AI Earnings Predictions for Cboe Global Markets Inc. (CBOE)

EX-99.1

2 cboe-20261030xex991.htm

EX-99.1

Document

Exhibit 99.1

News Release

Page 1 of 15

Cboe Global Markets Reports Results for Third Quarter 2026

Third Quarter Highlights*

•Record Diluted EPS for the Quarter of $4.08, Up 43 percent

•Adjusted Diluted EPS1 for the Quarter of $3.63, Up 36 percent

•Net Revenue for the Quarter of $712.2 million, Up 18 percent

•Increases 2026 Organic Total Net Revenue Growth Target2 to 'high teens' from 'mid to high teens' and Cboe Data Vantage3 Organic Net Revenue Growth Target2 to 'mid teens' from 'low teens'

•Decreases 2026 Adjusted Operating Expense Guidance2 to $830 to $845 million from $838 to $853 million

CHICAGO, IL – October 30, 2026 – Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the third quarter of 2026.

“Our strong momentum continued in the third quarter as we took important steps to advance our growth strategy,” said Craig Donohue, Chief Executive Officer of Cboe Global Markets. “First, we extended our exclusive S&P license through 2051, providing certainty and continuity for our SPX and VIX franchises. Second, building upon our history of innovation, we advanced our Cboe Predicts offering and our clearing capabilities through the quarter, and recently received the SEC approvals needed to list and clear our company-KPI event contracts, in anticipation of a November launch. Together, these accomplishments strengthen our core business and enhance our ability to drive growth and create shareholder value.”

“Cboe posted strong third quarter results, delivering net revenue growth of 18 percent year over year, diluted EPS rose 43 percent to a record $4.08, and adjusted diluted EPS¹ grew 36 percent to $3.63,” said Jill Griebenow, Cboe Global Markets Executive Vice President, Chief Financial Officer. “Net revenue in our Derivatives business rose 22 percent, driven by a 24 percent increase in index options average daily volume supported by record 0DTE activity. Cash and Spot Markets net revenue increased 12 percent, while Data Vantage delivered record quarterly net revenue, up 13 percent from a year ago. Given our strong year-to-date performance, we are increasing our 2026 total organic net revenue growth target2 to ‘high teens’ from ‘mid to high teens’, increasing our Data Vantage organic net revenue growth target2 to ‘mid teens’ from ‘low teens’, and lowering adjusted operating expense guidance to $830 to $845 million from $838 to $853 million.”

*All comparisons are third quarter 2026 compared to the same period in 2025.

(1)A full reconciliation of our non-GAAP results to our GAAP (“Generally Accepted Accounting Principles”) results is included in the attached tables. See “Non-GAAP Information” in the accompanying financial tables.

(2)Specific quantifications of the amounts that would be required to reconcile the company’s organic and inorganic growth guidance, adjusted operating expenses guidance, and the effective tax rate on adjusted earnings guidance are not available. Acquisitions are considered organic after 12 months of closing. The company believes that there is uncertainty and unpredictability with respect to certain of its GAAP measures, primarily related to acquisition or divestiture related revenues and costs that would be required to reconcile to GAAP revenues less cost of revenues, and GAAP operating expenses, which preclude the company from providing accurate guidance on certain forward-looking GAAP to non-GAAP reconciliations. The company believes that providing estimates of the amounts that would be required to reconcile the range of the company’s organic growth, adjusted operating expenses, and the effective tax rate on adjusted earnings would imply a degree of precision that would be confusing or misleading to investors for the reasons identified above. 2026 guidance includes the anticipated business-as-usual financial contribution from Cboe Canada, which Cboe announced divestiture plans for in October 2025. 2026 guidance will be updated as further actions are announced. Given the third quarter sale completion for Cboe Australia, 2026 total organic net revenue growth guidance and Data Vantage organic net revenue growth guidance excludes the 2025 and 2026 impact of Cboe Australia in its organic guidance calculation.

(3)Cboe Data Vantage refers to the company's Cboe Data Vantage business (formerly known as Data and Access Solutions). Cboe Data Vantage is subsequently referred to as Data Vantage throughout this press release.

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News Release

Page 2 of 15

Consolidated Third Quarter Results

Table 1 below presents selected unaudited condensed consolidated financial information for the company as reported and on an adjusted basis for the three months ended September 30, 2026 and 2025.

Table 1

Consolidated Third Quarter Results ($ in millions except per share amounts and percentages)

3Q26

3Q25

Change

3Q26

Adjusted¹

3Q25

Adjusted¹

Change

Total Revenues Less Cost of Revenues

$

712.2

$

605.

