Cboe Global Markets (CBOE)

CBOE Financials Financial Exchanges & Data S&P 500

$353.27

+0.20 (+0.06%)

Close of Nov 06, 2026 · end-of-day data

Source: Cboe Global Markets's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 02, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$703.10M	$2.23B	$2.77B	$2.50B	$3.43B	$3.49B	$3.96B	$3.77B	$4.09B	$4.71B
Cost of revenue	$136.70M	$1.23B	$1.55B	$1.36B	$2.17B	$2.02B	$2.22B	$1.86B	$2.02B	$2.29B
Gross profit	$566.40M	$995.60M	$1.22B	$1.14B	$1.25B	$1.48B	$1.74B	$1.92B	$2.07B	$2.43B
Operating income	$298.20M	$371.90M	$599.40M	$537.20M	$662.20M	$805.90M	$489.60M	$1.06B	$1.10B	$1.47B
Interest expense	$5.70M	$42.60M	$40.50M	$37.80M	$38.70M	$48.00M	$60.00M	$62.40M	$51.50M	$52.30M
Pre-tax income	$306.60M	$334.40M	$571.20M	$501.40M	$660.40M	$756.10M	$432.90M	$1.05B	$1.08B	$1.57B
Income tax	$120.90M	-$66.20M	$146.00M	$130.60M	$192.20M	$227.10M	$197.90M	$286.20M	$318.90M	$466.60M
Net income	$186.80M	$401.70M	$426.50M	$374.90M	$468.20M	$529.00M	$234.10M	$761.40M	$764.90M	$1.10B
EBITDA	$342.60M	$564.10M	$803.40M	$713.80M	$820.70M	$973.30M	$656.40M	$1.22B	$1.23B	$1.59B
EPS (basic)	$2.27	$3.70	$3.78	$3.35	$4.28	$4.93	$2.20	$7.16	$7.24	$10.46
EPS (diluted)	$2.27	$3.69	$3.76	$3.34	$4.27	$4.92	$2.19	$7.13	$7.21	$10.42
Diluted shares	81.40M	107.50M	112.20M	111.80M	109.30M	107.20M	106.70M	106.20M	105.50M	105.10M
Gross margin	80.6%	44.7%	44.0%	45.5%	36.6%	42.2%	44.0%	50.8%	50.6%	51.5%
Operating margin	42.4%	16.7%	21.6%	21.5%	19.3%	23.1%	12.4%	28.0%	26.8%	31.1%
Net margin	26.6%	18.0%	15.4%	15.0%	13.7%	15.1%	5.9%	20.2%	18.7%	23.3%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$97.30M	$143.50M	$275.10M	$229.30M	$245.40M	$341.90M	$432.70M	$543.20M	$920.30M	$2.22B
Short-term investments	$0	$47.30M	$35.70M	$71.00M	$92.40M	$37.10M	$91.70M	$57.50M	$110.30M	$36.10M
Receivables	$76.70M	$217.30M	$287.30M	$234.70M	$337.30M	$326.90M	$369.80M	$337.30M	$444.60M	$391.40M
Total current assets	$235.10M	$434.70M	$683.70M	$607.60M	$1.57B	$1.53B	$1.56B	$1.98B	$2.48B	$4.42B
Goodwill	$26.50M	$2.71B	$2.69B	$2.68B	$2.90B	$3.03B	$3.12B	$3.14B	$3.12B	$3.15B
Total assets	$476.70M	$5.27B	$5.32B	$5.11B	$6.52B	$6.81B	$7.00B	$7.49B	$7.79B	$9.31B
Total current liabilities	$89.90M	$334.00M	$595.90M	$281.60M	$1.31B	$1.17B	$1.48B	$1.38B	$1.40B	$2.36B
Short-term debt	—	—	$299.80M	—	$68.70M	—	$304.70M	—	—	$0
Long-term debt	$0	$1.24B	$915.60M	$867.60M	$1.14B	$1.30B	$1.44B	$1.44B	$1.44B	$1.44B
Total debt	$0	$1.24B	$1.22B	$867.60M	$1.20B	$1.30B	$1.74B	$1.44B	$1.44B	$1.44B
Total liabilities	$146.20M	$2.16B	$2.07B	$1.76B	$3.17B	$3.21B	$3.53B	$3.50B	$3.51B	$4.17B
Shareholders' equity	$317.90M	$3.11B	$3.24B	$3.36B	$3.35B	$3.60B	$3.47B	$3.98B	$4.28B	$5.14B

