Cboe Global Markets, Inc. (CBOE) Stock Price & Analysis
Cboe Global Markets, Inc. (CBOE) closed at USD 327.72 on Thursday, October 22, 2026, up 2.79% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 318.82; the Oct 22, 2026 session ranged USD 320–330.55 on volume of 954,899 shares. Market capitalization is $34.22B, with a 52-week range of USD 227.15–371.18 (BTS). Source: Nexqual, retrieved October 23, 2026 at 09:26 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CBOE.md
Key facts (CBOE)
- Last four reported quarters (through Jun 30, 2026): revenue $5.06B, net income $1.35B (26.7% margin), free cash flow $1.87B (SEC filings).
- Valuation: P/E 25.3x (avg 25.3x at the last 3 fiscal year-ends), EV/EBITDA 17.7x, net cash $947M.
- 1 of 80 tracked superinvestors hold CBOE (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Hold (mean 2.67 on a 1–5 scale) (18 analysts), mean target USD 328.47 (range 288–450).
- Total return with dividends: 1Y +39.1% vs S&P 500 +14.9%; 5Y +169.0% vs S&P 500 +80.3%.
- Next earnings: 2026-10-30, EPS estimate USD 3.43, revenue estimate $706M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CBOE)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.49B | $3.96B | $3.77B | $4.09B | $4.71B | $5.06B |
| Gross profit | $1.48B | $1.74B | $1.92B | $2.07B | $2.43B | — |
| Operating income | $806M | $490M | $1.06B | $1.10B | $1.47B | $1.76B |
| Net income | $529M | $235M | $761M | $765M | $1.10B | $1.35B |
| EPS (diluted) | $4.92 | $2.19 | $7.13 | $7.21 | $10.42 | — |
| Free cash flow | $546M | $591M | $1.03B | $1.04B | $1.68B | $1.87B |
| Gross margin | 42.2% | 44.0% | 50.8% | 50.6% | 51.5% | — |
| Operating margin | 23.1% | 12.4% | 28.0% | 26.8% | 31.1% | 34.7% |
| Net margin | 15.1% | 5.9% | 20.2% | 18.7% | 23.3% | 26.7% |
| Revenue growth | +2.0% | +13.3% | -4.7% | +8.5% | +15.1% | — |
| Cash + short-term investments | $379M | $524M | $601M | $1.03B | $2.25B | — |
| Total debt | $1.30B | $1.74B | $1.44B | $1.44B | $1.44B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CBOE)
P/E 25.3x · P/S 6.8x · EV/EBITDA 17.7x · EV/Sales 6.6x · P/FCF 18.3x · P/B 6.1x · FCF yield 5.48% · Earnings yield 3.95% · Dividend yield (paid, TTM) 0.89% · Buyback yield (TTM) 0.22% · Net cash $947M · EV $33.3B
P/E at fiscal year-ends: Dec 2025 24.0x, Dec 2024 27.0x, Dec 2023 24.9x.
