What is Cboe Global Markets, Inc.'s earnings per share (EPS)?

Cboe Global Markets, Inc. (CBOE) reported diluted earnings per share of $10.42 for fiscal year 2025. This represents a 44.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Cboe Global Markets, Inc. (CBOE) Financials

CBOE

Trailing 12 months to June 30, 2026

Revenue $5.1B +11.7% YoY

Net Income $1.4B +50.2% YoY

EPS (Diluted) $12.83 +50.6% YoY

Free Cash Flow $1.9B +1757.4% YoY

Market Cap $31.4B as of Oct 14, 2026

Price / Sales 6.2x on $5.1B revenue, trailing 12 months to June 30, 2026

Price / Earnings 23.2x on $1.4B net income, trailing 12 months to June 30, 2026

Price / Book 5.6x on $5.6B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 14, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CBOE SEC filings page.

Cboe Global Markets, Inc. (CBOE) reported $5.1B in revenue over the twelve months to Jun 30, 2026, up 11.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CBOE FY2025 2026-10-03

Cboe’s latest expansion is converting unusually large cash flows, while operating leverage and stable debt make growth less capital-intensive.

Cash conversion was unusually strong in FY2025: free cash flow reached $1.68B versus net income of $1.10B. That gap, alongside modest capital expenditures, indicates earnings translated into cash without requiring heavy reinvestment.

Revenue growth has been accompanied by operating leverage: operating margin moved from 26.8% in FY2024 to 31.1% in FY2025. Gross margin changed little across those years, so the improvement appears to have come mainly below gross profit, with costs growing more slowly than activity.

The balance sheet is becoming less debt-dependent: long-term debt stayed around $1.4B while equity reached $5.14B in FY2025. Debt-to-equity fell from 0.34x to 0.28x, showing that expansion was funded more by accumulated capital than by additional borrowing.

Financial Health Signals

Financial health score not available

Cboe Global Markets, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Strong

8/9

Cboe Global Markets, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.59x

For every $1 of reported earnings, Cboe Global Markets, Inc. generates $1.59 in operating cash flow ($1.8B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

28.05x

Cboe Global Markets, Inc. earns $28.05 in operating income for every $1 of interest expense ($1.5B vs $52.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.4B

YoY+22.9%

QoQ+13.4%

5Y CAGR+12.5%

10Y CAGR+23.6%

Cboe Global Markets, Inc. generated $1.4B in revenue in Q2 2026. This represents an increase of 22.9% from the same quarter a year earlier. Against the prior quarter it is up 13.4%.

EBITDA

$504.1M

YoY+36.6%

QoQ-5.8%

5Y CAGR+16.9%

10Y CAGR+18.8%

Cboe Global Markets, Inc.'s EBITDA was $504.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 36.6% from the same quarter a year earlier. Against the prior quarter it is down 5.8%.

Net Income

$353.1M

YoY+50.2%

QoQ-8.5%

5Y CAGR+27.3%

10Y CAGR+21.3%

Cboe Global Markets, Inc. reported $353.1M in net income in Q2 2026. This represents an increase of 50.2% from the same quarter a year earlier. Against the prior quarter it is down 8.5%.

EPS (Diluted)

$3.35

YoY+50.2%

QoQ-8.5%

5Y CAGR+27.9%

10Y CAGR+18.4%

Cboe Global Markets, Inc. earned $3.35 per diluted share (EPS) in Q2 2026. This represents an increase of 50.2% from the same quarter a year earlier. Against the prior quarter it is down 8.5%.

Cash & Balance Sheet

Free Cash Flow

-$536.3M

YoY-271.1%

QoQ-127.6%

Cboe Global Markets, Inc. recorded an outflow of $536.3M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 271.1% from the same quarter a year earlier. Against the prior quarter it is down 127.6%.

Cash & Debt

$2.3B

YoY+81.2%

QoQ+6.6%

5Y CAGR+38.2%

10Y CAGR+45.9%

Cboe Global Markets, Inc. held $2.3B in cash against $794.2M in long-term debt as of Q2 2026.

Dividends Per Share

$0.72

YoY+14.3%

QoQ0.0%

Cboe Global Markets, Inc. paid $0.72 per share in dividends in Q2 2026. This represents an increase of 14.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

104M

YoY-0.2%

QoQ-0.2%

5Y CAGR-0.4%

10Y CAGR+2.5%

Cboe Global Markets, Inc. had 104M shares outstanding in Q2 2026. This represents a decrease of 0.2% from the same quarter a year earlier. Against the prior quarter it is down 0.2%.

