CBOE · 8-K · 20261030PR068432

Guidance / Outlook

Cboe Global Markets, Inc. · 2026-10-30 · Importance 69 · Surprise 60 · From source text

For fiscal 2026, Cboe raised its organic total net revenue growth target to “high teens” from “mid to high teens” and its Data Vantage organic net revenue growth target to “mid teens” from “low teens.” It lowered adjusted operating expense guidance to $830–$845 million from $838–$853 million. The company reaffirmed 2026 capital expenditures of $98–$108 million and an adjusted effective tax rate of 27.5%–29.5%. Guidance reflects announced business discontinuations and planned cost reductions, and excludes the 2025 and 2026 impact of Cboe Australia from organic growth calculations following its sale.

Key facts

• Cboe increased its 2026 organic total net revenue growth target to high teens from mid to high teens. source
• Cboe expects 2026 organic total net revenue growth in the high-teens range, raised from mid to high teens. source
• Cboe increased its 2026 Data Vantage organic net revenue growth target to mid teens from low teens. source
• Cboe expects 2026 Data Vantage organic net revenue growth in the mid-teens range, raised from low teens. source
• Cboe lowered its 2026 adjusted operating expense guidance to $830–$845 million from $838–$853 million. source
• Cboe’s 2026 adjusted operating expense guidance is $830–$845 million, excluding $59 million of expected acquired-intangible amortization. source
• Cboe’s 2026 guidance includes anticipated impacts from discontinuing U.S. and European Corporate Listings, CEDX, and its Japanese equities business, planned cost reductions in U.S. and European ETP Listings and several smaller Risk and Market Analytics businesses, and anticipated realignment costs. source
• Cboe’s 2026 guidance includes anticipated business-as-usual financial contribution from Cboe Canada despite announced divestiture plans, and guidance will be updated as further actions are announced. source

Impact estimates