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CBOE

Cboe Global Markets, Inc.

CBOE

CBOE·Financial Services·Financial - Data & Stock Exchanges·Mkt cap $25.9B

$248.99

+0.51%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$227.15 - $371.18

P/E

21.26

Fwd P/E

22.03

Beta

0.40

Div Yield

1.16%

Avg Vol

1.3M

Shares Out

104.7M

Mkt Cap

$25.9B

Price action

Price chart

Up 7.1% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • First-mover advantage in options exchanges
  • Global multi-asset trading platform
  • Strategic index partnerships
  • Advanced trading technology infrastructure

Bear Case

2 risks

  • Low volatility (beta 0.4).
  • Premium valuation to Financial Data & Infrastructure peers

Growth

Revenue decline expected

Expanding global trading volumes

Value

Premium valuation to Financial Data & Infrastructure peers

Momentum

Weak

-14.6% over 3m

Quality

Strong

Excellent business quality

Dividend

Modest

1.16% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 30, 2026

Q2 26 RECAP

MAY 1, 2026

Reported EPS of $3.70 vs $3.34 consensus (+10.8% surprise). Revenue of $728.9M vs $689.7M expected (+5.7%). Beat on both top and bottom lines.

EPS beat +10.8%
Rev beat +5.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+10.8%

Next: Apr 30, 2026

Revenue trend · last 8Q

+15%

+25%

+21%

+8%

+10%

+7%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$961.2M

$1.0B

$1.1B

$1.2B

$1.2B

$1.1B

$1.2B

$1.3B

Margins · last 8Q

Gross

52.6%

Operating

39.7%

Profit

30.3%

Wall Street consensus

6 analysts · 33% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

2

33%

Hold

3

50%

Sell

1

17%

Median Price Target

$321.00

+28.9% vs $248.99

Low $273.00
Median $321.00
High $382.00

Latest: TD Cowen · Jun 2, 2026

4 analysts covering

vs Industry

How CBOE stacks vs Financial - Data & Stock Exchanges

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.