By Nicholas G. Miller

Cboe Global Markets reported higher third-quarter profit and sales and said it would realign its business portfolio.

The exchange operator reported net income allocated to common stockholders of $299.3 million, or $2.85 a share, up from $217.4 million, or $2.07 a share, the year prior.

Adjusted earnings were $2.67 a share. Analysts expected $2.54, according to FactSet.

Net revenue rose 14% to $605.5 million, beating Wall Street's expectation of $590.5 million. Total revenues rose to $1.14 billion from $1.06 billion, the year before.

The company said it would sell Cboe Australia and Cboe Canada and discontinue its U.S. and European corporate listings efforts. It also said it would cut costs in its U.S. and European ETP listings business, its Cboe Europe derivatives division and several of its smaller risk and market analytics businesses.

Cboe said the portfolio realignment would annually result in a 3% reduction in net revenue and an 8% to 10% reduction in adjusted operating expenses.

The company raised its forecast for full-year organic net revenue growth to be in the low double-digit to mid-teens range, up from previous guidance of high single-digits.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

October 31, 2025 07:57 ET (11:57 GMT)

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