Cboe/$CBOE
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Capital at risk
About Cboe
Founded in 1973, Cboe controls the largest option exchange in the US, which provides around 60% of the firm's revenue. The company is best known for its proprietary S&P 500 and VIX index options, which it offers through an exclusive contract with S&P Global. The firm moved into US and European equities through the $3.4 billion acquisition of BATS in 2017. Cboe has continued to look to expand internationally, using acquisitions to build a presence in both Canada and Australia.
- Ticker
- $CBOE
- Sector
- Finance
- Primary listing
- BATS
- Employees
- 1,661
- Headquarters
- Chicago, United States
- Website
- www.cboe.com
Cboe Metrics
BasicAdvanced
$37B
25.13
$14.05
0.41
$3.02
0.97%
Price and volume
Market cap
$37B
Beta
0.41
52-week high
$371.18
52-week low
$227.15
Average daily volume
1.3M
Dividend rate
$3.02
Financial strength
Current ratio
1.605
Quick ratio
0.797
Long term debt to equity
0.152
Total debt to equity
0.266
Dividend payout ratio (TTM)
21.45%
Interest coverage (TTM)
36.35%
Profitability
EBITDA (TTM)
2,029.6
Gross margin (TTM)
53.88%
Net profit margin (TTM)
28.05%
Operating margin (TTM)
36.43%
Effective tax rate (TTM)
26.58%
Revenue per employee (TTM)
$3,180,000
Management effectiveness
Return on assets (TTM)
11.84%
Return on equity (TTM)
27.39%
Valuation
Price to earnings (TTM)
25.131
Price to revenue (TTM)
6.998
Price to book
6.22
Price to tangible book (TTM)
22.47
Price to free cash flow (TTM)
14.603
Free cash flow yield (TTM)
6.85%
Free cash flow per share (TTM)
24.179
Dividend yield (TTM)
0.86%
Forward dividend yield
0.97%
Growth
Revenue change (TTM)
14.31%
Earnings per share change (TTM)
51.07%
3-year revenue growth (CAGR)
11.48%
10-year revenue growth (CAGR)
22.96%
3-year earnings per share growth (CAGR)
28.41%
10-year earnings per share growth (CAGR)
19.69%
3-year dividend per share growth (CAGR)
13.78%
10-year dividend per share growth (CAGR)
12.38%
What the Analysts think about Cboe
Analyst ratings (Buy, Hold, Sell) for Cboe stock.
Analyst projections of the future price of Cboe stock.
Bulls say / Bears say
Third-quarter net revenue rose 18% and adjusted EPS climbed 36%, prompting Cboe to raise its 2026 organic revenue growth target to the high teens. That stronger outlook points to continued earnings momentum. (Cboe Global Markets)
Cboe extended its exclusive S&P 500 options licence through 2051, reducing uncertainty around a key franchise. SPX options also recorded their fourth consecutive annual volume record in 2025. (Cboe Global Markets)
Data Vantage delivered record quarterly revenue, up 13% year on year, and Cboe raised its 2026 growth target for the business to the mid-teens. This gives the company another growing revenue stream alongside trading. (Cboe Global Markets)
Options activity cooled from the prior quarter’s record: market-wide average daily volume fell 4%, while index options volume eased 3%. That highlights the risk that transaction revenue could slow if trading activity normalises. (Cboe)
Cboe’s options market share slipped to 30.5% from 30.9% a year earlier, while its US equities share fell to 8.9% from 9.8%. Continued share losses could limit growth even when overall market volumes are strong. (Cboe Global Markets)
US approval of bitcoin perpetual futures has raised concern that similar products could expand into equities and compete for retail derivatives flow. Analysts differ on how much they could displace established exchange products, so the scale of the threat remains uncertain. (CNBC)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
Cboe Financial Performance
Revenues and expenses
Cboe Earnings Performance
Company profitability
Upcoming events
Cboe News
AllArticlesVideos
Funds containing Cboe
AllUSDEURGBP
Fund name | Fund size | $CBOE weighting |
|---|---|---|
iShares Edge MSCI World Minimum Volatility£MINV | $2.6B | 0.46% |
iShares Edge MSCI World Minimum Volatility$MVOL | $2.6B | 0.46% |
iShares Edge MSCI World Minimum Volatility€IQQ0 | $2.6B | 0.46% |
iShares S&P 500 Financials Sector$IUFS | $2.5B | 0.43% |
iShares S&P 500 Financials Sector£UIFS | $2.4B | 0.43% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.