Margins & Returns

Gross Margin

50.7%

YoY+0.7pp

QoQ-6.6pp

5Y change+6.9pp

10Y change-32.5pp

Cboe Global Markets, Inc.'s gross margin was 50.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.6 percentage points.

Operating Margin

33.0%

YoY+4.1pp

QoQ-6.7pp

5Y change+9.3pp

10Y change-12.1pp

Cboe Global Markets, Inc.'s operating margin was 33.0% in Q2 2026, reflecting core business profitability. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.7 percentage points.

Net Margin

24.5%

YoY+4.4pp

QoQ-5.8pp

5Y change+11.3pp

10Y change-5.1pp

Cboe Global Markets, Inc.'s net profit margin was 24.5% in Q2 2026, showing the share of revenue converted to profit. This is up 4.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.8 percentage points.

Return on Equity

6.3%

YoY+1.2pp

QoQ-0.9pp

5Y change+3.2pp

10Y change-13.0pp

Cboe Global Markets, Inc.'s ROE was 6.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.

Capital Allocation

Share Buybacks

$34.4M

YoY-6.3%

QoQ-15.9%

5Y CAGR+0.4%

Cboe Global Markets, Inc. spent $34.4M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 6.3% from the same quarter a year earlier. Against the prior quarter it is down 15.9%.

Capital Expenditures

$33.1M

YoY+63.1%

QoQ+72.4%

5Y CAGR+23.8%

10Y CAGR+7.2%

Cboe Global Markets, Inc. invested $33.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 63.1% from the same quarter a year earlier. Against the prior quarter it is up 72.4%.

R&D Spending

Not reported for Q2 2026.

