Cboe Global Markets (CBOE) Financials

$231.58 +3.16 (+1.38%)

As of 05/23/2025 04:00 PM Eastern

Annual Income Statements for Cboe Global Markets

This table shows Cboe Global Markets' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	761	758	234	527	467	373	422	397	185	204
Consolidated Net Income / (Loss)	765	761	235	529	468	371	425	401	186	205
Net Income / (Loss) Continuing Operations	765	761	235	529	468	371	425	401	186	205
Total Pre-Tax Income	1,084	1,048	433	756	660	501	571	334	307	324
Total Operating Income	1,098	1,058	490	806	662	537	599	372	298	320
Total Gross Profit	1,610	1,918	1,742	1,476	1,254	1,137	988	794	566	562
Total Revenue	4,095	3,774	3,959	3,495	3,427	2,496	2,769	2,229	703	664
Operating Revenue	4,095	3,774	3,959	3,495	3,427	2,496	2,769	2,229	703	644
Total Cost of Revenue	2,485	1,856	2,217	2,019	2,173	1,359	1,781	1,435	137	100
Operating Cost of Revenue	2,485	1,856	2,217	2,019	2,173	1,359	1,781	1,435	137	100
Total Operating Expenses	512	860	1,252	670	592	600	389	422	268	242
Selling, General & Admin Expense	226	631	556	455	364	352	130	118	194	182
Depreciation Expense	133	158	167	167	159	177	204	192	44	46
Other Operating Expenses / (Income)	70	63	49	32	24	23	25	28	17	14
Impairment Charge	81	0.00	461	0.00	0.00	-	-	-	-	-
Restructuring Charge	1.30	7.40	20	16	45	49	30	84	14	0.00
Total Other Income / (Expense), net	-15	-10	-57	-51	-1.80	-36	-28	-38	8.40	4.10
Interest Expense	52	62	60	48	-	-	-	-	-	-
Interest & Investment Income	56	52	11	0.60	-38	-36	-38	-41	-5.70	0.00
Other Income / (Expense), net	-19	0.60	-7.50	-3.40	36	0.10	10	3.80	14	4.10
Income Tax Expense	319	286	198	227	192	131	146	-66	121	119
Net Income / (Loss) Attributable to Noncontrolling Interest	3.90	3.90	0.90	1.70	1.20	-2.40	1.80	2.80	-0.30	0.90
Basic Earnings per Share	$7.24	$7.16	$2.20	$4.93	$4.28	$3.35	$3.78	$3.70	$2.27	$2.46
Weighted Average Basic Shares Outstanding	105.10M	105.80M	106.30M	107M	109.10M	111.40M	111.80M	107.20M	81.40M	83.10M
Diluted Earnings per Share	$7.21	$7.13	$2.19	$4.92	$4.27	$3.34	$3.76	$3.69	$2.27	$2.46
Weighted Average Diluted Shares Outstanding	105.50M	106.20M	106.70M	107.20M	109.30M	111.80M	112.20M	107.50M	81.40M	83.10M
Weighted Average Basic & Diluted Shares Outstanding	104.70M	105.58M	105.74M	106.60M	107.21M	110.44M	111.60M	112.70M	81.29M	81.80M
Cash Dividends to Common per Share	$2.36	$2.10	$1.96	$1.80	$1.56	$1.34	$1.16	$1.04	$0.96	$0.88

This table shows Cboe Global Markets' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	249	196	217	140	208	211	207	167	173	160	150
Consolidated Net Income / (Loss)	251	197	219	140	210	212	208	168	173	160	150
Net Income / (Loss) Continuing Operations	251	197	219	140	210	212	208	168	173	160	150
Total Pre-Tax Income	350	280	309	203	292	288	270	242	248	236	229
Total Operating Income	354	299	307	210	282	294	271	245	248	251	237
Total Gross Profit	449	178	532	398	502	499	481	467	471	559	340
Total Revenue	1,195	1,108	1,056	974	957	969	909	908	988	1,005	994
Operating Revenue	1,195	1,108	1,056	974	957	969	909	908	988	1,005	994
Total Cost of Revenue	746	929	524	576	455	470	428	441	517	446	653
Operating Cost of Revenue	746	929	524	576	455	470	428	441	517	446	653
Total Operating Expenses	95	-120	225	188	220	205	209	222	224	309	104
Selling, General & Admin Expense	52	-175	174	59	168	153	155	162	162	247	48
Depreciation Expense	30	32	32	32	37	38	39	40	41	45	41
Other Operating Expenses / (Income)	13	23	19	15	14	15	15	20	14	15	12
Restructuring Charge	0.20	0.10	0.00	0.60	0.60	-0.50	0.80	0.70	6.40	2.00	1.60
Total Other Income / (Expense), net	-3.70	-19	1.60	-7.10	9.70	-6.50	-1.10	-3.00	0.30	-15	-7.80
Interest Expense	13	13	13	13	13	13	15	17	17	-	16
Interest & Investment Income	5.10	7.00	12	19	18	8.30	14	12	17	35	0.80
Other Income / (Expense), net	4.00	-13	2.00	-13	4.60	-1.60	0.50	1.60	0.10	-6.20	7.50
Income Tax Expense	100	83	91	63	83	76	62	74	75	76	79
Preferred Stock Dividends Declared	1.20	-	-	-	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	1.20	0.90	1.10	0.70	1.20	1.20	1.10	0.80	0.80	-0.10	0.60
Basic Earnings per Share	$2.38	$1.86	$2.08	$1.33	$1.97	$1.99	$1.96	$1.58	$1.63	$1.51	$1.41
Weighted Average Basic Shares Outstanding	104.70M	105.10M	104.70M	105.10M	105.60M	105.80M	105.70M	105.70M	105.90M	106.30M	106.20M
Diluted Earnings per Share	$2.37	$1.85	$2.07	$1.33	$1.96	$1.98	$1.95	$1.57	$1.63	$1.50	$1.41
Weighted Average Diluted Shares Outstanding	105.10M	105.50M	105.10M	105.40M	106.10M	106.20M	106.10M	106.10M	106.20M	106.70M	106.40M
Weighted Average Basic & Diluted Shares Outstanding	104.71M	104.70M	104.69M	104.63M	105.15M	105.58M	105.56M	105.52M	105.57M	105.74M	106.08M
Cash Dividends to Common per Share	$0.63	-	$0.63	$0.55	$0.55	-	-	$0.50	$0.50	-	$0.50

