---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-017499"
form_type: "8-K"
ticker: "CBOE"
cik: "0001374310"
company_name: "Cboe Global Markets, Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:12:42.405158+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cboe Q3 EPS $1.95 (+38% YoY), record adj. EPS $2.06; raises expense guidance lower

## Summary
- 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%).

## SEC filing metadata
- accession: 0001558370-23-017499
- form_type: 8-K
- ticker: CBOE
- cik: 0001374310
- company_name: Cboe Global Markets, Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1374310/000155837023017499/0001558370-23-017499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1374310/000155837023017499/cboe-20231103x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-017499
- JSON: https://secwatch.observer/filing/0001558370-23-017499.json
- Plain text: https://secwatch.observer/filing/0001558370-23-017499.txt

## Key facts
- Earnings Releases
  Cboe Global Markets, Inc. reported the quarter ended September 30, 2023 results: revenue $480.5 million, net income $207.1 million, EPS $1.95. Guidance reaffirmed.
  - Period: the quarter ended September 30, 2023
  - Revenue: $480.5 million
  - Net income: $207.1 million
  - EPS: $1.95
  - Guidance: reaffirmed
  - Result: reported results
  source text: Cboe Global Markets Reports Results for Third Quarter 2023 Third Quarter Highlights* ● Diluted EPS for the Quarter of $1.95, Up 38 percent ● Record Adjusted Diluted EPS1 for the Quarter of $2.06, Up 18 percent ● Record Net Revenue for the Quarter of $480.5 million, Up 9 percent ● Reaffirms High End of Organic Total Net Revenue Growth 2 Range of 7 to 9 percent in 2023; Reaffirms Data and Access Solutions Organic Net Revenue Growth Target 2 of 7 to 10 percent ● Decreases 2023 Adjusted Operating Expense Guidance 2 to $754 to $762 million, from $766 to $774 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1374310/000155837023017499/0001558370-23-017499-index.htm

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