Cboe Global Markets reported FY 2025 results with total revenues of USD 4.71 billion (up 15%), operating income of USD 1.47 billion (up 34%) and net income of USD 1.10 billion (up 44%). Net income allocated to common stockholders was USD 1.09 billion (up 44%), with diluted EPS of USD 10.42 (up 45%). Adjusted EBITDA was USD 1.65 billion (up 22%), and adjusted diluted EPS was USD 10.67 (up 24%). By segment in FY 2025, Options revenues were USD 2.43 billion (up 22%), North American Equities USD 1.67 billion (up 8%), Europe and Asia Pacific USD 378.6 million (up 17%), Futures USD 135.9 million (down 4%), and Global FX USD 93.8 million (up 17%). Operationally, options market ADV rose to 60.8 million contracts (up 25%) and U.S. equities market ADV increased to 17.6 billion shares (up 45%), while Futures ADV was 227.2 thousand (down 5%). Cash and spot markets revenue was USD 1.83 billion (up 10%), Data Vantage revenue was USD 635.5 million (up 10%), and derivatives markets revenue was USD 2.24 billion (up 21%). Corporate and business updates during 2025 included a CEO transition to Craig S. Donohue (effective May 7, 2025) and additional leadership changes across strategy, derivatives and data. Following a strategic review, Cboe Global Markets initiated the wind down of its Japanese equities business, discontinued U.S. and European Corporate Listings efforts, reduced costs in parts of its listings, CEDX and certain analytics businesses, and began a sales process for its Cboe Australia and Cboe Canada businesses; after year-end, it also initiated the wind down of CEDX. In digital assets, cash-settled Bitcoin and Ether futures contracts were migrated from Cboe Digital Exchange to Cboe Futures Exchange on June 9, 2025, and Cboe Digital Exchange no longer lists or trades any products.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBOE Global Markets Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-010013), on February 20, 2026, and is solely responsible for the information contained therein.