Derivatives Markets was Cboe Global Markets’s largest revenue line in fiscal 2025, bringing in $2.11B of $4.01B (53%).
| Statement of Income Location, Balance | FY 2020 | FY 2021 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Derivatives Markets | $1.68B | $1.71B | $2.11B | ||
| Cash & Spot Markets | $1.15B | $1.20B | $1.48B | ||
| Data Vantage | $347.50M | $369.80M | $408.70M | ||
| Data & Access Solutions | — | — | — | ||
| Total | $3.18B | $3.27B | $4.01B |
Cboe Global Markets brought in $4.01B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 22.4% from $3.27B in fiscal 2024. Derivatives Markets was the largest at $2.11B (52.8%), ahead of Cash & Spot Markets at $1.48B (37.0%) and Data Vantage at $408.70M (10.2%).
Compared with fiscal 2024, Cash & Spot Markets grew fastest, up 24.0% to $1.48B. Every revenue line above 2% of revenue grew. From fiscal 2023 to 2025, combined revenue from these revenue lines grew from $3.18B to $4.01B, a compound annual growth rate of 12.3%. Derivatives Markets' share held steady at about 52.8%.
Services Transferred At A Point In Time was Cboe Global Markets’s largest revenue line in fiscal 2025, bringing in $2.11B of $2.43B (87%).
| Timing of Transfer of Good or Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Services Transferred At A Point In Time | $1.56B | $1.66B | $1.71B | $2.11B | ||||||
| Services Transferred Over Time | $260.40M | $279.80M | $292.20M | $327.00M | ||||||
| Total | $1.82B | $1.94B | $2.00B | $2.43B |
Cboe Global Markets brought in $2.43B from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That is less than the $4.01B it reports by statement of income location, balance, so these revenue lines do not cover all of its revenue. Services Transferred At A Point In Time was the largest at $2.11B (86.6%), ahead of Services Transferred Over Time at $327.00M (13.4%).
Compared with fiscal 2024, Services Transferred At A Point In Time grew 23.2% to $2.11B and Services Transferred Over Time grew 11.9% to $327.00M.
Transaction Fees was Cboe Global Markets’s largest product and service line in fiscal 2015, bringing in $397.80M of $585.90M (68%).
| Product and Service | FY 2015 |
|---|---|
| Transaction Fees | $397.80M |
| Regulatory Fees | $78.50M |
| Exchange Services & Other Fees | $42.20M |
| Other Revenue | $36.70M |
| Market Data Fees | $30.00M |
| Access Fees | $700.00K |
| Total | $585.90M |
Cboe Global Markets brought in $585.90M from its six product and service lines in fiscal 2015, the year ended December 31, 2015. Transaction Fees was the largest at $397.80M (67.9%), ahead of Regulatory Fees at $78.50M (13.4%) and Exchange Services & Other Fees at $42.20M (7.2%). The other three lines brought in $67.40M combined.
Cboe Global Markets (CBOE) reports its revenue by statement of income location, balance, by timing of transfer of good or service and by product and service. In fiscal 2025, Derivatives Markets was its largest revenue line, bringing in $2.11B (52.8% of the total), followed by Cash & Spot Markets at $1.48B (37.0%).
Derivatives Markets was Cboe Global Markets' largest revenue line in fiscal 2025, bringing in $2.11B, or 52.8% of the $4.01B total across its three revenue lines.
Transaction Fees was Cboe Global Markets' largest product and service line in fiscal 2015, bringing in $397.80M, or 67.9% of the $585.90M total across its six product and service lines.
Among Cboe Global Markets' revenue lines that make up at least 2% of revenue, Cash & Spot Markets grew fastest in fiscal 2025, up 24.0% from $1.20B to $1.48B.
Every figure comes from Cboe Global Markets' annual financial filings, as reported. Each line keeps the name Cboe Global Markets gives it, and years follow its fiscal calendar.
Cboe Global Markets' revenue by statement of income location, balance goes back to fiscal 2020, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.