Cboe Global Markets, Inc.(CBOE)— Stock Profile, AI Score & Financials
Financials · CBOE · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Cboe Global Markets, Inc. (CBOE) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores CBOE at 79.2/100 on a 32-signal composite quality model, placing it at rank #46 of 2,960 stocks — the top 5% of the AI-ranked universe. CBOE scores in the top quartile across balance sheet strength (90.2), free cash flow (89.5), profitability (88.2). Based on the latest XBRL financial filings (Q2 2026), Cboe Global Markets, Inc. reports quarterly revenue of $1.4B, net income of $353.1M, an operating margin of 33.3%. Top institutional holders of CBOE by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. CBOE trades on the CBOE exchange and files with the SEC under CIK 1374310. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate CBOE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Cboe Global Markets, Inc. directly from SEC EDGAR.
AI Quality Score
79.2/100
AI Rank
#46
Revenue
$1.4B
Net Income
$353.1M
Operating Margin
33.3%
CBOE key financials by period
Cboe Global Markets, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$4.7B
$1.1B
31.1%
FY 2024
10-K
$4.1B
$764.9M
26.8%
FY 2023
10-K
$3.8B
$761.4M
28.0%
FY 2022
10-K
$4.0B
—
12.4%
FY 2021
10-K
$3.5B
$529.0M
23.1%
FY 2020
10-K
$3.4B
$468.2M
19.3%
Institutions holding CBOE
Institutional investors reporting a position in Cboe Global Markets, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-07-31 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Total revenue rose 23% to $1,442.8M as index options ADV jumped 32% and the Section 31 fee rate reset higher, lifting operating income 40% to $476.0M.
Biggest Revenue Drivers
Options$743.1M+29% YoY
32% increase in index options ADV and 24% increase in multi-listed options ADV
North American Equities$520.0M+18% YoY
Pricing changes on Cboe U.S. equity exchanges lifted net capture per hundred touched shares 50%
Biggest Revenue Drivers
Total revenue: $1,442.8M+23% YoY
Options$743.1M+29% YoY
32% increase in index options ADV and 24% increase in multi-listed options ADV
North American Equities$520.0M+18% YoY
Pricing changes on Cboe U.S. equity exchanges lifted net capture per hundred touched shares 50%
Europe and Asia Pacific$117.8M+19% YoY
13% increase in Cboe European equities matched ADNV and 21% rise in Cboe Clear Europe net settlement volume
Futures$33.4M+3% YoY
Increase in market data fees; ADV up 1% with RPC down 2%
Global FX$28.5M+17% YoY
8% increase in ADNV and higher net capture per million dollars traded
Largest Expense Items
Total cost of revenues$711.2M+21% YoY
Higher Section 31 regulatory fee rate plus liquidity payments of $453.7M on greater multi-listed options ADV
Compensation and benefits$154.7M+21% YoY
$19.2M increase in severance tied to strategic realignment and $4.0M higher accrued bonuses
Depreciation and amortization$28.1M-6% YoY
Declining amortization on intangibles acquired in the Merger
Technology support services$26.2M-2% YoY
Lower Cboe Clear Europe software and data center costs, offset by AI and cloud services
Margins: Operating margin expanded to 65.1% from 57.7%, as revenues less cost of revenues rose 25% while operating expenses grew only 3%. Adjusted operating EBITDA margin reached 72.2% versus 65.8%.
Watch Items from the Filing
Strategic realignment costs of $23.7M in the quarter, with an estimated $13.0M of remaining compensation and benefits charges expected through end of 2026.
Cboe Australia and Cboe Canada classified held for sale: $261.0M assets, $31.7M liabilities, pending ~$300M sale to TMX expected to begin closing in Q3 2026.
CAT funding model faces renewed 11th Circuit challenge; $30.1M allowance already held against $94.8M of long-term notes receivable tied to CAT.
$649.6M of 3.650% Senior Notes reclassified to current portion, due January 2027; Cboe Clear Europe's €1.20B facility terminates June 25, 2027.
Options market share slipped to 30.0% from 30.2% and multi-listed share to 23.5% from 24.0%, despite 27% growth in market ADV.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
