ES
MARKETS / CBOE / CBOE
CBOE · SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES · LARGE CAP

Cboe Global Markets, Inc. CBOE

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY11 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$4.7B
▲ 15.1% vs FY2024
Dividend streak
11 yrs
Raised every year since 2015
EPS · FY25
$10.42
Dividend / sh · FY25
$2.70
Payout · FY25
26%
ROE · FY25
23.4%
Net margin · FY25
23.3%
Dividend coverage
3.9×
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Result
USD 4.7B
Revenue, FY2025 · full 17-year series below
Revenue Net income
2464.71.12009201220152018202120242025
2464.71.12016201920222025

23 cents of every revenue dollar became profit this year.

Per share
USD 10.42
Diluted EPS, FY2025
EPS Dividend
48122.7010.422009201220152018202120242025
48122.7010.422016201920222025

Earnings covered the dividend 3.9 times — the rest stayed in the company.

Profitability
23.4%
Return on equity, FY2025
ROE
25507510023.4%2009201220152018202120242025
25507510023.4%2016201920222025
Operating margin31.1%
Net margin23.3%
Return on assets12.9%

Each USD of equity produced 23 cents of profit this year.

Returned to shareholders
USD 351.0M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 284.3M
Net buybacksUSD 66.7M
Share of profit31.9%
Consecutive raises11 years

USD 284.3M in dividends and USD 66.7M in buybacks — 32% of the year's profit went back to shareholders.

Growth
+6.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+6.0%
+6.6%
+21.7%
+17.2%
Net income
+67.3%
+18.6%
+18.3%
+17.4%
EPS, diluted
+68.2%
+19.5%
+15.5%
+16.7%
Dividend / share
+11.3%
+11.6%
+11.9%
Returned to shareholders
+4.2%
−7.5%
+5.5%
+7.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2025
0.080.102009201220152018202120242025
0.080.102016201920222025
Change, 5 years−2.5%
Change, 10 years+27.5%

The share count shrank 2% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 9.3B
total assets, end of FY2025
Total assetsUSD 9.3B
EquityUSD 5.1B
CashUSD 2.2B
Gross debtUSD 1.4B
Net debtUSD -773.6M
Current ratio1.87×

The company holds more cash than debt.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
4.7
4.1
3.8
4.0
3.5
3.4
2.5
2.8
2.2
0.7
0.7
0.6
0.6
0.5
0.5
0.4
0.4
Operating income $B
1.5
1.1
1.1
0.5
0.8
0.7
0.5
0.6
0.4
0.3
0.3
0.3
0.3
0.2
0.2
0.2
0.2
EBITDA $B
1.6
1.2
1.2
0.7
1.0
0.8
0.7
0.8
0.6
0.3
0.4
·
·
·
·
·
·
Income tax $B
0.5
0.3
0.3
0.2
0.2
0.2
0.1
0.1
−0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
Net income $B
1.1
0.8
0.8
0.2
0.5
0.5
0.4
0.4
0.4
0.2
0.2
0.2
0.2
0.2
0.1
0.1
0.1
EPS, diluted $
10.42
7.21
7.13
2.19
4.92
4.27
3.34
3.76
3.69
2.27
2.46
2.21
1.99
1.78
1.52
1.03
1.17
Dividend / sh $
2.70
2.36
2.10
1.96
1.80
1.56
1.34
1.16
1.04
0.96
0.88
0.78
·
·
·
·
·
Payout %
26
33
29
89
37
36
40
31
29
42
36
·
·
30
0
114
·
ROE %
23.4
18.5
20.4
6.6
15.2
14.0
11.4
13.4
23.4
64.7
80.4
71.0
67.2
65.8
·
·
·
Shares out B
0.10
0.10
0.11
0.11
0.11
0.11
0.11
0.11
0.11
0.08
0.08
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
60 of 60
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed