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) Operating margin

Alert me on Operating margin

Cboe Global Markets, Inc.'s operating margin over the twelve months to 30 September 2026 was 36.4%, up 5.3 percentage points from fiscal 2025 (31.1%). Over the past ten years it has ranged from 12.4% (fiscal 2022) to 48.2% (fiscal 2015); the current reading is higher than 82% of that period. That is above the Financial Data & Stock Exchanges industry median of 29.1% and above the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 31.1% 4.29
FY2024 26.8% (1.20)
FY2023 28.0% 15.66
FY2022 12.4% (10.69)
FY2021 23.1% 3.74
FY2020 19.3% (2.20)
FY2019 21.5% (0.13)
FY2018 21.7% 4.97
FY2017 16.7% (25.73)
FY2016 42.4% (5.78)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 39.3% 6.33
Jun 2026 33.0% (6.73)
Mar 2026 39.7% 6.18
Dec 2025 33.5% 1.11
43 more quarters

Against its own ten years

Low 12.4% High 48.2%
Ten-year median 23.1%
Current reading's percentile 91

Operating margin against peers

Company Operating margin
CME CME Group Inc. compare 65.7%
MSCI MSCI Inc compare 55.7%
ICE Intercontinental Exchange Inc. compare 52.3%
MCO Moody's Corporation compare 44.6%
CBOE Cboe Global Markets, Inc. 36.4%
NDAQ Nasdaq, Inc. compare 29.9%
FDS FactSet Research Systems Inc. compare 28.3%
TRU TransUnion compare 19.3%
COIN Coinbase Global, Inc. compare 3.56%
Financial Data & Stock Exchanges industry median 29.1%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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