Cboe Global Markets, Inc. (CBOE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CBOE Revenue Growth
Revenue Breakdown (FY 2025)
CBOE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CBOE Revenue Analysis (2014–2025)
As of May 8, 2026, Cboe Global Markets, Inc. (CBOE) generated trailing twelve-month (TTM) revenue of $4.71 billion, reflecting solid growth of +8.7% year-over-year. The most recent quarter (Q4 2025) recorded $1.20 billion in revenue, up 5.5% sequentially.
Looking at the longer-term picture, CBOE's 5-year compound annual growth rate (CAGR) stands at +6.6%, indicating steady revenue expansion. The company achieved its highest annual revenue of $4.71 billion in 2025, representing a new all-time high.
Revenue diversification analysis shows CBOE's business is primarily driven by Transaction And Clearing Fees (76%), Access And Capacity Fees (9%), and Market Data Fees (7%). With over half of revenue concentrated in Transaction And Clearing Fees, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including CME, ICE, and NDAQ. Compare CBOE vs CME →
CBOE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CBOECurrent | $4.7B | +8.7% | +6.6% | 32.1% | |
 CME | $6.5B | - | - | 64.9% | |
 ICE | $12.6B | - | - | 38.7% | |
 NDAQ | $8.2B | - | - | 28.4% | |
 MKTX | $849M | - | - | 41.2% | |
 MSCI | $3.1B | - | - | 54.7% |
CBOE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4.71B | - | $2.31B | 48.9% | $1.51B | 32.1% |
| 2024 | $4.09B | - | $2.07B | 50.6% | $1.10B | 26.8% |
| 2023 | $3.77B | - | $1.92B | 50.8% | $1.06B | 28.0% |
| 2022 | $3.96B | - | $1.74B | 44.0% | $489.6M | 12.4% |
| 2021 | $3.49B | - | $1.48B | 42.2% | $805.9M | 23.1% |
| 2020 | $3.43B | - | $1.25B | 36.6% | $662.2M | 19.3% |
| 2019 | $2.50B | - | $1.14B | 45.5% | $537.2M | 21.5% |
| 2018 | $2.77B | - | $1.22B | 44.0% | $599.4M | 21.6% |
| 2017 | $2.23B | - | $995.6M | 44.7% | $371.9M | 16.7% |
| 2016 | $645.1M | - | $566.4M | 87.8% | $298.2M | 46.2% |
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Start ComparisonCBOE — Frequently Asked Questions
Quick answers to the most common questions about buying CBOE stock.
Is CBOE's revenue growth accelerating or slowing?
CBOE maintains +8.7% revenue growth, in line with its 5-year CAGR of +6.6%. TTM revenue stands at $4.7B. Growth rate remains consistent with historical average.
What is CBOE's long-term revenue growth rate?
Cboe Global Markets, Inc.'s 5-year revenue CAGR of +6.6% reflects the sustained expansion pattern. Current YoY growth of +8.7% is near this long-term average.
How is CBOE's revenue distributed by segment?
CBOE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.