Cboe Global Markets (CBOE) Tops Q3 EPS by 21c

Cboe Global Markets (NYSE: CBOE) reported Q3 EPS of $3.63, $0.21 better than the analyst estimate of $3.42. Revenue for the quarter came in at $712.2 million versus the consensus estimate of $707.3 million.

2026 Fiscal Year Financial Guidance1

Cboe provided guidance for the 2026 fiscal year as noted below.

Organic total net revenue growth2 is expected to be in the 'high teens' range, up from prior guidance of 'mid to high teens' in 2026.

Organic net revenue growth2 from Data Vantage is expected to be in the 'mid teens' range, up from prior guidance of 'low teens' in 2026.

Adjusted operating expenses2 in 2026 are expected to be in the range of $830 to $845 million, down from prior guidance of $838 to $853 million. The guidance excludes the expected amortization of acquired intangible assets of $59 million; the company adjusts for this amount in its non-GAAP reconciliation.

Reaffirms depreciation and amortization expense for 2026 is expected to be in the range of $54 to $58 million, excluding the expected amortization of acquired intangible assets.

Reaffirms the effective tax rate on adjusted earnings2 for the full year 2026 is expected to be in the range of 27.5 to 29.5 percent. Significant changes in trading volume, expenses, tax laws or rates, and other items could materially impact this expectation.

Reaffirms capital expenditures for 2026 are expected to be in the range of $98 to $108 million.

For earnings history and earnings-related data on Cboe Global Markets (CBOE) click here.

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