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CBOE · Cboe Global Markets, Inc.

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Market Cap
$31.16B
Shares
104.43M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$4.71B +15.1%
FY2025 Revenue FY2009–FY2025
Net Income
$1.1B +43.8%
FY2025 Net Income FY2009–FY2025
Gross Margin
51.53% +0.9pp
FY2025 Gross Margin FY2015–FY2025
Operating Margin
31.12% +4.3pp
FY2025 Operating Margin FY2009–FY2025
Diluted EPS
$10.42 +44.5%
FY2025 Diluted EPS FY2009–FY2025
Operating Cash Flow
$1.75B +59.2%
FY2025 Operating Cash Flow FY2009–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009
$5.06B $4.71B $4.09B $3.77B $3.96B $3.49B $3.43B $2.5B $2.77B $2.23B $703.1M $663.8M $617.23M $572.05M $512.34M $508.14M $437.1M $426.08M
$2.32B $2.29B $2.02B $1.86B $2.22B $2.02B $2.17B $1.36B $1.55B $1.23B $136.7M $102.1M
$2.74B $2.43B $2.07B $1.92B $1.74B $1.48B $1.25B $1.14B $1.22B $995.6M $566.4M $561.7M
51.53% 50.61% 50.83% 44% 42.24% 36.6% 45.55% 43.95% 44.66% 80.56% 84.62%
$65.9M $70.2M $88.7M $116.6M $124.3M $126.6M $124.8M $138.6M $160M $142.9M $1.7M $200K
$119.8M $122.4M $133M $158M $166.8M $167.4M $158.5M $176.6M $204M $192.2M $44.4M $46.3M $39.91M $34.49M $31.49M $34.09M $29.89M $27.51M
$10.7M $15.3M $24.3M
$981.4M $962M $974M $860.1M $1.25B $670.2M $592.1M $599.7M $617.5M $623.7M $268.2M $241.8M $303.42M $286.24M $268.24M $266.51M $269.76M $248.5M
$1.76B $1.47B $1.1B $1.06B $489.6M $805.9M $662.2M $537.2M $599.4M $371.9M $298.2M $319.9M $313.8M $285.81M $244.1M $241.63M $167.34M $177.59M
31.12% 26.83% 28.03% 12.37% 23.06% 19.32% 21.52% 21.65% 16.68% 42.41% 48.19% 50.84% 49.96% 47.64% 47.55% 38.28% 41.68%
$1.88B $1.59B $1.23B $1.22B $656.4M $973.3M $820.7M $713.8M $803.4M $564.1M $342.6M $366.2M $353.71M $320.3M $275.58M $275.73M $197.23M $205.1M
$53.1M $52.3M $51.5M $62.4M $60M $43K $0 $0
$49.4M $27.3M $12M $3.6M $600K $1.1M $1.9M $2.3M $1.3M
$14.5M $9.6M -$19.4M $600K -$7.5M -$3.4M $35.8M $100K $10M $3.8M $14.1M $4.1M -$4.1M -$2.16M -$1.55M -$1.55M -$2.72M -$355K
$90.8M $84.2M $26.5M $36.9M $4.2M -$400K $1.1M $2.2M $1.1M $1.4M $1.2M $800K -$4.22M -$2.22M -$1.7M -$811K -$2.3M -$1.09M
$0 $0 $7.5M
$1.89B $1.57B $1.08B $1.05B $432.9M $756.1M $660.4M $501.4M $571.2M $334.4M $306.6M $324M $309.7M $283.66M $242.55M $240.08M
$538.9M $466.6M $318.9M $286.2M $197.9M $227.1M $192.2M $130.6M $146M -$66.2M $120.9M $119M $119.98M $107.66M $85.16M $100.68M $65.23M $70.78M
$1.35B $1.1B $764.9M $761.4M $235M $529M $468.2M $374.9M $426.5M $401.7M $186.8M $205M $189.71M $176M $157.4M $139.41M $99.4M $106.45M
23.33% 18.68% 20.18% 5.94% 15.14% 13.66% 15.02% 15.4% 18.02% 26.57% 30.88% 30.74% 30.77% 30.72% 27.43% 22.74% 24.98%
-$4.1M -$1.3M -$1.1M -$1.1M $0 $0
$1.35B $1.09B $761M $757.5M $234.1M $527.3M $467M $372.7M $422.1M $396.7M $184.9M $204.1M $188.39M $173.86M $155.25M $136.58M $98.17M $106.45M
$1.18B $725.9M $783M $186.88M $204.89M $190.08M $173.71M $155.26M $136.66M $98M $106.47M
USD/shares $12.88 $10.46 $7.24 $7.16 $2.20 $4.93 $4.28 $3.35 $3.78 $3.70 $2.27 $2.46 $2.21 $1.99 $1.78 $1.52 $1.03 $1.17
USD/shares $12.83 $10.42 $7.21 $7.13 $2.19 $4.92 $4.27 $3.34 $3.76 $3.69 $2.27 $2.46 $2.21 $1.99 $1.78 $1.52 $1.03 $1.17
shares 104.7M 105.1M 105.8M 106.3M 107M 109.1M 111.4M 111.8M 107.2M 81.4M 83.1M 85.41M 87.33M 87.46M 89.99M 95.75M 90.73M
shares 105.1M 105.5M 106.2M 106.7M 107.2M 109.3M 111.8M 112.2M 107.5M 81.4M 83.1M 85.41M 87.33M 87.46M 89.99M 95.75M 90.73M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $1.69B in buybacks, $1.99B in dividends.

