Cboe Global Markets (CBOE) Net Margin (2010 - 2026)
Cboe Global Markets' Net Margin was 31.40% in Q3 2026, up 5.19 percentage points from 26.22% a year earlier and up 7.02 percentage points from the prior quarter.
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Analysis
Cboe Global Markets (CBOE) Net Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Cboe Global Markets' Net Margin was 27.94% through Sep 30, 2026, up 6.76 percentage points year-over-year; for FY2025, it was 23.22%, up 4.64 percentage points from FY2024.
- Net Margin shows a five-year change of +9.60 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 18.59% in FY2024 (-1.49 pp), 20.07% in FY2023 (+14.16 pp), 5.91% in FY2022 (-9.17 pp) and 15.09% in FY2021 (+1.46 pp).
- The Q3 2026 figure marks the highest quarterly Net Margin since Q4 2017.
- Compared with a year earlier, Net Margin has increased for six straight quarters, with an average year-over-year change of +4.18 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q2 2023 (a gain of 37.11 percentage points); the worst was Q2 2022 (a drop of 31.85 percentage points).
- Per Business Quant data, CBOE's Net Margin in the three quarters before Q3 2026 was 24.38% (Q2 2026), 30.18% (Q1 2026) and 25.93% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 108.95 Bn | 97.29 Bn | - | 59.68% |
| 2 | Bank of New York Mellon | 102.82 Bn | 36.44 Bn | - | 28.31% |
| 3 | Intercontinental Exchange | 98.21 Bn | 91.10 Bn | - | 25.90% |
| 4 | Robinhood Markets | 74.92 Bn | 54.46 Bn | - | 32.87% |
| 5 | Nasdaq | 60.69 Bn | 58.13 Bn | 1.48 Bn | 22.57% |
| 6 | State Street | 46.98 Bn | 46.98 Bn | - | 25.72% |
| 7 | Cboe Global Markets | 36.89 Bn | 27.37 Bn | 712.20 Mn | 31.40% |
| 8 | Interactive Brokers | 35.15 Bn | 11.46 Bn | - | 16.41% |
| 9 | Northern Trust | 32.35 Bn | 32.35 Bn | - | 45.64% |
| 10 | Tradeweb Markets | 27.24 Bn | 19.05 Bn | - | 33.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 31.40% |
| 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% |
API Access
Cboe Global Markets Net 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=net-margin&ticker=CBOE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CBOE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();