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	$229.60M	$374.40M	$534.70M	$632.80M	$1.46B	$596.80M	$651.10M	$1.08B	$1.10B	$1.75B
Capital expenditures	$44.40M	$37.50M	$36.30M	$35.10M	$47.40M	$51.00M	$59.80M	$45.00M	$60.90M	$71.00M
Free cash flow	$185.20M	$336.90M	$498.40M	$597.70M	$1.41B	$545.80M	$591.30M	$1.03B	$1.04B	$1.68B
Investing cash flow	-$84.40M	-$1.44B	-$25.60M	-$15.90M	-$430.50M	-$352.70M	-$835.10M	-$55.10M	-$141.80M	$450.20M
Financing cash flow	-$150.20M	$1.10B	-$371.60M	-$662.90M	-$201.70M	-$200.30M	$81.70M	-$656.10M	-$495.00M	-$371.60M
Dividends paid	$78.50M	$118.10M	$130.30M	$150.00M	$170.60M	$193.30M	$209.40M	$223.50M	$249.40M	$284.30M
Share buybacks	$60.50M	—	$140.90M	$156.90M	$349.10M	$81.30M	$100.90M	$83.90M	$204.80M	$66.70M
Stock-based compensation	$14.50M	$52.60M	$35.10M	$21.80M	$21.70M	$26.60M	$30.70M	$41.30M	$41.80M	$50.40M
Depreciation & amortization	$44.40M	$192.20M	$204.00M	$176.60M	$158.50M	$167.40M	$166.80M	$158.00M	$133.00M	$122.40M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$968.70M	$957.20M	$974.00M	$1.06B	$1.11B	$1.20B	$1.17B	$1.14B	$1.20B	$1.27B	$1.44B	$1.36B
Cost of revenue	$469.70M	$455.10M	$460.20M	$523.70M	$583.10M	$629.80M	$586.20M	$536.20M	$532.90M	$543.90M	$711.20M	$646.60M
Gross profit	$499.00M	$502.10M	$513.80M	$532.00M	$524.50M	$565.20M	$587.30M	$605.50M	$671.10M	$728.90M	$731.60M	$712.20M
Operating income	$294.00M	$282.40M	$210.10M	$307.40M	$298.50M	$353.90M	$339.10M	$370.30M	$403.80M	$505.60M	$476.00M	$534.30M
Interest expense	$13.20M	$13.00M	$12.80M	$12.80M	$12.90M	$12.80M	$12.90M	$13.30M	$13.30M	$13.30M	$13.20M	$13.10M
Pre-tax income	$287.50M	$292.10M	$203.00M	$309.00M	$279.70M	$350.20M	$334.60M	$430.10M	$451.70M	$515.50M	$494.70M	$554.50M
Income tax	$75.50M	$82.60M	$62.60M	$90.50M	$83.20M	$99.60M	$99.50M	$129.30M	$138.20M	$129.80M	$141.60M	$126.30M
Net income	$210.80M	$209.50M	$140.40M	$218.50M	$196.50M	$250.60M	$235.10M	$300.80M	$313.50M	$385.70M	$353.10M	$428.20M
EBITDA	$332.00M	$319.70M	$241.90M	$339.20M	$330.60M	$384.20M	$369.00M	$401.20M	$435.10M	$535.10M	$504.10M	$562.00M
EPS (basic)	$1.99	$1.97	$1.33	$2.08	$1.86	$2.38	$2.23	$2.86	$2.99	$3.67	$3.36	$4.08
EPS (diluted)	$1.98	$1.96	$1.33	$2.07	$1.85	$2.37	$2.23	$2.85	$2.97	$3.66	$3.35	$4.08
Diluted shares	0	106.10M	105.40M	105.10M	-100.00K	105.10M	105.00M	104.90M	0	105.00M	104.90M	104.70M
Gross margin	51.5%	52.5%	52.8%	50.4%	47.4%	47.3%	50.0%	53.0%	55.7%	57.3%	50.7%	52.4%
Operating margin	30.3%	29.5%	21.6%	29.1%	27.0%	29.6%	28.9%	32.4%	33.5%	39.7%	33.0%	39.3%
