Optionale Produktanalyse
Mit Ihrer Erlaubnis verwenden wir datenschutzfreundliche Analysen, um zu verstehen, welche Recherchewege funktionieren. Wir verwenden weder Werbe-Tracker noch Sitzungsaufzeichnungen. Sie können diese Auswahl in den Einstellungen ändern. Lesen Sie die Datenschutzerklärung.
Cboe Global Markets, Inc.'s published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.
| Market cap | $28.3B | |
|---|---|---|
| P/E (forward) | 21.9x |
Recent price action with selectable time range.
| Item | P1 | P2 | P3 | P4 | P5 | Trend |
|---|---|---|---|---|---|---|
| Period | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 | Trend |
| Revenue | $3.49B | $3.96B | $3.77B | $4.09B | $4.71B | +7.8% |
| Gross profit | $1.48B | $1.74B | $1.92B | $2.07B | $2.43B | +13.3% |
| Operating income | $805.9M | $489.6M | $1.06B | $1.10B | $1.47B | +16.2% |
| Net income | $529.0M | $235.0M | $761.4M | $764.9M | $1.10B | +20.1% |
| EPS (diluted) | $4.92 | $2.19 | $7.13 | $7.21 | $10.42 | +20.6% |
| EBITDA | $971.5M | $659.7M | $1.27B | $1.27B | $1.74B | +15.7% |
| R&D | $0 | $0 | $0 | — | — | +12.8% |
| SG&A | $372.2M | $452.0M | $517.8M | $557.2M | $91.5M | -29.6% |
Recent company headlines from major financial publishers.
The Base case models Cboe's modal compounding path where exclusive proprietary index options sustain solid mid-single-digit consolidated revenue growth (scaling from 7.0% down to 4.5% across the forecast horizon). Operating margins normalize between 31.5% and 33.0% as corporate cost discipline ($838M-$853M guided operating expenses) absorbs elevated clearing capex of $98M-$108M. Synthesized intrinsic fair value is $306.41, offering 12.96% upside from the share price of $271.26 as of October 2, 2026.
In the Bull case, structural adoption of zero-day-to-expiry (0DTE) index options accelerates among retail and institutional market participants, driving sustained double-digit SPX and VIX contract volume growth. International expansion of Data Vantage subscriptions continues to generate rapid non-transaction revenue gains, while operational leverage and completed clearing capabilities expand operating margins toward peer medians. Fair value in this path reaches $398.31.
| Ke ↓ / g → | 2.0% | 2.5% | 3.0% | 3.5% | 4.0% |
|---|---|---|---|---|---|
| 6.8% | $319 | $347 | $382 | $428 | $492 |
| 7.3% | $291 | $313 | $340 | $374 | $419 |
| 7.8% | $268 | $285 | $306 | $333 | $366 |
| 8.3% | $248 | $263 | $280 | $300 | $326 |
| 8.8% | $232 | $244 | $258 | $274 | $294 |
Upcoming earnings date and setup when available.
Das Rating, das die veröffentlichte Research-Ausgabe des jeweiligen Monats trug. Ein Rating vergleicht den Kurs zum Analysezeitpunkt mit dem Fair Value; es ist kein Nachweis, ob die Einschätzung zutraf.
| Jahr | Jan | Feb | Mär | Apr | Mai | Jun | Jul | Aug | Sep | Okt | Nov | Dez |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 |
