
Cboe Global Markets, Inc. (CBOE) Q4 2025 Earnings Call Transcript
Cboe Global Markets, Inc. (CBOE) Q4 2025 Earnings Call Transcript
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Cboe Global Markets, Inc. (CBOE) Q4 2025 Earnings Call Transcript

Zacks Securities and Exchanges industry players like SPGI, ICE, CME, NDAQ and CBOE gain from rising crypto adoption, trading volumes, a higher non-trading revenue base and tech investments.

CBOE's fourth-quarter results reflect higher volumes across the company???s derivatives platform, solid cash and spot markets performance, offset by higher expenses.

While the top- and bottom-line numbers for CBOE (CBOE) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

CBOE Global (CBOE) came out with quarterly earnings of $3.06 per share, beating the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $2.1 per share a year ago.

Fourth Quarter and Full Year Highlights* Record Diluted EPS for the Quarter of $2.97, Up 60 percent; Record Diluted EPS for the Full Year of $10.42, Up 45 percent Record Adjusted Diluted EPS1 for the Quarter of $3.06, Up 46 percent; Record Adjusted Diluted EPS1 for the Full Year of $10.67, Up 24 percent Record Net Revenue for the Quarter of $671.1 million, Up 28 percent; Record Net Revenue for the Full Year of $2.4 billion, Up 17 percent Establishing 2026 Organic Total Net Revenue Growth Target2 of 'mid single-digit' and Cboe Data Vantage3 Organic Net Revenue Growth Target2 of 'mid to high single-digit' Establishing 2026 Adjusted Operating Expense Guidance2 of $864 to $879 million CHICAGO, Feb. 6, 2026 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the fourth quarter of 2025 and full year. "Cboe delivered an exceptional fourth quarter, marking the culmination of a year characterized by record growth – including 17 percent net revenue growth, 45 percent diluted EPS growth, and 24 percent adjusted diluted EPS1 growth," said Craig Donohue, Chief Executive Officer of Cboe Global Markets.

CHICAGO, Feb. 4, 2026 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported January monthly trading volume statistics across its global business lines. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain January trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Does CBOE Global (CBOE) have what it takes to be a top stock pick for momentum investors? Let's find out.

The Wall Street derivatives exchange is seeking to capitalize on the popularity of yes-or-no wagers, though it aims to stick to financial markets.

CBOE (CBOE) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CBOE and IVZ made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 29th, 2026.

CMWAY, CBOE, SPFI, TEL and IVZ have been added to the Zacks Rank #1 (Strong Buy) List on January 29th, 2026.

Scott Johnston appointed Executive Vice President, Chief Operating Officer Heidi Fischer appointed Executive Vice President, Global Head of Equities and Spot Markets Chief Operating Officer Chris Isaacson plans to retire from his role effective March 6, 2026, will serve as advisor through end of year CHICAGO, Jan. 26, 2026 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced the planned appointments of Scott Johnston as Executive Vice President, Chief Operating Officer, and Heidi Fischer as Executive Vice President, Global Head of Equities and Spot Markets. Johnston will take over chief operating duties from Chris Isaacson, Executive Vice President and Chief Operating Officer, who is retiring from his role effective March 6, 2026.

We are transitioning from a globalization-focused world to one prioritizing resilience, autarky, and supply chain security. Heightened geopolitical risks and deglobalization support investment in defense, resource, and infrastructure sectors for portfolio resilience. Stock exchange operators, defense contractors, resource producers, and infrastructure enablers are positioned to benefit from this new world order.

Does CBOE Global (CBOE) have what it takes to be a top stock pick for momentum investors? Let's find out.

Mandy Xu, Cboe Global Markets Head of Derivatives Market Intelligence, joins 'Fast Money' to talk volatility surrounding single stocks.

CBOE (CBOE) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

CHICAGO, Jan. 6, 2026 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today reported December and full year 2025 trading volume statistics across its global business lines and provided guidance for selected revenue per contract/net revenue capture metrics for the fourth quarter of 2025. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of certain December and full year 2025 trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

Cboe Global Markets remains a Buy, offering defensive qualities and attractive valuation relative to the broader market. CBOE's options business, driving 63% of revenue, posted 19% YoY growth in Q3 2025, underpinning robust earnings momentum. Strategic realignment—exiting non-core businesses—should sharpen CBOE's focus on its core, high-growth options segment, despite near-term earnings headwinds.
Joe Terranova, senior managing director for Virtus Investment Partners, joins CNBC's 'Halftime Report' to detail his latest sale in the CBOE.