By Denny Jacob
Cboe Global Markets posted higher quarterly results as investors turned to its offering to navigate broader volatility in the market.
The Chicago exchange operator recorded net income of $250.6 million, or $2.37 a share, compared with $209.5 million, or $1.96 a share, in the prior-year period.
Stripping out certain one-time items, earnings came in at $2.50 a share. Analysts polled by FactSet expected $2.36 a share.
Revenue grew to about $1.20 billion from $957.2 million.
Chief Executive Fredric Tomczyk said quarterly results represented strong performances across its derivatives, cash and spot markets, and data vantage categories.
For fiscal 2025, Cboe forecast organic net revenue growth in the mid to high single digits range, up from prior guidance calling for mid single digits growth.
Cboe's results came a day after its board named Craig Donohue as the company's next chief executive officer, effective Wednesday. Tomczyk is expected to remain a member of the board and will transition to an advisory role through the end of June.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
May 02, 2025 07:52 ET (11:52 GMT)
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