16.4% | |
| Global FX | $46M+38.6% | $33.2M+34.4% | $24.7M+181% | $8.8M+226% | |
| North American Equities | $188.1M+11.6% | $168.6M+42.9% | $118M-19.5% | $146.6M-6.1% | |
| Options | $1.11B+26.7% | $878.4M+3.2% | $851.3M+15.0% | $740.5M+37.6% | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest by Business | |||||
| Europe and Asia Pacific | $51.3M+35.4% | $37.9M+38.8% | $27.3M-8.1% | $29.7M— | |
| Futures | $76.3M-22.9% | $98.9M+14.9% | $86.1M+56.0% | $55.2M— | |
| Global FX | $46.3M+39.0% | $33.3M+35.9% | $24.5M+166% | $9.2M— | |
| North American Equities | $191.1M+11.3% | $171.7M+43.8% | $119.4M-18.7% | $146.9M— | |
| Options | $1.11B+26.5% | $879.8M+3.3% | $851.3M+14.9% | $740.6M— | |
| Intangibles (Net) by Business | |||||
| Europe and Asia Pacific | $1.3B-4.2% | $1.36B-3.7% | $1.41B-4.6% | $1.48B— | |
| Global FX | $152.4M— | —— | —— | —— | |
| North American Equities | $3.41B— | —— | —— | —— | |
| Options | $489.4M— | —— | —— | —— | |
| Other segment operating expenses by Business | |||||
| Europe and Asia Pacific | $187.2M+25.5% | $149.2M+17.7% | $126.8M+4.8% | $121M— | |
| Futures | $50M+54.8% | $32.3M-12.7% | $37M-36.4% | $58.2M— | |
| Global FX | $33.9M+9.7% | $30.9M+1.6% | $30.4M-18.3% | $37.2M— | |
| North American Equities | $172.1M+9.6% | $157M-11.7% | $177.9M+12.5% | $158.2M— | |
| Options | $388.5M+9.8% | $353.9M+23.0% | $287.8M+33.1% | $216.2M— | |
| Loss on investments, net by Business | |||||
| Europe and Asia Pacific | $0— | $0— | $0— | —— | |
| Futures | $0— | $0— | $0— | —— | |
| Global FX | $0— | $0— | $0— | —— | |
| Options | $0— | $0— | $0— | —— | |
| Income tax provision by Business | |||||
| Europe and Asia Pacific | $18.7M+40.6% | $13.3M+95.6% | $6.8M0.0% | $6.8M— | |
| Futures | $12.9M-54.6% | $28.4M-15.0% | $33.4M-21.2% | $42.4M— | |
| Global FX | -$100K-200% | $100K-80.0% | $500K+400% | $100K— | |
| North American Equities | $27.2M+17.7% | $23.1M+56.1% | $14.8M-27.8% | $20.5M— | |
| Options | $373.7M+24.9% | $299.1M+8.5% | $275.7M+5.8% | $260.7M— | |
| Interest Expense, Nonoperating by Business | |||||
| Europe and Asia Pacific | $8.6M+10.3% | $7.8M0.0% | $7.8M-11.4% | $8.8M— | |
| Futures | $0— | $0— | $0— | $0— | |
| Global FX | $0— | $0— | $0+100% | -$300K— | |
| North American Equities | $0— | $0— | $0— | $0— | |
| Options | $0+100% | -$100K+50.0% | -$200K— | $0— | |
| Interest Income by Business | |||||
| Europe and Asia Pacific | $4.3M+4.9% | $4.1M+36.7% | $3M+275% | $800K— | |
| Futures | $2.4M— | $0— | $0— | $0— | |
| Global FX | $100K0.0% | $100K— | $0-100% | $100K— | |
| North American Equities | $3.3M+37.5% | $2.4M+71.4% | $1.4M+250% | $400K— | |
| Options | $1.1M+120% | $500K+600% | -$100K— | $0— | |
| Indefinite-lived intangible assets, gross by Business | |||||
| Europe and Asia Pacific | $873.4M+4.4% | $836.6M+1.9% | $820.7M+2.9% | $797.8M— | |
| Global FX | $0— | —— | —— | —— | |
