---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-006370"
form_type: "8-K"
ticker: "CBOE"
cik: "0001374310"
company_name: "Cboe Global Markets, Inc."
filed_at: "2022-04-29T23:59:59+00:00"
generated_at: "2026-06-26T02:32:08.099559+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Cboe Q1 adjusted EPS $1.73 (+13% YoY), net revenue $418M (+14%); raises Data & Access growth guidance

## Summary
- GAAP diluted EPS $1.02 (down 20% YoY) due to $48.5M tax reserve from Section 199 litigation; adjusted diluted EPS $1.73 (up 13%).
- Net revenue of $418M up 14%; Options segment net revenue up 21% to $219M on 27% index options volume growth.
- Data & Access Solutions organic net revenue growth target raised to 8-11% from 7-10%; reaffirms total organic net revenue growth 5-7%.
- Adjusted operating expense guidance reaffirmed at $617-625M; ErisX (Q2 close) and NEO (Q2/Q3) add $30-35M expenses.
- Effective tax rate on adjusted earnings 29.0%; GAAP rate 51.3% due to unfavorable Tax Court decision on Section 199.

## SEC filing metadata
- accession: 0001558370-22-006370
- form_type: 8-K
- ticker: CBOE
- cik: 0001374310
- company_name: Cboe Global Markets, Inc.
- filed_at: 2022-04-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1374310/000155837022006370/0001558370-22-006370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1374310/000155837022006370/cboe-20220429x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-006370
- JSON: https://secwatch.observer/filing/0001558370-22-006370.json
- Plain text: https://secwatch.observer/filing/0001558370-22-006370.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.