Cboe Global Markets, IncBATS: CBOE
Financials · Financial Exchanges & Data
$327.94
+9.28%
Vol: 7.6M
Research Digest
Friday, May 1, 2026
Cboe Global Markets crushed Q1 2026 estimates with 29% revenue growth and raised 2026 guidance to low double-digit to mid-teens from mid single-digit, driving stock up 6.46% today.
Cboe Global Markets reported exceptional Q1 2026 results on May 1, 2026 with net revenue of $728.9 million (+29% YoY), diluted EPS of $3.66 (+54% YoY), and adjusted EPS of $3.70 (+48% YoY). The company significantly raised 2026 guidance to low double-digit to mid-teens organic revenue growth and reduced operating expense guidance to $838-$853M. Record Global FX revenue of $29.4M (+38% YoY) and European Equities market share of 25.5% drove outperformance. CBOE announced strategic realignment with ~20% headcount reduction. Stock gained 6.46%.
Previous Market Intelligence
13 daysApr 30Cboe set for strong Q1 2026 earnings with 30% EPS growth projectedPositive▶
Cboe Global Markets is poised to report Q1 2026 earnings on May 1 with projected revenue growth of 21.8% and EPS growth of 30.4%. The company announced plans to sell Canadian and Australian equities exchanges for $300M on April 22. Cboe launched near 24/5 U.S. equities trading pending SEC approval by December 2026. Total 2025 options volume reached 4.6 billion contracts. Stock closed at $303.64 with double-digit returns over the past year and 22.38% year-to-date gains.
Apr 29CBOE to launch 24x5 equities trading Dec 2026; selling Canada/Australia ops for $300MPositive▶
Cboe Global Markets announced definitive agreement to sell Canadian and Australian equities exchanges to TMX Group for $300M aggregate price on April 22. Company set to launch near 24x5 U.S. equities trading by December 2026 pending SEC approval. Q1 earnings expected May 1 before open with consensus $3.26 EPS (Most Accurate Estimate $3.38, +3.42% ESP) and $688.37M revenue (+21.8% YoY). Under new CEO Craig Donohue, optimization strategy includes exiting cryptocurrency trading (2024) and closing Japan exchange (2025). CNBC collaboration expanding live Chicago trading floor coverage.
Apr 16Cboe Global Markets Q1 2026 earnings due May 1; 2025 revenue grew 15.13% to $4.71B with earnings up 43.86%; near 24x5 equities trading planned for Dec 2026.Mixed▶
Cboe Global Markets will release Q1 2026 financial results on May 1, 2026 before market open, with analysts expecting 19.2% EPS growth YoY. In 2025, revenue reached $4.71 billion (+15.13%) and earnings were $1.09 billion (+43.86%). The exchange is set to launch near 24x5 U.S. equities trading by December 2026, pending SEC approval. Morgan Stanley maintained a Sell rating but raised the price target to $273 from $246. Multiple analysts have raised price targets recently across Buy, Hold, and Sell recommendations.
Apr 15Cboe Global Markets and CNBC launch multi-year collaboration for daily live market coverage; March trading volume hits record levels.Positive▶
Cboe and CNBC launched a multi-year partnership delivering daily live market coverage. March 2026 trading volumes hit records with SPX options ADV of 5.4 million contracts. Cboe plans near 24x5 equities trading by December 2026. Morgan Stanley maintains Sell but raised target to $273.
Apr 14CBOE reports record March trading volumes and announces CNBC collaboration; multiple analyst price target increases.Positive▶
Cboe Global Markets reported record March 2026 trading volumes including quarterly and monthly ADV records for proprietary index options and SPX options. CNBC expanded live market coverage from Chicago trading floor starting April 6. Multiple analysts raised price targets: Morgan Stanley to $273, TD Cowen to $293, Barclays to $351.
Apr 13Cboe reported record Q1 2026 options volume and launched CNBC studio coverage, pending SEC approval for 24-hour equity trading.Positive▶
Cboe reported Q1 2026 records including 6.1 million proprietary index options contracts DAV and 6.9 million monthly DAV. Launched live market coverage from Chicago trading floor with CNBC. Plans 24-hour equities trading on EDGX by December 2026 pending SEC approval. Q1 earnings May 1 with $2.98 EPS consensus (+19.2% YoY). COO Chris Isaacson retiring. Stock at $295.95 with Hold consensus.
Apr 10Cboe records proprietary index options record; Barclays and TD Cowen raise price targets on bullish volatility outlook.Positive▶
Cboe proprietary index options hit monthly record 6.9M ADV contracts and quarterly record 6.1M ADV. Barclays raised target to $351 from $317 (April 8), TD Cowen raised to $293 from $284. CNBC launched multi-year collaboration for daily live floor coverage. Cboe filed for SEC approval of near 24x5 U.S. equities trading.
