CBOE · Cboe Global Markets, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | $2.29B | $2.02B | $1.86B | $2.22B | $2.02B | $2.17B |
| Gross Profit | $2.43B | $2.07B | $1.92B | $1.74B | $1.48B | $1.25B |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $962.00M | $974.00M | $860.10M | $1.25B | $670.20M | $592.10M |
| D&A | $122.40M | $133.00M | $158.00M | $166.80M | $167.40M | $158.50M |
| Operating Income | $1.47B | $1.10B | $1.06B | $489.60M | $805.90M | $662.20M |
| Interest Expense | $52.30M | $51.50M | $62.40M | $60.00M | $48.00M | $38.70M |
| Income Tax | $466.60M | $318.90M | $286.20M | $197.90M | $227.10M | $192.20M |
| Net Income | $764.90M | $761.00M | $757.50M | $234.10M | $529.00M | $468.20M |
| EPS - Basic | $10.46 | $7.24 | $7.16 | $2.20 | $4.93 | $4.28 |
| EPS - Diluted | $10.42 | $7.21 | $7.13 | $2.19 | $4.92 | $4.27 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.22B | $920.30M | $543.20M | $432.70M | $341.90M | $245.40M |
| Accounts Receivable | $391.40M | $444.60M | $337.30M | $369.80M | $326.90M | $337.30M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $16.10M | $17.90M | $24.70M | $27.50M | $19.50M | $28.50M |
| Current Assets | $4.42B | $2.48B | $1.98B | $1.56B | $1.53B | $1.57B |
| Total Assets | $9.31B | $7.79B | $7.49B | $7.00B | $6.81B | $6.52B |
| Current Liabilities | $2.36B | $1.40B | $1.38B | $1.48B | $1.17B | $1.31B |
| Long-term Debt | $1.44B | $1.44B | $1.44B | $1.44B | $1.30B | $1.14B |
| Total Liabilities | $4.17B | $3.51B | $3.50B | $3.53B | $3.21B | $3.17B |
| Stockholders' Equity | $5.14B | $4.28B | $3.98B | $3.47B | $3.60B | $3.35B |
| Retained Earnings | $3.54B | $2.82B | $2.53B | $2.17B | $2.15B | $1.81B |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.75B | $1.10B | $1.08B | $651.10M | $596.80M | $1.46B |
| Investing Cash Flow | $450.20M | ($141.80M) | ($55.10M) | ($835.10M) | ($352.70M) | ($430.50M) |
| Financing Cash Flow | ($371.60M) | ($495.00M) | ($656.10M) | $81.70M | ($200.30M) | ($201.70M) |
| CapEx | $71.00M | $60.90M | $45.00M | $59.80M | $51.00M | $47.40M |
| Free Cash Flow | $1.68B | $1.04B | $1.03B | $591.30M | $545.80M | $1.41B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | 2.20 | 1.37 | 1.36 | 2.53 | 1.03 | 3.01 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | 37.9% | 29.5% | 27.4% | 45.8% | 30.0% | 29.1% |
| Return on assets | 8.2% | 9.8% | 10.1% | 3.3% | 7.8% | 7.2% |
| Return on equity | 14.9% | 17.8% | 19.0% | 6.8% | 14.7% | 14.0% |
| Return on invested capital | 13.8% | 13.5% | 14.2% | 5.4% | 11.5% | 10.5% |
| Liquidity | ||||||
| Current ratio | 1.87 | 1.78 | 1.43 | 1.05 | 1.31 | 1.19 |
| Quick ratio | 1.87 | 1.78 | 1.43 | 1.05 | 1.31 | 1.19 |
| Cash ratio | 0.94 | 0.66 | 0.39 | 0.29 | 0.29 | 0.19 |
| Leverage | ||||||
| Debt / Equity | 0.28 | 0.34 | 0.36 | 0.41 | 0.36 | 0.34 |
| Debt / Assets | 0.16 | 0.19 | 0.19 | 0.21 | 0.19 | 0.17 |
| Debt / EBITDA | 0.91 | 1.17 | 1.18 | 2.19 | 1.33 | 1.38 |
| Interest coverage | 28.1x | 21.3x | 17.0x | 8.2x | 16.8x | 17.1x |
| Equity multiplier | 1.81 | 1.82 | 1.88 | 2.02 | 1.89 | 1.95 |
| Liabilities / Assets | 0.45 | 0.45 | 0.47 | 0.50 | 0.47 | 0.49 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 3d | 3d | 5d | 5d | 4d | 5d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 24.1x | 27.1x | 25.0x | 57.3x | 26.5x | 21.8x |
| P / B | 5.1x | 4.8x | 4.8x | 3.9x | 3.9x | 3.0x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | 16.1x | 17.2x | 16.3x | 21.9x | 15.3x | 13.5x |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | 17.2% | 8.1% | 10.1% | 18.0% | 17.7% | 10.3% |
| Operating income growth (YoY) | 33.6% | 3.8% | 116.1% | -39.2% | 21.7% | 23.3% |
| Net income growth (YoY) | 0.5% | 0.5% | 223.6% | -55.7% | 13.0% | 24.9% |
| EPS growth (YoY) | 44.5% | 1.1% | 225.6% | -55.5% | 15.2% | 27.8% |
| EPS CAGR (3y) | 68.2% | 13.6% | 18.6% | -13.1% | 9.4% | 5.0% |
| EPS CAGR (5y) | 19.5% | 16.6% | 13.7% | -9.9% | 16.7% | 11.7% |
| FCF growth (YoY) | 61.7% | 0.9% | 74.3% | 8.3% | -61.3% | 136.1% |
| FCF CAGR (5y) | 3.6% | 11.7% | 15.6% | 26.1% | - | - |
| Book value growth (YoY) | 20.1% | 7.4% | 15.0% | -3.9% | 7.6% | -0.2% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Security & Commodity Brokers, Dealers, Exchanges & Services
Comparing Cboe Global Markets against the 5 most active filers in the same SIC group.
Dividends
$1.44/share trailing 12 months · -42.9% YoY
| Ex-date | Per share |
|---|---|
| May 29, 2026 | $0.7200 |
| Feb 27, 2026 | $0.7200 |
| May 30, 2025 | $0.6300 |
| Feb 28, 2025 | $0.6300 |
| Nov 29, 2024 | $0.6300 |
| Aug 30, 2024 | $0.6300 |
| May 31, 2024 | $0.5500 |
| Feb 28, 2024 | $0.5500 |
| Nov 29, 2023 | $0.5500 |
| Aug 30, 2023 | $0.5500 |
| May 30, 2023 | $0.5000 |
| Feb 27, 2023 | $0.5000 |
| Nov 29, 2022 | $0.5000 |
| Aug 30, 2022 | $0.5000 |
| May 27, 2022 | $0.4800 |
| Feb 25, 2022 | $0.4800 |
| Nov 29, 2021 | $0.4800 |
| Aug 30, 2021 | $0.4800 |
| May 27, 2021 | $0.4200 |
| Feb 25, 2021 | $0.4200 |
| Nov 27, 2020 | $0.4200 |
| Aug 27, 2020 | $0.4200 |
| May 28, 2020 | $0.3600 |
| Feb 28, 2020 | $0.3600 |