Cboe

Cboe

Operates exchange networks for derivatives trading

Overview

Cboe Global Markets operates an exchange network that lists and trades a wide range of financial instruments, including global derivatives, foreign exchange, digital assets, and securities. Its platform matches buy and sell orders, clears and settles trades, and earns revenue from transaction fees and market data. The company serves institutional investors, retail investors, and financial intermediaries through a global infrastructure that facilitates trading and data services. Unlike firms that focus on a single asset class, Cboe offers multiple asset classes and a long history (over 50 years) to provide broad market access and reliable infrastructure. The goal is to power the global economy by creating inclusive markets and helping investors build sustainable financial futures, while also supporting community growth and employee development.

Significant Headcount Growth

About Cboe

Simplify's Rating
Why Cboe is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Quantitative Finance

Financial Services

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

1973

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Simplify's Take

What believers are saying

  • Second-quarter 2026 net revenue hit $731.6 million, up 25%, and guidance rose.
  • June 2026 options volumes set records, including 16.6 million daily multi-listed contracts.
  • Prediction markets and extended-hours trading broaden Cboe's product set and retail distribution.

What critics are saying

  • Cboe sold Australia August 2, 2026 and is exiting Canada, shrinking international breadth.
  • Cboe still relies heavily on S&P-linked options; any OCC or S&P disruption hits revenue fast.
  • Jacqueline Craine sued in Kansas on January 26, 2026, exposing control and retaliation claims.

What makes Cboe unique

  • Cboe owns SPX and VIX franchises, anchoring high-margin index options leadership in 2026.
  • Cboe Predicts launched June 23, 2026, extending outcome trading beyond simple yes-no contracts.
  • C1 expanded 2026 extended-hours equity options, widening access around the U.S. trading day.

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Funding

Total Funding

$45M

Above

Industry Average

Funded Over

0 Rounds

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Flexible Work Hours

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Sick Leave

Paid Holidays

Paid Parental Leave

Fertility Treatment Support

Professional Development Budget

Conference Attendance Budget

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

10%

2 year growth

10%
Yahoo Finance
Aug 16th, 2026
Cboe Global Markets raises quarterly dividend 19% to $0.86, marking 16th consecutive annual increase

Cboe Global Markets has raised its quarterly dividend to $0.86 per share for the third quarter of 2026, up from $0.72. The payment will be made on 15 September 2026 to shareholders of record on 31 August 2026. This marks the 16th consecutive year of dividend increases. The 19% rise reinforces the company's commitment to returning cash to shareholders whilst it expands its clearing and trading services. The dividend growth accompanies Cboe Clear Europe's planned expansion into fixed-income lending through its Securities Financing Transactions service. However, analysts note the company remains heavily reliant on its S&P index options partnership, which presents a concentration risk. Community fair value estimates for the stock range from $143.58 to $317.71 per share, reflecting divergent views on the company's prospects.

PR Newswire
Jul 31st, 2026
Cboe Global Markets hits record Q2 revenue of $732M, up 25%, boosts 2026 growth targets

Cboe Global Markets reported record second-quarter results for 2026, with diluted earnings per share rising 50% to $3.35 and adjusted diluted EPS increasing 45% to $3.56. Net revenue reached a record $731.6 million, up 25% year-over-year. The company raised its full-year organic total net revenue growth target to "mid to high teens" from "low double-digit to mid teens". Data Vantage organic net revenue growth guidance was increased to "low teens" from "low double-digit". Cboe reaffirmed adjusted operating expense guidance of $838 million to $853 million. The Options segment posted record net revenue of $473.9 million, up 30%, driven by a 26% increase in average daily volume. North American Equities net revenue rose 17% to $114.7 million. Chief executive Craig Donohue cited progress in executing the company's growth strategy across event contracts, Cboe Clear US, and around-the-clock market access.

Yahoo Finance
Jul 30th, 2026
Is Cboe (CBOE) Using Its Expanded Credit Facility To Quietly Reposition Its Clearing Strategy?

Cboe Global Markets recently entered into a Third Amended and Restated Credit Agreement, securing a senior unsecured US$400 million five-year revolving credit facility, expandable to US$600 million and maturing on July 24, 2031, with interest rates tied to public debt ratings and key benchmark reference rates. The updated facility not only refreshes legal terms but also adds flexibility in covenants and permissions to better support Cboe’s clearing activities and potential subsidiary...

Yahoo Finance
Jul 13th, 2026
Cboe to launch extended hours for single-stock options as volatility drives record Q1 revenue up 29%

Cboe Global Markets plans to launch extended trading hours for single-stock options on select mega-cap stocks, including the Magnificent Seven (Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla). Trading will begin at 7:30 EDT, two hours before major indexes open, and run until 4:15 EDT. The move benefits Cboe, which generates most revenue from trading fees. The company thrives on volatility — its Constituent Volatility Index (VIXEQ) hit 50 in Q1, amongst the highest levels in five years. Cboe reported record Q1 results, with revenue up 29% and earnings up 54% year-over-year. Options revenue increased 33% on a 10% rise in average daily volume. The stock reached an all-time high of $366 per share on 13 May but has since fallen to $265, up 5% year-to-date.

PR Newswire
Jul 6th, 2026
Cboe Global Markets reports record trading volumes for June 2026

Cboe Global Markets reported record trading volumes for June 2026 across multiple business lines. Multi-listed options averaged 16.6 million contracts daily, up 40.5% year-over-year, whilst index options rose 36.8% to 6.3 million contracts. The company set a single-day volume record of 33.4 million contracts on 5 June. S&P 500 Index options achieved a quarterly average of 5.1 million contracts, with a single-day record of 7.8 million on 5 June. Zero-days-to-expiry SPX options reached a monthly record of 3.3 million contracts. U.S. off-exchange equities saw particularly strong growth, with matched shares up 103.2% year-over-year to 250 million daily. European, Canadian, and Australian equities all posted volume increases exceeding 20%.

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