Apr 9CBOE reports record March and Q1 volumes; launches 24x5 equities trading by December 2026Neutral▶
Cboe Global Markets posted record March and Q1 2026 volumes across options, equities, and FX with issued preliminary Q1 2026 revenue-per-contract guidance. 2025 revenue reached $4.71 billion, up 15.13% from $4.09 billion in 2024, with earnings of $1.09 billion, up 43.86%. Company set to launch near 24x5 U.S. equities trading by December 2026 pending SEC approval. U.S. options trading volume in 2025 hit 15.2 billion contracts, up 26% from prior year. CNBC expanded live market coverage from Chicago trading floor starting April 6. Consensus Hold rating with 12-month target of $271.0.
Apr 8Cboe reports record March 2026 volumes; UBS raises price target on strong earnings guidancePositive▶
Cboe Global Markets posted record March and Q1 2026 trading volumes with index options ADV up 28.6% YoY to 6.136M contracts and FX spot ADNV hitting $74.5B (42.9% YoY increase). The company launched a multi-year CNBC collaboration starting April 6 and announced plans for 24-hour, 5-day equities trading on EDGX pending SEC approval. UBS raised its price target to $305 from $290 while maintaining Neutral rating, increasing Q1 EPS estimate by ~13% to $3.41. 2025 revenue grew 15.13% to $4.71B; earnings up 43.86% to $1.09B. Stock trades at $293.09.
Apr 7Cboe reports record March 2026 trading volumes; CNBC partnership; SEC filing for 24x5 trading.Positive▶
Cboe March 2026 record volumes: 6.9M SPX options ADV, $74.5B FX spot (+42.9% YoY). CNBC daily programming from Chicago floor April 6. SEC filing for 24x5 US equities on EDGX (Dec approval pending). Q4 EPS $3.06 beat $2.95. Q1 2026 May 1. 9 analysts Hold at $271.
Apr 6CBOE and CNBC Launch Multi-Year Partnership Starting April 6Positive▶
Cboe Global Markets (CBOE) and CNBC announced a multi-year collaboration beginning April 6, 2026, expanding daily CNBC programming to Cboe's Chicago trading floor. The partnership will deliver real-time analysis of breaking news, market volatility, and options activity across linear and digital platforms from the heart of U.S. options trading. Announcement comes amid record demand for U.S. options as a risk management tool, with 2025 options volume reaching 15.2 billion contracts, up 26% versus 2024. CBOE shares rallied $9.66 (3.45%) to close at $289.95, reflecting positive market reception.
Apr 3Cboe and CNBC announced multi-year partnership beginning April 6 featuring daily live trading floor coverage.Positive▶
Cboe Global Markets and CNBC announced a multi-year collaboration launching April 6 that will bring daily CNBC programming to Cboe's historic Chicago trading floor. Cboe released its 2025 Annual Report highlighting record performance with U.S. derivatives franchise revenue up 22%. Total volume reached a record 4.6 billion contracts. SPX options volume exceeded 970 million contracts with 0DTE representing 59%. Stock at new all-time highs with 13.0% YTD returns.
Apr 2Cboe and CNBC announce multi-year partnership launching April 6; U.S. options volume hits record 15.2B contracts, up 26% YoY.Positive▶
Cboe Global Markets and CNBC announced a multi-year collaboration beginning April 6, 2026, bringing daily CNBC programming to Cboe's Chicago trading floor with live market coverage and options activity analysis. U.S. options trading reached 15.2 billion contracts in 2025, up 26% from 2024. Cboe filed SEC proposal to launch near 24x5 U.S. equities trading by December 2026 and announced BITVX, a new Bitcoin volatility index. Stock trading at $282.30, up from $273.00 close. Recent 30-day return of 5.78%.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| CBOECBOE | $327.94 | +9.28% | +1.4% | 22.5x | 0.37 | $31.4B |
| SPGIS+P | $426.22 | -1.16% | -0.7% | 19.4x | 1.20 | $127.6B |
| CMECME | $289.91 | +0.73% | -6.7% | 22.4x | 0.30 | $104.3B |
| ICEINTERCONTINENTAL | $155.30 | -1.77% | -5.0% | 18.1x | 1.04 | $89.5B |
| MCOMOODY | $456.91 | -1.07% | +4.0% | 24.9x | 1.45 | $80.7B |
| NDAQNASDAQ | $91.42 | -0.53% | +4.6% | 20.8x | 1.02 | $52.0B |
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