Cboe Global Markets (CBOE) Operating Expenses (2010 - 2026)
Cboe Global Markets (CBOE) reported Operating Expenses of $223.3 million for Q1 2026, up 5.68% on a YoY basis from $211.3 million in Q1 2025, and down 16.46% quarter-over-quarter from $267.3 million in Q4 2025.
Cboe Global Markets (CBOE) Operating Expenses (2010 - 2026) Analysis & Trends
Cboe Global Markets has reported Operating Expenses for 17 years, with the latest figure at $223.3 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.68% year-over-year to $223.3 million; the trailing twelve-month figure through Mar 2026 stood at $974.0 million (up 0.87% YoY), and the FY2025 full-year result was $962.0 million, down 1.23% from the prior year.
- Operating Expenses for Q1 2026 stood at $223.3 million, down from $267.3 million in the prior quarter.
- The five-year high for Operating Expenses was $661.5 million in Q2 2022, with the low at $178.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $251.3 million across 5 years, with a median of $223.3 million in 2026.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 311.89% — and 2023, when it tumbled 66.39%.
- Cboe Global Markets' Operating Expenses stood at $206.6 million in 2022, then decreased by 0.77% to $205.0 million in 2023, then advanced by 10.24% to $226.0 million in 2024, then rose by 18.27% to $267.3 million in 2025, then fell by 16.46% to $223.3 million in 2026.
- The last three Operating Expenses figures came in at $223.3 million (Q1 2026), $267.3 million (Q4 2025), and $235.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 122.27 Bn | 125.38 Bn | 2.94 Bn | 2.34 Bn |
| 2 | Cme | 88.49 Bn | 88.49 Bn | 1.83 Bn | 570.40 Mn |
| 3 | Moodys | 79.74 Bn | 78.38 Bn | 1.55 Bn | 1.16 Bn |
| 4 | Intercontinental Exchange | 76.18 Bn | 74.71 Bn | - | 1.31 Bn |
| 5 | Nasdaq | 46.59 Bn | 45.91 Bn | 1.41 Bn | 750.00 Mn |
| 6 | Coinbase Global | 43.23 Bn | 42.70 Bn | 1.33 Bn | 1.43 Bn |
| 7 | Msci | 42.63 Bn | 42.25 Bn | 765.10 Mn | 393.90 Mn |
| 8 | Cboe Global Markets | 26.37 Bn | 24.20 Bn | 728.90 Mn | 223.30 Mn |
| 9 | TransUnion | 12.50 Bn | 11.93 Bn | 726.20 Mn | 1.00 Bn |
| 10 | Factset Research Systems | 8.21 Bn | 7.92 Bn | 314.28 Mn | 426.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 223.30 Mn |
| Dec 31, 2025 | 267.30 Mn |
| Sep 30, 2025 | 235.20 Mn |
| Jun 30, 2025 | 248.20 Mn |
| Mar 31, 2025 | 211.30 Mn |
| Dec 31, 2024 | 226.00 Mn |
| Sep 30, 2024 | 224.60 Mn |
| Jun 30, 2024 | 303.70 Mn |
| Mar 31, 2024 | 219.70 Mn |
| Dec 31, 2023 | 205.00 Mn |
| Sep 30, 2023 | 209.30 Mn |
| Jun 30, 2023 | 222.30 Mn |
| Mar 31, 2023 | 223.50 Mn |
| Dec 31, 2022 | 206.60 Mn |
| Sep 30, 2022 | 205.60 Mn |
| Jun 30, 2022 | 661.50 Mn |
| Mar 31, 2022 | 178.40 Mn |
| Dec 31, 2021 | 169.90 Mn |
| Sep 30, 2021 | 178.80 Mn |
| Jun 30, 2021 | 160.60 Mn |