Cboe Global Markets reports Q4 EPS $2.06, consensus $2.03

Reports Q4 revenue $499.0M, consensus $511.68M. “I am pleased to report that Cboe generated another year of strong revenue growth and financial results in 2023,” said CEO Fredric Tomczyk. “Our Derivatives and Data and Access Solutions categories helped drive the 10% net revenue growth and 13% adjusted diluted EPS growth for the year as both strong secular and cyclical trends helped boost these business lines…” “In Q4, Cboe generated record net revenues and strong earnings results to finish a remarkable year,” said CFO Jill Griebenow. “Derivative trends were strong throughout 2023 with net revenues growing 21% for the full year…Following our record year of revenue generation, we anticipate organic total net revenue growth will average 5-7% in 2024, in line with our medium-term guidance range. We anticipate Data and Access Solutions organic net revenue growth will average an attractive 7-10%, in line with our medium-term expectations. We look to balance solid revenue growth expectations with disciplined expense management, targeting expense growth in the 6-8% range for the year…”