CBOE · 8-K · 20260929PR111989

Guidance / Outlook

Cboe Global Markets, Inc. · 2026-09-29 · Importance 26 · Surprise 24

Cboe estimates that the updated 2027 royalty fee terms will have a de minimis impact on 2027 net revenue growth, considered against organic and ecosystem-driven volume growth, pricing optimization opportunities, and continued business execution. The updated royalty terms begin in 2027, while the 2026 royalty fee terms remain unchanged. Cboe expects to provide more specific 2027 organic total net revenue guidance in February with its fourth-quarter earnings.

Key facts

• Cboe will provide more specific 2027 organic total net revenue guidance in February with its fourth quarter earnings. source
• Cboe estimates the 2027 royalty fee terms will have a de minimis impact on its 2027 net revenue growth when considered against organic and ecosystem-driven volume growth, pricing optimization opportunities, and continued business execution. source
• Cboe expects future royalty fee adjustments under the extended contract to be smaller than the 2027 reset. source