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. In the quarter to June 2026, revenue grew 23.0%, EPS grew 50.7%, free cash flow fell 270.9% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for ten consecutive years, operating cash flow growth for three.

315.26 7.41 +2.41%
Market cap
$32.2B
P/E
24.5×
Fwd P/E
—
Dividend yield
0.96%
F-score
9/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Cboe Global Markets, Inc. (CBOE) Gross margin

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Cboe Global Markets, Inc.'s gross margin over the twelve months to 30 June 2026 was 54.1%, up 2.5 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 70.9% and below the Financial sector median of 69.9%.

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)
Jun 2026 50.7% (6.56)
Mar 2026 57.3% 1.53
Dec 2025 55.7% 2.71
Sep 2025 53.0% 2.98
42 more quarters

Against its own ten years

Low 36.6% High 84.6%
Ten-year median 45.6%
Current reading's percentile 83

Gross margin against peers

Company Gross margin
CME CME Group Inc. compare 100.0%
ICE Intercontinental Exchange Inc. compare 98.6%
COIN Coinbase Global, Inc. compare 86.4%
MSCI MSCI Inc compare 83.0%
MCO Moody's Corporation compare 75.0%
NDAQ Nasdaq, Inc. compare 64.3%
TRU TransUnion compare 58.7%
CBOE Cboe Global Markets, Inc. 54.1%
FDS FactSet Research Systems Inc. compare 50.6%
Financial Data & Stock Exchanges industry median 70.9%
Financial sector median 69.9%
Market median 46.2%

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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