This table details how cash moves in and out of Cboe Global Markets' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	369	417	-112	35	828	-46	132	46	-5.00	-46
Net Cash From Operating Activities	1,101	1,076	651	597	1,459	633	535	374	230	245
Net Cash From Continuing Operating Activities	1,101	1,076	651	597	1,459	633	535	374	230	245
Net Income / (Loss) Continuing Operations	765	761	235	529	468	371	425	401	186	205
Consolidated Net Income / (Loss)	765	761	235	529	468	371	425	401	186	205
Depreciation Expense	133	158	167	167	159	177	204	192	44	46
Amortization Expense	2.30	2.60	2.40	2.20	2.00	2.20	2.50	3.60	0.00	0.00
Non-Cash Adjustments To Reconcile Net Income	331	195	381	-145	72	84	9.10	27	12	12
Changes in Operating Assets and Liabilities, net	-131	-41	-134	43	759	-0.40	-106	-249	-12	-18
Net Cash From Investing Activities	-142	-55	-835	-353	-431	-16	-26	-1,437	-84	-79
Net Cash From Continuing Investing Activities	-142	-55	-835	-353	-431	-16	-26	-1,437	-84	-79
Purchase of Property, Plant & Equipment	-61	-45	-60	-51	-47	-35	-36	-38	-44	-39
Acquisitions	0.00	0.00	-708	-152	-352	0.00	0.00	-1,414	-16	-3.00
Purchase of Investments	-156	-147	-119	-311	-235	-109	-166	-140	0.00	0.00
Sale of Property, Plant & Equipment	4.00	0.00	0.00	-	-	-	-	-	-	-
Divestitures	0.10	0.80	0.00	0.00	-	0.00	-	-	-	-
Sale and/or Maturity of Investments	71	136	52	160	203	98	179	155	0.00	0.00
Other Investing Activities, net	0.10	0.30	0.00	0.60	0.50	30	-1.80	0.00	-24	-37
Net Cash From Financing Activities	-495	-656	82	-200	-202	-663	-372	1,100	-150	-212
Net Cash From Continuing Financing Activities	-495	-656	82	-200	-202	-663	-372	1,100	-150	-212
Repayment of Debt	0.00	-305	-225	-20	-230	-350	-364	-702	-8.20	0.00
Repurchase of Common Equity	-205	-84	-101	-81	-349	-157	-141	0.00	-61	-132
Payment of Dividends	-249	-224	-209	-193	-171	-150	-130	-118	-79	-73
Issuance of Debt	0.00	0.00	664	110	564	0.00	339	1,944	0.00	0.00
Issuance of Common Equity	8.60	-17	-0.60	-0.40	0.00	-	-	-	-	-
Other Financing Activities, net	-49	-27	-46	-15	-16	-6.00	-75	-24	-3.00	-5.90
Effect of Exchange Rate Changes	-95	53	-10	-9.10	1.60	-	-	8.60	0.00	0.00
Cash Interest Paid	100	57	51	42	29	33	39	27	0.00	0.00
Cash Income Taxes Paid	362	286	271	210	192	135	213	177	142	134

This table details how cash moves in and out of Cboe Global Markets' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	904	-1,036	-546	1,263	689	-335	595	-756	913	-407	22
Net Cash From Operating Activities	913	-710	-579	1,494	896	-189	737	-503	1,031	-144	169
Net Cash From Continuing Operating Activities	913	-710	-579	1,494	896	-189	737	-512	1,040	-144	169
Net Income / (Loss) Continuing Operations	251	197	219	140	210	212	208	168	173	160	150
Consolidated Net Income / (Loss)	251	197	219	140	210	212	208	168	173	160	150
Depreciation Expense	30	32	32	32	37	38	39	40	41	45	41
Amortization Expense	0.60	0.50	0.60	0.60	0.60	0.70	0.60	0.60	0.70	0.70	0.60
Non-Cash Adjustments To Reconcile Net Income	642	-924	-830	1,363	721	-457	517	-695	830	-100	-78
Changes in Operating Assets and Liabilities, net	-10	-16	0.20	-42	-73	17	-28	-26	-5.00	-249	56
Net Cash From Investing Activities	-20	-127	35	-37	-13	-38	26	-45	1.90	-91	28
Net Cash From Continuing Investing Activities	-20	-127	35	-37	-13	-38	26	-45	1.90	-91	28
Purchase of Property, Plant & Equipment	-15	-24	-12	-18	-7.30	-17	-7.70	-7.80	-12	-27	-10
Purchase of Investments	-80	-106	-	-23	-27	-21	-38	-39	-49	-64	-1.80
Divestitures	0.30	-3.30	0.10	3.30	0.00	-	-	-	0.80	-	-
Sale and/or Maturity of Investments	70	2.80	47	-	21	-	71	-	64	1.40	41
Other Investing Activities, net	4.60	-	-	-	0.10	0.30	-	2.10	-2.10	-	-
Net Cash From Financing Activities	-115	-71	-78	-178	-169	-143	-165	-208	-141	-193	-161
Net Cash From Continuing Financing Activities	-115	-71	-78	-178	-169	-143	-165	-208	-141	-193	-161
Repurchase of Common Equity	-30	-0.50	-26	-101	-77	-5.80	-	-8.10	-70	-15	-
Payment of Dividends	-66	-66	-66	-58	-59	-59	-59	-53	-53	-53	-53
Issuance of Common Equity	4.80	-2.40	16	-0.40	-5.00	-0.90	-15	-0.60	-0.30	-0.20	-0.20
Other Financing Activities, net	-23	-7.40	-1.80	-12	-29	-2.30	-1.50	-5.60	-18	-4.10	-7.50
Effect of Exchange Rate Changes	126	-129	75	-16	-25	35	-2.60	-0.80	21	21	-15
Cash Interest Paid	27	18	20	45	17	6.30	12	17	21	-1.40	7.40
Cash Income Taxes Paid	8.00	91	93	102	77	83	74	120	9.30	77	60

