earnings
confidence high
sentiment positive
materiality 0.75
Cboe Q1 net revenue record $502M (+7%); adj EPS $2.15 (+13%); raises revenue guidance
Cboe Global Markets, Inc.
2024-Q1 EPS reported
$1.96
revenue$957,200,000
- Net revenue $502.1M (+7% YoY), diluted EPS $1.96 (+20%), adjusted diluted EPS $2.15 (+13%).
- Options segment net revenue $307.4M (+10%) on 14% index options volume growth.
- Digital asset business realigned: wind down spot market; annualized expense savings $11-15M.
- FY2024 guidance: organic net revenue growth expected at higher end of 5-7%; adj opex guidance lowered to $795-805M.
- Repurchased ~490k shares for $89.3M in Q1; $294.8M remaining authorization.