Cboe Global Markets

Financials Financial Exchanges & Data Chicago, Illinois Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$4.7B
                    3y CAGR +6.0%
                    
                    P10
                    
                    n/a
                    
                    Net income
                    FY2025
                
$1.1B
                    Net margin +23.3%
                    
                    P43
                    
                    n/a
                    
                    Total assets
                    FY2025
                
$9.3B
                    ROA +11.8%
                    
                    P89
                    
                    n/a
                    
                    Operating cash flow
                    FY2025
                
$1.8B
                    FCF margin +35.7%
                    
                    P62
                    
                    n/a

17 yrs · FY2009–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Balance Sheet

Assets, liabilities, and equity

29 accounts · 1 year

Total assets $9.3B

Total liabilities $4.2B

Shareholders equity $5.1B

Account	2025	Trend
Assets
Cash and Cash Equivalents	$2.2B
Short Term Investments	$36.1M
Accounts Receivable	$391.4M
Other Current Assets	$1.8B
Total Current Assets	$4.4B
Operating Lease Assets	$111.0M
Goodwill	$3.2B
Intangible Assets	$1.3B
Long Term Investments	$32.4M
Other Noncurrent Assets	$292.8M
Total Assets	$9.3B
Liabilities
Accounts Payable	$686.9M
Accrued Liabilities	$50.3M
Deferred Revenue	$6.9M
Other Current Liabilities	$1.6B
Total Current Liabilities	$2.4B
Long Term Debt	$1.4B
Operating Lease Liabilities Noncurrent	$120.9M
Deferred Tax Liabilities	$185.3M
Other Noncurrent Liabilities	$55.6M
Total Liabilities	$4.2B
Equity
Preferred Stock	$0
Common Stock	$1.0M
Additional Paid In Capital	$1.6B
Retained Earnings	$3.5B
Treasury Stock	$1.5M
Accumulated Other Comprehensive Income	$30.1M
Total Stockholders Equity	$5.1B
Total Liabilitiesand Equity	$9.3B

Income Statement

Revenue, expense, and profitability

21 accounts · 1 year

Revenue $4.7B

Operating income $1.5B

Net income $1.1B

Account	2025	Trend
IncomeStatement
Revenues Total Revenue	$4.7B
Expenses Cost of Revenue	$2.3B
Other Income Expense Gross Profit	$2.4B
Expenses Selling,General and Administrative	$768.2M
Expenses Depreciation and Amortization	$122.4M
Expenses Restructuring and Asset Impairment	$46.7M
Expenses Other Operating Expenses	$24.7M
Expenses Operating Expenses	$962.0M
Other Income Expense Operating Income	$1.5B
Other Income Expense Interest Income	$142.2M
Other Income Expense Interest Expense	$52.3M
Other Income Expense Other Income/expense	$9.6M
Other Income Expense Income Before Tax	$1.6B
Income Tax Income Tax Expense	$466.6M
net Income Other Items Below Tax	$-5.2M
net Income net Income	$1.1B
net Income Comprehensive Income	$1.2B
Earnings Per Share Basic Eps	$10
Earnings Per Share Diluted Eps	$10
Earnings Per Share Weighted Average Shares Basic	$104.7M
Earnings Per Share Weighted Average Shares Diluted	$105.1M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 1 year

Operating cash flow $1.8B

Investing cash flow $450.2M

Financing cash flow $-371.6M

Account	2025	Trend
CashFlow
Operating Activities net Income	$1.1B
Operating Activities Depreciation and Amortization	$122.4M
Operating Activities Stock Based Compensation	$50.4M
Operating Activities Deferred Income Taxes	$-8.4M
Operating Activities Changes In Operating Assets and Liabilities	$528.6M
Operating Activities Other Non Cash Items	$-40.4M
Operating Activities net Cash From Operating Activities	$1.8B
Investing Activities Capital Expenditures	$-71.0M
Investing Activities Purchases of Investments	$-177.3M
Investing Activities Proceeds From Sale of Investments	$689.9M
Investing Activities Other Investing Activities	$8.6M
Investing Activities net Cash From Investing Activities	$450.2M
Financing Activities Repayment of Debt	$0
Financing Activities Repurchase of Common Stock	$-66.7M
Financing Activities Dividends Paid	$-284.3M
Financing Activities Tax Withholding On Stock Based Compensation	$-29.8M
Financing Activities Other Financing Activities	$9.2M
Financing Activities net Cash From Financing Activities	$-371.6M
Cash Reconciliation Effect of Exchange Rate On Cash	$271.8M
Cash Reconciliation net Change In Cash	$2.1B

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 1 year

Ratio	2025
Profitability
Gross margin	+51.5%
Operating margin	+31.1%
Net margin	+23.3%
FCF margin	+35.7%
Growth
Revenue CAGR (3y)	+6.0%
Returns
ROE	+21.4%
ROA	+11.8%
ROIC	+23.6%
Liquidity
Current ratio	1.87x
Quick ratio	1.10x
Leverage
D/E	0.81x
Interest coverage	28.05x
Efficiency
Asset turnover	0.51x
Cash conversion cycle	—

Valuation

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FY2025 fundamentals · no price

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Cboe Global Markets

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