This table presents Cboe Global Markets' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	7,789	7,488	6,999	6,815	6,517	5,114	5,321	5,266	477	385
Total Current Assets	2,479	1,979	1,556	1,531	1,567	608	684	435	235	204
Cash & Equivalents	920	543	433	342	245	229	275	144	97	102
Short-Term Investments	110	58	92	37	92	71	36	47	0.00	-
Accounts Receivable	445	337	370	327	337	235	287	217	77	63
Current Deferred & Refundable Income Taxes	74	75	48	43	53	57	70	17	54	28
Other Current Assets	930	967	614	783	839	16	15	9.40	7.40	6.31
Plant, Property, & Equipment, net	0.00	0.00	2.30	2.30	0.00	0.00	4.90	4.90	4.90	60
Total Noncurrent Assets	5,310	5,508	5,441	5,281	4,950	4,506	4,632	4,826	237	120
Long-Term Investments	384	345	253	246	43	61	86	83	73	-
Goodwill	3,124	3,141	3,123	3,025	2,895	2,682	2,691	2,707	27	7.66
Intangible Assets	1,377	1,562	1,663	1,669	1,729	1,590	1,720	1,903	8.70	2.38
Other Noncurrent Operating Assets	425	461	402	341	283	173	135	133	129	67
Total Liabilities & Shareholders' Equity	7,789	7,488	6,999	6,815	6,517	5,114	5,321	5,266	477	385
Total Liabilities	3,510	3,503	3,534	3,210	3,168	1,758	2,071	2,146	146	125
Total Current Liabilities	1,395	1,383	1,477	1,169	1,313	282	596	334	90	74
Short-Term Debt	0.00	12	329	64	84	2.20	304	57	0.00	2.00
Accounts Payable	360	413	420	295	250	172	199	154	82	60
Customer Deposits	846	849	543	746	812	0.00	-	-	-	-
Current Deferred Revenue	6.40	5.90	12	15	10	4.50	8.50	15	3.10	4.02
Current Deferred & Payable Income Tax Liabilities	1.60	1.00	3.50	8.20	4.20	4.00	4.10	2.60	0.00	1.63
Other Current Liabilities	182	103	170	41	153	99	81	106	4.40	-
Total Noncurrent Liabilities	2,114	2,119	2,056	2,040	1,854	1,477	1,475	1,812	56	51
Long-Term Debt	1,441	1,439	1,437	1,299	1,135	868	916	1,238	0.00	-
Noncurrent Deferred Revenue	305	244	196	198	165	136	115	79	52	40
Noncurrent Deferred & Payable Income Tax Liabilities	187	218	223	373	378	400	437	488	0.00	5.31
Other Noncurrent Operating Liabilities	182	218	200	171	177	74	7.40	6.80	4.20	4.26
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Total Equity & Noncontrolling Interests	4,280	3,985	3,465	3,605	3,349	3,356	3,241	3,111	318	260
Total Preferred & Common Equity	4,280	3,985	3,465	3,605	3,349	3,356	3,241	3,111	318	260
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,280	3,985	3,465	3,605	3,349	3,356	3,241	3,111	318	260
Common Stock	1,514	1,480	1,456	1,511	2,715	2,693	2,661	2,625	140	125
Retained Earnings	2,816	2,525	2,171	2,146	1,810	1,513	1,288	993	711	604
Treasury Stock	-1.40	-11	-131	-107	-1,250	-887	-720	-558	-532	-468
Accumulated Other Comprehensive Income / (Loss)	-48	-9.40	-31	56	75	38	12	51	-0.80	-0.82

This table presents Cboe Global Markets' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	8,667	8,712	9,256	8,152	7,733	7,196	7,904	7,297
Total Current Assets	3,362	3,318	3,900	2,675	2,278	1,744	2,458	1,897
Cash & Equivalents	1,047	763	615	536	403	414	436	353
Short-Term Investments	106	39	84	59	34	104	80	27
Accounts Receivable	493	376	373	370	359	364	393	380
Current Deferred & Refundable Income Taxes	1.40	47	35	6.80	60	38	4.50	40
Other Current Assets	1,714	2,092	2,794	1,703	1,421	825	1,544	1,097
Plant, Property, & Equipment, net	119	0.00	0.00	106	0.00	2.30	2.30	0.00
Total Noncurrent Assets	5,186	5,394	5,356	5,371	5,455	5,449	5,443	5,400
Long-Term Investments	383	358	360	362	343	294	270	254
Goodwill	3,132	3,151	3,133	3,134	3,125	3,138	3,128	3,114
Intangible Assets	1,368	1,425	1,425	1,527	1,571	1,614	1,637	1,666
Other Noncurrent Operating Assets	303	460	439	349	416	402	409	367
Total Liabilities & Shareholders' Equity	8,667	8,712	9,256	8,152	7,733	7,196	7,904	7,297
Total Liabilities	4,215	4,503	5,234	4,128	3,944	3,532	4,365	4,004
Total Current Liabilities	2,098	2,390	3,159	2,007	1,850	1,468	2,304	1,545
Accounts Payable	299	305	291	305	376	391	368	401
Current Deferred Revenue	13	6.00	9.90	13	9.10	14	22	16
Current Deferred & Payable Income Tax Liabilities	7.80	0.00	0.00	0.00	0.00	0.00	19	0.00
Other Current Liabilities	1,778	2,079	128	1,681	52	165	117	62
Total Noncurrent Liabilities	2,117	2,113	2,075	2,121	2,095	2,063	2,061	2,458
Long-Term Debt	1,442	1,441	1,440	1,440	1,439	1,438	1,438	1,860
Noncurrent Deferred Revenue	324	287	271	257	234	224	211	185
Noncurrent Deferred & Payable Income Tax Liabilities	183	197	195	214	213	206	211	239
Other Noncurrent Operating Liabilities	169	189	169	210	209	195	202	175
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,452	4,208	4,022	4,024	3,788	3,664	3,539	3,294
Total Preferred & Common Equity	4,452	4,208	4,022	4,024	3,788	3,664	3,539	3,294
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	4,452	4,208	4,022	4,024	3,788	3,664	3,539	3,294
Common Stock	1,531	1,523	1,507	1,496	1,507	1,483	1,473	1,534
Retained Earnings	3,000	2,911	2,758	2,676	2,556	2,406	2,291	2,065
Treasury Stock	-54	-243	-217	-125	-223	-222	-214	-201
Accumulated Other Comprehensive Income / (Loss)	-25	18	-26	-23	-51	-2.40	-12	-104

