earnings
confidence high
sentiment positive
materiality 0.72
Cboe Q2 2024: Record net revenue $513.8M (+10%); adj. EPS $2.15 (+21%); raises revenue guidance
Cboe Global Markets, Inc.
2024-Q2 EPS reported
$3.29
revenue$1,931,200,000
- GAAP diluted EPS $1.33 (down 15%) includes $81M Digital intangible impairment; adjusted diluted EPS $2.15 (up 21%).
- Record net revenue $513.8M (+10%); raised organic revenue growth guidance to 6-8% from 5-7% range.
- Segment: Options $306.7M (+8%), N.A. Equities $98.3M (+8%), Europe/APAC $54.3M (+15%), Futures $34.8M (+19%), Global FX $19.8M (+11%).
- Repurchased $90.4M in shares in Q2 ($180M H1); paid $0.55 dividend; adjusted EBITDA margin 67% for H1.
- Digital spot market wound down with $81M impairment; reaffirmed adjusted opex guidance $795-805M.