CBOE · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

Cboe Global Markets, Inc. · 2026-10-30 · Importance 53 · Surprise 48

Income tax provision increased 21.1% to $397.7 million for the nine months ended September 30, 2026, from $328.4 million in the prior-year period, while third-quarter provision decreased to $126.3 million from $129.3 million. The nine-month effective tax provision was approximately 25.4% of income before tax, compared with approximately 29.5% in 2025. Adjusted earnings reflected a $6.6 million benefit from state rate changes and a $6.6 million reduction related to deferred tax remeasurements for the nine-month period. The company also recorded an $11.4 million tax-reserve adjustment in its adjusted earnings reconciliation.

Key facts

• Cboe’s income tax provision was $397.7 million for the nine months ended September 30, 2026, compared with $328.4 million in the prior-year period. source
• Cboe’s income tax provision was $126.3 million for the third quarter of 2026, compared with $129.3 million in the third quarter of 2025. source
• The effective tax rate from continuing operations was 22.8% for the three months ended September 30, 2026, compared with 30.1% in 2025, and 25.4% for the nine months ended September 30, 2026, compared with 29.5% in 2025. source
• The lower effective tax rate in the three and nine months ended September 30, 2026 was primarily due to the nontaxable gain on the Cboe Australia divestiture. source