10-Q quarterly report · filed Aug 1, 2025

Cboe Global Markets (CBOE) Q2 2025 10-Q Quarterly Report

Short answer

Cboe Global Markets (CBOE) filed its Q2 2025 10-Q quarterly report on Aug 1, 2025 for the quarter ended Jun 30, 2025. Quarterly revenue was $1.2B (up 20.5% year over year) with net income of $235M.

Q2 2025 key financials · XBRL

Revenue
$1.2B
+20.5% YoY · −1.8% QoQ
Net income
$235M
+68.3% YoY · −6.2% QoQ
Operating margin
28.9%
Gross margin
50.0%
EPS (diluted)
$2.23
+67.7% YoY · −5.9% QoQ

Source: XBRL data from the Cboe Global Markets (CBOE) Q2 2025 10-Q on SEC EDGAR. USD.

Cboe Global Markets Q2 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New margin add-on charge by OCC effective Sept 2025 may raise clearing costs, potentially lowering trading volumes and adversely impacting business and financials
  • Increased dependency on third-party clearing entities like OCC (69% net transaction fees in 2024), heightening risk of operational disruption or substantial revenue concentration
  • Regulatory reliance on FINRA and OCC for critical services; inadequate service could trigger SEC/CFTC action or market operation limitations
  • Risks from third-party cloud providers include data access disruption, cybersecurity vulnerabilities, and confidentiality breaches affecting reputation
  • Use of third-party routing and clearing firms exposes operations to execution delays or failures impacting near-term trading performance

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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