CBOE at a glance
Cboe Global Markets (CBOE, SEC CIK 1374310) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 29, 2026 and Form 4 insider filings as recently as August 21, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Cboe Global Markets (CBOE) reported revenue of $4.7 billion (up 15.1% from FY2024) and net income of $1.1 billion. Diluted EPS was $10.42.
- As of June 30, 2026, 41 institutional investment managers tracked by SignalX reported holding Cboe Global Markets (CBOE) shares worth $11.2 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Froetscher Janet P on August 12, 2026 of 937 shares at $278.95 per share.
- In the last 90 days, CBOE insiders reported 0 open-market purchases ($0) and 1 open-market sale ($261K) on Form 4, a net sale of $261K.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $4.7B
- +15.1% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$261K
- 13F holders
- 41 funds
- $11.2B · +0 vs prior quarter
- Latest 8-K
- Sep 29, 2026
- Item 1.01 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Risk Factors
- Regulatory risk: Potential non-renewal or loss of exclusive S&P 500 and VIX Index licenses generating 68% of 2025 revenues less cost of revenues
- Macroeconomic threat: Global economic, political, and geopolitical conditions impacting trading volumes across U.S., Europe, Canada, and Australia exposure
- Operational vulnerability: Cybersecurity threats including AI and quantum computing risks to critical infrastructure and hybrid work environment increasing incident risk
- Competitive risk: Pricing pressures from competitors on transaction fees, including multi-listed options and events prediction markets like SPY options
- Financial risk: Restrictive debt obligations and need to maintain investment-grade credit rating amid intensifying market competition and pricing adjustments
Management Discussion & Analysis
- Noted foreign currency net equity investments: British pounds $596.3M, Euros $222.5M, Canadian dollars $214.7M, 10% adverse FX impact up to $59.6M
- Credit risk mitigated by clearinghouses like NSCC, OCC, and collateral requirements totaling $1,617M at Cboe Clear Europe as of Dec 31, 2025
- Cash and investments $2,252.6M in 2025, up from $1,030.6M in 2024; debt $1,442.9M all fixed-rate senior notes, no borrowings on revolving credit as of Dec 31, 2025
- Liquidity risk from credit agreements and cross-default provisions could accelerate debt liabilities, posing business and financing constraints going forward
Business Overview
- Core business: global operator of derivatives, equities, FX markets and clearing with proprietary volatility products and market data services
- New products: launched cash-settled futures/options on Cboe Magnificent 10 Index, S&P 500 Equal Weight Index options, Cboe FTSE Bitcoin Index Futures, continuous Bitcoin and Ether futures
- Strategic shift: wind down of Japanese equities, CEDX pan-European derivatives; initiated sales process for Cboe Australia and Canada; discontinued U.S. and European corporate listings
- Quantitative highlight: added ~1,438 listings worldwide, total listings approx. 2,952 as of December 31, 2025; Cboe Clear Europe cleared average daily €69B with 73% netting
- Noteworthy fact: completed migration of Cboe Digital Exchange futures to CFE, retired Cboe Digital Exchange products; launched new exchange technology platform brand, Cboe Titanium
AI summary of the CBOE 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Foreign-currency equity exposure: British pounds $640.5M, euros $239.0M, Canadian dollars $180.6M, Australian dollars $135.5M
- 10% adverse currency impact on consolidated equity: $64.1M pounds, $23.9M euros, $18.1M Canadian dollars, $13.5M Australian dollars
- Cash and investments $2,461.0M as of June 30, 2026, up from $1,463.9M in 2025
- Outstanding debt $1,443.8M, all fixed-rate Senior Notes
- Cboe Clear Europe held $2.5B in clearing-member margin, default-fund, and interoperability deposits
Risk Factors
- No risk-factors section provided; supplied text contains Items 2–6, not changes from the 10-K
- Share-repurchase liquidity deployment: $32.6 million spent, with $536.8 million remaining authorization
- Financing documentation change: Third Amended and Restated Credit Agreement dated July 24, 2026
- European clearing-facility financing amendment: Cboe Clear Europe agreement effective June 26, 2026
AI summary of the CBOE 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item EX-99.1: Item EX-99.1
- 25-year exclusive S&P DJI licensing extension through 2051, securing Cboe’s long-term access to key index products
- No royalty fee impact in 2026, limiting near-term earnings pressure
Item 1.01: Entry into a Material Definitive Agreement
- Item 1.01 references Exhibits 99.1 and 99.2 for the material agreement details
- Investors should review those exhibits for transaction terms, obligations, counterparties, and strategic implications
Item 7.01: Regulation FD Disclosure
- No substantive Regulation FD disclosure content provided in the excerpt
- Investor impact cannot be assessed without the referenced disclosure or exhibit
Item 2.02: Results of Operations and Financial Condition
- Cboe reported fiscal second-quarter results for the quarter ended June 30, 2026
- Press release dated July 31, 2026 contains the substantive financial results and operating commentary
Item EX-99.1: Item EX-99.1
- Q2 net revenue reached a record $731.6M, up 25%, while diluted EPS rose 50% to $3.35
- Options led growth with net revenue up 30% to $473.9M, supported by 26% higher ADV and 6% higher RPC
Item 1.01: Entry into a Material Definitive Agreement
- New $400 million senior unsecured five-year revolver, supporting liquidity and corporate flexibility
- Capacity expandable by $200 million to $600 million with lender approval
Item 2.03: Creation of a Direct Financial Obligation
- Item 2.03 indicates a newly created direct financial obligation or off-balance-sheet obligation
AI summaries of CBOE 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for CBOE
Don't miss the next CBOE filing
- Alerts as it files. A push when CBOE files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut CBOE, by share count.
