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Revenue by Segment
Allocates revenue across Cboe’s business units (e.g., options, equities, listings, market data, clearing). Highlights which segments are growing or lagging, indicates diversification or dependency on a single line of business, and points to strategic opportunities or risks tied to specific markets.Options have become the primary growth engine, accelerating materially since 2024 and surging into 2026 — a sign Cboe is benefiting from sustained options volume/fee capture and volatility-driven flow. North American equities and Europe/APAC show steadier recoveries with noticeable uplift in early 2026, providing some diversification. Futures and FX are rising but remain smaller and cyclical, while the Digital line moved from persistent losses to zero, implying a shutdown, reclassification, or breakeven. The upside is strong derivatives momentum; the risk is concentrated exposure to volatile trading volumes.
Date | Europe and Asia Pacific | Options | North American Equities | Futures | Global FX | Digital |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $84.80M | $473.90M | $114.70M | $30.60M | $27.60M | $0.00 |
Mar 31, 2026 | $84.90M | $467.60M | $111.20M | $35.80M | $29.40M | $0.00 |
Dec 31, 2025 | $69.90M | $433.10M | $110.70M | $33.70M | $23.70M | $0.00 |
Sep 30, 2025 | $69.10M | $380.80M | $103.50M | $29.60M | $22.50M | $0.00 |
Jun 30, 2025 | $70.40M | $364.80M | $98.40M | $30.10M | $23.60M | $0.00 |
Mar 31, 2025 | $64.10M | $352.40M | $94.60M | $32.80M | $21.30M | $0.00 |
Dec 31, 2024 | $56.20M | $324.30M | $94.90M | $30.20M | $19.40M | -$500.00K |
Sep 30, 2024 | $55.60M | $320.90M | $98.00M | $38.00M | $20.00M | -$500.00K |
Jun 30, 2024 | $54.30M | $306.70M | $98.30M | $34.80M | $19.80M | -$100.00K |
Mar 31, 2024 | $54.10M | $307.40M | $92.60M | $30.50M | $18.40M | -$900.00K |