---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-037143"
form_type: "8-K"
ticker: "CBOE"
cik: "0001374310"
company_name: "Cboe Global Markets, Inc."
filed_at: "2025-08-01T23:59:59+00:00"
generated_at: "2026-05-17T21:47:22.674767+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cboe Q2 record net revenue $587.3M (+14% YoY); raises revenue growth target, lowers expense guidance

## Summary
- Diluted EPS $2.23 (GAAP, +68% YoY); adjusted diluted EPS $2.46 (+14% YoY).
- Options net revenue record $364.8M (+19%); Global FX record $23.6M (+19%).
- Raises 2025 organic total net revenue growth target to high single digits from mid-to-high single digits.
- Lowers 2025 adjusted operating expense guidance to $832-847M (from $837-852M).
- Announced wind-down of Japanese equities business, with immaterial 2025 impact; normalized savings $10-12M annually.

## SEC filing metadata
- accession: 0001628280-25-037143
- form_type: 8-K
- ticker: CBOE
- cik: 0001374310
- company_name: Cboe Global Markets, Inc.
- filed_at: 2025-08-01T23:59:59+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/1374310/000162828025037143/0001628280-25-037143-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1374310/000162828025037143/cboe-20250801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-037143
- JSON: https://secwatch.observer/filing/0001628280-25-037143.json
- Plain text: https://secwatch.observer/filing/0001628280-25-037143.txt

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