earnings
confidence high
sentiment positive
materiality 0.70
Cboe Global Markets Q3 2021: adjusted EPS up 31%, net revenue up 27%
Cboe Global Markets, Inc.
2021-Q3 EPS reported
$3.38
revenue$2,628,400,000
- Diluted EPS $1.12 (up 11%); adjusted diluted EPS $1.45 (up 31%) on net revenue of $369.5M (+27%).
- Quarterly dividend raised 14% to $0.48/share, the 11th consecutive annual increase.
- Recurring non-transaction revenue organic growth target raised to ~14% (from 12-13%); adjusted OpEx guidance raised to $536-541M.
- Options net revenue $192.2M (+30%) driven by 23% ADV increase and 16% RPC increase.
- Plans to enter digital assets via ErisX acquisition; 24x5 trading in SPX/VIX options launching November 2021.