Why did Cboe Global Markets (CBOE) stock move recently?

On 9/2/2026, Cboe Global Markets moved -4.4% — CBOE slipped amid ongoing investor debate over elevated valuation (with models flagging it as significantly overvalued) and the recent dividend increase, extending weakness from late August into September amid broader market pressures. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Cboe Global Markets (CBOE) overvalued or fairly valued?

MarketChacha shows Cboe Global Markets's valuation in context — a trailing P/E of about 26.1, a forward P/E of about 20.8, a price-to-book of about 5.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Cboe Global Markets's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.50×) from reported figures — education, not a rating.

What is Cboe Global Markets's revenue?

Cboe Global Markets reported revenue of $4.7B for FY2025, with net profit of $1.1B, per official filings.

What is the share price of Cboe Global Markets (CBOE)?

Cboe Global Markets last traded at $315.70 (+3.0% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Cboe Global Markets

CBOE · NASDAQ · Financials · United States

Snapshot

TickerCBOE

ExchangeNASDAQ

SectorFinancials

IndustryFinancial Data & Stock Exchanges

CountryUnited States

Employees1,661

HeadquartersChicago, United States

Websitewww.cboe.com

Filings tracked14

About Cboe Global Markets

Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers trading, clearing, and investment solutions in the United States and internationally. It operates through five segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX. The Options segment includes options on market indices, stocks of individual corporations, and exchange-traded products (ETPs), such as exchange-traded funds (ETFs) and exchange-traded notes (ETNs). This segment also offers trading in listed options through a single system. The North American Equities segment comprises U.S. equities and ETP transaction services. This segment also includes listing services on Cboe Canada, ETP listings on BZX, the Cboe Global Markets, Inc. common stock listing, and applicable market data. The Europe and Asia Pacific segment provides pan-European derivatives transaction services; ETPs, including exchange-traded funds, exchange-traded notes, and exchange-traded commodities; international depository receipts; and an ETP listings business on regulated markets and clearing activities, as well as equities services. The Futures segment offers transaction services, including trading in VIX futures and other futures products, the licensing of proprietary market data, and access and capacity services. The Global FX segment provides institutional foreign exchange (FX) trading and non-deliverable forward FX transaction services. The company also provides trading solutions and products in multiple asset classes, including equities, derivatives, and FX across North America, Europe, and Asia Pacific. It has strategic relationships with S&P Dow Jones Indices, LLC; Frank Russell Company; and FTSE International Limited. The company was formerly known as CBOE Holdings, Inc. and changed its name to Cboe Global Markets, Inc. in October 2017. Cboe Global Markets, Inc. was founded in 1973 and is headquartered in Chicago, Illinois.

Who owns it

Insiders0.3%
Institutions91.2%
Public & other8.5%

1,435 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.14%
Vanguard Capital Management LLC6.12%
Vanguard Portfolio Management LLC4.71%
State Street Corporation4.52%
FMR, LLC3.86%
Alliancebernstein L.P.3.64%
Geode Capital Management, LLC2.78%
Morgan Stanley2.55%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.50×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend20.2% → 23.3%

Margin has expanded by about 3.2 points — the business is getting more profitable.

Return on equity21.4%

Latest ROE of 21.4% — capital is generating a healthy return.

Growth qualityrev 12% · PAT 20%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $709.0M · EPS 3.45

Est. earnings growth +12.6%

Next fiscal year

Rev $2.9B · EPS 15.20

Est. earnings growth +7.5%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$4.7B

Net margin

23.3%

ROE

21.4%

Revenue CAGR (2y)

+11.8%

Profit CAGR (2y)

+20.2%

EPS (FY2025)

10.42

Net profit (FY2025)

$1.1B

Ask MarketChacha about CBOE

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 2, 2026
CBOE slipped amid ongoing investor debate over elevated valuation (with models flagging it as significantly overvalued) and the recent dividend increase, extending weakness from late August into September amid broader market pressures.
source 1 ↗source 2 ↗source 3 ↗· confidence: medium
Aug 4, 2026
Cboe fell after news of completing the sale of its Australian operations to TMX Group as part of a strategic refocus, following strong Q2 results and raised 2026 growth guidance earlier in the week.
source 1 ↗source 2 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$4.7B	$1.1B	10.42	23.3%	21.4%
FY2024	$4.1B	$764.9M	7.21	18.7%	17.9%
FY2023	$3.8B	$761.4M	7.13	20.2%	19.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$1.4B	$353.1M	3.35	24.5%
2026Q1	$1.3B	$385.7M	3.66	30.3%
2025Q3	$1.1B	$300.8M	2.85	26.3%
2025Q2	$1.2B	$235.1M	2.23	20.0%
2025Q1	$1.2B	$250.6M	2.37	21.0%
2024Q3	$1.1B	$218.5M	2.07	20.7%
2024Q2	$974.0M	$140.4M	1.33	14.4%
2024Q1	$957.2M	$209.5M	1.96	21.9%
2023Q3	$908.8M	$208.2M	1.95	22.9%
2023Q2	$907.8M	$167.8M	1.57	18.5%
2023Q1	$988.2M	$173.4M	1.63	17.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Results of operations, Exhibits
SEC7/31/2026material
10-Q filing
SEC7/31/2026
8-K — Material agreement, Material financial obligation, Exhibits
SEC7/28/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC6/26/2026material
8-K — Shareholder vote results
SEC5/18/2026material
8-K — Results of operations, Costs from exit/disposal, Exhibits
SEC5/1/2026material
10-Q filing
SEC5/1/2026
10-K filing
SEC2/20/2026
8-K — Results of operations, Exhibits
SEC2/6/2026material
8-K — Executive/director change, Other events, Exhibits
SEC1/26/2026material

2025

8-K — Results of operations, Exhibits
SEC10/31/2025material
10-Q filing
SEC10/31/2025
8-K — Results of operations, Exhibits
SEC8/1/2025material
10-Q filing
SEC8/1/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.