secwatch.observer — SEC 8-K summary
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Issuer:     Cboe Global Markets, Inc. (CBOE)
CIK:        0001374310
Form:       8-K
Filed at:   2022-04-29T23:59:59+00:00
Accession:  0001558370-22-006370
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374310/000155837022006370/0001558370-22-006370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374310/000155837022006370/cboe-20220429x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-006370

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