Cboe Global Markets Reports Record Earnings, Bullish on Derivatives Growth
Cboe Global Markets closed 2025 with historic financial performance, posting a 60% surge in Q4 diluted EPS to $2.97 and record annual revenue of $2.4 billion. The derivatives-heavy exchange operator outperformed Wall Street expectations, with adjusted EPS reaching $3.06 for the quarter—a 46% year-over-year gain.
Index and multi-listed options drove volume growth, reinforcing Cboe's position as a leader in exchange innovation. Management projects mid single-digit organic revenue growth through 2026, building on a track record of S&P 500-beating returns. The stock dipped slightly in premarket trading after closing at $275.28, up 1.5%.