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

Filed: Aug 1, 2025Period ending Jun 30, 2025

Financials

Security & Commodity Brokers, Dealers, Exchanges & ServicesSEC EDGAR

Cboe Global Markets (CBOE) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Aug 1, 2025 for the fiscal period ending Jun 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Cboe Global Markets Q2 2025 10-Q Analysis

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

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Cboe Global Markets Q2 2025 Quarterly Financials
XBRL

Revenue

$1.2B

▲ +20.5% YoY▼ -1.8% QoQ

Net Income

$235M

▲ +68.3% YoY▼ -6.2% QoQ

Gross Margin

50.0%

▼ -270bp YoY▲ +275bp QoQ

Operating Margin

28.9%

▲ +733bp YoY▼ -72bp QoQ

Net Margin

20.0%

▲ +569bp YoY▼ -94bp QoQ

EPS (Diluted)

$2.23

▲ +67.7% YoY▼ -5.9% QoQ

Operating Cash Flow

$334M

▼ -77.7% YoY▼ -63.4% QoQ

Source: XBRL data from Cboe Global Markets Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Cboe Global Markets Quarterly Reports

Q3 2025 10-Q

Q1 2025 10-Q

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