Cboe Global Markets is experiencing accelerating earnings growth, with EPS rising 152% from $1.33 in 2024Q2 to $3.35 in 2026Q2, driven by robust fee income (98.7% of revenue) and a sharp efficiency ratio improvement to 17.7%. However, the surge in provision ex...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to $1.4B in 2026Q2, up from $974M in 2024Q2, with fee income dominating at 98.7% and efficiency ratio compressing to 17.7%, while EPS surged to $3.35.
Cboe’s Q4 2025 net revenue jumped 28% to $671.1 million, while the options business alone generated $433.1 million—an increase of 34% YoY. The lift was driven by a 24% rise in total options average daily volume, with index options ADV up 35% and multi‑listed options ADV up 20%.
Diluted earnings per share surged 60% in Q4 2025 to $2.97, and the full‑year diluted EPS rose 45% to $10.42. These gains reflect the company’s expanding revenue base and efficient cost management.
Cboe’s exclusive trading rights for key index options, including Zero‑Day‑to‑Expiration (0DTE) products, position it as a market leader. The high‑margin options segment is bolstered by index options ADV growth of 35% and multi‑listed options ADV up 20%.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
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Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 31, 2026 | $3.56+2.3% vs $3.48 | $732M+1.8% vs $719M |
Q2 2026 May 1, 2026 | $3.70+10.8% vs $3.34 | $729M+5.7% vs $690M |
Q1 2026 Feb 6, 2026 | $3.06+4.1% vs $2.94 | $671M+1.8% vs $660M |
Q4 2025 Oct 31, 2025 | $2.67+5.5% vs $2.53 | $1.1B+82.9% vs $624M |
Cboe Global Markets, Inc. (CBOE) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
CBOE trades 24.2% below its 52-week high, while robust volumes, recurring revenues and a raised 2026 growth outlook support its growth case.
CHICAGO, Sept. 3, 2026 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), a leading global markets operator and pioneer in equity and index derivatives, today reported August trading volume statistics across its global business lines.
Prediction market Kalshi reportedly wants federal regulators to delay products from rival Cboe Global Markets. That's according to a report Tuesday (Aug. 25) from Bloomberg News, which calls this the latest example of the growing friction between prediction markets and incumbent financial exchanges.
Benchmark CBOE against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Cboe Global Markets, Inc. (CBOE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $266.83 | $27.92B | 25.61 | 15.31% | 23.33% | 23.36% | 1.01% | |
| $267.21 | $96.08B | 23.94 | 7.06% | 63.08% | 15.53% | — | |
| $152.93 | $86.25B | 26.50 | 9.27% | 30% | 13.78% | — | |
| $94.50 | $52.82B | 30.58 | 9.86% | 22.6% | 16.3% | — | |
| $163.43 | $5.75B | 24.54 | 3.85% | 35.23% | 24.48% | — | |
| $548.88 | $39.9B | 35.28 | 9.51% | 40.74% | — | — |
Cboe Global Markets, Inc. (CBOE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Cboe Global Markets, Inc. (CBOE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jul 28, 2026·SEC
Jun 26, 2026·SEC
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Cboe Global Markets, Inc. (CBOE) stock FAQ — growth, dividends, profitability & financials explained
Cboe Global Markets, Inc. (CBOE) grew revenue by 15.3% over the past year. This is strong growth.
Yes, Cboe Global Markets, Inc. (CBOE) is profitable, generating $1.35B in net income for fiscal year 2025 (23.3% net margin).
Yes, Cboe Global Markets, Inc. (CBOE) pays a dividend with a yield of 1.01%. This makes it attractive for income-focused investors.
Cboe Global Markets, Inc. (CBOE) has a return on equity (ROE) of 23.4%. This is excellent, indicating efficient use of shareholder capital.
Cboe Global Markets, Inc. (CBOE) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.
Cboe Global Markets, Inc. (CBOE) has an efficiency ratio of 16.8%. This is excellent, indicating strong cost control.