EX-99.1

2 cboe-20260731xex991.htm

EX-99.1

Document

Exhibit 99.1

News Release

Page 1 of 15

Cboe Global Markets Reports Results for Second Quarter 2026

Second Quarter Highlights*

•Diluted EPS for the Quarter of $3.35, Up 50 percent

•Adjusted Diluted EPS1 for the Quarter of $3.56, Up 45 percent

•Record Net Revenue for the Quarter of $731.6 million, Up 25 percent

•Increases 2026 Organic Total Net Revenue Growth Target2 to 'mid to high teens' from 'low double-digit to mid teens' and Cboe Data Vantage3 Organic Net Revenue Growth Target2 to 'low teens' from 'low double-digit'

•Reaffirms 2026 Adjusted Operating Expense Guidance2 of $838 to $853 million

CHICAGO, IL – July 31, 2026 – Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the second quarter of 2026.

"Our strong second quarter results reflect the progress we’re making as we execute our growth strategy,” said Craig Donohue, Chief Executive Officer of Cboe Global Markets. “We’re investing in opportunities that will define Cboe’s future. Whether it’s expanding event contracts, growing Cboe Clear U.S., or advancing around-the-clock access to our markets, we’re executing with speed and discipline to create durable growth and value for our shareholders."

"Cboe delivered another quarter of record revenue results, producing 25 percent net revenue growth on a year-over-year basis, 50 percent diluted EPS growth, and 45 percent adjusted diluted EPS¹ growth," said Jill Griebenow, Cboe Global Markets Executive Vice President, Chief Financial Officer. "Our Derivatives business again set a quarterly record, growing net revenue 30 percent on the back of another record quarter of index options volumes. Cash and Spot Markets net revenue rose 22 percent and our Data Vantage business grew 15 percent on a year-over-year basis. Given our strong performance through the first half of the year, we are increasing our 2026 organic total net revenue growth target² to 'mid to high teens' from 'low double-digit to mid teens', and our Data Vantage organic net revenue growth target² to 'low teens' from 'low double-digit'. We remain focused on disciplined execution as we build on this momentum."

*All comparisons are second quarter 2026 compared to the same period in 2025.

(1)A full reconciliation of our non-GAAP results to our GAAP (“Generally Accepted Accounting Principles”) results is included in the attached tables. See "Non-GAAP Information" in the accompanying financial tables.

(2)Specific quantifications of the amounts that would be required to reconcile the company’s organic net revenue growth guidance and adjusted operating expenses guidance are not available. The company believes that there is uncertainty and unpredictability with respect to certain of its GAAP measures, primarily related to acquisition-related revenues and costs that would be required to reconcile to GAAP revenues less cost of revenues, and GAAP operating expenses, which preclude the company from providing accurate guidance on certain forward-looking GAAP to non-GAAP reconciliations. The company believes that providing estimates of the amounts that would be required to reconcile the range of the company’s organic net revenue growth guidance and adjusted operating expenses would imply a degree of precision that would be confusing or misleading to investors for the reasons identified above. 2026 guidance includes the anticipated business-as-usual financial contribution from Cboe Canada, which Cboe announced divestiture plans for in October 2025. 2026 guidance will be updated as further actions are announced. Given an expected third quarter sale completion for Cboe Australia, 2026 adjusted operating expenses guidance is being reduced by $11 million, and the total organic net revenue growth guidance and Data Vantage organic net revenue growth guidance excludes the 2025 and 2026 impact of Cboe Australia in its organic guidance calculation.

(3)Cboe Data Vantage refers to the company's Cboe Data Vantage business (formerly known as Data and Access Solutions). Cboe Data Vantage is subsequently referred to as Data Vantage throughout this press release.

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News Release

Page 2 of 15

Consolidated Second Quarter Results

Table 1 below presents selected unaudited condensed consolidated financial information for the company as reported and on an adjusted basis for the three months ended June 30, 2026 and 2025.

Table 1

Consolidated Second Quarter Results ($ in millions except per share amounts and percentages)

2Q26

2Q25

Change

2Q26

Adjusted¹

2Q25

Adjusted¹

Change

Total Revenues Less Cost of Revenues

$

731.6

$

587.3

25

%

$

731.6

$

587.3

25

%

Total Operating Expenses

$

255.6

$

248.2

3

%

$

216.7

$

213.3

2

%

Operating Income

$

476.0

$

339.1

40

%

$

514.9

$

374.0

38

%

Operating Margin %

65.1

%

57.7

%

7.4

pp

70.4

%

63.7

%

6.7

pp

Net Income Allocated to Common Stockholders

$

351.8

$

233.9

50

%

$

373.6

$

257.8

45

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