CBOE · Financial Statements

Cboe Global Markets, Inc. (CBOE) Financial Statements

$340.42 CBOE: CBOE Market Cap $35.55B

Cboe Global Markets, Inc. most recently reported annual revenue of $4.7B, net profit of $1.1B. Revenue grew at an average annual rate of 6.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Cboe Global Markets, Inc.: Revenue rose from $645.0M in 2016 to $4.7B in 2025, a change of +630.9% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 46.2% to 32.1%, a shift of -14.1 percentage points; the most recent year shows net profit of $1.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$645.0M$2.2B$2.8B$2.5B$3.4B$3.5B$4.0B$3.8B$4.1B$4.7B
Operating Expenses$347.0M$1.9B$2.2B$2.0B$2.8B$2.7B$3.5B$2.7B$3.0B$3.2B
Operating Profit$298.0M$372.0M$599.0M$537.0M$662.0M$806.0M$490.0M$1.1B$1.1B$1.5B
Operating Margin46.2%16.7%21.6%21.5%19.3%23.1%12.4%28.0%26.8%32.1%
Other Income$8.0M$-37.0M$-28.0M$-36.0M$-2.0M$-50.0M$-57.0M$-10.0M$-15.0M$53.0M
Interest$6.0M$41.0M$38.0M$38.0M$39.0M$48.0M$60.0M$62.0M$52.0M$52.0M
Depreciation$44.0M$192.0M$204.0M$177.0M$159.0M$167.0M$167.0M$158.0M$133.0M$122.0M
Profit Before Tax$307.0M$334.0M$571.0M$501.0M$660.0M$756.0M$433.0M$1.0B$1.1B$1.6B
Tax$39.4M$-19.8M$25.6M$26.1M$29.1M$30.0M$45.7M$27.3M$29.4M$29.8M
Net Profit$187.0M$402.0M$427.0M$375.0M$468.0M$529.0M$235.0M$761.0M$765.0M$1.1B
EPS$2.27$3.69$3.80$3.35$4.27$4.92$2.20$7.13$7.21$10.42
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$909.0M$969.0M$957.0M$974.0M$1.1B$1.1B$1.2B$1.2B$1.1B$1.2B$1.3B$1.4B
Operating Expenses$638.0M$675.0M$675.0M$764.0M$748.0M$809.0M$841.0M$834.0M$771.0M$775.0M$767.0M$967.0M
Operating Profit$271.0M$294.0M$282.0M$210.0M$307.0M$299.0M$354.0M$339.0M$370.0M$429.0M$506.0M$476.0M
Operating Margin29.8%30.4%29.5%21.6%29.1%26.9%29.6%28.9%32.4%35.6%39.7%33.0%
Interest$15.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M
Profit Before Tax$270.0M$288.0M$292.0M$203.0M$309.0M$280.0M$350.0M$335.0M$430.0M$452.0M$516.0M$495.0M
Tax$22.9M$26.3M$28.3M$30.8M$29.3M$29.8M$28.4M$29.7M$30.1M$30.6M$25.2M$28.6M
Net Profit$208.0M$212.0M$210.0M$140.0M$219.0M$197.0M$251.0M$235.0M$301.0M$314.0M$386.0M$353.0M
EPS$1.95$1.98$1.96$1.33$2.07$1.86$2.37$2.23$2.85$2.97$3.66$3.35

Over the 10 years reported for Cboe Global Markets, Inc., cash stood at $2.2B in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 1.87 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$477.0M$5.3B$5.3B$5.1B$6.5B$6.8B$7.0B$7.5B$7.8B$9.3B
Current Assets$239.0M$437.0M$684.0M$608.0M$1.6B$1.5B$1.6B$2.0B$2.5B$4.4B
Cash$97.0M$144.0M$275.0M$229.0M$245.0M$342.0M$433.0M$543.0M$920.0M$2.2B
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$130.0M$235.0M$358.0M$292.0M$390.0M$370.0M$418.0M$412.0M$518.0M$459.0M
Fixed Assets$61.0M$79.0M$77.0M$100.0M$194.0M$218.0M$222.0M$246.0M$243.0M$244.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$73.0M$130.0M$122.0M$132.0M$135.0M$283.0M$345.0M$403.0M$494.0M$69.0M
Other Assets$26.0M$2.7B$2.7B$2.7B$2.9B$3.0B$3.1B$3.1B$3.1B$3.2B
Total Liabilities$159.0M$2.2B$2.1B$1.8B$3.2B$3.2B$3.5B$3.5B$3.5B$4.2B
Current Liabilities$85.0M$334.0M$596.0M$282.0M$1.3B$1.2B$1.5B$1.4B$1.4B$2.4B
Borrowings$0$1.2B$1.2B$914.0M$1.3B$1.4B$1.9B$1.6B$1.6B$1.7B
Other Liabilities$159.0M$917.0M$865.0M$844.0M$1.8B$1.8B$1.7B$1.9B$1.9B$2.5B
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$318.0M$3.1B$3.2B$3.4B$3.3B$3.6B$3.5B$4.0B$4.3B$5.1B

For Cboe Global Markets, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $1.2B; free cash flow was positive in 10 of 10 years; financing activities used $87.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$221.0M$374.0M$535.0M$633.0M$1.5B$597.0M$869.0M$793.0M$1.0B$1.2B
Investing Cash Flow$-129.0M$-1.5B$-62.0M$-51.0M$-478.0M$-404.0M$-895.0M$-100.0M$-203.0M$379.0M
Financing Cash Flow$-63.0M$-26.0M$-218.0M$-172.0M$-365.0M$-97.0M$-148.0M$-128.0M$-246.0M$-87.0M
Net Cash Flow$-5.0M$46.0M$132.0M$-46.0M$16.0M$97.0M$91.0M$116.0M$372.0M$36.0M
Free Cash Flow$177.0M$337.0M$498.0M$598.0M$1.4B$546.0M$809.0M$748.0M$964.0M$1.2B

Valuation & Return Ratios

MetricValue
PEG Ratio0.42
EV / EBITDA13.52
FCF Yield0.08%
Quick Ratio1.57
Interest Coverage33.53
Return 1Y44.60%
Return 3Y115.86%
Return 5Y156.12%

Cboe Global Markets, Inc. (CBOE) financials — frequently asked questions

What is Cboe Global Markets, Inc.'s annual revenue?

Cboe Global Markets, Inc. (CBOE) reported annual revenue of $4.7B in its most recent fiscal year.

What is Cboe Global Markets, Inc.'s net profit?

Cboe Global Markets, Inc. (CBOE) reported net profit of $1.1B in its most recent fiscal year.

What is CBOE EV/EBITDA?

Cboe Global Markets, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 13.52.

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