Cboe Global Markets (CBOE) Gross Margin (2016 - 2026)
Cboe Global Markets' (CBOE) quarterly Gross Margin came in at 50.71% in Q2 2026, up 66.0% on a YoY basis from 30.55% in Q2 2025, and down 11.46% quarter-over-quarter from 57.27% in Q1 2026.
Analysis
Cboe Global Markets (CBOE) Gross Margin (2016 - 2026) Analysis & Trends
Cboe Global Markets (CBOE) has reported Gross Margin for 11 consecutive years, with 50.71% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin rose 66.0% year-over-year to 50.71%; the trailing twelve-month figure through Jun 2026 stood at 54.08% (up 533.0% YoY), and the FY2025 full-year result was 51.53%, up 91.0% from the prior year.
- Gross Margin declined to 50.71% in Q2 2026 per CBOE's latest filing, from 57.27% in the prior quarter.
- Across five years, Gross Margin topped out at 57.27% in Q1 2026 and bottomed at 42.9% in Q1 2022.
- Historically, Gross Margin has averaged 49.81% across 5 years, with a median of 50.55% in 2026.
- The sharpest annual moves came in 2025 and 2026: Gross Margin slumped 516 bps in 2025, then surged 997 bps in 2026.
- Over 5 years, Gross Margin stood at 45.5% in 2022, then increased by 13 bps to 51.51% in 2023, then retreated by 8 bps to 47.35% in 2024, then grew by 18 bps to 55.74% in 2025, then retreated by 9 bps to 50.71% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 50.71%, 57.27%, and 55.74% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn | 96.49% |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - | - |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn | 59.24% |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn | 50.71% |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - | - |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - | - |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 36.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 50.71% |
| Mar 31, 2026 | 57.27% |
| Dec 31, 2025 | 55.74% |
| Sep 30, 2025 | 53.03% |
| Jun 30, 2025 | 50.05% |
| Mar 31, 2025 | 47.30% |
| Dec 31, 2024 | 47.35% |
| Sep 30, 2024 | 50.39% |
| Jun 30, 2024 | 52.75% |
| Mar 31, 2024 | 52.46% |
| Dec 31, 2023 | 51.51% |
| Sep 30, 2023 | 52.87% |
| Jun 30, 2023 | 51.45% |
| Mar 31, 2023 | 47.70% |
| Dec 31, 2022 | 45.50% |
| Sep 30, 2022 | 44.53% |
| Jun 30, 2022 | 43.02% |
| Mar 31, 2022 | 42.90% |
| Dec 31, 2021 | 45.07% |
| Sep 30, 2021 | 45.24% |