Cboe Global Markets, Inc. (CBOE) Earnings
Cboe Global Markets, Inc. is expected to report next earnings on July 31, 2026 (in NaN days), with a consensus EPS estimate of $3.29. CBOE has beaten EPS estimates in 10 of its last 12 reported quarters (average surprise +5.6% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $3.34 | $3.70 | +10.8% | $729M | +5.7% |
| Feb 6, 2026 | $2.93 | $3.06 | +4.4% | $1.2B | +91.1% |
| Oct 31, 2025 | $2.53 | $2.67 | +5.5% | $1.1B | +82.9% |
| Aug 1, 2025 | $2.42 | $2.46 | +1.7% | $1.2B | +104.3% |
| May 2, 2025 | $2.36 | $2.50 | +5.9% | $1.2B | +113.1% |
| Feb 7, 2025 | $2.13 | $2.10 | -1.4% | $1.1B | +108.7% |
| Nov 1, 2024 | $2.19 | $2.22 | +1.4% | $1.1B | +98.9% |
| Aug 2, 2024 | $2.10 | $2.15 | +2.4% | $974M | +89.3% |
| May 3, 2024 | $2.04 | $2.15 | +5.4% | $957M | +89.6% |
| Feb 2, 2024 | $2.03 | $2.06 | +1.5% | $969M | +89.3% |
| Nov 3, 2023 | $1.86 | $2.06 | +10.8% | $909M | +89.4% |
| Aug 4, 2023 | $1.77 | $1.78 | +0.6% | $908M | +93.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 1, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Craig Donahue noted first quarter record net revenue and adjusted earnings powered by core businesses. Scott Johnston discussed strategic realignment, including expected 20% workforce reduction and transition to in-person work. Jill Greveno provided financial highlights and discussed 2026 guidance.
Guidance
Anticipate DataVantage organic net revenue growth in low double digit range. Strategic realignment expected to deliver approx 12 - 14% annualized reduction in adjusted operating expenses vs 2025, translating to savings of $100 - $120 million.
Segment performance
Derivatives business: First quarter net revenue increased 32% year over year to a record. Cash and spot markets: Net revenue was up a strong 34% year over year. DataVantage: Net revenue increased by 19% on a year-over-year basis.
Risks & headwinds
Forward-looking statements involve assumptions, risks, and uncertainties. Actual outcomes may differ materially from forward-looking statements.
Analyst Q&A
Q: Patrick Moley on DataVantage revenues.
A: 85% growth from new unit sales, guidance updated to low double digits.
Q: Brian de Dahl on prediction markets.
A: Early stages, focus on well-designed contracts.
Q: Eli Abu on SPX complex.
A: Details on SPX volume, broker groups, electronic participation.
Q: Dan Fannin on guidance timing.
A: Breakdown of expense savings timing.
Q: Ben Budish on capital priorities.
A: Focus on organic investments, potential uses of cash.
Q: RBC Capital Markets on prediction markets competitive dynamic.
A: Working on pricing, add-on to existing franchise.
Q: Michael Cypress on clearing capabilities.
A: Expanding clearing, view on tokenized landscape.
Q: Simon Quinch on event contract strategy.
A: VET contracts as stepping stone to options trading