earnings
confidence high
sentiment positive
materiality 0.80
Cboe Q3 EPS $1.95 (+38% YoY), record adj. EPS $2.06; raises expense guidance lower
Cboe Global Markets, Inc.
2023-Q3 EPS reported
$5.15
revenue$2,804,800,000
- Net revenue $480.5M (+9% YoY); options segment net rev $290.8M (+14%) on 28% index options volume growth.
- Lowered 2023 adj. operating expense guidance to $754-762M from $766-774M; reaffirms high end of 7-9% organic net rev growth.
- GAAP diluted EPS $1.95 (+38%), adj. diluted EPS $2.06 (+18%) – new record.
- Board increased share repurchase authorization by $250M on Oct 26, total available ~$389.8M as of Oct 31.
- Global FX market share record 20.2% (17.8% year ago); Cboe FX ADNV $44.4B (+8%).