This table displays calculated financial ratios and metrics derived from Cboe Global Markets' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.51%	-4.67%	13.27%	1.98%	37.30%	-19.70%	48.42%	434.08%	5.92%	7.55%
EBITDA Growth	-0.39%	87.18%	-33.00%	13.23%	-60.04%	-36.70%	237.31%	273.90%	116.64%	4.66%
EBIT Growth	1.94%	119.56%	-39.93%	14.97%	-56.70%	-35.49%	1,159.84%	-119.55%	280.79%	3.25%
NOPAT Growth	0.82%	189.29%	-52.86%	20.10%	18.17%	-55.48%	0.00%	1,180.04%	-32.30%	5.29%
Net Income Growth	0.46%	224.00%	-55.58%	12.99%	26.27%	-38.38%	18.42%	347.17%	-18.83%	8.06%
EPS Growth	1.12%	225.57%	-55.49%	15.22%	27.84%	-33.51%	5.69%	125.11%	-15.45%	11.31%
Operating Cash Flow Growth	2.32%	65.20%	9.10%	-59.09%	130.53%	55.04%	128.45%	189.20%	-19.20%	-6.61%
Free Cash Flow Firm Growth	30.88%	372.46%	-62.01%	-89.82%	-84.71%	0.00%	0.00%	-31,812.96%	-225.17%	3.14%
Invested Capital Growth	-4.09%	0.81%	2.55%	3.72%	-45.81%	-205.11%	-150.79%	3,504.30%	113.52%	13.86%
Revenue Q/Q Growth	3.51%	-0.95%	3.62%	0.64%	33.88%	-7.13%	9.61%	457.97%	-17.39%	2.90%
EBITDA Q/Q Growth	-1.05%	3.52%	4.32%	9.62%	1.56%	-74.69%	-12.34%	314.16%	254.12%	-1.55%
EBIT Q/Q Growth	-0.63%	4.76%	5.24%	11.68%	2.27%	-31.22%	39.50%	-113.48%	147.57%	-2.11%
NOPAT Q/Q Growth	-0.87%	6.45%	-2.37%	16.27%	1.52%	-138.04%	0.00%	464.05%	-56.41%	-1.57%
Net Income Q/Q Growth	-1.99%	7.38%	-2.57%	17.45%	0.45%	-37.64%	-65.47%	494.25%	-28.76%	0.51%
EPS Q/Q Growth	-1.77%	7.22%	-2.23%	17.70%	0.95%	-36.32%	-71.20%	505.46%	-28.20%	1.23%
Operating Cash Flow Q/Q Growth	-32.15%	-4.05%	513.67%	-61.62%	2.22%	5.36%	30.32%	185.86%	2,114.66%	-46.30%
Free Cash Flow Firm Q/Q Growth	15.64%	-1.44%	29.52%	334.08%	-51.88%	20,597.57%	0.00%	-547.14%	0.00%	-55.42%
Invested Capital Q/Q Growth	-4.05%	-1.00%	-2.25%	-1.38%	4.35%	-104.90%	-3.85%	583.98%	-90.37%	23.12%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	39.32%	50.83%	44.00%	42.24%	36.60%	136.64%	123.59%	124.96%	241.67%	84.62%
EBITDA Margin	29.66%	32.31%	16.45%	27.82%	25.05%	86.07%	58.94%	112.05%	114.09%	55.78%
Operating Margin	26.83%	28.04%	12.37%	23.06%	19.32%	64.56%	43.30%	50.05%	127.24%	48.19%
EBIT Margin	26.35%	28.05%	12.18%	22.96%	20.37%	64.58%	66.03%	50.56%	133.25%	48.81%
Profit (Net Income) Margin	18.68%	20.18%	5.94%	15.14%	13.66%	44.57%	30.71%	53.91%	79.23%	30.88%
Tax Burden Percent	70.58%	72.68%	54.29%	69.96%	70.90%	147.91%	0.00%	359.39%	181.70%	63.27%
Interest Burden Percent	100.44%	98.97%	89.79%	94.22%	94.61%	279.96%	0.00%	267.02%	294.52%	100.00%
Effective Tax Rate	29.42%	27.32%	45.71%	30.04%	29.10%	78.14%	0.00%	-59.39%	118.30%	36.73%
Return on Invested Capital (ROIC)	17.63%	17.19%	6.04%	13.22%	7.88%	4.94%	7.22%	19.97%	261.19%	185.32%
ROIC Less NNEP Spread (ROIC-NNEP)	13.75%	16.19%	2.48%	8.80%	7.74%	9.48%	11.51%	28.81%	384.46%	183.54%
Return on Net Nonoperating Assets (RNNOA)	0.88%	3.25%	0.61%	2.00%	2.14%	4.27%	5.18%	6.62%	-167.02%	-104.89%
Return on Equity (ROE)	18.51%	20.44%	6.65%	15.21%	10.02%	19.09%	19.62%	72.67%	0.00%	80.44%
Cash Return on Invested Capital (CROIC)	21.80%	16.38%	3.53%	9.57%	67.30%	182.35%	0.00%	-950.83%	-51.40%	172.36%
Operating Return on Assets (OROA)	14.13%	14.61%	6.98%	12.04%	12.00%	40.79%	23.03%	40.44%	217.51%	84.30%
Return on Assets (ROA)	10.01%	10.51%	3.40%	7.94%	8.05%	28.15%	16.07%	44.38%	129.33%	53.34%
Return on Common Equity (ROCE)	18.51%	20.44%	6.65%	15.21%	10.02%	22.48%	29.35%	63.51%	184.77%	80.44%
Return on Equity Simple (ROE_SIMPLE)	17.87%	19.11%	6.78%	14.67%	13.98%	22.10%	26.24%	38.64%	175.24%	78.95%
Net Operating Profit after Tax (NOPAT)	775	769	266	564	469	397	892	891	181	202
NOPAT Margin	18.93%	20.38%	6.71%	16.13%	13.70%	47.75%	32.23%	39.97%	77.06%	30.49%
Net Nonoperating Expense Percent (NNEP)	3.88%	1.00%	3.56%	4.42%	0.14%	5.34%	2.93%	39.60%	9.74%	1.78%
Return On Investment Capital (ROIC_SIMPLE)	13.55%	14.14%	5.08%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	60.68%	49.17%	56.00%	57.76%	63.40%	179.30%	192.94%	193.11%	90.53%	15.03%
SG&A Expenses to Revenue	5.52%	16.73%	14.04%	13.03%	10.63%	28.18%	14.11%	15.91%	82.56%	27.34%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	12.49%	22.79%	31.63%	19.18%	17.28%	48.05%	42.12%	74.90%	114.44%	36.43%
Earnings before Interest and Taxes (EBIT)	1,079	1,059	482	803	698	1,612	1,828	376	625	324
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,214	1,219	651	972	859	2,148	2,448	1,535	802	370
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.78	4.67	3.74	3.72	2.85	11.58	9.62	8.24	34.84	18.33
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	39.10	19.07
Price to Revenue (P/Rev)	5.00	4.94	3.28	3.83	2.79	15.57	7.56	11.50	23.76	7.17
Price to Earnings (P/E)	26.88	24.59	55.38	25.42	20.44	103.25	75.23	96.58	90.36	23.32
Dividend Yield	1.21%	1.19%	1.60%	1.43%	1.77%	3.76%	4.05%	2.72%	4.29%	1.52%
Earnings Yield	3.72%	4.07%	1.81%	3.93%	4.89%	8.86%	12.38%	9.47%	10.15%	4.29%
Enterprise Value to Invested Capital (EV/IC)	4.76	4.26	3.13	3.26	2.48	10.34	5.48	9.99	101.28	40.07
Enterprise Value to Revenue (EV/Rev)	5.00	5.07	3.53	4.05	3.03	16.09	12.37	18.57	23.03	7.02
Enterprise Value to EBITDA (EV/EBITDA)	16.87	15.69	21.42	14.55	12.10	55.87	41.39	48.62	45.70	12.58
Enterprise Value to EBIT (EV/EBIT)	18.98	18.07	28.94	17.62	14.88	74.46	36.66	110.07	51.99	14.38
Enterprise Value to NOPAT (EV/NOPAT)	26.42	24.88	52.50	25.08	22.12	101.07	75.40	93.15	59.33	23.02
Enterprise Value to Operating Cash Flow (EV/OCF)	18.61	17.79	21.43	23.69	7.12	63.46	63.00	110.45	71.18	19.00
Enterprise Value to Free Cash Flow (EV/FCFF)	21.36	26.11	89.98	34.64	2.59	8.22	0.00	0.00	0.00	24.75
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.36	0.51	0.38	0.36	0.00	0.00	1.24	0.00	0.01
Long-Term Debt to Equity	0.34	0.36	0.41	0.36	0.34	0.00	0.00	0.79	0.00	0.00
