CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · CBOE

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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 itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 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

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin------
EBITDA margin------
Net margin------
Free cash flow margin------
FCF / Net income2.201.371.362.531.033.01
R&D / Revenue------
SG&A / Revenue------
Effective tax rate37.9%29.5%27.4%45.8%30.0%29.1%
Return on assets8.2%9.8%10.1%3.3%7.8%7.2%
Return on equity14.9%17.8%19.0%6.8%14.7%14.0%
Return on invested capital13.8%13.5%14.2%5.4%11.5%10.5%
Liquidity
Current ratio1.871.781.431.051.311.19
Quick ratio1.871.781.431.051.311.19
Cash ratio0.940.660.390.290.290.19
Leverage
Debt / Equity0.280.340.360.410.360.34
Debt / Assets0.160.190.190.210.190.17
Debt / EBITDA0.911.171.182.191.331.38
Interest coverage28.1x21.3x17.0x8.2x16.8x17.1x
Equity multiplier1.811.821.882.021.891.95
Liabilities / Assets0.450.450.470.500.470.49
Efficiency
Asset turnover------
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding3d3d5d5d4d5d
Cash conversion cycle------
Valuation
P / E24.1x27.1x25.0x57.3x26.5x21.8x
P / B5.1x4.8x4.8x3.9x3.9x3.0x
P / S------
EV / EBITDA16.1x17.2x16.3x21.9x15.3x13.5x
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

CompanyRevenue (last FY)Net marginROE
ICE$12.64B26.2%11.5%
CME$6.52B62.5%14.2%
LPLA$16.99B5.1%16.1%
TW$2.05B39.6%12.5%
SNEX$132.38B0.2%12.9%

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-datePer 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