CBOE · 8-K · 20260929PR111989

Acquisition / Partnership / Divestiture

Cboe Global Markets, Inc. · 2026-09-29 · Importance 40 · Surprise 42

Cboe extended its exclusive licensing agreement with S&P Dow Jones Indices for 25 years, through 2051. The agreement leaves 2026 royalty fee terms unchanged, with updated terms beginning in 2027. Cboe estimates the 2027 royalty terms will have a de minimis impact on 2027 net revenue growth relative to organic and ecosystem-driven volume growth, pricing optimization, and business execution; it said future royalty adjustments will be smaller than the 2027 reset.