Cboe Global Markets (CBOE) Net Margin (2010 - 2026)
Cboe Global Markets' (CBOE) quarterly Net Margin came in at 24.38% in Q2 2026, up 445.0% on a YoY basis from 4.47% in Q2 2025, and down 19.2% quarter-over-quarter from 30.18% in Q1 2026.
Analysis
Cboe Global Markets (CBOE) Net Margin (2010 - 2026) Analysis & Trends
Cboe Global Markets (CBOE) has reported Net Margin for 17 consecutive years, with 24.38% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 445.0% year-over-year to 24.38%; the trailing twelve-month figure through Jun 2026 stood at 26.62% (up 684.0% YoY), and the FY2025 full-year result was 23.22%, up 464.0% from the prior year.
- Net Margin fell to 24.38% in Q2 2026 per CBOE's latest filing, from 30.18% in the prior quarter.
- Across five years, Net Margin topped out at 30.18% in Q1 2026 and bottomed at 18.72% in Q2 2022.
- Historically, Net Margin has averaged 18.09% across 5 years, with a median of 20.26% in 2024.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 3185 bps in 2022, then soared 3711 bps in 2023.
- Over 5 years, Net Margin stood at 15.87% in 2022, then jumped by 37 bps to 21.76% in 2023, then fell by 19 bps to 17.66% in 2024, then jumped by 47 bps to 25.93% in 2025, then dropped by 6 bps to 24.38% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 24.38%, 30.18%, and 25.93% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 101.06 Bn | 101.06 Bn | 1.65 Bn | 61.06% |
| 2 | Intercontinental Exchange | 90.48 Bn | 88.60 Bn | - | 27.00% |
| 3 | Nasdaq | 54.45 Bn | 53.73 Bn | 1.50 Bn | 20.02% |
| 4 | Cboe Global Markets | 31.27 Bn | 28.88 Bn | 731.60 Mn | 24.38% |
| 5 | Tradeweb Markets | 24.86 Bn | 23.51 Bn | - | 36.98% |
| 6 | Marketaxess Holdings | 5.75 Bn | 5.47 Bn | - | 31.28% |
| 7 | Miami International Holdings | 4.18 Bn | 3.51 Bn | 141.11 Mn | 11.40% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 24.38% |
| Mar 31, 2026 | 30.18% |
| Dec 31, 2025 | 25.93% |
| Sep 30, 2025 | 26.22% |
| Jun 30, 2025 | 19.93% |
| Mar 31, 2025 | 20.87% |
| Dec 31, 2024 | 17.66% |
| Sep 30, 2024 | 20.59% |
| Jun 30, 2024 | 14.34% |
| Mar 31, 2024 | 21.76% |
| Dec 31, 2023 | 21.76% |
| Sep 30, 2023 | 22.79% |
| Jun 30, 2023 | 18.40% |
| Mar 31, 2023 | 17.47% |
| Dec 31, 2022 | 15.87% |
| Sep 30, 2022 | 15.06% |
| Jun 30, 2022 | -18.72% |
| Mar 31, 2022 | 11.21% |
| Dec 31, 2021 | 19.08% |
| Sep 30, 2021 | 14.69% |