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Companies / Financials / Cboe Global Markets
CBOE

Cboe Global Markets

FinancialsBanks & BrokersS&P 500
Ticker CBOECHICAGO, ILFiscal year ends DecemberBook value per share $53.58Diluted shares 105.0M

Cboe Global Markets, Inc. (CBOE: NASDAQ) operates as the world's leading derivatives and securities exchange network, delivering trading, clearing, and investment solutions across multiple asset classes and geographic regions. The company's website is www.cboe.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$4.71BFY2025
+15.1% year over year
Last 12 mo $5.06B
31.12%FY2025
+4.3 percentage points
Last 12 mo 34.69%
$1.10BFY2025
+43.8% year over year
Last 12 mo $1.35B
22.05%FY2025
+2.8 percentage points
Last 12 mo 24.05%
Cash & financing
$1.75BFY2025
+59.2% year over year
Last 12 mo $1.96B
$1.68BFY2025
+61.7% year over year
Last 12 mo $1.87B
0.60FY2025
Was 0.34× a year earlier
Last 12 mo 0.26
105.1MFY2025
−0.4% year over year
Last 12 mo 105.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Cboe Global Markets does

In the company’s own words

Cboe Global Markets, Inc. (CBOE: NASDAQ) operates as the world's leading derivatives and securities exchange network, delivering trading, clearing, and investment solutions across multiple asset classes and geographic regions. The company's website is www.cboe.com.

The company operates through five reportable business segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes index options, equity options, and exchange-traded product options traded across Cboe Options, C2, BZX, EDGX, and other U.S. exchanges, along with associated market data revenues. North American Equities encompasses U.S. equities and exchange-traded product transaction services on fully electronic exchanges operated by BZX, BYX, EDGX, and EDGA, block trading through BIDS Trading, and Canadian equities services through Cboe Canada. The Europe and Asia Pacific segment includes pan-European derivatives and equities transaction services, exchange-traded product listings, clearing activities through Cboe Clear Europe, and Australian equities services. The Futures segment provides transaction services through CFE, a fully electronic futures exchange offering VIX futures and other products, along with Cboe Digital Exchange and Cboe Clear U.S. operations. Global FX includes institutional foreign exchange trading services and U.S. government securities trading.

Cboe's core proprietary products include SPX options on the S&P 500 Index and VIX options and futures, which represent flagship revenue drivers. The company also operates Cboe Data Vantage, a diversified market data and analytics business providing real-time quotation information, proprietary indices, risk analytics, and connectivity services to market participants globally.

The company serves financial institutions, trading platforms, institutional and individual investors, professional traders, hedge funds, asset managers, and proprietary trading firms. Cboe operates exchanges and trading venues across North America, Europe, and Asia Pacific, with significant market infrastructure presence in Chicago, London, Amsterdam, Toronto, and Sydney. The company maintains geographically diverse disaster recovery facilities and operates the Cboe Titanium technology platform, a unified, high-performance exchange infrastructure supporting options, futures, and equities markets worldwide with low latency and high reliability characteristics.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
CHICAGO, IL
Fiscal year end
December
CIK
1374310
SIC
6200

Financial performance, year by year

Fiscal 2013–2025 · USD
$-506.13M$1.01B$2.53B$4.05B$5.57B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Cboe Global Markets — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

767
funds hold it
1 of 35
superinvestors hold it
$10.17B
held by funds, at market
36.7%
of shares held by funds
3
bond issues held by funds

Superinvestors in Cboe Global Markets · what they did last quarter

Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Cboe Global Markets’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.25%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.05%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.04%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Cboe Global Markets’s bonds, as funds hold them

Funds report holding 3 issues of Cboe Global Markets’s debt, $125.67M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.69%, maturing 2027 to 2032.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Cboe Global Markets and its peers compare on margins and cash generation over ten years?”
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