Cboe Global Markets (CBOE) Gross Margin (2016 - 2026)
Cboe Global Markets (CBOE) posted Gross Margin of 52.41% for Q3 2026, down 0.62 percentage points from 53.03% a year earlier but up 1.71 percentage points from the prior quarter.
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Analysis
Cboe Global Markets (CBOE) Gross Margin (2016 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Gross Margin at Cboe Global Markets was 53.88%, up 4.45 percentage points year-over-year; for FY2025, it came in at 51.53%, up 0.91 percentage points from FY2024.
- Annual Gross Margin shows a five-year change of +14.93 percentage points (FY2020 to FY2025).
- In prior years, Cboe Global Markets' Gross Margin was 50.61% in FY2024 (-0.21 pp), 50.83% in FY2023 (+6.83 pp), 44.00% in FY2022 (+1.76 pp) and 42.24% in FY2021 (+5.64 pp).
- Quarterly Gross Margin has run from a low of 42.90% in Q1 2022 to a high of 57.27% in Q1 2026 over five years.
- On a year-over-year basis, Gross Margin increased in four of the last eight quarters, with an average year-over-year change of +1.13 percentage points.
- The strongest year-over-year quarter for Gross Margin in the past five years was Q1 2026, with a gain of 9.97 percentage points; the weakest was Q1 2025, with a drop of 5.16 percentage points.
- According to Business Quant data, Gross Margin for the three prior quarters was 50.71% (Q2 2026), 57.27% (Q1 2026) and 55.74% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 109.34 Bn | 97.67 Bn | - | - |
| 2 | Bank of New York Mellon | 103.32 Bn | 36.94 Bn | - | - |
| 3 | Intercontinental Exchange | 97.84 Bn | 90.74 Bn | - | - |
| 4 | Robinhood Markets | 73.91 Bn | 53.45 Bn | - | - |
| 5 | Nasdaq | 60.30 Bn | 57.74 Bn | 1.48 Bn | 61.89% |
| 6 | State Street | 47.09 Bn | 47.09 Bn | - | - |
| 7 | Cboe Global Markets | 37.14 Bn | 27.62 Bn | 712.20 Mn | 52.41% |
| 8 | Interactive Brokers | 35.28 Bn | 11.58 Bn | - | - |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | - |
| 10 | Tradeweb Markets | 26.89 Bn | 18.69 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 52.41% |
| 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% |
API Access
Cboe Global Markets Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=CBOE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "CBOE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=CBOE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();