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$280.75 -10.24 (-3.52%) At close · Aug 19
Market Cap
$30.39B
Shares
104.43M

Price & Indicators

Indicators
Price
Panels
Event markers
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$280.75 Open$293.25 Day$273.36–295.75 52W close$231.51–366.70 Avg vol 30d1.0M Short int3.2M · 3.1% float · 2.7d Short vol49% Last earningsJul 31, 2026 DataJan 2020–Aug 2026 Filing10-Q · Jul 31

Up next

Next earnings call
Oct 30, 2026 Est · unconfirmed · in 10 wks
FQ3-26 quarter ends
~Sep 30, 2026 Est
Latest filing: 10-Q
filed Jul 31, 2026

AI Brief

TL;DR.

Bullish
    Bearish

      AI-generated from the earnings call and 8-K · may contain errors · not investment advice

      Ask ALVIS about this →

      Equibles Rating

      blended score · not investment advice
      Overall
      Buy
      SellHoldBuy
      Technical Neutral Momentum Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Moderate
      Market backdrop VIX 14.9 · calm Equity put/call 0.64
      Technical
      price trend
      Neutral
      50 / 200-day cross No cross
      Price vs 200-day avg −1%
      below
      Price vs 50-day avg +2%
      above
      RSI (14) 46
      neutral
      MACD trend Negative
      52-week position 36%
      mid-range
      Momentum
      relative strength
      Weak
      1-month return 0%
      trailing
      6-month return −4%
      trailing
      YTD return +12%
      this year
      Relative strength −15%
      vs S&P · 6-mo
      Sentiment
      smart money
      Neutral
      Trend (MA cross) No cross
      50d $276 › 200d $282 — 200d above 50d
      Institutional flow Distributing
      -1% holders QoQ · +125 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      3.09% of float · ▼ -21.2% MoM · 2.7 days cover
      Volume signal Reversal watch
      High volume on a down day — possible exhaustion
      Institution breadth Multi-yr high
      983 holders — near 3-yr high, broad support
      Squeeze score 49
      elevated · 0–100
      Fundamentals
      Excellent
      Revenue growth +217%
      Y/Y
      Gross margin 109%
      contracting
      EPS growth +45%
      Y/Y
      Free cash flow $1.7B
      Valuation P/E 22.7
      below peers
      Buyback $506.4M
      remaining
      Balance sheet $773.6M
      net cash
      Quant / Vol
      risk profile
      Moderate
      Volatility 33%
      annualized · 1-yr
      Max drawdown −37%
      past year
      ATR 3.8%
      of price · 14-day

      Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

      Guidance & track record

      Latest guidance · from the 8-K filed Jul 31, 2026
      Adjusted operating expenses · 2026 Non-GAAP $838M – $853M
      Depreciation and amortization expense (excluding amortization of · 2026 $54M – $58M
      Capital expenditures · 2026 $98M – $108M
      Effective tax rate on adjusted earnings · 2026 Non-GAAP 27.5% – 29.5%
      Prior guidance period ended · from the 8-K filed Oct 31, 2025
      Depreciation and amortization expense · 2025 fiscal year $50M – $54M
      Effective tax rate on adjusted earnings · 2025 fiscal year 28.5% – 30.5%
      Capital expenditures · 2025 fiscal year $73M – $83M
      Depreciation and amortization expense · full year 2025 $50M – $54M

      Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

      Technicals

      trend & momentum for long-term holders Neutral
      1 · 4 · 1
      50 / 200-day cross
      No cross Neutral
      Price vs 200-day avg
      −1% Neutral
      Price vs 50-day avg
      +2% Bullish
      RSI (14)
      46 Neutral
      MACD trend
      Negative Bearish
      52-week position
      36% Neutral
      Market signals — smart money & positioning
      Bullish · 2 of 6
      Trend (MA cross) No cross
      50d $276 › 200d $282 — 200d above 50d
      Institutional flow Distributing
      -1% holders QoQ · +125 funds added
      Insider flow Flat
      No net insider activity over 90 days
      Short interest Falling
      3.09% of float · ▼ -21.2% MoM · 2.7 days cover
      Volume signal Reversal watch
      High volume on a down day — possible exhaustion
      Institution breadth Multi-yr high
      983 holders — near 3-yr high, broad support
      Price context
      position in its 52-week range
      Range low $232 Now $281 · 36% Range high $367
      vs 200-day avg -1% vs 50-day avg +2%

      Illustrative technical + ownership context — a signal mix, not investment advice.

