Zacks Investment Research·Jun 29, 2026
Best Growth Stocks to Buy for June 29thCLS, CBOE, and CNC it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 29, 2026.
Cboe Global Markets, Inc.(CBOE)Earnings, Financials & Key Ratios
CBOE•AMEX
$247.72
23.8× P/E·Price updated Jul 2, 2026
SectorFinancial ServicesIndustryFinancial Data & ExchangesSub-IndustryExchanges, Clearing and Trading Venues
AboutCboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and ETP listing services. The Futures segment trades in futures. The Europe and Asia Pacific segment offers pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transactions services. The company has strategic relationships with S&P Dow Jones Indices, LLC; FTSE International Limited; Frank Russell Company; MSCI Inc.; and DJI Opco, LLC. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.Show more
- EBITDA$1.64B+32.9%
- Net Income$1.1B+43.8%
- EPS (Diluted)10.42+44.5%
- Gross Margin48.93%-3.3%
- EBITDA Margin34.71%+15.4%
- Operating Margin32.12%+19.7%
- Net Margin23.33%+24.9%
- ROE23.36%+26.2%
CBOE Price & Volume
Cboe Global Markets, Inc. (CBOE) stock price & volume — 10-year historical chart
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Proprietary Index Growth Drives Cboe Margin Expansion
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Regulatory 0DTE volume constraints
Key Thesis Takeaways
- Cboe Global Markets is successfully leveraging its proprietary index options and 0DTE trading strategies to drive significant top-line growth, as evidenced by the 54.4% year-over-year EPS increase reported in 2026Q1.
- While the firm maintains a fortress balance sheet with $2.2 billion in cash, investors should monitor the $4.4 billion in goodwill and potential regulatory risks surrounding high-margin volume segments.
- The company's ability to maintain a 39.7% operating margin suggests a sustainable competitive advantage, though future performance remains sensitive to cyclical trading volumes and clearinghouse working capital requirements.
Verdict Logic
while the firm demonstrates strong earnings quality with a 39.7% operating margin, the current 23.18 P/E ratio and sensitivity to regulatory constraints on 0DTE volumes warrant a cautious valuation approach.
CBOE Growth Metrics
Cboe Global Markets, Inc. (CBOE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years22.21%
5 Years6.59%
3 Years6%
TTM-
Profit CAGR
10 Years18.29%
5 Years18.63%
3 Years67.28%
TTM53.24%
EPS CAGR
10 Years15.53%
5 Years19.53%
3 Years67.94%
TTM53.47%
Return on Capital
10 Years21.79%
5 Years16.42%
3 Years19.49%
Last Year22.71%
CBOE Recent Earnings
Cboe Global Markets, Inc. (CBOE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
May 1, 2026Metric
Actual
Est
EPS
$3.70+10.8%
$3.34
Rev
$729M+5.7%
$690M
Q1 2026
Feb 6, 2026Metric
Actual
Est
EPS
$3.06+4.1%
$2.94
Rev
$671M+1.8%
$660M
Q4 2025
Oct 31, 2025Metric
Actual
Est
EPS
$2.67+5.5%
$2.53
Rev
$1.1B+82.9%
$624M
Q3 2025
Aug 1, 2025Metric
Actual
Est
EPS
$2.46+1.7%
$2.42
Rev
$1.2B+104.3%
$574M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 1, 2026 | $3.70vs $3.34+10.8% | $729Mvs $690M+5.7% |
| Q1 2026 | Feb 6, 2026 | $3.06vs $2.94+4.1% | $671Mvs $660M+1.8% |
| Q4 2025 | Oct 31, 2025 | $2.67vs $2.53+5.5% | $1.1Bvs $624M+82.9% |
| Q3 2025 | Aug 1, 2025 | $2.46vs $2.42+1.7% | $1.2Bvs $574M+104.3% |
Based on last 12 quarters of dataView full earnings history →
Latest CBOE News
Recent stock market news and headlines for Cboe Global Markets, Inc. (CBOE)
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Is CBOE (CBOE) a Solid Growth Stock? 3 Reasons to Think "Yes"CBOE (CBOE) could produce exceptional returns because of its solid growth attributes.
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Peers Comparison
Key metrics vs top competitors for Cboe Global Markets, Inc. (CBOE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $247.72 | $25.92B | 23.77 | 15.13% | 23.33% | 23.36% | 1.09% | |
| $231.00 | $83.81B | 20.70 | 6.37% | 62.77% | 15.25% | — | |
| $126.73 | $71.67B | 21.96 | 7.46% | 29.98% | 13.54% | — | |
| $82.73 | $47.03B | 26.77 | 11.05% | 23.15% | 15.9% | — | |
| $114.49 | $4.07B | 17.19 | 3.82% | 35.34% | 24.02% | — | |
| $582.03 | $42.37B | 37.41 | 9.74% | 40.74% | — | — |
Compare CBOE vs Peers
Cboe Global Markets, Inc. (CBOE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CBOE SEC Filings & Documents
Cboe Global Markets, Inc. (CBOE) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 18, 2026·SEC
Material company update
Feb 6, 2026·SEC
Material company update
Jan 26, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
6Get notified when CBOE posts new earnings or crosses analyst targets
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CBOE Frequently Asked Questions
Cboe Global Markets, Inc. (CBOE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Cboe Global Markets, Inc.'s revenue?
Cboe Global Markets, Inc. (CBOE) reported $4.79B in revenue for fiscal year 2025.
How fast is Cboe Global Markets, Inc. growing?
Cboe Global Markets, Inc. (CBOE) grew revenue by 15.1% over the past year. This is strong growth.
Is CBOE profitable?
Yes, Cboe Global Markets, Inc. (CBOE) is profitable, generating $1.24B in net income for fiscal year 2025 (23.3% net margin).
Dividend & Returns
Does CBOE pay dividends?
Yes, Cboe Global Markets, Inc. (CBOE) pays a dividend with a yield of 1.09%. This makes it attractive for income-focused investors.
What is CBOE's return on equity?
Cboe Global Markets, Inc. (CBOE) has a return on equity (ROE) of 23.4%. This is excellent, indicating efficient use of shareholder capital.
What is Cboe Global Markets, Inc.'s free cash flow?
Cboe Global Markets, Inc. (CBOE) generated $975.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.