CBOE · 8-K · 20260929PR111989
Licensing / Collaboration Deals
Cboe Global Markets, Inc. · 2026-09-29 · Importance 40 · Surprise 42
Cboe extended its exclusive licensing agreement with S&P Dow Jones Indices (S&P DJI) for 25 years, continuing the collaboration through 2051. The agreement covers Cboe’s licensed index products, including S&P 500 index options. There is no change to 2026 royalty fee terms; updated terms begin in 2027, and Cboe describes their anticipated impact on 2027 net revenue growth as de minimis relative to organic and ecosystem-driven volume growth, pricing optimization, and execution. Cboe says future royalty fee adjustments will be smaller than the 2027 reset.