CBOE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CBOE quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$5.1B	$4.7B+15.1%	$4.1B+8.5%	$3.8B-4.7%	$4.0B+13.3%	$3.5B+2.0%	$3.4B+37.3%	$2.5B-9.8%	$2.8B+24.2%	$2.2B+217.0%	$703.1M+5.9%	$663.8M+7.5%	$617.2M+7.9%	$572.0M+11.7%	$512.3M+0.8%	$508.1M
Cost of Revenue	$2.3B	$2.3B+13.0%	$2.0B+9.0%	$1.9B-16.3%	$2.2B+9.8%	$2.0B-7.1%	$2.2B+59.9%	$1.4B-12.4%	$1.6B+25.8%	$1.2B+802.3%	$136.7M+33.9%	$102.1M	N/A	N/A	N/A	N/A
Gross Profit	$2.7B	$2.4B+17.2%	$2.1B+8.1%	$1.9B+10.1%	$1.7B+18.0%	$1.5B+17.7%	$1.3B+10.3%	$1.1B-6.6%	$1.2B+22.2%	$995.6M+75.8%	$566.4M+0.8%	$561.7M	N/A	N/A	N/A	N/A
SG&A Expenses	$539.3M	$500.8M+8.3%	$462.4M+8.6%	$425.8M+17.3%	$363.0M+25.8%	$288.5M+28.3%	$224.9M+13.0%	$199.0M-13.0%	$228.8M+13.6%	$201.4M+77.9%	$113.2M+6.9%	$105.9M-13.0%	$121.7M+3.1%	$118.1M+13.3%	$104.2M-0.2%	$104.5M
Operating Income	$1.8B	$1.5B+33.6%	$1.1B+3.8%	$1.1B+116.1%	$489.6M-39.2%	$805.9M+21.7%	$662.2M+23.3%	$537.2M-10.4%	$599.4M+61.2%	$371.9M+24.7%	$298.2M-6.8%	$319.9M+1.9%	$313.8M+9.8%	$285.8M+17.1%	$244.1M+1.0%	$241.6M
EBITDA	N/A	$1.6B+29.1%	$1.2B+1.3%	$1.2B+85.2%	$656.4M-32.6%	$973.3M+18.6%	$820.7M+15.0%	$713.8M-11.2%	$803.4M+42.4%	$564.1M+64.7%	$342.6M-6.4%	$366.2M+3.5%	$353.7M+10.4%	$320.3M+16.2%	$275.6M-0.1%	$275.7M
Interest Expense	$53.1M	$52.3M+1.6%	$51.5M-17.5%	$62.4M+4.0%	$60.0M+25.0%	$48.0M+24.0%	$38.7M+2.4%	$37.8M-6.7%	$40.5M-4.9%	$42.6M+647.4%	$5.7M+13155.8%	$43K	$0	$0	$0-100.0%	$879K
Income Tax	$538.9M	$466.6M+46.3%	$318.9M+11.4%	$286.2M+44.6%	$197.9M-12.9%	$227.1M+18.2%	$192.2M+47.2%	$130.6M-10.5%	$146.0M+320.5%	-$66.2M-154.8%	$120.9M+1.6%	$119.0M-0.8%	$120.0M+11.4%	$107.7M+26.4%	$85.2M-15.4%	$100.7M
Net Income	$1.4B	$1.1B+43.8%	$764.9M+0.5%	$761.4M+224.0%	$235.0M-55.6%	$529.0M+13.0%	$468.2M+24.9%	$374.9M-12.1%	$426.5M+6.2%	$401.7M+115.0%	$186.8M-8.9%	$205.0M+8.1%	$189.7M+7.8%	$176.0M+11.8%	$157.4M+12.9%	$139.4M
