CBOE · 10-Q · 2026Q3

Cboe Global Markets, Inc.

Filed 2026-10-30 · Financials · View original filing on EDGAR

Everything CBOE's SEC filings said, ranked

Ranked Events

• Regulatory Fee ChangesImportance 77 · Surprise 82
  An April 2026 rate change raised the Section 31 fee to $20.60 per million dollars of covered sales, from an average of $0 in the third quarter of 2025. For the nine months ended September 30, 2026, the average rate was…
• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Net cash provided by operating activities for the nine months ended September 30, 2026 was $2,273.9 million, up $873.4 million, or 62.4%, from $1,400.5 million in the prior-year period. The increase primarily reflected…
• Interest Rate and Refinancing ExposureImportance 66 · Surprise 48
  As of September 30, 2026, Cboe had $1,444.3 million of total debt, including $650.0 million of 3.650% Senior Notes maturing in January 2027. The Cboe Clear Europe Credit Facility is expected to terminate within the…
• Credit Facility OutlookImportance 66 · Surprise 48
  Cboe Clear Europe has a €1.20 billion committed syndicated multicurrency revolving and swingline facility, available to finance settlement amounts and other liabilities or liquidity needs of its clearing system. The…
• Trading RevenueImportance 66 · Surprise 40
  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…
• Operating Margin DriversImportance 64 · Surprise 56
  Third-quarter operating income increased $164.0 million year over year to $534.3 million, and operating margin rose 13.8 percentage points to 75.0%. For the first nine months, operating income increased $452.6 million…
• Strategic Realignment ActionsImportance 59 · Surprise 82
  On May 1, 2026, Cboe announced additional strategic realignment actions to optimize resource allocation, with substantial completion expected by the end of 2026. Strategic realignment costs were $16.7 million in the…
• FX / Currency ImpactImportance 57 · Surprise 64
  For the nine months ended September 30, 2026, foreign currency exchange rate changes reduced cash, cash equivalents, and restricted cash by $55.7 million. In the comparable 2025 period, exchange rate changes increased…
• Value-Added Services GrowthImportance 54 · Surprise 40
  Data Vantage revenue increased $20.5 million to $182.6 million in the third quarter and $72.6 million to $545.5 million for the first nine months of 2026. Higher access and capacity fees reflected increased logical and…
• Revenue Performance and MixImportance 54 · Surprise 40
  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…
• Income Tax Rate ChangesImportance 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…
• Acquisitions and DivestituresImportance 53 · Surprise 60
  Cboe announced a definitive agreement on April 22, 2026, to sell Cboe Australia and Cboe Canada to TMX Group Limited for approximately $300 million, subject to customary closing conditions and regulatory approvals. The…
• Market Demand TrendsImportance 49 · Surprise 48
  For the nine months ended September 30, 2026, Options market average daily volume rose 11.8% year over year to 70.6 million contracts, with index contract ADV up 27.1% to 6.1 million. European equities matched average…
• Licensing / Collaboration DealsImportance 41 · Surprise 42
  On September 29, 2026, Cboe announced a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices, continuing the collaboration through 2051. The agreement preserves Cboe’s exclusive rights to…
• Geographic Market CommentaryImportance 39 · Surprise 40
  Cboe European equities matched ADNV increased 15% in the first nine months of 2026, supporting higher net transaction and clearing fees in Europe and Asia Pacific. Cboe Clear Europe net settlement volume grew 19% in…
• Operating Expense TrendsImportance 39 · Surprise 32
  Total operating expenses increased $14.2 million, or 6%, to $249.4 million in the third quarter and $33.6 million, or 5%, to $728.3 million for the first nine months of 2026. Nine-month compensation and benefits rose…
• Share Repurchase ProgramImportance 38 · Surprise 24
  Cboe’s share repurchase authorization totaled $2.3 billion, with $480.7 million remaining available at September 30, 2026. In the third quarter of 2026, the company repurchased 210,667 shares at an average price of…
• Balance Sheet and LiquidityImportance 37 · Surprise 6
  At September 30, 2026, Cboe reported $2,662.6 million of cash and cash equivalents and $57.4 million of cash included in assets held for sale; adjusted cash was $2,720.5 million. Total debt was $1,444.3 million,…
• Cboe Predicts Product LaunchImportance 31 · Surprise 42
  Cboe launched the first products in its Cboe Predicts suite on June 23, 2026: binary option contracts based on the Mini-S&P 500 Index (XSP), listed under symbols XSPBW and XSPBX on Cboe Options and centrally cleared by…
• Competition and Market ShareImportance 25 · Surprise 32
  Cboe’s total Options market share declined 0.8 percentage points year over year to 29.9% for the first nine months of 2026, and multi-listed options share fell 1.4 points to 23.3%. European equities market share was…

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