Cboe Global Markets, Inc. (CBOE) stock

CBOECBOESecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 20/3014% above fair value

$375.42+6.53 (+1.77%)

Close on Nov 13, 2026Market cap $39.17BP/E 26.7Yield 0.72%

Cboe Global Markets statistics

113 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 5, 2027 (estimated, before the open)
Last ex-dividend date: Aug 31, 2026
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $39.17B; $635.41M
Enterprise Value: $37.91B; $511.14M
PE Ratio: 26.70; 18.28
PS Ratio: 7.42; 3.22
PB Ratio: 6.61; 1.09
P/TBV Ratio: 22.91; 1.10
P/FCF Ratio: 15.48; 13.69
P/OCF Ratio: 14.92; 12.66

Enterprise valuationIndustry

EV / Sales: 7.18; 2.32
EV / EBITDA: 18.62; 14.78
EV / EBIT: 19.75; 17.55
EV / FCF: 14.99; 12.35

Share statisticsIndustry

Shares Outstanding: 104M; 35M
Shares Change (YoY): -0.12%; 1.07%
Shares Change (QoQ): -0.17%; 1.29%
Float: 104M; 25M
Shares Held by Insiders: 0.25%; 0.00%
Shares Held by Institutions: 89.2%; 36.4%

Short sellingIndustry

Short Interest: 2M; –
Short Interest Change: -29.0%; -2.10%
Short % of Float: 2.03%; 2.13%
Short % of Shares Outstanding: 2.02%; 1.55%
Days to Cover: 1.65; 2.08

Stock price statisticsIndustry

52-Week High: $378.35; –
52-Week Low: $227.15; –
20-Day Moving Average: $340.74; –
50-Day Moving Average: $305.04; –
200-Day Moving Average: $296.84; –
Average True Range (14): $12.33; –
Price Change (1 Week): 6.27%; -2.38%
Price Change (1 Month): 21.9%; -7.46%
Price Change (3 Months): 27.3%; -1.46%
Price Change (6 Months): 3.42%; -10.7%
Price Change (YTD): 49.6%; -18.8%
Price Change (1 Year): 43.9%; -10.1%
Price Change (3 Years): 111.6%; 46.9%
Price Change (5 Years): 186.7%; 12.8%
Price Change (10 Years): 445.9%; 134.2%
Average Volume (10 Days): 1M; –
Average Volume (20 Days): 1M; –
Average Volume (90 Days): 1M; –
Relative Volume: 0.84; 0.74
Relative Strength Index (14): 74.7; 38.4
Volatility (1 Year): 36.6%; 44.5%
Beta (5 Years): 0.24; 0.78

MarginsIndustry

Gross Margin: 53.9%; 53.9%
Operating Margin: 36.4%; 17.9%
Pretax Margin: 38.2%; 21.2%
Profit Margin: 28.0%; 14.6%
EBITDA Margin: 38.6%; 19.8%
FCF Margin: 47.9%; 20.5%

Returns on capitalIndustry

Return on Equity (ROE): 27.4%; 11.9%
Return on Assets (ROA): 14.6%; 2.23%
Return on Invested Capital (ROIC): 36.2%; 3.30%
Return on Capital Employed (ROCE): 26.9%; 4.91%

Financial positionIndustry

Current Ratio: 1.61; 1.70
Quick Ratio: 0.78; 0.78
Debt / Equity: 0.24; 0.21
Debt / EBITDA: 0.71; 1.35
Debt / FCF: 0.57; 0.45
Net Debt / EBITDA: -0.62; -0.65
Interest Coverage: 36.29; 6.05

GrowthIndustry

Revenue Growth (YoY): 14.3%; 13.5%
Net Income Growth (YoY): 50.6%; 12.1%
EPS Growth (YoY): 51.0%; 12.7%
FCF Growth (YoY): 311.1%; 17.6%
Revenue Growth (3Y CAGR): 6.00%; 11.9%
Revenue Growth (5Y CAGR): 6.59%; 9.20%
EPS Growth (3Y CAGR): 68.2%; 11.0%
EPS Growth (5Y CAGR): 19.5%; 8.95%

EfficiencyIndustry

Asset Turnover: 0.52; 0.25
Revenue Per Employee: $3.18M; $1.01M
Profits Per Employee: $891.33K; $124.33K
Employee Count: 1,661; 700
WACC: 7.46%; 8.80%

Income statement (TTM)Industry

Revenue: $5.28B; $887.09M
Gross Profit: $2.84B; $648.32M
Operating Income: $1.92B; $7.83M
Pretax Income: $2.02B; $253.40M
Net Income: $1.48B; $35.15M
EBITDA: $2.04B; $71.29M
EPS (Diluted): $14.06; $2.04