EPS (Basic)	N/A	$10.46+44.5%	$7.24+1.1%	$7.16+225.5%	$2.20-55.4%	$4.93+15.2%	$4.28+27.8%	$3.35-11.4%	$3.78+2.2%	$3.70+63.0%	$2.27-7.7%	$2.46+11.3%	$2.21+11.1%	$1.99+11.8%	$1.78+17.1%	$1.52
EPS (Diluted)	$12.83	$10.42+44.5%	$7.21+1.1%	$7.13+225.6%	$2.19-55.5%	$4.92+15.2%	$4.27+27.8%	$3.34-11.2%	$3.76+1.9%	$3.69+62.6%	$2.27-7.7%	$2.46+11.3%	$2.21+11.1%	$1.99+11.8%	$1.78+17.1%	$1.52
Diluted Shares (Avg)	N/A	105M-0.4%	106M-0.7%	106M-0.5%	107M-0.5%	107M-1.9%	109M-2.2%	112M-0.4%	112M+4.4%	108M+32.1%	81M-2.0%	83M-2.7%	85M-2.2%	87M-0.1%	87M-2.8%	90M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$1.4B+22.9%	$1.3B+6.5%	$1.2B+8.7%	$1.1B+8.1%	$1.2B+20.5%	$1.2B+24.8%	$1.1B+14.3%	$1.1B+16.2%
Cost of Revenue	$711.2M+21.3%	$543.9M-13.6%	$532.9M-8.6%	$536.2M+2.4%	$586.2M+27.4%	$629.8M+38.4%	$583.1M+24.1%	$523.7M+22.3%
Gross Profit	$731.6M+24.6%	$728.9M+29.0%	$671.1M+28.0%	$605.5M+13.8%	$587.3M+14.3%	$565.2M+12.6%	$524.5M+5.1%	$532.0M+10.7%
SG&A Expenses	$154.7M+21.0%	$127.9M+10.1%	$127.5M+13.9%	$129.2M+8.5%	$127.9M+10.2%	$116.2M+0.8%	$111.9M-0.8%	$119.1M+23.9%
Operating Income	$476.0M+40.4%	$505.6M+42.9%	$403.8M+35.3%	$370.3M+20.5%	$339.1M+61.4%	$353.9M+25.3%	$298.5M+1.5%	$307.4M+13.3%
EBITDA	$504.1M+36.6%	$535.1M+39.3%	$435.1M+31.6%	$401.2M+18.3%	$369.0M+52.5%	$384.2M+20.2%	$330.6M-0.4%	$339.2M+9.4%
Interest Expense	$13.2M+2.3%	$13.3M+3.9%	$13.3M+3.1%	$13.3M+3.9%	$12.9M+0.8%	$12.8M-1.5%	$12.9M-2.3%	$12.8M-16.9%
Income Tax	$141.6M+42.3%	$129.8M+30.3%	$138.2M+66.1%	$129.3M+42.9%	$99.5M+58.9%	$99.6M+20.6%	$83.2M+10.2%	$90.5M+46.2%
Net Income	$353.1M+50.2%	$385.7M+53.9%	$313.5M+59.5%	$300.8M+37.7%	$235.1M+67.5%	$250.6M+19.6%	$196.5M-7.3%	$218.5M+4.9%
EPS (Basic)	$3.36+50.7%	$3.67+54.2%	$2.99+60.8%	$2.86+37.5%	$2.23+67.7%	$2.38+20.8%	$1.86-6.5%	$2.08+6.1%
EPS (Diluted)	$3.35+50.2%	$3.66+54.4%	$2.97+60.5%	$2.85+37.7%	$2.23+67.7%	$2.37+20.9%	$1.85-6.6%	$2.07+6.2%
Diluted Shares (Avg)	105M-0.1%	105M-0.1%	N/A	105M-0.2%	105M-0.4%	105M-0.9%	N/A	105M-0.9%

Not reported in any period shown, so not listed: R&D Expenses.

