Cboe Global Markets, Inc.
CBOE- Exchange
- CBOE
- Industry
- Security & Commodity Brokers, Dealers, Exchanges & Services
- SEC CIK
- 0001374310
No open-market purchases or sales by Cboe Global Markets, Inc. insiders were filed in the last 90 days; 998 institutions reported holding it in 13F filings for Q2 2026, worth $22.7B in total; Markel Group is the only superinvestor holding it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Oct 31, 2026, 1:12 AM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Feb 7, 2025 | Feb 2, 2024 | Feb 3, 2023 | Feb 4, 2022 |
| Revenue | $4.71B | $4.09B | $3.77B | $3.96B | $3.49B |
| Cost of revenue | $2.29B | $2.02B | $1.86B | $2.22B | $2.02B |
| Gross profit | $2.43B | $2.07B | $1.92B | $1.74B | $1.48B |
| Operating expenses | $962.0M | $974.0M | $860.1M | $1.25B | $670.2M |
| Operating income | $1.47B | $1.10B | $1.06B | $489.6M | $805.9M |
| Interest expense | $52.3M | $51.5M | $62.4M | $60.0M | $48.0M |
| Income tax | $466.6M | $318.9M | $286.2M | $197.9M | $227.1M |
| Net income | $1.10B | $764.9M | $761.4M | $235.0M | $529.0M |
| EPS, basic | $10.46 | $7.24 | $7.16 | $2.20 | $4.93 |
| EPS, diluted | $10.42 | $7.21 | $7.13 | $2.19 | $4.92 |
| Weighted shares, basic | 104.7M | 105.1M | 105.8M | 106.3M | 107.0M |
| Weighted shares, diluted | 105.1M | 105.5M | 106.2M | 106.7M | 107.2M |
| Margins and growth | |||||
| Gross margin | 51.5% | 50.6% | 50.8% | 44.0% | 42.2% |
| Operating margin | 31.1% | 26.8% | 28.0% | 12.4% | 23.1% |
| Net margin | 23.3% | 18.7% | 20.2% | 5.9% | 15.1% |
| Revenue growth, year over year | +15.1% | +8.5% | −4.7% | +13.3% | +2.0% |
| Net income growth, year over year | +43.8% | +0.5% | +224.0% | −55.6% | +13.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Feb 7, 2025 | Feb 2, 2024 | Feb 3, 2023 | Feb 4, 2022 |
| Cash and equivalents | $2.22B | $920.3M | $543.2M | $432.7M | $341.9M |
| Short-term investments | $36.1M | $110.3M | $57.5M | $91.7M | $37.1M |
| Accounts receivable | $391.4M | $444.6M | $337.3M | $369.8M | $326.9M |
| Total current assets | $4.42B | $2.48B | $1.98B | $1.56B | $1.53B |
| Property, plant and equipment | $133.1M | $118.0M | $109.2M | $108.2M | $105.2M |
| Goodwill | $3.15B | $3.12B | $3.14B | $3.12B | $3.03B |
| Intangible assets | $1.30B | $1.38B | $1.56B | $1.66B | $1.67B |
| Total assets | $9.31B | $7.79B | $7.49B | $7.00B | $6.81B |
| Accounts payable | $16.1M | $17.9M | $24.7M | $27.5M | $19.5M |
| Short-term debt | – | – | – | $304.7M | – |
| Total current liabilities | $2.36B | $1.40B | $1.38B | $1.48B | $1.17B |
| Long-term debt | $1.44B | $1.44B | $1.44B | $1.44B | $1.30B |
| Total liabilities | $4.17B | $3.51B | $3.50B | $3.53B | $3.21B |
| Shareholders' equity | $5.14B | $4.28B | $3.98B | $3.47B | $3.60B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 6, 2026 | Feb 7, 2025 | Feb 2, 2024 | Feb 3, 2023 | Feb 4, 2022 |
| Operating cash flow | $1.75B | $1.10B | $1.08B | $651.1M | $596.8M |
| Capital expenditures | $71.0M | $60.9M | $45.0M | $59.8M | $51.0M |
| Free cash flow | $1.68B | $1.04B | $1.03B | $591.3M | $545.8M |
| Depreciation and amortization | $122.4M | $133.0M | $158.0M | $166.8M | $167.4M |
| Stock-based compensation | $50.4M | $41.8M | $41.3M | $30.7M | $26.6M |
| Dividends paid | $284.3M | $249.4M | $223.5M | $209.4M | $193.3M |
| Share buybacks | $66.7M | $204.8M | $83.9M | $100.9M | $81.3M |
| Investing cash flow | $450.2M | -$141.8M | -$55.1M | -$835.1M | -$352.7M |
| Financing cash flow | -$371.6M | -$495.0M | -$656.1M | $81.7M | -$200.3M |
| Net change in cash | $2.10B | $368.7M | $417.2M | -$112.3M | $34.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.1% | 1.0% | 1.1% | 0.8% | 0.8% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 23, 2026 | 104.3M | −0.3% | SEC |
| Jul 24, 2026 | 104.4M | −0.2% | SEC |
| Apr 24, 2026 | 104.7M | −0.1% | SEC |
| Feb 13, 2026 | 104.7M | 0.0% | SEC |
| Oct 24, 2025 | 104.6M | 0.0% | SEC |
| Jul 25, 2025 | 104.6M | 0.0% | SEC |
| Apr 25, 2025 | 104.7M | −0.4% | SEC |
| Feb 14, 2025 | 104.7M | −0.8% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.