Record-Breaking Revenue and Profit
Cboe reported a 13% increase in net revenue year over year to a record $565 million and a 16% increase in adjusted diluted earnings per share to a record $2.50.
Strong Derivatives Business Performance
The derivatives business delivered a record quarter with organic net revenue increasing 16% year over year. SPX options volumes increased 13% year over year while VIX options volumes jumped 33%.
DataVantage and Global Expansion
DataVantage business saw an 8% increase in organic net revenue year over year. Cboe expanded client onboarding in Asia Pacific, including new clients in Korea and Taiwan.
Cash and Spot Markets Growth
Cash and spot markets' organic net revenue increased 10%, driven by healthy trading volumes and growth across regional equities.
Future Growth Opportunities
Cboe is focused on expanding its global sales efforts and product innovation, with significant opportunities identified in the Asia Pacific region.