Cboe Global Markets (NYSE: CBOE) reported Q2 EPS of $2.46, $0.02 better than the analyst estimate of $2.44. Revenue for the quarter came in at $587.3 million versus the consensus estimate of $576.1 million.

2025 Fiscal Year Financial Guidance

Cboe provided guidance for the 2025 fiscal year as noted below.

Organic total net revenue growth1 is expected to be in the high single digit range in 2025, up from previous guidance calling for mid to high single digits.
Reaffirms Data Vantage organic net revenue growth1 range of mid to high single digits in 2025.
Adjusted operating expenses1 are expected to be in the range of $832 to $847 million in 2025, down from previous guidance of $837 to $852 million. The guidance excludes the expected amortization of acquired intangible assets of $70 million; the company reflects the exclusion of this amount in its non-GAAP reconciliation.
Depreciation and amortization expense is expected to be in the range of $53 to $57 million in 2025, down from previous guidance of $55 to $59 million, excluding the expected amortization of acquired intangible assets.
Reaffirms the effective tax rate on adjusted earnings1 for the full year 2025 is expected to be in the range of 28.5 to 30.5 percent. Significant changes in trading volume, expenses, tax laws or rates, and other items could materially impact this expectation.
Reaffirms capital expenditures in 2025 are expected to be in the range of $75 to $85 million.

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