CBOE Balance Sheet

CBOE quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$9.3B+19.5%	$7.8B+4.0%	$7.5B+7.0%	$7.0B+2.7%	$6.8B+4.6%	$6.5B+27.4%	$5.1B-3.9%	$5.3B+1.1%	$5.3B+1004.6%	$476.7M+23.9%	$384.8M+0.2%	$383.9M-13.1%	$441.6M+30.3%	$338.9M+3.4%	$327.9M
Current Assets	$4.4B+78.3%	$2.5B+25.3%	$2.0B+27.2%	$1.6B+1.6%	$1.5B-2.3%	$1.6B+157.9%	$607.6M-11.1%	$683.7M+57.3%	$434.7M+84.9%	$235.1M+15.2%	$204.1M-16.4%	$244.1M-21.0%	$308.9M+52.2%	$202.9M+7.0%	$189.7M
Cash & Equivalents	$2.2B+140.8%	$920.3M+69.4%	$543.2M+25.5%	$432.7M+26.6%	$341.9M+39.3%	$245.4M+7.0%	$229.3M-16.6%	$275.1M+91.7%	$143.5M+47.5%	$97.3M-4.9%	$102.3M-30.8%	$147.9M-33.2%	$221.3M+63.2%	$135.6M+0.5%	$134.9M
Short-Term Investments	$36.1M-67.3%	$110.3M+91.8%	$57.5M-37.3%	$91.7M+147.2%	$37.1M-59.8%	$92.4M+30.1%	$71.0M+98.9%	$35.7M-24.5%	$47.3M	$0	$0	$0	$0	$0	$0
Accounts Receivable	$391.4M-12.0%	$444.6M+31.8%	$337.3M-8.8%	$369.8M+13.1%	$326.9M-3.1%	$337.3M+43.7%	$234.7M-18.3%	$287.3M+32.2%	$217.3M+183.3%	$76.7M+22.7%	$62.5M+7.1%	$58.4M+17.0%	$49.9M+9.2%	$45.7M+21.5%	$37.6M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.2B+0.8%	$3.1B-0.5%	$3.1B+0.6%	$3.1B+3.2%	$3.0B+4.5%	$2.9B+7.9%	$2.7B-0.3%	$2.7B-0.6%	$2.7B+10116.6%	$26.5M+244.2%	$7.7M	$0	N/A	N/A	N/A
Total Liabilities	$4.2B+18.7%	$3.5B+0.2%	$3.5B-0.9%	$3.5B+10.1%	$3.2B+1.3%	$3.2B+80.2%	$1.8B-15.1%	$2.1B-3.9%	$2.2B+1374.1%	$146.2M+16.8%	$125.1M-6.5%	$133.8M-14.8%	$157.1M+57.5%	$99.7M+8.9%	$91.6M
Current Liabilities	$2.4B+69.3%	$1.4B+0.9%	$1.4B-6.3%	$1.5B+26.3%	$1.2B-11.0%	$1.3B+366.4%	$281.6M-52.7%	$595.9M+78.4%	$334.0M+271.5%	$89.9M+21.5%	$74.0M+0.5%	$73.7M-31.4%	$107.5M+106.1%	$52.1M-0.3%	$52.3M
Non-Current Liabilities	$1.8B-14.6%	$2.1B-0.2%	$2.1B+3.0%	$2.1B+0.8%	$2.0B+10.0%	$1.9B+25.6%	$1.5B+0.1%	$1.5B-19.0%	$1.8B+3134.6%	$56.3M+10.1%	$51.1M-15.0%	$60.2M+21.3%	$49.6M+4.3%	$47.6M+21.1%	$39.3M
Long-Term Debt	$1.4B+0.1%	$1.4B+0.1%	$1.4B+0.1%	$1.4B+10.6%	$1.3B+14.5%	$1.1B+30.8%	$867.6M-5.2%	$915.6M-26.0%	$1.2B	$0	N/A	N/A	N/A	N/A	N/A
Total Equity	$5.1B+20.1%	$4.3B+7.4%	$4.0B+15.0%	$3.5B-3.9%	$3.6B+7.6%	$3.3B-0.2%	$3.4B+3.5%	$3.2B+4.2%	$3.1B+878.5%	$317.9M+22.4%	$259.7M+3.9%	$250.0M-12.1%	$284.5M+19.0%	$239.1M+1.2%	$236.3M
Retained Earnings	$3.5B+25.8%	$2.8B+11.5%	$2.5B+16.3%	$2.2B+1.2%	$2.1B+18.5%	$1.8B+19.6%	$1.5B+17.4%	$1.3B+29.7%	$993.3M+39.7%	$710.8M+17.8%	$603.6M+27.9%	$472.0M+35.1%	$349.3M+26.8%	$275.5M+18.7%	$232.1M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$10.6B+17.3%	$11.1B+27.7%	$9.3B+19.5%	$9.1B+4.1%	$9.0B-2.2%	$8.7B+6.3%	$7.8B+4.0%	$8.7B+12.7%
Current Assets	$5.9B+58.3%	$6.2B+85.1%	$4.4B+78.3%	$3.7B+12.8%	$3.7B-4.0%	$3.4B+25.7%	$2.5B+25.3%	$3.3B+45.7%
Cash & Equivalents	$2.3B+81.2%	$2.1B+103.8%	$2.2B+140.8%	$1.5B+96.1%	$1.3B+104.4%	$1.0B+95.3%	$920.3M+69.4%	$763.2M+89.3%
Short-Term Investments	$114.5M-44.8%	$35.9M-66.1%	$36.1M-67.3%	$34.2M	$207.6M+148.0%	$105.9M+80.1%	$110.3M+91.8%	$0-100.0%
Accounts Receivable	$570.6M+28.4%	$514.6M+4.4%	$391.4M-12.0%	$437.3M+16.2%	$444.3M+19.2%	$493.0M+33.2%	$444.6M+31.8%	$376.2M+4.8%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$3.0B-3.4%	$3.1B+0.3%	$3.2B+0.8%	$3.1B-0.1%	$3.2B+0.7%	$3.1B-0.1%	$3.1B-0.5%	$3.2B+0.8%
Total Liabilities	$5.0B+13.7%	$5.7B+35.2%	$4.2B+18.7%	$4.2B-7.1%	$4.4B-16.3%	$4.2B+2.1%	$3.5B+0.2%	$4.5B+14.2%
Current Liabilities	$3.8B+58.7%	$4.5B+114.2%	$2.4B+69.3%	$2.2B-8.8%	$2.4B-24.4%	$2.1B+4.5%	$1.4B+0.9%	$2.4B+29.2%
Non-Current Liabilities	$1.2B-40.0%	$1.2B-43.2%	$1.8B-14.6%	$2.0B-5.1%	$2.0B-3.8%	$2.1B-0.2%	$2.1B-0.2%	$2.1B+0.9%
Long-Term Debt	$794.2M-44.9%	$793.9M-44.9%	$1.4B+0.1%	$1.4B+0.1%	$1.4B+0.1%	$1.4B+0.1%	$1.4B+0.1%	$1.4B+0.1%
Total Equity	$5.6B+20.6%	$5.4B+20.7%	$5.1B+20.1%	$4.9B+16.1%	$4.7B+16.0%	$4.5B+10.6%	$4.3B+7.4%	$4.2B+11.1%
Retained Earnings	$4.1B+30.4%	$3.9B+28.4%	$3.5B+25.8%	$3.4B+16.6%	$3.2B+14.9%	$3.0B+12.1%	$2.8B+11.5%	$2.9B+13.9%

