secwatch.observer — SEC 8-K summary
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Issuer:     Cboe Global Markets, Inc. (CBOE)
CIK:        0001374310
Form:       8-K
Filed at:   2025-10-31T23:59:59+00:00
Accession:  0001628280-25-047668
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1374310/000162828025047668/0001628280-25-047668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1374310/000162828025047668/cboe-20251031.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-047668

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