Financial Leverage	0.06	0.20	0.24	0.23	0.28	1.66	1.38	0.39	-1.50	-0.57
Leverage Ratio	1.85	1.94	1.95	1.92	1.73	4.80	5.01	5.02	4.38	1.51
Compound Leverage Factor	1.86	1.92	1.75	1.81	1.64	4.48	0.00	4.49	4.31	1.51
Debt to Total Capital	25.19%	26.69%	33.76%	27.44%	26.69%	0.00%	0.00%	87.97%	0.00%	0.76%
Short-Term Debt to Total Capital	0.00%	0.22%	6.29%	1.28%	1.84%	0.00%	20.38%	2.56%	0.00%	0.76%
Long-Term Debt to Total Capital	25.19%	26.48%	27.47%	26.15%	24.85%	0.00%	61.45%	56.08%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.64%	0.00%	0.00%
Common Equity to Total Capital	74.81%	73.31%	66.24%	72.56%	73.31%	0.00%	0.00%	211.39%	288.56%	99.24%
Debt to EBITDA	1.19	1.19	2.71	1.40	1.42	3.64	4.48	6.80	0.00	0.01
Net Debt to EBITDA	0.02	0.41	1.52	0.76	0.98	2.13	3.02	5.36	0.00	-0.27
Long-Term Debt to EBITDA	1.19	1.18	2.21	1.34	1.32	3.63	3.37	6.50	0.00	0.00
Debt to NOPAT	1.86	1.89	6.65	2.42	2.60	6.57	8.20	8.72	0.00	0.01
Net Debt to NOPAT	0.03	0.66	3.72	1.31	1.79	3.84	5.53	6.88	0.00	-0.50
Long-Term Debt to NOPAT	1.86	1.87	5.41	2.30	2.42	6.55	6.16	8.34	0.00	0.00
Altman Z-Score	5.15	4.73	3.44	3.91	3.12	17.11	8.51	13.72	0.00	29.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.57%	0.89%	1.91%	6.41%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.43	1.05	1.31	1.19	0.00	0.00	6.51	0.00	2.76
Quick Ratio	1.06	0.68	0.61	0.60	0.51	0.00	0.00	6.11	0.00	2.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	959	733	155	408	4,010	26,225	0.00	-20,551	-24	188
Operating Cash Flow to CapEx	1,934.27%	2,390.22%	1,088.80%	1,170.20%	3,077.64%	5,408.55%	4,419.01%	2,995.20%	1,551.35%	624.17%
Free Cash Flow to Firm to Interest Expense	18.62	11.74	2.58	8.51	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	21.37	17.24	10.85	12.43	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	20.27	16.52	9.86	11.37	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.54	0.52	0.57	0.52	0.59	1.90	1.05	2.33	4.90	1.73
Accounts Receivable Turnover	10.47	10.67	11.36	10.52	11.98	19.13	21.95	15.16	10.10	10.98
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	1,721.09	0.00	0.00	0.00	565.06	454.92	64.64	10.44
Accounts Payable Turnover	6.43	4.46	6.20	7.40	10.30	7.34	20.22	12.15	8.93	1.68
Days Sales Outstanding (DSO)	34.85	34.20	32.12	34.68	30.46	114.50	99.78	72.21	108.42	33.25
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	56.74	81.92	58.91	49.31	35.44	149.20	77.54	90.12	570.75	217.01
Cash Conversion Cycle (CCC)	-21.89	-47.72	-26.79	-14.62	-4.98	-16.78	3.31	-17.91	-289.97	-183.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,306	4,490	4,454	4,343	4,188	7,728	12,218	8,282	321	116
Invested Capital Turnover	0.93	0.84	0.90	0.82	0.58	1.03	0.90	3.00	10.26	6.08
Increase / (Decrease) in Invested Capital	-184	36	111	156	-3,540	-13,466	11,808	23,884	409	14
Enterprise Value (EV)	20,482	19,130	13,954	14,140	10,384	40,379	22,343	27,592	16,235	4,660
Market Capitalization	20,456	18,625	12,965	13,401	9,546	38,854	10,129	25,583	11,075	4,760
Book Value per Share	$40.88	$37.75	$32.67	$33.80	$31.00	$30.27	$86.66	$85.29	$7.82	$3.15
Tangible Book Value per Share	($2.12)	($6.79)	($12.45)	($10.21)	($11.80)	($24.73)	($31.30)	($39.65)	$3.48	$3.03
Total Capital	5,721	5,436	5,231	4,968	4,568	12,676	13,409	13,244	331	262
Total Debt	1,441	1,451	1,766	1,363	1,219	2,609	3,658	3,884	0.00	2.00
Total Long-Term Debt	1,441	1,439	1,437	1,299	1,135	2,603	2,747	3,714	0.00	0.00
Net Debt	27	505	989	738	839	1,525	2,467	2,042	-170	-100
Capital Expenditures (CapEx)	57	45	60	51	47	105	254	75	89	39
Debt-free, Cash-free Net Working Capital (DFCFNWC)	53	7.00	-117	47	-0.40	84	242	177	96	30
Debt-free Net Working Capital (DFNWC)	1,084	608	408	426	337	985	1,175	907	290	132
Net Working Capital (NWC)	1,084	596	79	362	254	978	263	1,172	290	130
Net Nonoperating Expense (NNE)	10	7.49	31	35	1.28	26	0.00	90	-5.09	-2.59
Net Nonoperating Obligations (NNO)	27	505	989	738	839	1,017	2,467	2,042	-340	-143
Total Depreciation and Amortization (D&A)	135	161	169	170	161	536	1,446	783	178	46
Debt-free, Cash-free Net Working Capital to Revenue	1.30%	0.19%	-2.95%	1.34%	-0.01%	3.35%	5.83%	7.94%	20.44%	4.50%
Debt-free Net Working Capital to Revenue	26.47%	16.10%	10.30%	12.18%	9.85%	39.45%	42.42%	60.17%	61.95%	19.90%
Net Working Capital to Revenue	26.47%	15.79%	1.99%	10.36%	7.40%	39.18%	6.34%	52.55%	61.95%	19.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$7.24	$7.16	$2.20	$4.93	$4.28	$6.70	$3.78	$3.70	$2.27	$2.46
Adjusted Weighted Average Basic Shares Outstanding	105.10M	105.80M	106.30M	107M	109.10M	222.80M	111.80M	107.20M	81.43M	83.08M
Adjusted Diluted Earnings per Share	$7.21	$7.13	$2.19	$4.92	$4.27	$6.68	$3.76	$3.69	$2.27	$2.46
Adjusted Weighted Average Diluted Shares Outstanding	105.50M	106.20M	106.70M	107.20M	109.30M	223.60M	112.20M	107.50M	81.43M	83.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.70M	105.58M	105.74M	106.60M	107.21M	220.87M	111.60M	112.70M	81.29M	81.80M
Normalized Net Operating Profit after Tax (NOPAT)	833	774	527	575	502	433	937	639	378	202
Normalized NOPAT Margin	20.35%	20.52%	13.31%	16.45%	14.63%	52.06%	50.76%	28.66%	80.58%	30.49%
Pre Tax Income Margin	26.47%	27.76%	10.94%	21.64%	19.27%	60.26%	41.26%	45.00%	130.82%	48.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	20.95	16.96	8.04	16.72	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	15.05	12.32	4.43	11.75	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	19.85	16.24	7.04	15.66	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	13.95	11.60	3.43	10.68	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	32.61%	29.35%	89.11%	36.54%	36.44%	121.36%	61.29%	88.44%	295.91%	35.80%
Augmented Payout Ratio	59.38%	40.37%	132.04%	51.91%	111.00%	248.30%	127.56%	206.37%	523.96%	100.29%