| North American Equities | $2.4B— | —— | —— | —— | |
| Options | $382M— | —— | —— | —— | |
| Finite-lived intangible assets, gross by Business | |||||
| Europe and Asia Pacific | $830.5M-3.0% | $856.3M+1.1% | $847M+1.1% | $838M— | |
| Global FX | $560M0.0% | $560M0.0% | $560M0.0% | $560M0.0% | |
| North American Equities | $1.65B-0.1% | $1.65B-0.3% | $1.65B-1.3% | $1.67B+10.6% | |
| Options | $214.4M0.0% | $214.4M0.0% | $214.4M0.0% | $214.4M0.0% | |
| Changes in foreign currency exchange rates by Business | |||||
| Global FX | $0— | —— | $0— | —— | |
| Options | $0— | —— | $0— | —— | |
| D&A by Business | |||||
| Europe and Asia Pacific | $32.4M+10.6% | $29.3M-4.6% | $30.7M-17.0% | $37M— | |
| Futures | $2.3M0.0% | $2.3M+15.0% | $2M-23.1% | $2.6M— | |
| Global FX | $11.2M-17.0% | $13.5M-26.6% | $18.4M-16.0% | $21.9M— | |
| North American Equities | $47M-19.2% | $58.2M-16.1% | $69.4M-6.3% | $74.1M— | |
| Options | $29.3M+8.5% | $27M-10.3% | $30.1M+13.6% | $26.5M— | |
| Amortization expense by Business | |||||
| Europe and Asia Pacific | $14.2M-11.8% | $16.1M-25.1% | $21.5M-16.0% | $25.6M— | |
| Global FX | $9.6M— | —— | —— | —— | |
| North American Equities | $39.9M— | —— | —— | —— | |
| Options | $6.5M— | —— | —— | —— | |
| Impairment of intangible assets by Business | |||||
| Digital | $0— | —— | —— | —— | |
| Finite-Lived Intangible Assets, Accumulated Amortization by Business | |||||
| Europe and Asia Pacific | $812.4M+11.6% | $727.9M+13.5% | $641.6M+20.9% | $530.5M— | |
| Global FX | $760M+5.7% | $718.7M+8.3% | $663.4M+11.8% | $593.6M+15.5% | |
| North American Equities | $2.19B+8.6% | $2.01B+11.9% | $1.8B+15.9% | $1.55B+18.9% | |
| Options | $457.2M+6.1% | $430.8M+9.7% | $392.6M+14.4% | $343.1M+18.6% | |
| Goodwill by Business | |||||
| Europe and Asia Pacific | $2.31B+2.3% | $2.26B+1.2% | $2.23B+1.6% | $2.2B— | |
| Global FX | $1.07B+0.1% | $1.07B0.0% | $1.07B0.0% | $1.07B0.0% | |
| North American Equities | $7.98B-0.1% | $7.99B-0.2% | $8.01B+1.4% | $7.9B+5.2% | |
| Options | $1.22B0.0% | $1.22B0.0% | $1.22B0.0% | $1.22B0.0% | |
| Total revenues by Product | |||||
| Cash and spot markets | $1.83B+9.9% | $1.67B+15.6% | $1.45B-18.7% | $1.78B+7.1% | |
| Data Vantage | $635.5M+10.2% | $576.6M+6.9% | $539.2M+8.5% | $497M+16.2% | |
| Derivatives markets | $2.24B+21.4% | $1.85B+3.3% | $1.79B+6.3% | $1.68B+19.7% | |
| Total cost of revenues by Product | |||||
| Liquidity payments | $1.71B+28.6% | $1.33B-4.1% | $1.39B-17.0% | $1.67B+1.2% | |
| Routing and clearing | $80.4M+17.7% | $68.3M-13.7% | $79.1M-4.9% | $83.2M-5.2% | |
| Royalty fees and other cost of revenues | $256.3M+9.9% | $233.3M+13.9% | $204.9M+53.4% | $133.6M+32.8% | |
| Revenues less cost of revenues by Geography | |||||
| United States | $2.12B+16.8% | $1.81B+7.6% | $1.69B+9.8% | $1.54B+19.3% |
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.
