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Cboe Global Markets, Inc., the world's leading derivatives and securities exchange network, delivers cutting-edge trading, clearing, and investment solutions to people around the world. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX, across North America, Europe, and Asia Pacific.
Margins and capital returns are both well above average: 31.13% operating margin, ROIC at 15.87%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 15.2% YoY with margins expanding 4.3pp.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$4.79B
▲ +15.2% YoY
Net Income (TTM)
$1.24B
▲ +43.8% YoY
Op. Margin
33.78%
▲ +4.3pp YoY
ROIC
16.98%
▲ +2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$2.72B
▲ +61.7% YoY
Op. Cash Flow (TTM)
$2.80B
▲ +59.2% YoY
Net Debt
-$586M
Net Cash Position
Cash & Equiv.
$2.17B
5Y CAGR: +6.6%
5Y CAGR: +3.6%
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