Cboe Global Markets Q4 Earnings Exceed Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2026
0mins
Should l Buy CBOE?
Source: seekingalpha
- Strong Earnings Report: Cboe Global Markets reported a Q4 non-GAAP EPS of $3.06, beating expectations by $0.11, which underscores the company's robust profitability and reinforces investor confidence in its future performance.
- Significant Revenue Growth: The company achieved Q4 revenue of $671.1 million, reflecting a 28.0% year-over-year increase and surpassing market expectations by $8.87 million, indicating its competitive strength and successful business expansion.
- Future Growth Targets: Cboe has established a 2026 organic total net revenue growth target of 'mid single-digit' and an organic net revenue growth target for Cboe Data Vantage of 'mid to high single-digit', signaling a positive outlook on future market opportunities.
- Expense Guidance Adjustment: The company anticipates adjusted operating expenses for 2026 to be between $864 million and $879 million, which will help investors better understand its cost management strategies and profitability expectations.
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Analyst Views on CBOE
Wall Street analysts forecast CBOE stock price to rise
13 Analyst Rating
3 Buy
8 Hold
2 Sell
Hold
Current: 270.600
Low
230.00
Averages
274.55
High
310.00
Current: 270.600
Low
230.00
Averages
274.55
High
310.00
About CBOE
Cboe Global Markets, Inc. is a provider of derivatives and securities exchange networks, and delivers trading, clearing and investment solutions to customers. The Company operates through six segments. The Options segment includes options on market indices (index options), as well as on the stocks of individual corporations (equity options). The North American Equities segment includes United States equities and ETP transaction services. The Europe and Asia Pacific segments include the pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts. The Futures segment includes transaction services provided by Cboe Futures Exchange, LLC (CFE), an electronic futures exchange that offers trading of VIX futures and other futures products. The Global FX segment includes institutional FX trading services. The Digital segment includes a regulated futures exchange (Cboe Digital Exchange) and a regulated clearinghouse.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transaction Details Disclosure: The repurchased shares were acquired at prices ranging from 587.00 to 603.00 pence, with a volume-weighted average price of 596.46 pence, reflecting the company's agility in responding to market fluctuations.
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- Compliance Adherence: This transaction complies with EU Regulation No. 596/2014, ensuring transparency and regulatory adherence, further solidifying the company's reputation in the market.
See More
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- Strategic Realignment Focus: CEO Craig Donohue emphasized a shift in focus away from certain areas to concentrate resources on core businesses and emerging opportunities, aiming to enhance overall operational efficiency and market competitiveness through optimized resource allocation.
- Future Outlook and Guidance: Cboe anticipates mid- to high single-digit organic net revenue growth for Data Vantage in 2026, with adjusted operating expense guidance set between $864 million and $879 million, reflecting the company's confidence in future growth and its responsiveness to market changes.
- Leadership Changes: Cboe announced the appointments of new COO Scott Johnston and head of Cash and Spot Markets Heidi Fischer, indicating a continued strengthening of leadership to support future strategic execution and market expansion.
See More
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- Option Extension Approval: Shareholders approved the extension of certain outstanding stock options' expiry dates from 2025 to 2027 with 97.347% support, aimed at enhancing employee incentives and stabilizing management.
- Voting Exclusion Circumstances: Certain shareholders were excluded from voting on the option extension due to potential benefits, ensuring the fairness and transparency of the voting process, which demonstrates the company's cautious approach to governance.
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