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Cboe Global Markets Q4 2025 adj. earnings jump on record high revenues

$CBOE February 6, 2026 1 min read
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$CBOE · Earnings

Financial services company Cboe Global Markets, Inc.

ManojNair · February 6, 2026

Financial services company Cboe Global Markets, Inc. (CBOE: CBOE) announced results for the fourth quarter of fiscal 2025, reporting a sharp increase in adjusted earnings.

Fourth-quarter revenues climbed 28% year-over-year to $671.1 million. Revenues grew across all operating segments and geographic divisions.

Adjusted earnings, excluding one-off items, were $3.06 per share in Q4, up 46% year-over-year. On a reported basis, earnings rose 60% from last year to an all-time high of $2.97 per share.

For fiscal 2026, management expects organic total net revenue growth in the ‘mid single-digit’ range. Organic net revenue growth from Data Vantage is expected to be in the ‘mid to high single-digit’ range. It is looking for full-year adjusted operating expenses of $864-$879 million.

Craig Donohue, CEO of Cboe, said, “Our recent strategic realignment is enabling us to allocate more resources toward growth and value creation in our core businesses, while also better positioning Cboe to capitalize on emerging opportunities. We are starting 2026 with a very strong foundation – a focused growth strategy, a highly seasoned and impressive leadership team, and continued strong secular trends in our core businesses.”

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