earnings
confidence high
sentiment positive
materiality 0.80
Cboe Q3 EPS $2.85 record (+38% YoY); raises revenue guidance; begins selling AU/CAN exchanges
Cboe Global Markets, Inc.
2025-Q3 EPS reported
$7.45
revenue$3,510,200,000
- Record diluted EPS $2.85 (+38% YoY), adjusted EPS $2.67 (+20%); net revenue $605.5M (+14%).
- Raises 2025 organic total net revenue growth to 'low double-digit to mid-teens'; lowers adjusted opex guidance to $827-842M.
- Initiates sales of Cboe Australia and Cboe Canada; exits U.S./Eur corporate listings; expects ~3% revenue reduction, 8-10% opex cut annualized.
- Options net rev record $380.8M (+19%); N.A. Equities $103.5M (+6%); Futures $29.6M (-22%) on lower ADV.
- Dividend of $0.72/share paid in Q3; $614.5M remaining on buyback authorization.
item 2.02item 9.01