Cboe Global Markets (CBOE) Company Report

Cboe Global Markets will begin trading futures and options on the Cboe Magnificent 10 Index (MGTN) on December 8, 2025.
The equal-weighted index, launched October 14, 2025, tracks the price return of 10 large-cap U.S. tech and growth stocks.
Both products are cash-settled: futures will trade on Cboe Futures Exchange with a.m. settlement; options will trade on Cboe Options Exchange under tickers MGTN (AM-settled) and MGTNW (PM-settled) with a $100 multiplier.
MGTN futures will be available nearly 24 hours a day at launch, and Cboe plans to offer global trading hours for MGTN options in early 2026.

6 days ago

Press Release

Cboe Global Markets to Launch Bitcoin and Ether Continuous Futures on December 15, 2025

CBOE

Product Launch

Cboe Futures Exchange to begin trading Cboe Bitcoin Continuous Futures (PBT) and Cboe Ether Continuous Futures (PET) on December 15, 2025, subject to regulatory review.
The contracts offer U.S.-regulated perpetual-style exposure with a 10-year expiration and daily cash adjustments to align futures and spot prices.
Continuous Futures will be centrally cleared by Cboe Clear U.S., trade on a 23×5 schedule, and use the Cboe Kaiko Real-Time Rate for settlement.
Investors can leverage streamlined rolling, potential cross-margining with existing CFE products (e.g., FBT, FET), and attend educational sessions on December 17, 2025 and January 13, 2026.

7 days ago

Press Release

Cybin reports Q2 FY2026 results and business highlights

CBOE

Earnings

New Projects/Investments

Closed a US$175 million registered direct offering, resulting in US$248 million in cash as of September 30, 2025, and retired all outstanding convertible debentures.
Q2 FY2026 net loss of US$33.7 million, versus US$41.9 million year-over-year; cash-based operating expenses were US$28.5 million, and operating cash outflow was US$34.5 million.
Completed enrollment in Phase 2 CYB004 for GAD (topline data due Q1 2026) and advanced Phase 3 CYB003 studies (APPROACH dosing ongoing; topline data expected Q4 2026).

Nov 13, 2025, 12:20 PM

Press Release

Cboe Global Markets reports October 2025 trading volume

CBOE

Cboe set a monthly record for total U.S. options ADV at 21.4 million contracts, driven by 15.9 million multi-listed options (+47.2% Y/Y) and 5.5 million index options (+38.6% Y/Y).
S&P 500 Index (SPX) options reached new highs with a monthly ADV of 4.4 million, 0DTE options ADV of 2.7 million, and a single-day record of 6.4 million contracts.
Across other asset classes, U.S. on-exchange equities ADV rose 56.7% Y/Y to 2.02 billion shares, while global FX ADV reached $55.1 billion (+24.3% Y/Y).

Nov 5, 2025, 9:30 PM

Press Release

Cboe Global Markets reports Q3 2025 earnings

CBOE

Earnings

Revenue Acceleration/Inflection

Cboe delivered $605.5 million in Q3 2025 net revenue, up 14% year-over-year.
Adjusted operating EBITDA was $409.0 million (+21% y/y) with a 67.5% margin, and adjusted diluted EPS reached $2.67 (+20% y/y).
By segment, Derivatives markets net revenue grew 15% (Options up 19%), Data Vantage rose 12%, Cash & Spot increased 14%, and Global FX was up 13%.
Futures net revenue declined 22%, driven by a 27% drop in average daily volume.

Oct 31, 2025, 12:30 PM

Presentation

Cboe Global Markets Reports Q3 2025 Results and Strategic Realignment

CBOE

Earnings

Guidance Update

M&A

Record net revenue of $605.5 million (+14 percent) and diluted EPS of $2.85 (+38 percent) in Q3 2025.
Derivatives net revenue up 15 percent, Cash and Spot Markets net revenue +14 percent, and Data Vantage net revenue +12 percent year-over-year.
Updated 2025 guidance: organic total net revenue growth now low double-digit to mid-teens, Data Vantage growth high single-digit to low double-digit, and adjusted operating expenses lowered to $827–$842 million.
Announced strategic portfolio realignment, including a sales process for Cboe Australia and Canada, discontinuation of U.S. & European corporate listings, and cost reductions in ETP listings and analytics businesses.

Oct 31, 2025, 11:30 AM

8-K

Cboe Global Markets reports Q3 2025 results and strategic realignment

CBOE

Earnings

Guidance Update

M&A

Achieved record net revenue of $605.5 million (up 14%), diluted EPS of $2.85 (up 38%) and adjusted diluted EPS of $2.67 (up 20%) in Q3 2025.
Initiated a strategic realignment by commencing a sale process for Cboe Australia and Canada, exiting U.S. and European corporate listings, and reducing costs in U.S./European ETP Listings, Europe Derivatives, and select Risk & Market Analytics businesses.
Raised full-year 2025 organic total net revenue growth guidance to “low double-digit to mid-teens” and Data Vantage growth to “high single-digit to low-double digit,” while lowering adjusted operating expense guidance to $827 million–$842 million.

Oct 31, 2025, 11:30 AM

Press Release

Cboe Global Markets beats Q3 estimates, raises FY25 outlook

CBOE

Earnings

Guidance Update

Cboe reported Q3 revenue of $605.5 million (up 13.8% YoY) and adjusted EPS of $2.67, with net income of $299.3 million (or $2.85/share).
The company raised its FY25 organic net revenue growth target to a low double-digit to mid-teens range and lowered adjusted operating expense guidance to $827–842 million (from $832–847 million).
Shares are up 21.2% year-to-date, outperforming the S&P 500’s 16% gain.
Cboe maintains a robust financial position with ROE of 20.82%, current ratio of 1.57, and debt-to-equity ratio of 0.34.

Oct 31, 2025, 1:05 AM

Morningstar

Cboe Global Markets names JJ Kinahan to lead retail expansion

CBOE

Hiring

Management Change

New Projects/Investments

JJ Kinahan has been appointed Senior Vice President, Head of Retail Expansion and Alternative Investment Products, establishing a new business vertical focused on retail customers.
The role will oversee product strategy, regulatory alignment, and go-to-market execution for innovative offerings such as event-based trading, prediction markets, crypto derivatives, and tokenized instruments.
Cboe leadership highlights this strategic hire as part of ongoing momentum, with Rob Hocking citing growth opportunities in rapidly transforming markets and CEO Craig Donohue noting the addition reinforces the firm’s foundation for expansion.
Kinahan joins from IG US Holdings, where he served as CEO of the parent company and President of tastytrade, and previously held senior roles at TD Ameritrade and Charles Schwab.

Oct 30, 2025, 8:20 PM

Press Release

Cboe Global Markets proposes extended equity options trading hours

CBOE

Product Launch

Cboe filed a proposal with the SEC to introduce a morning session (7:30 a.m.–9:25 a.m.) and a post-market session (4:00 p.m.–4:15 p.m.) for US equity options trading.
Extended hours will initially cover select high-volume, large-cap options to ensure adequate liquidity.
Equity option volume grew 68% to 1.29 billion contracts in September, up from 763 million two years prior.
The initiative aligns with the broader 24×5 trading trend and positions Cboe competitively alongside Nasdaq, Robinhood, and Charles Schwab.

Oct 20, 2025, 6:54 PM

Bloomberg

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