Not reported in any period shown, so not listed: Inventory.

CBOE Cash Flow Statement

CBOE quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$2.0B	$1.8B+59.2%	$1.1B+2.3%	$1.1B+65.2%	$651.1M+9.1%	$596.8M-59.1%	$1.5B+130.5%	$632.8M+18.3%	$534.7M+42.8%	$374.4M+63.1%	$229.6M-6.4%	$245.3M-6.6%	$262.7M+17.1%	$224.4M+11.9%	$200.5M-1.3%	$203.1M
Depreciation & Amortization	N/A	$122.4M-8.0%	$133.0M-15.8%	$158.0M-5.3%	$166.8M-0.4%	$167.4M+5.6%	$158.5M-10.2%	$176.6M-13.4%	$204.0M+6.1%	$192.2M+332.9%	$44.4M-4.1%	$46.3M+16.0%	$39.9M+15.7%	$34.5M+9.5%	$31.5M-7.7%	$34.1M
Stock-Based Compensation	N/A	$50.4M+20.6%	$41.8M+1.2%	$41.3M+34.5%	$30.7M+15.4%	$26.6M+22.6%	$21.7M-0.5%	$21.8M-37.9%	$35.1M-33.3%	$52.6M+262.8%	$14.5M+18.9%	$12.2M-21.7%	$15.6M-25.2%	$20.8M+68.6%	$12.3M-2.1%	$12.6M
Capital Expenditures	$88.3M	$71.0M+16.6%	$60.9M+35.3%	$45.0M-24.7%	$59.8M+17.3%	$51.0M+7.6%	$47.4M+35.0%	$35.1M-3.3%	$36.3M-3.2%	$37.5M-15.5%	$44.4M+13.0%	$39.3M	N/A	N/A	N/A	N/A
Free Cash Flow	$1.9B	$1.7B+61.7%	$1.0B+0.9%	$1.0B+74.3%	$591.3M+8.3%	$545.8M-61.3%	$1.4B+136.1%	$597.7M+19.9%	$498.4M+47.9%	$336.9M+81.9%	$185.2M-10.1%	$206.0M	N/A	N/A	N/A	N/A
Investing Cash Flow	$462.2M	$450.2M+417.5%	-$141.8M-157.4%	-$55.1M+93.4%	-$835.1M-136.8%	-$352.7M+18.1%	-$430.5M-2607.5%	-$15.9M+37.9%	-$25.6M+98.2%	-$1.4B-1602.0%	-$84.4M-6.3%	-$79.4M	N/A	N/A	-$33.0M-8.9%	-$30.3M
Financing Cash Flow	-$405.1M	-$371.6M+24.9%	-$495.0M+24.6%	-$656.1M-903.1%	$81.7M+140.8%	-$200.3M+0.7%	-$201.7M+69.6%	-$662.9M-78.4%	-$371.6M-133.8%	$1.1B+832.2%	-$150.2M+29.0%	-$211.5M	N/A	N/A	-$166.9M-82.0%	-$91.7M
Dividends Paid	$303.0M	$284.3M+14.0%	$249.4M+11.6%	$223.5M+6.7%	$209.4M+8.3%	$193.3M+13.3%	$170.6M+13.7%	$150.0M+15.1%	$130.3M+10.3%	$118.1M+50.4%	$78.5M+6.9%	$73.4M	N/A	N/A	$47.8M+18.5%	$40.4M
Share Buybacks	$75.3M	$66.7M-67.4%	$204.8M+144.1%	$83.9M-16.8%	$100.9M+24.1%	$81.3M-76.7%	$349.1M+122.5%	$156.9M+11.4%	$140.9M	N/A	$60.5M-54.2%	$132.2M-21.5%	$168.3M+271.7%	$45.3M-9.0%	$49.7M+5.9%	$47.0M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	-$503.2M-250.8%	$2.0B+114.7%	$352.1M+149.6%	$153.9M+126.6%	$333.7M-77.7%	$912.9M+1.9%	-$710.4M-275.9%	-$578.5M-178.5%
Depreciation & Amortization	$28.1M-6.0%	$29.5M-2.6%	$31.3M-2.5%	$30.9M-2.8%	$29.9M-6.0%	$30.3M-18.8%	$32.1M-15.5%	$31.8M-18.0%
Stock-Based Compensation	N/A	$12.9M+4.0%	N/A	N/A	N/A	$12.4M+6.0%	N/A	N/A
Capital Expenditures	$33.1M+63.1%	$19.2M+30.6%	$20.0M-16.0%	$16.0M+33.3%	$20.3M+14.0%	$14.7M+101.4%	$23.8M+39.2%	$12.0M+55.8%
Free Cash Flow	-$536.3M-271.1%	$1.9B+116.1%	$332.1M+145.2%	$137.9M+123.4%	$313.4M-78.8%	$898.2M+1.1%	-$734.2M-256.2%	-$590.5M-181.0%
Investing Cash Flow	-$106.9M+8.6%	-$17.7M+10.2%	$419.3M+430.7%	$167.5M+373.2%	-$116.9M-215.1%	-$19.7M-48.1%	-$126.8M-231.9%	$35.4M+36.7%
Financing Cash Flow	-$111.6M-7.5%	-$140.2M-22.4%	-$77.5M-9.6%	-$75.8M+2.9%	-$103.8M+41.6%	-$114.5M+32.1%	-$70.7M+50.4%	-$78.1M+52.6%
Dividends Paid	$75.7M+14.0%	$75.8M+14.2%	$75.8M+14.2%	$75.7M+14.2%	$66.4M+14.1%	$66.4M+13.5%	$66.4M+13.5%	$66.3M+13.3%
Share Buybacks	$34.4M-6.3%	$40.9M+36.3%	$0-100.0%	$0-100.0%	$36.7M-63.8%	$30.0M-60.8%	$500K-91.4%	$26.4M

