CBOE · 10-Q · 2026Q3 · Full report

Trading Revenue

Cboe Global Markets, Inc. · 2026-10-30 · Importance 66 · Surprise 40 · In source text

Derivatives markets revenue rose $100.3 million to $664.9 million in the third quarter and $321.3 million to $1,955.1 million for the first nine months of 2026. Index options average daily volume increased 24% in the quarter and 28% year to date, while multi-listed options ADV increased 12% year to date. Cash and spot markets revenue increased $96.3 million in the quarter and $170.3 million year to date; nine-month growth reflected 15% higher Cboe European equities matched ADNV and 22% higher Global FX ADNV. Section 31 fees rose following the April 2026 rate change to $20.60 per million dollars of covered sales, and the corresponding regulatory-fee revenue is directly offset by regulatory-fee cost of revenues.

Key facts

• Cboe’s U.S. equities off-exchange touched-share ADV was 213.5 million in the third quarter of 2026, compared with 202.3 million in the prior-year quarter; nine-month ADV was 233.1 million versus 140.7 million. source
• Cboe Clear Europe cleared 397.8 million trades in the third quarter of 2026, compared with 329.3 million in the prior-year quarter; nine-month cleared trades were 1,255.0 million versus 1,142.3 million. source
• Cboe FX ADNV was $61.1 billion in the third quarter of 2026, compared with $49.9 billion in the prior-year quarter; nine-month ADNV was $64.0 billion versus $52.6 billion. source
• Cboe Options ADV was 70.0 million contracts in the third quarter of 2026, compared with 60.8 million in the third quarter of 2025; nine-month ADV was 70.6 million versus 58.8 million. source
• Cboe U.S. equities exchange matched shares averaged 1.5 billion in the third quarter of 2026, compared with 1.7 billion in the prior-year quarter; nine-month ADV was 1.8 billion in both periods. source
• Cboe Canadian equities matched-share ADV was 158.8 million in the third quarter of 2026, compared with 163.8 million in the prior-year quarter; nine-month ADV was 186.6 million versus 158.0 million. source
• Cboe Europe matched ADNV was €12.4 billion in the third quarter of 2026, compared with €11.7 billion in the prior-year quarter; nine-month matched ADNV was €15.0 billion versus €13.0 billion. source
• Cboe total Options revenue per contract was $0.307 in the third quarter of 2026, compared with $0.281 in the prior-year quarter; nine-month RPC was $0.322 versus $0.289. source

Impact estimates