---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-047668"
form_type: "8-K"
ticker: "CBOE"
cik: "0001374310"
company_name: "Cboe Global Markets, Inc."
filed_at: "2025-10-31T23:59:59+00:00"
generated_at: "2026-05-17T01:05:13.354601+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cboe Q3 EPS $2.85 record (+38% YoY); raises revenue guidance; begins selling AU/CAN exchanges

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-047668
- form_type: 8-K
- ticker: CBOE
- cik: 0001374310
- company_name: Cboe Global Markets, Inc.
- filed_at: 2025-10-31T23:59:59+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/1374310/000162828025047668/0001628280-25-047668-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1374310/000162828025047668/cboe-20251031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-047668
- JSON: https://secwatch.observer/filing/0001628280-25-047668.json
- Plain text: https://secwatch.observer/filing/0001628280-25-047668.txt

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