By Elias Schisgall

Cboe Global Markets reported a jump in profit and net revenue in the fourth quarter as the company said its restructuring efforts were beginning to bear fruit.

The Chicago-based financial exchange operator on Friday posted a profit of $312.2 million, or $2.97 a share, a 60% jump from the company's profit of $195.6 million, or $1.86 a share, a year earlier.

On an adjusted basis, Cboe recorded earnings of $3.06 a share, ahead of Wall Street's expectation of $2.94 a share, according to FactSet.

Net revenue rose 28% to $671.1 million, compared with $524.5 million a year earlier. Analysts surveyed by FactSet were expecting $659.5 million.

The company said last quarter that it would sell its Australian and Canadian businesses and scale down certain other operations in the U.S. and Europe. Chief Executive Officer Craig Donohue said Friday that those efforts were paying off.

"Our recent strategic realignment is enabling us to allocate more resources toward growth and value creation in our core businesses, while also better positioning Cboe to capitalize on emerging opportunities," Donohue said.

For the current year, Cboe is projecting organic net revenue growth in the mid single digit range. It is planning for adjusted operating expenses between $864 million and $879 million and capital expenditures between $73 million and $83 million.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 06, 2026 07:54 ET (12:54 GMT)

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