This table displays calculated financial ratios and metrics derived from Cboe Global Markets' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.84%	14.34%	16.16%	7.29%	-3.14%	-3.58%	-8.53%	-7.91%	1.41%	15.96%	21.63%
EBITDA Growth	19.67%	-3.90%	9.87%	-20.01%	12.00%	14.29%	8.81%	242.40%	4.69%	10.28%	25.01%
EBIT Growth	24.70%	-2.33%	13.88%	-20.05%	15.73%	19.69%	11.22%	201.73%	5.22%	10.89%	31.70%
NOPAT Growth	25.03%	-3.27%	3.98%	-14.46%	16.95%	27.78%	34.60%	202.23%	48.26%	-2.56%	17.57%
Net Income Growth	19.62%	-7.31%	4.95%	-16.33%	20.82%	32.75%	38.62%	190.95%	58.21%	-3.74%	24.75%
EPS Growth	20.92%	-6.57%	6.15%	-15.29%	20.25%	32.00%	38.30%	190.23%	59.80%	-3.23%	25.89%
Operating Cash Flow Growth	1.93%	-275.87%	-178.50%	396.94%	-13.12%	-31.62%	335.26%	20.70%	-18.18%	79.15%	-69.96%
Free Cash Flow Firm Growth	103.84%	117.84%	14.96%	-25.37%	337.83%	206.32%	8,072.92%	146.49%	-222.33%	218.54%	101.09%
Invested Capital Growth	-3.51%	-4.09%	-1.04%	-1.43%	0.01%	0.81%	-0.46%	-2.42%	6.06%	2.55%	3.46%
Revenue Q/Q Growth	7.89%	4.92%	8.39%	1.76%	-1.19%	6.59%	0.11%	-8.14%	-1.64%	1.13%	0.78%
EBITDA Q/Q Growth	22.19%	-6.90%	49.00%	-29.39%	1.28%	6.43%	8.47%	-1.14%	0.14%	1.33%	241.96%
EBIT Q/Q Growth	25.32%	-7.69%	57.06%	-31.36%	1.74%	7.62%	10.27%	-0.65%	1.51%	0.00%	200.87%
NOPAT Q/Q Growth	20.76%	-3.52%	49.59%	-28.26%	-6.57%	3.71%	23.05%	-1.91%	2.08%	9.23%	193.46%
Net Income Q/Q Growth	27.53%	-10.07%	55.63%	-32.98%	-1.18%	1.83%	24.08%	-3.23%	8.58%	6.32%	181.41%
EPS Q/Q Growth	28.11%	-10.63%	55.64%	-32.14%	-1.01%	1.54%	24.20%	-3.68%	8.67%	6.38%	181.03%
Operating Cash Flow Q/Q Growth	228.51%	-22.80%	-138.72%	66.80%	573.86%	-125.65%	246.47%	-148.81%	817.83%	-184.82%	126.69%
Free Cash Flow Firm Q/Q Growth	4.64%	48.70%	26.34%	3.70%	11.82%	-21.53%	-17.97%	430.45%	-244.02%	1,993.62%	100.47%
Invested Capital Q/Q Growth	1.18%	-4.05%	1.87%	-2.43%	0.57%	-1.00%	1.47%	-1.00%	1.37%	-2.25%	-0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	37.57%	16.09%	50.39%	40.83%	52.46%	51.51%	52.87%	51.45%	47.70%	55.65%	34.26%
EBITDA Margin	32.54%	28.73%	32.38%	23.55%	33.94%	34.18%	34.23%	31.59%	29.36%	28.83%	28.78%
Operating Margin	29.62%	26.95%	29.12%	21.57%	29.50%	30.35%	29.84%	26.97%	25.09%	24.93%	23.83%
EBIT Margin	29.95%	25.79%	29.31%	20.23%	29.98%	30.18%	29.90%	27.14%	25.10%	24.32%	24.59%
Profit (Net Income) Margin	20.97%	17.74%	20.70%	14.41%	21.89%	21.89%	22.91%	18.48%	17.55%	15.90%	15.12%
Tax Burden Percent	71.56%	70.25%	70.71%	69.16%	71.72%	73.74%	77.08%	69.40%	69.86%	67.73%	65.59%
Interest Burden Percent	97.85%	97.93%	99.87%	103.05%	101.78%	98.32%	99.41%	98.13%	100.08%	96.52%	93.74%
Effective Tax Rate	28.44%	29.75%	29.29%	30.84%	28.28%	26.26%	22.92%	30.60%	30.14%	32.27%	34.41%
Return on Invested Capital (ROIC)	20.70%	17.63%	18.05%	12.80%	17.54%	18.88%	19.28%	16.10%	15.87%	15.20%	13.33%
ROIC Less NNEP Spread (ROIC-NNEP)	19.36%	12.66%	18.27%	11.98%	18.49%	18.24%	19.19%	15.91%	15.90%	14.04%	12.86%
Return on Net Nonoperating Assets (RNNOA)	0.91%	0.81%	2.35%	1.85%	3.59%	3.66%	5.45%	4.88%	3.73%	3.43%	4.11%
Return on Equity (ROE)	21.60%	18.44%	20.40%	14.66%	21.13%	22.54%	24.72%	20.98%	19.60%	18.63%	17.44%
Cash Return on Invested Capital (CROIC)	22.18%	21.80%	18.38%	18.88%	17.66%	16.38%	16.35%	17.21%	1.55%	3.53%	2.67%
Operating Return on Assets (OROA)	15.43%	13.82%	14.10%	9.37%	13.98%	15.73%	15.16%	14.41%	12.38%	13.94%	12.63%
Return on Assets (ROA)	10.80%	9.51%	9.96%	6.67%	10.20%	11.40%	11.61%	9.81%	8.66%	9.11%	7.76%
Return on Common Equity (ROCE)	21.60%	18.44%	20.40%	14.66%	21.13%	22.54%	24.72%	20.98%	19.60%	18.63%	17.44%
Return on Equity Simple (ROE_SIMPLE)	18.10%	0.00%	18.54%	19.15%	19.82%	0.00%	18.72%	17.77%	8.44%	0.00%	7.32%
Net Operating Profit after Tax (NOPAT)	253	210	217	145	203	217	209	170	173	170	155
NOPAT Margin	21.19%	18.93%	20.59%	14.92%	21.16%	22.38%	23.00%	18.71%	17.53%	16.89%	15.63%
Net Nonoperating Expense Percent (NNEP)	1.34%	4.97%	-0.22%	0.83%	-0.95%	0.64%	0.08%	0.20%	-0.03%	1.15%	0.47%
Return On Investment Capital (ROIC_SIMPLE)	4.30%	3.67%	-	-	-	3.99%	-	-	-	3.24%	-
Cost of Revenue to Revenue	62.43%	83.91%	49.61%	59.17%	47.54%	48.49%	47.13%	48.55%	52.30%	44.35%	65.74%
SG&A Expenses to Revenue	4.35%	-15.80%	16.51%	6.04%	17.53%	15.77%	17.01%	17.86%	16.38%	24.57%	4.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	7.96%	-10.86%	21.28%	19.26%	22.95%	21.16%	23.03%	24.49%	22.62%	30.72%	10.43%
Earnings before Interest and Taxes (EBIT)	358	286	309	197	287	292	272	246	248	244	244
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	389	318	342	229	325	331	311	287	290	290	286
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.32	4.78	5.09	4.45	4.80	4.67	4.30	3.93	3.95	3.74	3.69
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.47	5.00	5.42	4.70	5.17	4.94	4.27	3.69	3.52	3.28	3.18
Price to Earnings (P/E)	29.54	26.88	27.62	23.35	24.37	24.59	23.05	22.17	46.94	55.38	50.71
Dividend Yield	1.08%	1.21%	1.11%	1.29%	1.17%	1.19%	1.33%	1.47%	1.50%	1.60%	1.69%
Earnings Yield	3.39%	3.72%	3.62%	4.28%	4.10%	4.07%	4.34%	4.51%	2.13%	1.81%	1.97%
Enterprise Value to Invested Capital (EV/IC)	5.42	4.76	4.84	4.15	4.39	4.26	3.76	3.40	3.31	3.13	2.94
Enterprise Value to Revenue (EV/Rev)	5.45	5.00	5.49	4.80	5.30	5.07	4.47	3.90	3.76	3.53	3.51
Enterprise Value to EBITDA (EV/EBITDA)	18.46	16.87	17.70	15.27	15.81	15.69	14.46	13.18	22.49	21.42	21.48
Enterprise Value to EBIT (EV/EBIT)	20.52	18.98	20.00	17.43	18.06	18.07	16.86	15.45	30.22	28.94	29.28
Enterprise Value to NOPAT (EV/NOPAT)	28.58	26.42	27.77	23.61	24.84	24.88	23.58	22.73	45.82	52.50	49.27
Enterprise Value to Operating Cash Flow (EV/OCF)	21.11	18.61	13.39	6.22	21.08	17.79	15.19	27.45	35.39	21.43	126.41
Enterprise Value to Free Cash Flow (EV/FCFF)	23.98	21.36	26.19	21.80	24.86	26.11	22.91	19.50	219.87	89.98	112.02
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.32	0.34	0.34	0.36	0.36	0.36	0.40	0.44	0.50	0.51	0.58
Long-Term Debt to Equity	0.32	0.34	0.34	0.36	0.36	0.36	0.38	0.39	0.41	0.41	0.56
Financial Leverage	0.05	0.06	0.13	0.15	0.19	0.20	0.28	0.31	0.23	0.24	0.32
