Cboe Global Markets, Inc.
Profit after direct costs
Core business profitability
Bottom line profitability
Top line growth rate
Flow of revenue through cost categories to net income
| Item | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | YoY Change |
|---|---|---|---|---|---|---|---|
Total Revenue | 3.49B | 3.96B | 3.77B | 4.09B | 4.71B | 15.1% | |
| Cost of Revenue | (2.02B) | (2.22B) | (1.86B) | (2.02B) | (2.41B) | 19.1% | |
Gross Profit | 1.48B | 1.74B | 1.92B | 2.07B | 2.31B | 11.3% | |
| Operating Expenses | |||||||
| Research & Development | — | — | — | — | — | — | |
| Selling, General & Administrative | (381.90M) | (475.70M) | (555.40M) | (603.00M) | (91.50M) | -84.8% | |
| General & Administrative | (372.20M) | (452.00M) | (517.80M) | (557.20M) | (91.50M) | -83.6% | |
| Depreciation & Amortization | (167.40M) | (166.80M) | (158.00M) | (133.00M) | (122.40M) | -8.0% | |
Operating Income (EBIT) | 805.90M | 489.60M | 1.06B | 1.10B | 1.51B | 37.8% | |
| Non-Operating Items | |||||||
| Interest Income | 600.00K | 3.60M | 12.00M | 27.30M | 49.40M | 81.0% | |
| Interest Expense | (48.00M) | (60.00M) | (62.40M) | (51.50M) | — | -100.0% | |
| Other Income/Expenses (Net) | -49.80M | -56.70M | -10.30M | -14.60M | 52.50M | -459.6% | |
Income Before Tax | 756.10M | 432.90M | 1.05B | 1.08B | 1.57B | 44.5% | |
| Income Tax Expense | (227.10M) | (197.90M) | (286.20M) | (318.90M) | (466.60M) | 46.3% | |
Net Income | 529.00M | 235.00M | 761.40M | 764.90M | 1.10B | 43.8% | |
| Per Share Metrics | |||||||
| Earnings Per Share (Basic) | $5 | $2 | $7 | $7 | $10 | 44.5% | |
| Weighted Avg Shares Outstanding | 107.00M | 106.30M | 105.80M | 105.10M | 104.70M | -0.4% | |
| Weighted Avg Shares Outstanding (Diluted) | 107.20M | 106.70M | 106.20M | 105.50M | 105.10M | -0.4% | |
EBITDA | 971.50M | 659.70M | 1.27B | 1.27B | 1.64B | 29.0% |
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