Cboe Global Markets stunned investors with blockbuster second-quarter results, shattering even the most optimistic forecasts. Earnings per share surged to $2.46, surpassing analyst estimates of $2.44, while revenue jumped 14% to a record $587.3 million—far exceeding projections. The derivatives division led the charge with 17% growth, complemented by an 11% rise in data services. Operating margins skyrocketed from 40.9% to 57.7%, reflecting sharp cost optimization. A 20% spike in daily options trading volume and robust cash markets contributed to the windfall.
Options Boom Fuels Growth
The exchange operator’s success was anchored by a 19% surge in options revenue, driven by soaring demand for short-term contracts, including same-day expiring (0DTE) options, which soared 45%. International expansion also paid off, with Europe and Asia-Pacific revenue climbing 30%. Despite a 14% dip in futures trading, Cboe raised its full-year guidance, now targeting high single-digit growth for 2025. The company will exit Japanese equity trading by August 2025 but expects minimal impact on growth targets. Shares edged up 0.44% in premarket trading.
Ad
Cboe Global Markets Stock: Buy or Sell?! New Cboe Global Markets Analysis from December 22 delivers the answer:
The latest Cboe Global Markets figures speak for themselves: Urgent action needed for Cboe Global Markets investors. Is it worth buying or should you sell? Find out what to do now in the current free analysis from December 22.
Cboe Global Markets: Buy or sell? Read more here...
