earnings
confidence high
sentiment positive
materiality 0.80
Cboe reports record Q1 2023 net revenue $471.4M (+13% YoY); adj. EPS $1.90 (+10%)
Cboe Global Markets, Inc.
2023-Q1 EPS reported
$1.63
revenue$988,200,000
- Diluted EPS $1.63 (+60% YoY); adjusted diluted EPS $1.90 (+10% YoY).
- Net revenue $471.4M (record, +13% YoY); Options segment revenue $280.7M (+28%).
- Index options ADV up 49% YoY; total options RPC up 27% on mix shift to higher-priced SPX.
- Reaffirmed 2023 organic total net revenue growth 7-9% and adj. OPEX guidance $769-779M.
- Global FX net revenue $18.5M (+8%); Cboe FX market share record 19.0%.