YouTube · Q1 2026 · 2026-04-22
CBOE · Cboe US
Cboe Global Markets, Inc.
Financial Data & Stock Exchanges · United States
USD 275.64-0.7% daily changeQuote 2026-10-06 · USD
- Market cap (USD)
- US$28.79B
- Trailing P/E
- 21.48x
- Forward P/E
- 18.17x
- Quarterly revenue growth
- 22.9%
- Trailing net margin
- 26.7%
- Indicated dividend yield
- 1.2%
Snapshot 2026-10-06 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Next earnings: 2026-10-30 (provider estimate, not issuer-confirmed).
Company background
Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers trading, clearing, and investment solutions in the United States and internationally. It operates through five segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, stocks of individual corporations, and exchange-traded products (ETPs), such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs). This segment also offers trading in listed options through a single system. The North American Equities segment comprises U.S. equities and ETP transaction services. This segment also includes listing services on Cboe Canada, ETP listings on BZX, the Cboe Global Markets, Inc. common stock listing, and applicable market data. The Europe and Asia Pacific segment provides pan-European derivatives transaction services; ETPs, including exchange-traded funds, exchange-traded notes, and exchange-traded commodities; international depository receipts; and an ETP listings business on regulated markets and clearing activities, as well as equities services. The Futures segment offers transaction services, including trading in VIX futures and other futures products, the licensing of proprietary market data, and access and capacity services. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transaction services. The company also provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across North America, Europe, and Asia Pacific. It has strategic relationships with S&P Dow Jones Indices, LLC; Frank Russell Company; and FTSE International Limited. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.
Company websiteQ1 2026
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Comparable businesses
CBOE peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | CBOECboe Global Markets, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | MSCIMSCI Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | COINCoinbase Global, Inc.Snapshot 2026-10-06Financial period: 2026-06-30 | Peer medianSimilar-size peers only |
|---|---|---|---|---|
| Market capMarket value, converted to USD | US$28.79B | US$40.17B | US$50.28B | US$45.22Bn=2 |
| Forward P/EProvider forward earnings estimate | 18.17x | 24.58x | 67.17x | 45.88xn=2 |
| EV / EBITDAEnterprise value / trailing EBITDA | 14.61x | 23.62x | 67.96x | 45.79xn=2 |
| Revenue growthLatest quarter vs prior-year quarter | 22.9% | 12.2% | -17.3% | -2.5%n=2 |
| Operating marginLatest reported quarter | 34.6% | 56.3% | -13.9% | 21.2%n=2 |
| Free cash flow yieldTrailing cash flow / market cap | 2.4% | 3.0% | 5.3% | 4.1%n=2 |
| Net debt / EBITDANet debt / trailing EBITDA | -0.40x | 3.16x | -3.03x | 0.06xn=2 |
| Debt / equityTotal debt / positive book equity | 0.28x | — | 0.51x | — |
| Trailing P/ETrailing twelve-month earnings | 21.48x | 30.19x | — | — |
| Price / bookPrice / positive book equity per share | 5.12x | — | 3.84x | — |
| EV / salesEnterprise value / trailing revenue | 5.57x | 13.90x | 7.87x | 10.88xn=2 |
| Earnings growthLatest quarter vs prior-year quarter | 50.2% | 19.6% | — | — |
| Gross marginTrailing twelve months | 54.1% | 83.0% | 85.8% | 84.4%n=2 |
| Net marginTrailing twelve months | 26.7% | 40.7% | -16.3% | 12.2%n=2 |
| Return on equityProvider trailing return; positive equity only | 26.3% | — | -7.8% | — |
| Free cash flow marginTrailing free cash flow / revenue | 13.4% | 35.8% | 44.2% | 40.0%n=2 |
| Dividend yieldIndicated annual dividend / price | 1.2% | 1.5% | — | — |
| Earnings payoutProvider trailing dividend payout | 22.4% | 42.1% | 0.0% | 21.0%n=2 |
| Current ratioCurrent assets / current liabilities | 1.56x | 0.89x | 2.42x | 1.66xn=2 |
| BetaProvider historical market sensitivity | 0.41 | 1.24 | 3.41 | 2.32n=2 |
YouTube · Q1 2026 · 2026-04-22
YouTube · Q1 2026 · 2026-05-08
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
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Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
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Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for CBOE
Q1 20262026-05-02
CBOE Stock: Revenue Beats, EPS Misses — Q1 2026
Presentation · 2026-05-02 · YouTube