Leverage Ratio	1.98	1.85	2.06	2.14	2.12	1.94	2.12	2.12	2.27	1.95	2.19
Compound Leverage Factor	1.94	1.81	2.05	2.21	2.16	1.91	2.11	2.08	2.27	1.89	2.05
Debt to Total Capital	24.46%	25.19%	25.50%	26.39%	26.47%	26.69%	28.73%	30.62%	33.24%	33.76%	36.55%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.03%	0.16%	0.22%	1.66%	3.39%	6.11%	6.29%	0.72%
Long-Term Debt to Total Capital	24.46%	25.19%	25.50%	26.36%	26.31%	26.48%	27.07%	27.23%	27.13%	27.47%	35.83%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	75.54%	74.81%	74.50%	73.61%	73.53%	73.31%	71.27%	69.38%	66.76%	66.24%	63.45%
Debt to EBITDA	1.13	1.19	1.17	1.21	1.16	1.19	1.30	1.40	2.65	2.71	3.04
Net Debt to EBITDA	-0.07	0.02	0.23	0.32	0.39	0.41	0.63	0.70	1.47	1.52	2.02
Long-Term Debt to EBITDA	1.13	1.19	1.17	1.20	1.15	1.18	1.22	1.25	2.16	2.21	2.98
Debt to NOPAT	1.75	1.86	1.84	1.86	1.81	1.89	2.11	2.42	5.40	6.65	6.97
Net Debt to NOPAT	-0.11	0.03	0.36	0.50	0.62	0.66	1.03	1.21	2.99	3.72	4.64
Long-Term Debt to NOPAT	1.75	1.86	1.84	1.86	1.80	1.87	1.99	2.15	4.41	5.41	6.83
Altman Z-Score	4.67	4.82	4.02	3.05	3.94	4.39	3.62	3.61	2.95	3.33	2.91
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.60	1.78	1.39	1.23	1.33	1.43	1.23	1.19	1.07	1.05	1.23
Quick Ratio	0.78	1.06	0.49	0.34	0.48	0.68	0.43	0.60	0.39	0.61	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	412	393	265	209	202	181	230	281	-85	59	2.82
Operating Cash Flow to CapEx	6,210.20%	-3,465.37%	-4,820.83%	8,392.70%	12,268.49%	-1,105.26%	9,570.13%	-6,450.00%	8,312.90%	-524.09%	1,659.80%
Free Cash Flow to Firm to Interest Expense	32.16	30.50	20.67	16.36	15.53	13.68	14.94	16.80	-4.97	0.00	0.17
Operating Cash Flow to Interest Expense	71.32	-55.07	-45.20	116.71	68.89	-14.32	47.85	-30.13	60.28	0.00	10.52
Operating Cash Flow Less CapEx to Interest Expense	70.17	-56.66	-46.13	115.32	68.33	-15.61	47.35	-30.59	59.56	0.00	9.88
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.54	0.48	0.46	0.47	0.52	0.51	0.53	0.49	0.57	0.51
Accounts Receivable Turnover	10.04	10.47	10.76	10.35	9.80	10.67	10.31	10.32	10.27	11.36	10.85
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	38.49	0.00	0.00	0.00	69.11	0.00	0.00	0.00	1,727.04	1,721.09	0.00
Accounts Payable Turnover	8.81	6.43	7.20	6.90	6.60	4.46	5.65	6.07	6.73	6.20	6.80
Days Sales Outstanding (DSO)	36.36	34.85	33.92	35.28	37.24	34.20	35.42	35.38	35.55	32.12	33.65
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	41.41	56.74	50.68	52.87	55.33	81.92	64.61	60.15	54.26	58.91	53.66
Cash Conversion Cycle (CCC)	-5.05	-21.89	-16.75	-17.59	-18.09	-47.72	-29.19	-24.77	-18.72	-26.79	-20.01
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,357	4,306	4,488	4,406	4,516	4,490	4,535	4,470	4,515	4,454	4,557
Invested Capital Turnover	0.98	0.93	0.88	0.86	0.83	0.84	0.84	0.86	0.91	0.90	0.85
Increase / (Decrease) in Invested Capital	-158	-184	-47	-64	0.60	36	-21	-111	258	111	153
Enterprise Value (EV)	23,598	20,482	21,716	18,267	19,824	19,130	17,032	15,192	14,940	13,954	13,412
Market Capitalization	23,693	20,456	21,436	17,883	19,333	18,625	16,285	14,387	13,963	12,965	12,149
Book Value per Share	$42.52	$40.88	$40.22	$38.25	$38.11	$37.75	$35.90	$34.71	$33.47	$32.67	$31.06
Tangible Book Value per Share	($0.46)	($2.12)	($3.51)	($5.10)	($6.03)	($6.79)	($8.60)	($10.31)	($11.60)	($12.45)	($14.01)
Total Capital	5,894	5,721	5,649	5,464	5,473	5,436	5,315	5,281	5,301	5,231	5,191
Total Debt	1,442	1,441	1,441	1,442	1,448	1,451	1,527	1,617	1,762	1,766	1,897
Total Long-Term Debt	1,442	1,441	1,441	1,440	1,440	1,439	1,439	1,438	1,438	1,437	1,860
Net Debt	-95	27	280	384	492	505	747	806	976	989	1,263
Capital Expenditures (CapEx)	15	21	12	18	7.30	17	7.70	7.80	12	27	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	111	53	126	44	82	7.00	79	-62	-37	-117	8.30
Debt-free Net Working Capital (DFNWC)	1,264	1,084	928	742	677	608	517	455	479	408	389
Net Working Capital (NWC)	1,264	1,084	928	741	668	596	428	276	155	79	352
Net Nonoperating Expense (NNE)	2.65	13	-1.13	4.91	-6.96	4.79	0.85	2.08	-0.21	9.96	5.12
Net Nonoperating Obligations (NNO)	-95	27	280	384	492	505	747	806	976	989	1,263
Total Depreciation and Amortization (D&A)	31	33	32	32	38	39	39	40	42	45	42
Debt-free, Cash-free Net Working Capital to Revenue	2.56%	1.30%	3.18%	1.16%	2.19%	0.19%	2.08%	-1.60%	-0.94%	-2.95%	0.22%
Debt-free Net Working Capital to Revenue	29.18%	26.47%	23.47%	19.49%	18.09%	16.10%	13.56%	11.68%	12.05%	10.30%	10.18%
Net Working Capital to Revenue	29.18%	26.47%	23.47%	19.45%	17.85%	15.79%	11.25%	7.09%	3.89%	1.99%	9.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.38	$1.86	$2.08	$1.33	$1.97	$1.99	$1.96	$1.58	$1.63	$1.51	$1.41
Adjusted Weighted Average Basic Shares Outstanding	104.70M	105.10M	104.70M	105.10M	105.60M	105.80M	105.70M	105.70M	105.90M	106.30M	106.20M
Adjusted Diluted Earnings per Share	$2.37	$1.85	$2.07	$1.33	$1.96	$1.98	$1.95	$1.57	$1.63	$1.50	$1.41
Adjusted Weighted Average Diluted Shares Outstanding	105.10M	105.50M	105.10M	105.40M	106.10M	106.20M	106.10M	106.10M	106.20M	106.70M	106.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	104.71M	104.70M	104.69M	104.63M	105.15M	105.58M	105.56M	105.52M	105.57M	105.74M	106.08M
Normalized Net Operating Profit after Tax (NOPAT)	253	210	217	202	203	216	210	170	178	171	157
Normalized NOPAT Margin	21.20%	18.94%	20.59%	20.71%	21.20%	22.34%	23.07%	18.77%	17.98%	17.02%	15.79%
Pre Tax Income Margin	29.31%	25.25%	29.27%	20.84%	30.52%	29.68%	29.72%	26.64%	25.12%	23.47%	23.05%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	27.96	22.14	24.17	15.39	22.08	22.15	17.64	14.75	14.50	0.00	15.17
NOPAT to Interest Expense	19.79	16.26	16.98	11.35	15.58	16.42	13.57	10.17	10.13	0.00	9.65
EBIT Less CapEx to Interest Expense	26.81	20.55	23.23	14.00	21.52	20.86	17.14	14.29	13.78	0.00	14.54
NOPAT Less CapEx to Interest Expense	18.64	14.67	16.04	9.96	15.02	15.13	13.07	9.71	9.40	0.00	9.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.92%	32.61%	30.95%	30.35%	28.68%	29.35%	30.80%	32.76%	70.72%	89.11%	86.03%
Augmented Payout Ratio	51.55%	59.38%	57.87%	54.20%	40.03%	40.37%	43.97%	47.10%	104.48%	132.04%	121.52%

