Cboe Global Markets, Inc.

CBOE Financial Financial Data & Stock Exchanges

Cboe Global Markets, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.7 billion, up 15.1% from fiscal 2024.

Revenue
+19.0%
EPS
+43.3%
Free cash flow
+471.7%
Total debt
+0.13%

Quarter to September 2026, against a year earlier

353.21 0.14 +0.04%
Market cap
$36.8B
P/E
25.0×
Fwd P/E
—
Dividend yield
0.86%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Cboe Global Markets, Inc. (CBOE) Gross margin

Alert me on Gross margin

Cboe Global Markets, Inc.'s gross margin over the twelve months to 30 September 2026 was 53.9%, up 2.3 percentage points from fiscal 2025 (51.5%). Over the past ten years it has ranged from 36.6% (fiscal 2020) to 84.6% (fiscal 2015); the current reading is higher than 82% of that period. That is below the Financial Data & Stock Exchanges industry median of 72.8% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 51.5% 0.92
FY2024 50.6% (0.22)
FY2023 50.8% 6.83
FY2022 44.0% 1.76
FY2021 42.2% 5.64
FY2020 36.6% (8.95)
FY2019 45.6% 1.60
FY2018 44.0% (0.71)
FY2017 44.7% (35.90)
FY2016 80.6% (4.06)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 52.4% 1.70
Jun 2026 50.7% (6.56)
Mar 2026 57.3% 1.53
Dec 2025 55.7% 2.71
43 more quarters

Against its own ten years

Low 36.6% High 84.6%
Ten-year median 45.6%
Current reading's percentile 81

Gross margin against peers

Company Gross margin
CME CME Group Inc. compare 100.0%
ICE Intercontinental Exchange Inc. compare 98.7%
COIN Coinbase Global, Inc. compare 85.8%
MSCI MSCI Inc compare 82.9%
MCO Moody's Corporation compare 74.6%
NDAQ Nasdaq, Inc. compare 63.2%
TRU TransUnion compare 58.8%
CBOE Cboe Global Markets, Inc. 53.9%
FDS FactSet Research Systems Inc. compare 50.6%
Financial Data & Stock Exchanges industry median 72.8%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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