Cboe Global Markets (NYSE: CBOE) reported Q3 EPS of $2.67, $0.16 better than the analyst estimate of $2.51. Revenue for the quarter came in at $605.5 million versus the consensus estimate of $588.64 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 \'low double-digit to mid-teens\' range in 2025, up from previous guidance calling for \'high single-digit.\'
Data Vantage organic net revenue growth1 is expected to be in the \'high single-digit to low double-digit\' range in 2025, up from previous guidance of \'mid to high single-digit.\'
Adjusted operating expenses1 are expected to be in the range of $827 to $842 million in 2025, down from previous guidance of $832 to $847 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 $50 to $54 million in 2025, down from previous guidance of $53 to $57 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.
Capital expenditures are expected to be in the range of $73 to $83 million in 2025, down from previous guidance of $75 to $85 million.

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