CBOE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

CBOE quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	51.5%+0.9pp	50.6%-0.2pp	50.8%+6.8pp	44.0%+1.8pp	42.2%+5.6pp	36.6%-9.0pp	45.6%+1.6pp	44.0%-0.7pp	44.7%-35.9pp	80.6%-4.1pp	84.6%	N/A	N/A	N/A	N/A
Operating Margin	31.1%+4.3pp	26.8%-1.2pp	28.0%+15.7pp	12.4%-10.7pp	23.1%+3.7pp	19.3%-2.2pp	21.5%-0.1pp	21.6%+5.0pp	16.7%-25.7pp	42.4%-5.8pp	48.2%-2.6pp	50.8%+0.9pp	50.0%+2.3pp	47.6%+0.1pp	47.5%
Net Margin	23.3%+4.7pp	18.7%-1.5pp	20.2%+14.2pp	5.9%-9.2pp	15.1%+1.5pp	13.7%-1.4pp	15.0%-0.4pp	15.4%-2.6pp	18.0%-8.5pp	26.6%-4.3pp	30.9%+0.1pp	30.7%0.0pp	30.8%+0.1pp	30.7%+3.3pp	27.4%
Return on Equity	21.4%+3.5pp	17.9%-1.2pp	19.1%+12.3pp	6.8%-7.9pp	14.7%+0.7pp	14.0%+2.8pp	11.2%-2.0pp	13.2%+0.3pp	12.9%-45.9pp	58.8%-20.2pp	78.9%+3.0pp	75.9%+14.0pp	61.9%-4.0pp	65.8%+6.8pp	59.0%
Return on Assets	11.8%+2.0pp	9.8%-0.4pp	10.2%+6.8pp	3.4%-4.4pp	7.8%+0.6pp	7.2%-0.2pp	7.3%-0.7pp	8.0%+0.4pp	7.6%-31.6pp	39.2%-14.1pp	53.3%+3.9pp	49.4%+9.6pp	39.9%-6.6pp	46.5%+3.9pp	42.5%
Current Ratio	1.87+0.1x	1.78+0.3x	1.43+0.4x	1.05-0.3x	1.31+0.1x	1.19-1.0x	2.16+1.0x	1.15-0.2x	1.30-1.3x	2.62-0.1x	2.76-0.6x	3.31+0.4x	2.87-1.0x	3.89+0.3x	3.63
Debt-to-Equity	0.28-0.1x	0.340.0x	0.36-0.1x	0.41+0.1x	0.360.0x	0.34+0.1x	0.260.0x	0.28-0.1x	0.40+0.4x	0.00-0.5x	0.48-0.1x	0.540.0x	0.55+0.1x	0.420.0x	0.39
Asset Turnover	0.510.0x	0.530.0x	0.50-0.1x	0.57+0.1x	0.510.0x	0.530.0x	0.490.0x	0.52+0.1x	0.42-1.1x	1.47-0.3x	1.73+0.1x	1.61+0.3x	1.30-0.2x	1.510.0x	1.55
FCF Margin	35.7%+10.3pp	25.4%-1.9pp	27.3%+12.4pp	14.9%-0.7pp	15.6%-25.6pp	41.2%+17.2pp	23.9%+5.9pp	18.0%+2.9pp	15.1%-11.2pp	26.3%-4.7pp	31.0%	N/A	N/A	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	50.7%+0.7pp	57.3%+10.0pp	55.7%+8.4pp	53.0%+2.6pp	50.0%-2.7pp	47.3%-5.2pp	47.3%-4.2pp	50.4%-2.5pp
Operating Margin	33.0%+4.1pp	39.7%+10.1pp	33.5%+6.6pp	32.4%+3.3pp	28.9%+7.3pp	29.6%+0.1pp	27.0%-3.4pp	29.1%-0.7pp
Net Margin	24.5%+4.4pp	30.3%+9.3pp	26.0%+8.3pp	26.4%+5.7pp	20.0%+5.6pp	21.0%-0.9pp	17.7%-4.2pp	20.7%-2.2pp
Return on Equity	6.3%+1.2pp	7.2%+1.6pp	6.1%+1.5pp	6.2%+1.0pp	5.0%+1.6pp	5.6%+0.4pp	4.6%-0.7pp	5.2%-0.3pp
Return on Assets	3.3%+0.7pp	3.5%+0.6pp	3.4%+0.9pp	3.3%+0.8pp	2.6%+1.1pp	2.9%+0.3pp	2.5%-0.3pp	2.5%-0.2pp
Current Ratio	1.570.0x	1.39-0.2x	1.87+0.1x	1.72+0.3x	1.57+0.3x	1.60+0.3x	1.78+0.3x	1.39+0.2x
Debt-to-Equity	0.14-0.2x	0.15-0.2x	0.28-0.1x	0.300.0x	0.310.0x	0.320.0x	0.340.0x	0.340.0x
Asset Turnover	0.140.0x	0.120.0x	0.130.0x	0.130.0x	0.130.0x	0.140.0x	0.140.0x	0.120.0x
FCF Margin	-37.2%-63.9pp	152.5%	27.6%+93.9pp	12.1%+68.0pp	26.7%	75.2%-17.6pp	-66.3%-45.0pp	-55.9%-136.2pp

