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CBOE

Financials · Financial Exchanges & Data

Cboe Global Markets: revenue, profit and dividends

In fiscal 2025, Cboe Global Markets had revenue of $4.71B, up 21.7% a year on average since 2015, and net income of $1.1B (23.3% of revenue). Its dividend per share has gone up 11 years in a row, to $2.70. It has 26% more shares than in 2015.

Revenue, fiscal 2025

$4.71B+21.7% a year

average annual revenue growth since 2015 · +15.1% vs 2024

Net income, 2025
$1.1B
23.3% of revenue
Diluted EPS, 2025
$10.42
15.5% a year since 2015
Dividend per share, 2025
$2.70
raised 11 years in a row
Revenue growth, 5 years
6.6% a year
since 2020
Shares, 2025
105M
+26.5% since 2015
Free cash flow, 2025
$1.68B
$1.75B from operations − $71M capex
Ticker
CBOE · CBOE
Sector
Financials
Sub-industry
Financial Exchanges & Data
Headquarters
Chicago, Illinois
Founded
1973
In the S&P 500 since
March 1, 2017
Latest fiscal year
2025, ended December 31, 2025
SEC filer
Cboe Global Markets, Inc. · CIK 0001374310

Revenue and net income

Revenue went from $426M in 2009 to $4.71B in 2025.

RevenueNet income
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $1.17 in 2009 to $10.42 in 2025. Ten-year growth: 15.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 11 years in a row, every year from 2015 to 2025. Ten-year growth: 11.9% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

26.5% more shares in 2025 than in 2015 (83.1M → 105M): new shares outweighed buybacks.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $1.68B in 2025, 35.7% of revenue.

Operating cash flowCapital expenditureFree cash flow
Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal yearRevenueNet incomeNet marginDiluted EPSDividendSharesOperating cash flowCapexFree cash flow
2025$4.71B$1.1B23.3%$10.42$2.70105M$1.75B$71M$1.68B
2024$4.09B$765M18.7%$7.21$2.36106M$1.1B$60.9M$1.04B
2023$3.77B$761M20.2%$7.13$2.10106M$1.08B$45M$1.03B
2022$3.96B$234M5.9%$2.19$1.96107M$651M$59.8M$591M
2021$3.49B$529M15.1%$4.92$1.80107M$597M$51M$546M
2020$3.43B$468M13.7%$4.27$1.56109M$1.46B$47.4M$1.41B
2019$2.5B$375M15.0%$3.34$1.34112M$633M$35.1M$598M
2018$2.77B$426M15.4%$3.76$1.16112M$535M$36.3M$498M
2017$2.23B$402M18.0%$3.69$1.04108M$374M$37.5M$337M
2016$703M$187M26.6%$2.27$0.9681.4M$230M$44.4M$185M
2015$664M$205M30.9%$2.46$0.8883.1M$245M$39.3M$206M
2014$617M$190M30.7%$2.21$0.7885.4M———
2013$572M$176M30.8%$1.99—87.3M———
2012$512M$157M30.7%$1.78—87.5M———
2011$508M$139M27.4%$1.52—90M———
2010$437M$98.2M22.5%$1.03—95.8M———
2009$426M$106M25.0%$1.17—90.7M———

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

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Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.