Debt Profile

Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.

Coverage backlog: 48 eligible filings and 0 covenant artifacts have no current-version terminal extraction result. This includes untouched sources and sources on the retry ladder.
No terminal debt extraction result is available yet; this is not evidence that the company has no debt.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
5.97×
Peer median 7.12×
EV/EBIT
17.21×
Peer median 24.79×
P/E (TTM)
23.26×
Peer median 23.56×

Peer medians compare against the 10 similar-size Financial Data & Stock Exchanges companies (of 14 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Options $2,433,600,000 $2,002,600,000 $1,939,500,000 $1,823,200,000
North American Equities $1,672,300,000 $1,546,800,000 $1,353,000,000 $1,681,700,000
Europe and Asia Pacific $378,600,000 $324,200,000 $281,200,000 $264,600,000 $240,300,000 $140,500,000 $110,800,000
Futures $135,900,000 $141,100,000 $129,000,000 $119,800,000
Global FX $93,800,000 $79,900,000 $74,900,000 $68,900,000
Digital $0 -$100,000 -$4,100,000 $300,000
European Equities Segment $131,600,000
Futures Segment $120,600,000 $109,200,000 $135,900,000 $149,800,000
Global FX Segment $58,100,000 $57,800,000 $53,000,000 $56,400,000
North American Equities Segment $1,570,500,000 $1,789,500,000 $1,213,100,000 $1,373,100,000
Options Segment $1,505,000,000 $1,330,100,000 $983,100,000 $1,057,500,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Transaction and Clearing Fees $3,597,600,000 $2,904,600,000 $2,831,300,000 $2,938,800,000
Access and Capacity Fees $408,700,000 $369,800,000 $347,500,000 $324,200,000 $280,700,000 $236,700,000 $221,900,000 $211,000,000
Market Data Fees $326,600,000 $294,800,000 $293,700,000 $282,200,000 $252,100,000 $232,000,000 $213,500,000 $204,000,000
Regulatory Fees $285,400,000 $426,300,000 $223,700,000 $364,700,000 $208,300,000 $500,200,000 $311,700,000 $333,900,000
Other Revenue $95,900,000 $99,000,000 $77,300,000 $48,600,000
Cash and Spot Markets $1,445,100,000 $1,777,600,000 $1,660,500,000 $1,820,100,000
Clearing Fees Revenue $2,831,300,000 $2,938,800,000 $2,693,100,000 $2,418,000,000 $1,716,200,000 $1,986,900,000
Data and Access Solutions $539,200,000 $497,000,000 $427,700,000 $360,500,000
Data Vantage $539,200,000 $497,000,000
Derivatives Markets $1,789,200,000 $1,683,900,000 $1,406,600,000 $1,246,500,000
Licensing Revenue $12,400,000 $13,100,000
Other Revenues $77,300,000 $48,600,000 $60,600,000 $40,200,000 $32,800,000 $33,000,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Options $1,113,300,000 $878,400,000 $851,300,000 $740,500,000
North American Equities $188,100,000 $168,600,000 $118,000,000 $146,600,000
Futures $73,900,000 $98,900,000 $86,100,000 $55,200,000
Europe and Asia Pacific $53,900,000 $41,700,000 $32,700,000 $38,100,000 $56,000,000 $33,500,000 $20,300,000
Global FX $46,000,000 $33,200,000 $24,700,000 $8,800,000
Digital $0 -$112,400,000 -$46,700,000 -$491,400,000
Digital Segment -$46,700,000 -$491,400,000
European Equities Segment $33,500,000 $20,300,000 $24,100,000
Futures Segment $86,100,000 $55,200,000 $66,000,000 $53,800,000 $83,100,000 $85,700,000
Global FX Segment $24,700,000 $8,800,000 $2,700,000 $6,000,000 -$4,900,000 -$11,700,000
North American Equities Segment $118,000,000 $146,600,000 $156,100,000 $159,500,000 $132,500,000 $140,500,000
Options Segment $851,300,000 $740,500,000 $538,000,000 $430,400,000 $334,300,000 $390,900,000
U.S. Equities Segment $132,500,000 $140,500,000

Operating Margin by Segment (%)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018
Options 45.7% 43.9% 43.9% 40.6%
North American Equities 11.2% 10.9% 8.7% 8.7%
Europe and Asia Pacific 14.2% 12.9% 11.6% 14.4% 23.3% 23.8% 18.3%
Futures 54.4% 70.1% 66.7% 46.1%
Global FX 49% 41.6% 33% 12.8%
Digital -163800%
European Equities Segment 18.3%
Futures Segment 54.7% 49.3% 61.1% 57.2%
Global FX Segment 4.6% 10.4% -9.2% -20.7%
North American Equities Segment 9.9% 8.9% 10.9% 10.2%
Options Segment 35.7% 32.4% 34% 37%
Key facts CIK 1374310 CUSIP 12503M108 13F (30d) 597 filings 557 filers Visit website Investor relations