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Cboe Global Markets, Inc. CBOE	FY2025	$4.7B	$1.1B	23.3%	$31.4B	—
TransUnion TRU	FY2025	$4.6B	$455.4M	10.0%	$12.7B	56/100
Factset Research Systems FDS	FY2025	$2.3B	$597.0M	25.7%	$10.3B	68/100
Nasdaq, Inc. NDAQ	FY2025	$8.3B	$1.8B	21.6%	$52.7B	61/100
MSCI, Inc. MSCI	FY2025	$3.1B	$1.2B	38.4%	$41.3B	66/100
Morningstar, Inc. MORN	FY2025	$2.4B	$374.2M	15.3%	$7.7B	62/100

Where Cboe Global Markets, Inc. Ranks

Frequently Asked Questions

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

Cboe Global Markets, Inc. (CBOE) reported $4.7B in total revenue for fiscal year 2025. This represents a 15.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Cboe Global Markets, Inc.'s revenue growing?

Cboe Global Markets, Inc. (CBOE) revenue grew by 15.1% year-over-year, from $4.1B to $4.7B in fiscal year 2025.

Is Cboe Global Markets, Inc. profitable?

Yes, Cboe Global Markets, Inc. (CBOE) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 23.3%.

What is Cboe Global Markets, Inc.'s EBITDA?

Cboe Global Markets, Inc. (CBOE) had EBITDA of $1.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Cboe Global Markets, Inc. have?

As of fiscal year 2025, Cboe Global Markets, Inc. (CBOE) had $2.2B in cash and equivalents against $1.4B in long-term debt.

What is Cboe Global Markets, Inc.'s gross margin?

Cboe Global Markets, Inc. (CBOE) had a gross margin of 51.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Cboe Global Markets, Inc.'s operating margin?

Cboe Global Markets, Inc. (CBOE) had an operating margin of 31.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

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

Cboe Global Markets, Inc. (CBOE) had a net profit margin of 23.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Cboe Global Markets, Inc. pay dividends?

Yes, Cboe Global Markets, Inc. (CBOE) paid $2.70 per share in dividends during fiscal year 2025.

What is Cboe Global Markets, Inc.'s return on equity (ROE)?

Cboe Global Markets, Inc. (CBOE) has a return on equity of 21.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Cboe Global Markets, Inc.'s free cash flow?

Cboe Global Markets, Inc. (CBOE) generated $1.7B in free cash flow during fiscal year 2025. This represents a 61.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Cboe Global Markets, Inc.'s operating cash flow?

Cboe Global Markets, Inc. (CBOE) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Cboe Global Markets, Inc.'s total assets?

Cboe Global Markets, Inc. (CBOE) had $9.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Cboe Global Markets, Inc.'s capital expenditures?

Cboe Global Markets, Inc. (CBOE) invested $71.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Cboe Global Markets, Inc. buy back shares?

Yes, Cboe Global Markets, Inc. (CBOE) spent $66.7M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Cboe Global Markets, Inc. have outstanding?

Cboe Global Markets, Inc. (CBOE) had 105M shares outstanding as of fiscal year 2025.

What is Cboe Global Markets, Inc.'s current ratio?

Cboe Global Markets, Inc. (CBOE) had a current ratio of 1.87 as of fiscal year 2025, which is generally considered healthy.

What is Cboe Global Markets, Inc.'s debt-to-equity ratio?

Cboe Global Markets, Inc. (CBOE) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Cboe Global Markets, Inc.'s return on assets (ROA)?

Cboe Global Markets, Inc. (CBOE) had a return on assets of 11.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Cboe Global Markets, Inc.'s P/E ratio?

Cboe Global Markets, Inc. (CBOE) trades at 23.2x earnings, its market capitalization divided by net income of $1.4B net income, trailing 12 months to June 30, 2026. The market capitalization is $31.4B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cboe Global Markets, Inc.'s price-to-sales ratio?

Cboe Global Markets, Inc. (CBOE) trades at 6.2x sales, its market capitalization divided by revenue of $5.1B revenue, trailing 12 months to June 30, 2026. The market capitalization is $31.4B as of Oct 14, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Cboe Global Markets, Inc.'s Piotroski F-Score?

Cboe Global Markets, Inc. (CBOE) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Cboe Global Markets, Inc.'s earnings high quality?

Cboe Global Markets, Inc. (CBOE) has an earnings quality ratio of 1.59x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Cboe Global Markets, Inc. cover its interest payments?

Cboe Global Markets, Inc. (CBOE) has an interest coverage ratio of 28.05x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.