Net margin	21.8%	21.9%	14.4%	20.7%	17.7%	21.0%	20.0%	26.3%	26.0%	30.3%	24.5%	31.5%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$543.20M	$536.30M	$614.60M	$763.20M	$920.30M	$1.05B	$1.26B	$1.50B	$2.22B	$2.13B	$2.28B	$2.66B
Short-term investments	$57.50M	$58.80M	$83.70M	—	$110.30M	$105.90M	$207.60M	$34.20M	$36.10M	$35.90M	$114.50M	$41.20M
Receivables	$337.30M	$370.20M	$372.70M	$376.20M	$444.60M	$493.00M	$444.30M	$437.30M	$391.40M	$514.60M	$570.60M	$500.10M
Total current assets	$1.98B	$2.68B	$3.90B	$3.32B	$2.48B	$3.36B	$3.74B	$3.74B	$4.42B	$6.22B	$5.93B	$6.57B
Goodwill	$3.14B	$3.13B	$3.13B	$3.15B	$3.12B	$3.13B	$3.16B	$3.15B	$3.15B	$3.14B	$3.05B	$3.05B
Total assets	$7.49B	$8.15B	$9.26B	$8.71B	$7.79B	$8.67B	$9.05B	$9.07B	$9.31B	$11.07B	$10.61B	$11.23B
Total current liabilities	$1.38B	$2.01B	$3.16B	$2.39B	$1.40B	$2.10B	$2.39B	$2.18B	$2.36B	$4.49B	$3.79B	$4.09B
Short-term debt	—	—	—	—	—	—	—	—	$0	$649.50M	$649.60M	$649.80M
Long-term debt	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$793.90M	$794.20M	$794.50M
Total debt	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B
Total liabilities	$3.50B	$4.13B	$5.23B	$4.50B	$3.51B	$4.22B	$4.38B	$4.18B	$4.17B	$5.70B	$4.98B	$5.30B
Shareholders' equity	$3.98B	$4.02B	$4.02B	$4.21B	$4.28B	$4.45B	$4.67B	$4.88B	$5.14B	$5.37B	$5.63B	$5.93B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	-$189.00M	$895.60M	$1.49B	-$578.50M	-$710.40M	$912.90M	$333.70M	$153.90M	$352.10M	$1.96B	-$503.20M	$817.10M
Capital expenditures	$17.10M	$7.30M	$17.80M	$12.00M	$23.80M	$14.70M	$20.30M	$16.00M	$20.00M	$19.20M	—	$24.10M
Free cash flow	-$206.10M	$888.30M	$1.48B	-$590.50M	-$734.20M	$898.20M	$313.40M	$137.90M	$332.10M	$1.94B	-$503.20M	$793.00M
Investing cash flow	-$38.20M	-$13.30M	-$37.10M	$35.40M	-$126.80M	-$19.70M	-$116.90M	$167.50M	$419.30M	-$17.70M	-$106.90M	$173.20M
Financing cash flow	-$142.50M	-$168.60M	-$177.60M	-$78.10M	-$70.70M	-$114.50M	-$103.80M	-$75.80M	-$77.50M	-$140.20M	-$111.60M	-$142.80M
Dividends paid	$58.50M	$58.50M	$58.20M	$66.30M	$66.40M	$66.40M	$66.40M	$75.70M	$75.80M	$75.80M	$75.70M	$90.20M
Share buybacks	$5.80M	$76.60M	$101.30M	$26.40M	$500.00K	$30.00M	$36.70M	$0	$0	$40.90M	$34.40M	$56.70M
Stock-based compensation	$6.20M	$11.70M	$10.30M	$10.10M	$9.70M	$12.40M	$13.30M	$13.00M	$11.70M	$12.90M	$15.60M	$15.00M
Depreciation & amortization	$38.00M	$37.30M	$31.80M	$31.80M	$32.10M	$30.30M	$29.90M	$30.90M	$31.30M	$29.50M	$28.10M	$27.70M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.