Cboe Global Markets income statement

In fiscal 2025, Cboe Global Markets reported revenue of $4.71bn, up 15.1% on the year before, operating income of $1.47bn (a 31.1% margin) and net income of $1.10bn, or $10.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cboe Global Markets: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	426	437	508	512	572	617	664	703	2,229	2,769	2,496	3,427	3,495	3,959	3,774	4,095	4,714	5,278
Cost of revenue	—	—	—	—	—	—	102	137	1,234	1,552	1,359	2,173	2,019	2,217	1,856	2,022	2,285	2,435
Gross profit	—	—	—	—	—	—	562	566	996	1,217	1,137	1,254	1,476	1,742	1,918	2,072	2,429	2,844
Operating income	178	167	242	244	286	314	320	298	372	599	537	662	806	490	1,058	1,098	1,467	1,920
Interest expense	—	—	—	—	0	0	0	6	43	41	38	39	48	60	62	52	52	53
Provision for credit losses	—	—	—	—	—	—	—	—	—	—	23	7	1	2	4	3	1	14
Income before tax	—	—	240	243	284	310	324	307	334	571	501	660	756	433	1,048	1,084	1,567	2,016
Income tax	71	65	101	85	108	120	119	121	−66	146	131	192	227	198	286	319	467	536
Net income	106	98	139	157	176	190	205	187	402	427	375	468	529	234	761	765	1,100	1,481
Diluted EPS	$1.17	$1.03	$1.52	$1.78	$1.99	$2.21	$2.46	$2.27	$3.69	$3.76	$3.34	$4.27	$4.92	$2.19	$7.13	$7.21	$10.42	$14.10
Diluted shares (average)	91m	96m	90m	87m	87m	85m	83m	81m	108m	112m	112m	109m	107m	107m	106m	106m	105m	105m
EBITDA	205	197	276	276	320	354	366	343	564	803	714	821	973	656	1,216	1,231	1,590	2,036

US$ millions unless shown otherwise. Fiscal quarters.

Cboe Global Markets: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	1,108	1,195	1,174	1,142	1,204	1,273	1,443	1,359
Cost of revenue	583	630	586	536	533	544	711	647
Gross profit	525	565	587	606	671	729	732	712
Operating income	299	354	339	370	404	506	476	534
Interest expense	13	13	13	13	13	13	13	13
Provision for credit losses	0	1	1	−2	0	−0	−1	14
Income before tax	280	350	335	430	452	516	495	555
Income tax	83	100	100	129	138	130	142	126
Net income	197	251	235	301	314	386	353	428
Diluted EPS	$1.85	$2.37	$2.23	$2.85	$2.97	$3.66	$3.35	$4.08
EBITDA	331	384	369	401	435	535	504	562

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: CBOE vs COIN CBOE vs CME CBOE vs MSCI

More: Financial Exchanges & Data stocks compared, Financials sector, rankings of US companies

Figures from Cboe Global Markets's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cboe Global Markets.