Cboe Global Markets, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.71B | $4.10B | $3.77B | $3.96B | $3.49B | $3.43B | $2.50B | $2.77B |
| Options | $2.43B | $2.00B | $1.94B | — | — | — | — | — |
| North American Equities | $1.67B | $1.55B | $1.35B | — | — | — | — | — |
| Europe and Asia Pacific | $379.0M | $324.0M | $281.0M | — | — | — | — | — |
| Futures | $136.0M | $141.0M | $129.0M | — | — | — | — | — |
| Global FX | $94.0M | $80.0M | $75.0M | — | — | — | — | — |
| Digital | — | $0 | $-4.0M | — | — | — | — | — |
| Cost of Revenue | $2.29B | $2.02B | $1.86B | $2.22B | $2.02B | $2.17B | $1.36B | $1.55B |
| Gross Profit | $2.43B | $2.07B | $1.92B | $1.74B | $1.48B | $1.25B | $1.14B | $1.22B |
| Gross Margin | 51.5% | 50.6% | 50.8% | 44.0% | 42.2% | 36.6% | 45.5% | 44.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $1.47B | $1.10B | $1.06B | $489.6M | $805.9M | $662.2M | $537.2M | $599.4M |
| Operating Margin | 31.1% | 26.8% | 28.0% | 12.4% | 23.1% | 19.3% | 21.5% | 21.6% |
| Interest Expense | $52.3M | $51.5M | $62.4M | $60.0M | $48.0M | $38.7M | $37.8M | $40.5M |
| Pretax Income | $1.57B | $1.08B | $1.05B | $432.9M | $756.1M | $660.4M | $501.4M | $571.2M |
| Income Tax Expense | $466.6M | $318.9M | $286.2M | $197.9M | $227.1M | $192.2M | $130.6M | $146.0M |
| Net Income | $1.10B | $764.9M | $761.4M | $235.0M | $529.0M | $468.2M | $374.9M | $426.5M |
| Net Margin | 23.3% | 18.7% | 20.2% | 5.9% | 15.1% | 13.7% | 15.0% | 15.4% |
| EPS (Basic) | $10.46 | $7.24 | $7.16 | $2.20 | $4.93 | $4.28 | $3.35 | $3.78 |
| EPS (Diluted) | $10.42 | $7.21 | $7.13 | $2.19 | $4.92 | $4.27 | $3.34 | $3.76 |
| Shares Outstanding (Basic) | 104.7M | 105.1M | 105.8M | 106.3M | 107.0M | 109.1M | 111.4M | 111.8M |
| Shares Outstanding (Diluted) | 105.1M | 105.5M | 106.2M | 106.7M | 107.2M | 109.3M | 111.8M | 112.2M |
| Dividends Per Share | $2.70 | $2.36 | $2.10 | $1.96 | $1.80 | $1.56 | $1.34 | $1.16 |