Frequently Asked Questions About Cboe Global Markets' Financials

When does Cboe Global Markets's financial year end?

According to the most recent income statement we have on file, Cboe Global Markets' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Cboe Global Markets' net income changed over the last 9 years?

Cboe Global Markets' net income appears to be on an upward trend, with a most recent value of $764.90 million in 2024, rising from $205 million in 2015. The previous period was $761.40 million in 2023. Check out Cboe Global Markets' forecast to explore projected trends and price targets.

What is Cboe Global Markets's operating income?

Cboe Global Markets's total operating income in 2024 was $1.10 billion, based on the following breakdown:

Total Gross Profit: $1.61 billion
Total Operating Expenses: $511.60 million

How has Cboe Global Markets revenue changed over the last 9 years?

Over the last 9 years, Cboe Global Markets' total revenue changed from $663.80 million in 2015 to $4.09 billion in 2024, a change of 516.8%.

How much debt does Cboe Global Markets have?

Cboe Global Markets' total liabilities were at $3.51 billion at the end of 2024, a 0.2% increase from 2023, and a 2,704.4% increase since 2015.

How much cash does Cboe Global Markets have?

In the past 9 years, Cboe Global Markets' cash and equivalents has ranged from $97.30 million in 2016 to $920.30 million in 2024, and is currently $920.30 million as of their latest financial filing in 2024.

How has Cboe Global Markets' book value per share changed over the last 9 years?

Over the last 9 years, Cboe Global Markets' book value per share changed from 3.15 in 2015 to 40.88 in 2024, a change of 1,198.2%.

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This page (NASDAQ:CBOE) was last updated on 5/25/2025 by MarketBeat.com Staff

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Cboe Global Markets (CBOE) Financials

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