      Key metrics

      the company's own KPIs, from written earnings releases and filings
      Metric Latest Period YoY
      Adjusted Net Income Allocated to Common Stockholders non-GAAP $373.6M 2Q26 —
      GAAP → non-GAAP reconciliation
      GAAP Operating expenses $255.6M
      -$38.9M Operating non-GAAP adjustments noted above
      = Adjusted operating expenses $216.7M
      Cboe Clear Europe net settlement volume 3.96M 2Q26 —
      Cboe FX ADNV 60.6B 2Q26 —
      Effective tax rate on adjusted earnings non-GAAP 28.5% 2Q26 —
      European Equities market share 24.4% 2Q26 —
      Index options RPC 3% 2Q26 —
      Net capture rate per one million dollars traded $2.96 2Q26 —
      Share repurchase authorization remaining $536.8M 2Q26 —
      Share repurchases $32.6M 2Q26 —
      Total Options ADV 26% 2Q26 —
      U.S. Equities market share 9.4% 2Q26 —
      U.S. Equities off-exchange market share 18.8% 2Q26 —
      Adjusted Operating Margin % non-GAAP 72.4% Q1 2026 —
      GAAP → non-GAAP reconciliation
      GAAP Operating income 505.6M
      +29.5M Depreciation and amortization
      = Operating EBITDA 535.1M
      Options total market share 29.1% first quarter 2026 —
      EBITDA non-GAAP $464.1M 4Q25 Adjusted —
      GAAP → non-GAAP reconciliation
      GAAP Net income allocated to common stockholders $312.2M
      -$2.1M Interest expense, net
      +$138.2M Income tax provision
      +$31.3M Depreciation and amortization
      = EBITDA $479.6M
      Multi-listed options market share 22.9% 4Q 2025 —
      Net Income Allocated to Common Stockholders Margin % non-GAAP 47.8% 4Q25 Adjusted —
      Operating Income non-GAAP $450.5M 4Q25 Adjusted —
      Operating Margin % non-GAAP 67.1% 4Q25 Adjusted —
      Total Company Options ADV 19.42M 4Q 2025 —
      Total industry ADV 66.61M 4Q 2025 —
      Total Operating Expenses non-GAAP $220.6M 4Q25 Adjusted —

      Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

      Versus peers

      Financial Data & Stock Exchanges — same industry group
      Open screener →
      Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
      CBOE
      Cboe Global Markets, Inc.
      this stock
      		$30.39B +11.9% +217.0% 22.7 3.1%
      SPGI
      S&P Global Inc.
      		 $124.70B — +7.1% 26.7 2.8%
      CME
      Cme Group Inc.
      		 $97.33B -2.2% +6.4% 23.0 1.7%
      ICE
      Intercontinental Exchange, Inc.
      		 $88.27B -3.6% -2.1% 22.2 1.4%
      MCO
      Moodys Corp /De/
      		 $82.65B -4.9% +16.6% 30.3 1.8%

      Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

      At a glance

      key data from every section
      Ownership
      Institutional Holders Accumulating
      Holders
      983
      % held
      91.2%
      Net QoQ
      +2.2M sh
      Top holder
      BlackRock, Inc.
      Held Float
      View
      Held by Funds
      Fund positions
      817
      View
      Short & Settlement
      Short Interest Falling
      Shares short
      3.2M
      Days to cover
      2.7d
      Change
      -865.9K sh
      View
      Short Volume
      Short vol %
      49%
      As of
      Aug 19, 2026
      Short Total
      View
      Fails to Deliver
      FTD shares
      1.4K
      Value
      $396.0K
      As of
      Jul 27, 2026
      View
      Off-Exchange
      Off-exchange %
      41.4%
      Week of
      Jul 13, 2026
      Off-exch Lit
      View
      Smart Money
      Congressional Trades Sell
      Member
      John Boozman
      Amount
      $1.0K–$15.0K
      Traded
      Jul 31, 2026
      View
      Financials
      Financials
      Revenue (FY)
      $2.2B
      Net income (FY)
      $1.1B
      EPS diluted
      $10.42
      View
      Buybacks
      Authorized
      $2.3B
      Remaining
      $506.4M
      Spent Remaining
      View
      Filings
      SEC Filings
      Latest
      8-K
      Filed
      Jul 31, 2026
      This year
      11
      View
      Proposed Sales
      Value
      $261.4K
      Shares
      937
      Filed
      Aug 12, 2026
      View
      Earnings & Events
      Earnings Calls
      Last call
      Jul 31, 2026
      View
      Investor Relations
      Latest news
      Cboe Global Markets Declares Incr…
      Published
      Aug 13, 2026
      View

      Performance

      5D 20D 120D MTD YTD
      CBOE -3.5% -0.4% -4.0% -9.5% +11.9%
      SPY -0.4% +2.6% +10.7% +2.7% +12.5%
      vs SPY -3.1% -2.9% -14.7% -12.2% -0.7%

      Capital returns

      Latest dividend
      $0.72 / share · ex May 29, 2026
      Declared · upcoming
      $0.86 / share · ex Aug 31, 2026
      Raised 14.3%
      Paid (TTM)
      $1.44 / share · 2 payouts
      Dividend yield (TTM, derived)
      — · history filling in
      Buyback program · as of Jul 29, 2026
      Authorized
      $2.30B
      Spent (derived)
      $1.79B
      Remaining
      $506.40M
      Spent Remaining

      Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

      Key facts CIK 1374310 CUSIP 12503M108 13F (30d) 901 filings 849 filers Visit website Investor relations

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