- Ask anything. An AI agent that reads every CBOE filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Fischer Heidi | A | Aug 19, 2026 | 1,781 | - |
| Duinstra Boudewijn | A | Aug 19, 2026 | 1,335 | - |
| Fischer Heidi | A | Aug 19, 2026 | 1,119 | - |
| Duinstra Boudewijn | A | Aug 19, 2026 | 1,069 | - |
| Froetscher Janet P | Sell | Aug 12, 2026 | 937 | $278.95 |
| Tomczyk Fredric J | F | Jul 1, 2026 | 337 | $247.72 |
| Wilkinson Allen | A | May 19, 2026 | 166 | - |
| Froetscher Janet P | Sell | May 18, 2026 | 1,223 | $358.09 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $4.1B | $4.7B |
| Gross Profit | - | $2.1B | $2.4B |
| Operating Income | - | $1.1B | $1.5B |
| Net Income | - | $764.9M | $1.1B |
| Gross Margin | - | 50.6% | 51.5% |
| Op. Margin | - | 26.8% | 31.1% |
| Net Margin | - | 18.7% | 23.3% |
| Balance Sheet | |||
| Total Assets | $7.5B | $7.8B | $9.3B |
| Equity | $4.0B | $4.3B | $5.1B |
| ROE | - | 17.9% | 21.4% |
| Per Share | |||
| EPS | - | $7.21 | $10.42 |
| Cash Flow | |||
| Operating CF | - | $1.1B | $1.8B |
| CapEx | - | $60.9M | $71.0M |
Source: XBRL data in Cboe Global Markets (CBOE)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate CBOE share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 41 | $11.18B |
| Q1 2026 | 41 | $13.11B |
| Q4 2025 | 38 | $11.30B |
| Q3 2025 | 40 | $11.37B |
| Q2 2025 | 35 | $10.23B |
| Q1 2025 | 31 | $6.92B |
| Q4 2024 | 28 | $5.35B |
| Q3 2024 | 23 | $2.79B |
- Citadel Advisors LLC+576.4K (+1038%)
- AQR Capital Management+336.3K (+54%)
- Goldman Sachs Group+249.8K (+25%)
- Two Sigma Investments+226.9K (+134%)
- Millennium Management+199.2K (+5863%)
- Morgan Stanley−509.6K (-15%)
- FMR LLC (Fidelity)−406.4K (-9%)
- BlackRock−313.2K (-3%)
- Invesco Ltd−235.7K (-10%)
- Bank of America Corp−80.0K (-11%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 277 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
CBOE filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 29, 2026 | - | Analysis | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 14, 2026 | - | - | - |
| 8-K | Jul 31, 2026 | - | Analysis | - |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 28, 2026 | - | Analysis | - |
| 4 | Jul 2, 2026 | - | - | - |
| 8-K | Jun 26, 2026 | - | Analysis | - |
| 4 | May 21, 2026 | - | - | |
| 4 | May 20, 2026 | - | - | |
| 8-K | May 18, 2026 | - | Analysis | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 4 | May 18, 2026 | - | - | |
| 8-K | May 1, 2026 | - | Analysis | - |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis |
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CBOE SEC filings: frequently asked questions
Are CBOE insiders buying or selling?
In the last 90 days, Cboe Global Markets (CBOE) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $261,376 by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold CBOE stock?
As of June 30, 2026, the largest Cboe Global Markets (CBOE) holders among the 13F filers tracked by SignalX were BlackRock ($2.5 billion), Vanguard Capital Management LLC ($1.7 billion), Vanguard Portfolio Management LLC ($1.3 billion), State Street Corp ($1.2 billion), FMR LLC (Fidelity) ($1.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was CBOE's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Cboe Global Markets (CBOE) reported revenue of $4.7 billion (up 15.1% from FY2024) and net income of $1.1 billion. Diluted EPS was $10.42. The figures come from the XBRL data in the 10-K.
What are the main risks in CBOE's latest 10-K?
In the 10-K filed February 20, 2026, Cboe Global Markets (CBOE) flagged: Regulatory risk: Potential non-renewal or loss of exclusive S&P 500 and VIX Index licenses generating 68% of 2025 revenues less cost of revenues. Macroeconomic threat: Global economic, political, and geopolitical conditions impacting trading volumes across U.S., Europe, Canada, and Australia exposure. (AI summary of the Risk Factors section.)
What did CBOE report in its latest 8-K?
Cboe Global Markets (CBOE) filed an 8-K on September 29, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 7.01 (Regulation FD Disclosure). 25-year exclusive S&P DJI licensing extension through 2051, securing Cboe’s long-term access to key index products.
What are the latest CBOE SEC filings?
Cboe Global Markets (CBOE) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 29, 2026 and a Form 4 insider filing on August 21, 2026.
What is CBOE's SEC CIK number?
Cboe Global Markets (CBOE)'s SEC Central Index Key (CIK) is 1374310. EDGAR lists every CBOE filing under that number.
Ask anything about CBOE
The research agent reads CBOE's filings, financials, insider trades and 13F holders, then answers with sources.