Cboe Global Markets, Inc. (CBOE): restructuring charge — Cboe Q1 record EPS $3.66 (+54%); raises revenue guidance, announces restructuring with 20% workforce cut

Cboe Global Markets, Inc.

2026-Q1 EPS reported $3.66 revenue$1,272,800,000

Net revenue $728.9M (+29% YoY); diluted EPS $3.66 (+54%); adjusted diluted EPS $3.70 (+48%).
Options net revenue record $467.6M (+33%) on 10% ADV growth; index options ADV up 29%.
Raised 2026 organic net revenue growth guidance to 'low double-digit to mid-teens' from 'mid single-digit'.
Restructuring charges $36M-$46M for severance; annual pre-tax savings $40M-$50M; workforce reduction ~20%.
Lowered 2026 adj. operating expense guidance to $838-$853M; Data Vantage growth guidance raised to 'low double-digit'.

item 2.02 item 2.05 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Cboe Global Markets, Inc. reported the quarter ended March 31, 2026 results: revenue $728.9 million, net income $384.1 million, EPS $3.66. Guidance raised.

Period: the quarter ended March 31, 2026
Revenue: $728.9 million
Net income: $384.1 million
EPS: $3.66
Guidance: raised
Result: reported results

Exact text from the filing

• Record Diluted EPS for the Quarter of $3.66, Up 54 percent • Record Adjusted Diluted EPS 1 for the Quarter of $3.70, Up 48 percent • Record Net Revenue for the Quarter of $728.9 million, Up 29 percent • Increases 2026 Organic Total Net Revenue Growth Target 2 to 'low double-digit to mid-teens' from 'mid single-digit' and Cboe Data Vantage 3 Organic Net Revenue

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Cboe Global Markets, Inc. announced a restructuring with charges of approximately $36 million to $46 million (approximately 20%).

Type: restructuring
Charge: approximately $36 million to $46 million
Headcount: approximately 20%

Exact text from the filing

In connection with these additional actions related to the Company’s strategic realignment, the Company expects to incur pre-tax restructuring charges of approximately $36 million to $46 million, primarily for severance payments and related costs. The majority of these costs are expected to be incurred beginning in the second quarter of 2026 through the fourth quarter of 2026. The Company anticipates annualized pre-tax cost savings related to these additional actions related to the Company’s strategic realignment of approximately $40 million to $50 million and anticipates realizing $20 million to $25 million of savings in 2026. The actions associated with the elimination of positions are subject to local law and consultation requirements in certain countries, which may extend this process beyond the end of 2026. When these additional strategic realignment actions are combined with the Company’s earlier actions to sell, wind down, and optimize certain businesses, the Company expects to

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Source: SEC EDGAR

accession 0001628280-26-029103

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