CBOE · 10-Q · 2026Q3 · Full report
Revenue Performance and Mix
Cboe Global Markets, Inc. · 2026-10-30 · Importance 54 · Surprise 40 · No source text
Total revenue increased 19% to $1,358.8 million for the three months ended September 30, 2026, and increased 16% to $4,074.4 million for the nine months, compared with the respective 2025 periods. Third-quarter revenue growth reflected a higher Section 31 fee rate effective April 2026 and increased Cboe options volumes, partly offset by lower Cboe U.S. equities volumes. Nine-month revenue gains included derivatives markets growth of $321.3 million, cash and spot markets growth of $170.3 million, and Data Vantage growth of $72.6 million. Options generated $2,144.9 million of nine-month revenue, North American Equities $1,397.9 million, and Europe and Asia Pacific $340.6 million; Futures revenue was $103.2 million and Global FX revenue was $87.8 million.
Key facts
- Cboe net income was $428.2 million for the third quarter of 2026, compared with $300.8 million in the third quarter of 2025. source
- Cboe net income was $1,167.0 million for the nine months ended September 30, 2026, compared with $786.5 million in the prior-year period. source
- For the nine months ended September 30, 2026, Cboe revenues less cost of revenues were $2,172.7 million, up $414.7 million from $1,758.0 million in the prior-year period. source
- Cboe organic net revenue was $2,152.4 million for the nine months ended September 30, 2026, compared with $1,736.5 million in the prior-year period. source
- Revenues less cost of revenues increased $414.7 million, or 24%, for the nine months ended September 30, 2026. source
- For the third quarter of 2026, Cboe total revenues were $1,358.8 million, up $217.1 million from $1,141.7 million in the third quarter of 2025. source
- For the nine months ended September 30, 2026, Cboe total revenues were $4,074.4 million, up $564.2 million from $3,510.2 million in the prior-year period. source
- For the third quarter of 2026, Cboe revenues less cost of revenues were $712.2 million, up $106.7 million from $605.5 million in the third quarter of 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +41.5% | For the nine months ended September 30, 2026, Cboe total revenues were $4,074.4 million, up $564.2 million from $3,510.2 million in the… |
| net_income | positive | realized | +28.0% | Cboe net income was $1,167.0 million for the nine months ended September 30, 2026, compared with $786.5 million in the prior-year period. |
| revenue | positive | realized | +16.0% | For the third quarter of 2026, Cboe total revenues were $1,358.8 million, up $217.1 million from $1,141.7 million in the third quarter of… |
| net_income | positive | realized | +9.4% | Cboe net income was $428.2 million for the third quarter of 2026, compared with $300.8 million in the third quarter of 2025. |