Balance sheetIndustry

Cash & Short-Term Investments: $2.70B; $74.07M
Total Debt: $1.44B; $265.31M
Net Cash (Debt): $1.26B; $43.44M
Net Cash Per Share: $12.07; $1.66
Equity (Book Value): $5.93B; $503.26M
Book Value Per Share: $56.81; $20.64
Tangible Book Value: $1.71B; $226.58M
Working Capital: $2.48B; $50.06M

Cash flow (TTM)Industry

Operating Cash Flow: $2.63B; $18.33M
Capital Expenditures: -$96.40M; -$13.10M
Free Cash Flow: $2.53B; $366.83M
FCF Per Share: $24.25; $2.11

Dividends and yieldsIndustry

Earnings Yield: 3.78%; 3.95%
FCF Yield: 6.46%; 6.23%
Dividend Yield: 0.72%; 1.66%
Buyback Yield: 0.34%; 1.88%
Shareholder Yield: 1.06%; 2.91%
Dividend Per Share: $2.70; $1.40
Dividend Growth (YoY): 14.4%; 5.80%
Years of Dividend Growth: 11; 2
Payout Ratio: 21.4%; 42.3%
FCF Payout Ratio: 12.6%; 25.6%

Taxes and interestIndustry

Interest Expense: $52.90M; $38.36M
Income Tax: $535.90M; $37.71M
Effective Tax Rate: 26.6%; 21.5%

Scores and fair valueIndustry

Graham Number: $134.05; $42.72
Graham Upside: -64.3%; -37.7%
Altman Z-Score: 6.29; 11.57
Piotroski F-Score: 9; 5
Lynch Fair Value: $274.63; –
Lynch Upside: -26.8%; -21.7%

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	CBOE	S&P 500	Difference	CBOE per year	S&P 500 per year
1 month	+28.5%	-3.0%	+31.5 pts
3 months	+28.5%	-2.8%	+31.2 pts
Year to date	+50.7%	+11.5%	+39.2 pts
1 year	+45.5%	+13.5%	+32.0 pts
3 years	+116.3%	+77.7%	+38.6 pts	+29.3%	+21.1%
5 years	+204.3%	+72.6%	+131.7 pts	+24.9%	+11.5%
10 years	+526.3%	+308.2%	+218.1 pts	+20.1%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

2M CBOE shares were sold short on Oct 30, 2026, down 29.0% from the previous report, or 2.03% of the shares available to trade. At recent volumes it would take 1.6 days to buy them back. Over the last 20 sessions, 49.9% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	2,109,859	-29.0%	1,281,978	1.6
Oct 15, 2026	2,972,229	-10.8%	1,296,804	2.3
Sep 30, 2026	3,332,076	+7.2%	1,284,348	2.6
Sep 15, 2026	3,108,903	+1.5%	931,234	3.3
Aug 31, 2026	3,062,548	+1.0%	1,134,554	2.7
Aug 14, 2026	3,032,712	-6.0%	801,312	3.8
Jul 31, 2026	3,224,650	-21.2%	1,176,524	2.7
Jul 15, 2026	4,090,550	-12.4%	1,215,403	3.4
Jun 30, 2026	4,667,853	+9.8%	2,362,740	2.0
Jun 15, 2026	4,251,510	+5.5%	2,019,152	2.1
May 29, 2026	4,029,485	-2.2%	1,009,792	4.0
May 15, 2026	4,119,686	-1.1%	1,088,434	3.8

Ratios use trailing-twelve-month results and the latest balance sheet. How we calculate.

Where these numbers come from

Parsed from the XBRL in Cboe Global Markets's annual and quarterly filings with the SEC
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Against peers

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is CBOE.

Compare: CBOE vs CME · CBOE vs NDAQ · CBOE vs TW · CBOE vs ICE · CBOE vs BGC

Revenue growth14.3% · median 12.1%

Operating margin36.4% · median 42.4%

Net margin28.0% · median 26.2%

Company	Revenue	Growth
ICE	$14.05B	+12.1%
NDAQ	$9.15B	+11.5%
CME	$6.97B	+9.0%
CBOE	$5.28B	+14.3%
BGC	$3.39B	+22.9%
TW	$2.28B	+14.4%

Company

Next earnings (est.): Feb 5, 2027, before open
Exchange: CBOE
Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
Fiscal year ends: December 31
Employees: 1,661
Held by institutions: 89.2%
Auditor: KPMG LLP
SEC CIK: 1374310

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