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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | $543.90M | - | $536.20M | $586.20M | $629.80M | - | $523.70M | $460.20M | $455.10M | - |
| Gross Profit | $728.90M | - | $605.50M | $587.30M | $565.20M | - | $532.00M | $513.80M | $502.10M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $223.30M | - | $235.20M | $248.20M | $211.30M | - | $224.60M | $303.70M | $219.70M | - |
| D&A | $29.50M | - | $30.90M | $29.90M | $30.30M | - | $31.80M | $31.80M | $37.30M | - |
| Operating Income | $505.60M | - | $370.30M | $339.10M | $353.90M | - | $307.40M | $210.10M | $282.40M | - |
| Interest Expense | $13.30M | - | $13.30M | $12.90M | $12.80M | - | $12.80M | $12.80M | $13.00M | - |
| Income Tax | $129.80M | - | $129.30M | $99.50M | $99.60M | - | $90.50M | $62.60M | $82.60M | - |
| Net Income | $385.70M | - | $218.50M | $140.40M | $209.50M | - | $217.40M | $139.70M | $208.30M | - |
| EPS - Basic | $3.67 | - | $2.86 | $2.23 | $2.38 | - | $2.08 | $1.33 | $1.97 | - |
| EPS - Diluted | $3.66 | - | $2.85 | $2.23 | $2.37 | - | $2.07 | $1.33 | $1.96 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.13B | $2.22B | $1.50B | $1.26B | $1.05B | $920.30M | $763.20M | $614.60M | $536.30M | $543.20M |
| Accounts Receivable | $514.60M | $391.40M | $437.30M | $444.30M | $493.00M | $444.60M | $376.20M | $372.70M | $370.20M | $337.30M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $19.40M | $16.10M | $14.70M | $22.60M | $15.10M | $17.90M | $17.30M | $24.70M | $11.30M | $24.70M |
| Current Assets | $6.22B | $4.42B | $3.74B | $3.74B | $3.36B | $2.48B | $3.32B | $3.90B | $2.68B | $1.98B |
| Total Assets | $11.07B | $9.31B | $9.07B | $9.05B | $8.67B | $7.79B | $8.71B | $9.26B | $8.15B | $7.49B |
| Current Liabilities | $4.49B | $2.36B | $2.18B | $2.39B | $2.10B | $1.40B | $2.39B | $3.16B | $2.01B | $1.38B |
| Long-term Debt | $793.90M | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B | $1.44B |
| Total Liabilities | $5.70B | $4.17B | $4.18B | $4.38B | $4.22B | $3.51B | $4.50B | $5.23B | $4.13B | $3.50B |
| Stockholders' Equity | $5.37B | $5.14B | $4.88B | $4.67B | $4.45B | $4.28B | $4.21B | $4.02B | $4.02B | $3.98B |
| Retained Earnings | $3.85B | $3.54B | $3.39B | $3.17B | $3.00B | $2.82B | $2.91B | $2.76B | $2.68B | $2.53B |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.96B | - | - | - | $912.90M | - | - | - | $895.60M | - |
| Investing Cash Flow | ($17.70M) | - | - | - | ($19.70M) | - | - | - | ($13.30M) | - |
| Financing Cash Flow | ($140.20M) | - | - | - | ($114.50M) | - | - | - | ($168.60M) | - |
| CapEx | $19.20M | - | - | - | $14.70M | - | - | - | $7.30M | - |
| Free Cash Flow | $1.94B | - | - | - | $898.20M | - | - | - | $888.30M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 5.03 | - | - | - | 4.29 | - | - | - | 4.26 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 25.2% | - | 37.2% | 41.5% | 32.2% | - | 29.4% | 30.9% | 28.4% | - |
| Return on assets | 3.5% | - | 2.4% | 1.6% | 2.4% | - | 2.5% | 1.5% | 2.6% | - |
| Return on equity | 7.2% | - | 4.5% | 3.0% | 4.7% | - | 5.2% | 3.5% | 5.2% | - |
| Return on invested capital | 6.1% | - | 3.7% | 3.2% | 4.1% | - | 3.8% | 2.7% | 3.7% | - |
| Liquidity | ||||||||||
| Current ratio | 1.39 | 1.87 | 1.72 | 1.57 | 1.60 | 1.78 | 1.39 | 1.23 | 1.33 | 1.43 |
| Quick ratio | 1.39 | 1.87 | 1.72 | 1.57 | 1.60 | 1.78 | 1.39 | 1.23 | 1.33 | 1.43 |
| Cash ratio | 0.47 | 0.94 | 0.69 | 0.53 | 0.50 | 0.66 | 0.32 | 0.19 | 0.27 | 0.39 |
| Leverage | ||||||||||
| Debt / Equity | 0.15 | 0.28 | 0.30 | 0.31 | 0.32 | 0.34 | 0.34 | 0.36 | 0.36 | 0.36 |
| Debt / Assets | 0.07 | 0.16 | 0.16 | 0.16 | 0.17 | 0.19 | 0.17 | 0.16 | 0.18 | 0.19 |
| Debt / EBITDA | 1.48 | - | 3.60 | 3.91 | 3.75 | - | 4.25 | 5.95 | 4.50 | - |
| Interest coverage | 38.0x | - | 27.8x | 26.3x | 27.6x | - | 24.0x | 16.4x | 21.7x | - |
| Equity multiplier | 2.06 | 1.81 | 1.86 | 1.94 | 1.95 | 1.82 | 2.07 | 2.30 | 2.03 | 1.88 |
| Liabilities / Assets | 0.51 | 0.45 | 0.46 | 0.48 | 0.49 | 0.45 | 0.52 | 0.57 | 0.51 | 0.47 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 13d | - | 10d | 14d | 9d | - | 12d | 20d | 9d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 76.8x | - | 86.1x | 104.6x | 95.5x | - | 99.0x | 127.9x | 93.7x | - |
| P / B | 5.5x | - | 5.3x | 5.2x | 5.3x | - | 5.1x | 4.5x | 4.8x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 52.6x | - | 64.0x | 66.9x | 62.9x | - | 65.5x | 77.5x | 63.8x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | 29.0% | - | 13.8% | 14.3% | 12.6% | - | 10.7% | 10.0% | 6.5% | - |
| Operating income growth (YoY) | 42.9% | - | 20.5% | 61.4% | 25.3% | - | 13.3% | -14.2% | 13.9% | - |
| Net income growth (YoY) | 84.1% | - | 0.5% | 0.5% | 0.6% | - | 5.0% | -16.3% | 20.7% | - |
| EPS growth (YoY) | 54.4% | - | 37.7% | 67.7% | 20.9% | - | 6.2% | -15.3% | 20.2% | - |
| EPS CAGR (3y) | 30.9% | - | 26.4% | - | 32.4% | - | 22.7% | 10.7% | 15.6% | - |
| EPS CAGR (5y) | 23.6% | - | 23.1% | 16.7% | 10.8% | - | 17.1% | 11.3% | 18.2% | - |
| FCF growth (YoY) | 116.1% | - | - | - | 1.1% | - | - | - | -12.8% | - |
| FCF CAGR (5y) | 26.9% | - | - | - | 42.5% | - | - | - | 51.3% | - |
| Book value growth (YoY) | 20.7% | 20.1% | 16.1% | 16.0% | 10.6% | 7.4% | 11.1% | 9.8% | 13.7% | 15.0% |
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 |