earnings
confidence high
sentiment positive
materiality 0.70
Cboe Q2 adj. EPS $1.78 beats $1.67; net revenue up 10% to $467.1M; guidance raised
Cboe Global Markets, Inc.
2023-Q2 EPS reported
$3.20
revenue$1,896,000,000
- GAAP diluted EPS $1.57; adjusted diluted EPS $1.78 (+7% YoY).
- Net revenue $467.1M (+10% YoY) driven by Options (+20%) and Data & Access (+9%).
- Index options ADV up 38% YoY; Cboe FX record market share of 19.5%.
- 2023 adjusted opex guidance lowered to $766-774M from $769-779M; expects higher end of 7-9% organic net revenue growth.
- Paid $0.50/share dividend and repurchased ~$8.1M of stock in Q2.