Citable filing context
CBOE's research view summarizes recent SEC filing context, starting with earnings from Jul 31, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 31, 2026 | earnings | Cboe Global Markets reported Q2 2026 net revenue of $731.6 million and diluted EPS of $3.35. |
| Jul 28, 2026 | debt_offering | Cboe entered into a $400 million five-year senior unsecured revolving credit facility, expandable to $600 million. |
| Jun 26, 2026 | debt_offering | Cboe amended its Cboe Clear Europe credit facility, maintaining a €1.2 billion commitment and extending the term to 2027. |
| Jul 31, 2026 | Guidance: adjusted_operating_expenses | 838.00 to 853.00 |
| Jul 31, 2026 | Guidance: capital_expenditures | 98.00 to 108.00 |
| Jul 31, 2026 | Guidance: data_vantage_organic_net_revenue_growth | not reported to not reported |
| Jul 31, 2026 | mda_quarterly | Cboe Global Markets reported strong financial performance for the first half of 2026, with total revenues increasing 15% to $2.7 billion and net income rising 52% to $738.8 million compared to the prior-year period. Growth was primarily driven by robust transaction and clearing fees in the Options segment, fueled by a 31% increase in index options average daily volume (ADV) and a 14% rise in multi-listed options ADV. The company is currently executing a strategic realignment initiated in late 2025 to sharpen its focus. Key actions include the wind down of its Japanese equities business and the Cboe Europe Derivatives (CEDX) exchange, as well as the pending $300 million sale of its Cboe Australia and Cboe Canada businesses to TMX, expected to close in the third quarter of 2026. Additionally, Cboe launched "Cboe Predicts," a new suite of binary option contracts based on the Mini-S&P 500 Index. Liquidity remains solid, with approximately $2.7 billion in available capital to support operations, dividends, and share repurchases. However, management noted risks regarding the upcoming maturity of $650 million in Senior Notes in January 2027 and the potential expiration of the Cboe Clear Europe credit facility, which may require refinancing under uncertain market conditions. |
| May 1, 2026 | mda_quarterly | Cboe Global Markets reported strong first-quarter 2026 results, with total revenue rising 7% to $1.27 billion and operating income surging 43% to $505.6 million. Performance was primarily driven by the Options segment, where index options average daily volume (ADV) grew 29%, bolstered by the company’s proprietary SPX and VIX products. The company also benefited from a 20% increase in matched shares in North American Equities and a 36% rise in Global FX average daily notional value. Strategic restructuring remains a key theme. Cboe initiated the wind-down of its European derivatives platform (CEDX) in early 2026 and reached a definitive agreement to sell its Cboe Australia and Cboe Canada businesses to TMX Group for approximately $300 million. These moves reflect a shift toward core, high-growth derivatives markets. Financially, the company saw a significant reduction in cost of revenues, largely due to the elimination of Section 31 regulatory fees. Operating expenses rose 6% to $223.3 million, primarily due to increased compensation and benefits. Cboe maintains a solid liquidity position with $2.5 billion in available capital, supporting ongoing share repurchases and operational needs, though management noted potential risks regarding the upcoming maturity of its 3.650% Senior Notes in January 2027. |
Source: SEC EDGAR filing text and events; period Jul 31, 2026; filed Jul 31, 2026.
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