Cboe Global Markets (CBOE) Operating Margin (2010 - 2026)
Cboe Global Markets posted quarterly Operating Margin of 39.72% for Q1 2026, up 1011.0% year-on-year from 3.58% in Q1 2025, and up 18.44% on a QoQ basis from 33.54% in Q4 2025.
Cboe Global Markets (CBOE) has 17 years of Operating Margin data on file, last reported at 39.72% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 1011.0% year-over-year to 39.72%; the trailing twelve-month figure through Mar 2026 stood at 33.78% (up 678.0% YoY), and the FY2025 full-year result was 31.12%, up 429.0% from the prior year.
- Operating Margin for Q1 2026 stood at 39.72%, up from 33.54% in the prior quarter.
- Across five years, Operating Margin topped out at 39.72% in Q1 2026 and bottomed at 24.08% in Q2 2022.
- The 5-year median for Operating Margin is 28.9% (2025), against an average of 25.46%.
- The widest annual swing landed in 2022, when Operating Margin slumped 4781 bps; it then soared 5105 bps in 2023.
- A 5-year view of Operating Margin shows it stood at 24.93% in 2022, then advanced by 22 bps to 30.35% in 2023, then fell by 11 bps to 26.95% in 2024, then climbed by 24 bps to 33.54% in 2025, then climbed by 18 bps to 39.72% in 2026.
- The last three Operating Margin figures came in at 39.72% (Q1 2026), 33.54% (Q4 2025), and 32.43% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | S&P Global | 126.06 Bn | 129.16 Bn | 2.94 Bn | 48.00% |
| 2 | Cme | 98.29 Bn | 98.29 Bn | 1.83 Bn | 69.66% |
| 3 | Intercontinental Exchange | 83.83 Bn | 82.37 Bn | - | 55.93% |
| 4 | Moodys | 80.13 Bn | 78.77 Bn | 1.55 Bn | 44.35% |
| 5 | Nasdaq | 52.44 Bn | 51.76 Bn | 1.41 Bn | 30.74% |
| 6 | Coinbase Global | 50.05 Bn | 49.52 Bn | 1.33 Bn | -1.52% |
| 7 | Msci | 46.28 Bn | 45.89 Bn | 765.10 Mn | 53.70% |
| 8 | Cboe Global Markets | 34.92 Bn | 32.75 Bn | 728.90 Mn | 39.72% |
| 9 | TransUnion | 13.79 Bn | 13.22 Bn | 726.20 Mn | 19.65% |
| 10 | Factset Research Systems | 9.06 Bn | 8.78 Bn | 314.28 Mn | 30.27% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 39.72% |
| Dec 31, 2025 | 33.54% |
| Sep 30, 2025 | 32.43% |
| Jun 30, 2025 | 28.90% |
| Mar 31, 2025 | 29.62% |
| Dec 31, 2024 | 26.95% |
| Sep 30, 2024 | 29.12% |
| Jun 30, 2024 | 21.57% |
| Mar 31, 2024 | 29.50% |
| Dec 31, 2023 | 30.35% |
| Sep 30, 2023 | 29.84% |
| Jun 30, 2023 | 26.97% |
| Mar 31, 2023 | 25.09% |
| Dec 31, 2022 | 24.93% |
| Sep 30, 2022 | 23.83% |
| Jun 30, 2022 | -24.08% |
| Mar 31, 2022 | 24.60% |
| Dec 31, 2021 | 25.46% |
| Sep 30, 2021 | 23.35% |
| Jun 30, 2021 | 23.73% |
| Mar 31, 2021 | 20.24% |
| Dec 31, 2020 | 15.97% |
| Sep 30, 2020 | 17.57% |
| Jun 30, 2020 | 18.61% |
| Mar 31, 2020 | 24.57% |
| Dec 31, 2019 | 19.91% |
| Sep 30, 2019 | 21.82% |
| Jun 30, 2019 | 20.17% |
| Mar 31, 2019 | 24.13% |
| Dec 31, 2018 | 23.61% |
| Sep 30, 2018 | 21.90% |
| Jun 30, 2018 | 19.34% |
| Mar 31, 2018 | 21.56% |
| Dec 31, 2017 | 17.51% |
| Sep 30, 2017 | 19.51% |
| Jun 30, 2017 | 18.38% |
| Mar 31, 2017 | 7.33% |
| Dec 31, 2016 | 42.78% |
| Sep 30, 2016 | 39.00% |
| Jun 30, 2016 | 45.06% |
| Mar 31, 2016 | 46.63% |
| Dec 31, 2015 | 48.67% |
| Sep 30, 2015 | 54.06% |
| Jun 30, 2015 | 49.33% |
| Mar 31, 2015 | 48.69% |
| Dec 31, 2014 | 52.23% |
| Sep 30, 2014 | 50.42% |
| Jun 30, 2014 | 48.43% |
| Mar 31, 2014 | 51.96% |
| Dec 31, 2013 | 51.19% |
| Sep 30, 2013 | 50.04% |
| Jun 30, 2013 | 49.98% |
| Mar 31, 2013 | 48.65% |
| Dec 31, 2012 | 45.94% |
| Sep 30, 2012 | 47.43% |
| Jun 30, 2012 | 49.84% |
| Mar 31, 2012 | 47.30% |
| Dec 31, 2011 | 43.82% |
| Sep 30, 2011 | 52.20% |
| Jun 30, 2011 | 46.93% |
| Mar 31, 2011 | 46.38% |
| Dec 31, 2010 | 44.17% |
| Sep 30, 2010 | 32.95% |
| Jun 30, 2010 | 37.14% |