Cboe Global Markets Reports Record Q3 2026 Results & Raises Full-Year Revenue Guidance

Overview

On October 30, 2026, Cboe Global Markets, Inc. filed a Current Report on Form 8-K under Item 2.02 (Results of Operations and Financial Condition), furnishing its press release for third-quarter 2026 financial results ended September 30, 2026.

Key Financial Highlights

• Net Revenue (Revenues Less Cost of Revenues): Reached $712.2 million, an increase of 18% compared to $605.5 million in Q3 2025.
• Diluted EPS: Record diluted earnings per share of $4.08, up 43% from $2.85 in Q3 2025.
• Adjusted Diluted EPS: $3.63, an increase of 36% compared to $2.67 in Q3 2025.
• Operating Income: Rose 44% year-over-year to $534.3 million (adjusted operating income up 29% to $508.2 million).
• Operating Margin: Expanded to 75.0% (adjusted operating margin of 71.4%).
• Net Income Allocated to Common Stockholders: $426.7 million, up 43% year-over-year.

Operational & Strategic Developments

• Derivatives Performance: Derivatives net revenue increased 22%, driven by a 24% increase in index options average daily volume and record zero-days-to-expiration (0DTE) trading activity.
• Cash, Spot Markets & Data: Cash and Spot Markets net revenue rose 12%; Data Vantage generated record quarterly net revenue, up 13% YoY.
• License Extension: Extended its exclusive S&P licensing agreement through 2051, ensuring long-term continuity for flagship SPX and VIX franchises.
• Product Innovation: Advanced Cboe Predicts and received SEC approvals for listing and clearing company-KPI event contracts ahead of a planned November rollout.

Updated 2026 Full-Year Guidance

• Organic Total Net Revenue Growth: Raised to 'high teens' from 'mid to high teens'.
• Cboe Data Vantage Organic Net Revenue Growth: Increased to 'mid teens' from 'low teens'.
• Adjusted Operating Expenses: Lowered to $830 to $845 million, down from prior guidance of $838 to $853 million.