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Cboe Global Markets (CBOE) Price & Analysis
CBOE Stock Chart & Stats
- Day’s Range
- $320.01 - $342.86
- 52-Week Range
- $227.15 - $371.18
- Previous Close
- $314.25
- Volume
- 646.58K
- Average Volume (3M)
- 1.29M
- Market Cap
- $35.04B
- Enterprise Value
- $27.71B
- Total Cash (Recent Filing)
- $2.66B
- Total Debt (Recent Filing)
- $1.55B
- Price to Earnings (P/E)
- 23.8
- Beta
- 0.15
- Next Earnings
- Jan 29, 2027
- EPS Estimate
- 3.5
- Next Dividend Ex-Date
- Nov 30, 2026
- Dividend Yield
- 0.90%
Bulls Say, Bears Say
Bulls Say
Broad-Based Revenue Growth
Growth across derivatives, cash markets, and data reduces reliance on a single revenue stream and demonstrates broad customer demand. This diversified expansion can support more durable earnings growth as Cboe continues scaling products, geographies, and market access services.
Margin Expansion And Cost Discipline
Improving profitability alongside lower operating expenses indicates meaningful operating leverage and disciplined execution. A stronger margin structure gives Cboe greater capacity to fund growth investments, absorb cost pressure, and convert future revenue gains into earnings.
Durable S&P Franchise
Extending exclusive S&P rights through 2051 reinforces Cboe’s long-term competitive position in equity and index derivatives. The agreement supports continuity for important SPX and related products, while reducing uncertainty around a strategically important intellectual-property relationship.
Bears Say
Volatile Cash Conversion
The sharp decline in trailing cash generation versus recent annual results shows that reported earnings have not translated consistently into cash. Persistent conversion volatility could constrain capital allocation flexibility and make funding growth or shareholder returns less predictable.
Exposure To Volatility Cycles
Cboe’s transaction-driven model remains exposed to changes in volatility and trading activity, particularly across VIX-linked products. Stable volatility can suppress volumes and revenue in important franchises, creating an enduring source of earnings variability even when other segments perform well.
Loss Of Cboe Australia Revenue
The sale of Cboe Australia removes an established source of future revenue and reduces the contribution from the company’s international platform. Although other businesses are growing, this structural portfolio change creates a recurring headwind that must be offset by organic expansion elsewhere.
Cboe Global Markets News
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Cboe Global Markets Stock Smart Score
Company Description
Cboe Global Markets
Cboe Global Markets, Inc. functions as a global operator of various financial exchanges, primarily renowned for its options trading platforms, all managed through its numerous subsidiaries. The company organizes its expansive business activities into five distinct segments. The Options segment specializes in the trading of listed market indices. Its North American Equities division facilitates transactions for listed stocks in the United States and Canada, also offering services for exchange-traded products (ETPs), encompassing both trading and listing. The Futures segment is dedicated to futures trading. The Europe and Asia Pacific division delivers a broad range of services, including transactions for pan-European listed equities and derivatives, ETPs, exchange-traded commodities, and international depository receipts, along with ETP listing and clearing provisions. Finally, the Global FX segment serves institutional foreign exchange trading and non-deliverable forward FX transactions. Cboe Global Markets has established important strategic partnerships with key players such as S&P Dow Jones Indices, LLC; FTSE International Limited; Frank Russell Company; MSCI Inc.; and DJI Opco, LLC. The company, which originated in Chicago, Illinois, in 1973, previously operated as CBOE Holdings, Inc. until its rebranding in October 2017.
- Sector
- General
- Industry
- Financial - Data & Stock Exchanges
- CEO
- Craig Steven Donohue
- Employees
- 1,661
- Website
- www.cboe.com
- Address
- 433 West Van Buren Street, Chicago, IL, 60607, US
Cboe Global Markets (CBOE) Earnings & Revenues
CBOE Company Deck
CBOE Earnings Call
Earnings Call SentimentPositive
The call was strongly positive, with record earnings, broad-based revenue growth, robust options and retail activity, raised 2026 revenue guidance, strong balance-sheet flexibility, and progress on long-term initiatives such as the S&P agreement, KPI contracts, clearing, and extended trading hours. The main negatives were muted VIX and futures activity, a $14 million CAT LLC reserve, the loss of future Cboe Australia revenue, technology-cost inflation, and the early-stage nature and regulatory complexity of KPI contracts. Highlights significantly outweighed lowlights.
View all CBOE earnings summariesCBOE Net sales Breakdown
- 31.46% Transaction and clearing fees
- 0.00% Access and capacity fees
- 1.40% Market data fees
- 4.16% Regulatory fees
- 1.90% Other revenue
CBOE Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 14 | 5 | 3 |
| Technical Analysis | 2 | 5 | 3 |
| Moving Averages | 12 | 0 | 0 |











