| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.09B | $3.77B | $3.96B | $3.49B | $3.43B | $2.50B | $2.77B | $2.23B |
| Cost of Revenue | $2.02B | $1.86B | $2.22B | $2.02B | $2.17B | $1.36B | $1.55B | $1.23B |
| Gross Profit | $2.07B | $1.92B | $1.74B | $1.48B | $1.25B | $1.14B | $1.22B | $995.60M |
| Gross Margin | 50.61% | 50.83% | 44.00% | 42.24% | 36.60% | 45.55% | 43.95% | 44.66% |
| Operating Expenses | $974.00M | $860.10M | $1.25B | $670.20M | $592.10M | $599.70M | $617.50M | $623.70M |
| Operating Income | $1.10B | $1.06B | $489.60M | $805.90M | $662.20M | $537.20M | $599.40M | $371.90M |
| Operating Margin | 26.83% | 28.03% | 12.37% | 23.06% | 19.32% | 21.52% | 21.65% | 16.68% |
| Net Income | $764.90M | $761.40M | $235.00M | $529.00M | $468.20M | $374.90M | $426.50M | $401.70M |
| Net Margin | 18.68% | 20.18% | 5.94% | 15.14% | 13.66% | 15.02% | 15.40% | 18.02% |
| EPS (Basic) | $7.24 | $7.16 | $2.21 | $4.93 | $4.28 | $3.37 | $3.81 | $3.70 |
| EBITDA | $1.27B | $1.27B | $659.70M | $971.50M | $857.60M | $715.80M | $813.20M | $566.20M |
| Stock Option Compensation Expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Price To Earnings Ratio | 26.85 | 24.81 | 56.76 | 26.38 | 21.70 | 35.66 | 25.64 | 33.25 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $20.54B | $18.89B | $13.34B | $13.95B | $10.16B | $13.37B | $10.94B | $13.36B |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $7.79B | $7.49B | $7.00B | $6.81B | $6.52B | $5.11B | $5.32B | $5.27B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.51B | $3.50B | $3.53B | $3.21B | $3.17B | $1.76B | $2.08B | $2.16B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $4.28B | $3.98B | $3.47B | $3.60B | $3.35B | $3.36B | $3.24B | $3.11B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $4.28B | $3.98B | $3.47B | $3.60B | $3.35B | $3.36B | $3.24B | $3.11B |
| Total Liabilities & Stockholders Equity | $7.79B | $7.49B | $7.00B | $6.81B | $6.52B | $5.11B | $5.32B | $5.27B |
| Book Value Per Share | $40.72 | $37.67 | $32.60 | $33.69 | $30.70 | $30.12 | $28.99 | $29.02 |
| Tangible Book Value Per Share | $-2.55 | $-7.19 | $-12.42 | $-10.18 | $-11.69 | $-8.23 | $-10.47 | $-13.99 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 9.82% | 10.17% | 3.36% | 7.76% | 7.18% | 7.33% | 8.02% | 7.63% |
| Return on Equity | 17.87% | 19.11% | 6.78% | 14.67% | 13.98% | 11.17% | 13.16% | 12.91% |
| Return on Invested Capital | 12.09% | 12.55% | 4.56% | 9.99% | 8.91% | 8.22% | 8.88% | 7.54% |
| Quick Ratio | 1.78 | 1.43 | 1.05 | 1.31 | 1.19 | 2.16 | 1.15 | 1.31 |
| Current Ratio | 1.78 | 1.43 | 1.05 | 1.31 | 1.19 | 2.16 | 1.15 | 1.31 |
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $764.90M | $761.40M | $235.00M | $529.00M | $468.20M | $374.90M | $426.50M | $401.70M |
| Depreciation | $133.00M | $158.00M | $166.80M | $167.40M | $158.50M | $176.60M | $204.00M | $192.20M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $1.02B | $793.00M | $868.60M | $596.80M | $1.46B | $632.80M | $534.70M | $374.40M |
| Capital Expenditures | $60.90M | $45.00M | $59.80M | $51.00M | $47.40M | $35.10M | $36.30M | $37.50M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $249.40M | $223.50M | $209.40M | $193.30M | $170.60M | $150.00M | $130.30M | $118.10M |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $225.70M | $114.50M | $110.40M | $87.50M | $363.30M | $167.90M | $161.80M | $26.10M |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $963.70M | $748.00M | $808.80M | $545.80M | $1.41B | $597.70M | $498.40M | $336.90M |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Cboe Global Markets, Inc. functions as a global operator of various financial exchanges, primarily renowned for its options trading platforms, all managed through its numerous subsidiaries. The company organizes its expansive business activities into five distinct segments. The Options segment specializes in the trading of listed market indices. Its North American Equities division facilitates transactions for listed stocks in the United States and Canada, also offering services for exchange-traded products (ETPs), encompassing both trading and listing. The Futures segment is dedicated to futures trading. The Europe and Asia Pacific division delivers a broad range of services, including transactions for pan-European listed equities and derivatives, ETPs, exchange-traded commodities, and international depository receipts, along with ETP listing and clearing provisions. Finally, the Global FX segment serves institutional foreign exchange trading and non-deliverable forward FX transactions. Cboe Global Markets has established important strategic partnerships with key players such as S&P Dow Jones Indices, LLC; FTSE International Limited; Frank Russell Company; MSCI Inc.; and DJI Opco, LLC. The company, which originated in Chicago, Illinois, in 1973, previously operated as CBOE Holdings, Inc. until its rebranding in October 2017.
Why it moved over time
The immediate catalyst is CBOE's upcoming Q2 earnings report, with forecasts for revenue growth driven by stronger options trading, higher data fees and ongoing share repurchases—results that could reset near-term sentiment.
Key fact: Analysts expect Q2 revenue growth supported by stronger options trading, data fees and share repurchases.
zacks.com: Should CBOE Stock Be in Your Portfolio Ahead of Q2 Earnings?Cboe is heading into next week's Q2 earnings report, with analysts expecting revenue growth from stronger options trading, data fees and share repurchases, making the earnings release the likely catalyst.
Key fact: Zacks says CBOE is set to report Q2 earnings with revenues expected to grow due to stronger options trading, data fees and share repurchases (Jul 29).
zacks.com: Should CBOE Stock Be in Your Portfolio Ahead of Q2 Earnings?