Superinvestors (SEC 13F-HR, Q2 2026) (CBOE)
1 of 80 tracked investors hold CBOE. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Gayner | Markel Group | 0.08% | $10.6M | Unchanged |
Analysts (CBOE)
Consensus Hold (mean 2.67 on a 1–5 scale), 18 analysts; mean target USD 328.47 (low 288, high 450).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-14 | Wells Fargo | Target raised | Equal-Weight | $301 → $309 |
| 2026-10-12 | TD Cowen | Target raised | Buy | $334 → $342 |
| 2026-10-09 | Morgan Stanley | Upgrade | Underweight → Overweight | $258 → $358 |
| 2026-10-07 | Barclays | Target lowered | Overweight | $354 → $343 |
| 2026-10-05 | TD Cowen | Upgrade | Hold → Buy | $315 → $334 |
| 2026-10-02 | Wells Fargo | Initiated | Equal-Weight | $301 |
| 2026-10-02 | Goldman Sachs | Upgrade | Sell → Neutral | $304 → $300 |
| 2026-08-03 | TD Cowen | Target raised | Hold | $304 → $315 |
| 2026-08-03 | Barclays | Target raised | Overweight | $347 → $354 |
| 2026-07-28 | JP Morgan | Target raised | Underweight | $277 → $288 |
| 2026-07-20 | TD Cowen | Target raised | Hold | $259 → $304 |
| 2026-07-15 | Piper Sandler | Target lowered | Overweight | $355 → $320 |
Total return (dividends reinvested) (CBOE)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +39.1% | +169.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +39.3% | +21.8% |
| Volatility (annualized) | 35.7% | 24.9% |
| Max drawdown | -36.7% (May 2026→Jun 2026) | -33.1% (May 2026→Jun 2026) |
CBOE analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $3.43 | $3.41 | +0.7% | $705.9M | 12 |
| Next quarter (ends Dec 2026) | $3.45 | $3.44 | +0.2% | $709.4M | 11 |
| Current fiscal year (ends Dec 2026) | $14.14 | $13.98 | +1.1% | $2.87B | 14 |
| Next fiscal year (ends Dec 2027) | $15.20 | $15.02 | +1.2% | $2.96B | 14 |
Key Statistics (as of October 23, 2026 at 09:26 UTC)
| Price | USD 327.72 |
|---|---|
| Change | ▲ 2.79% (up) |
| Previous Close | USD 318.82 |
| Open | USD 321.35 |
| Day Range | USD 320 – 330.55 |
| 52-Week Range | USD 227.15 – 371.18 |
| Volume | 954,899 shares |
| Market Cap | $34.22B |
| Exchange | BTS |
Technical Analysis (CBOE)
Nexqual's technical model rates CBOE "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:26 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 67.17 (neutral) |
| vs SMA50 | Above (USD 290.2) |
| MACD | 10.4 (positive) |
Analyst Ratings (CBOE)
Wall Street analysts rate CBOE "Hold" based on 18 analysts, with a mean price target of USD 328.47 (range USD 288–450), per Nexqual as of October 23, 2026 at 09:26 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 18 |
| Mean Target | USD 328.47 |
| High Target | USD 450 |
| Low Target | USD 288 |
| Buy / Hold / Sell | 5 / 12 / 1 |
Earnings (CBOE)
| Next Earnings Date | 2026-10-30 |
|---|---|
| EPS Estimate | USD 3.43 |
| Revenue Estimate | $705.94M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.56 vs est 3.49 ▲ beat |
| 2026-03-31 | USD 3.7 vs est 3.38 ▲ beat |
| 2025-12-31 | USD 3.06 vs est 2.95 ▲ beat |
| 2025-09-30 | USD 2.67 vs est 2.53 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financials & Fundamentals (CBOE)
| Total Revenue | $5.06B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +22.90% |
| Gross Margin | +54.08% |
| Operating Margin | +34.63% |
| Profit Margin | +26.73% |
| ROE | +26.30% |
| Debt / Equity | 0.28 |
| Current Ratio | 1.57 |
| Total Cash | $2.35B |
| Total Debt | $1.58B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.87B (37.0% of revenue) |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Financial Health Score (CBOE)
Nexqual rates Cboe Global Markets, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:26 UTC.
| Growth | Strong — Revenue +17% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 54%, operating 35% (last 12 months) |
| Balance Sheet | Strong — $2.39B cash and investments vs $1.44B debt (Jun 2026, SEC), net cash |
| Cash Flow | Strong — FCF $1.87B (last 4 quarters to Jun 2026, SEC), 37% margin |
| Efficiency | Strong — ROE 26%, ROA 11.6% |
Ownership (CBOE)
| Insider Ownership | +0.25% |
|---|---|
| Institutional Ownership | +91.12% |
| Shares Outstanding | 104.43M |
| Float | 104.04M |
| Short % of Float | +2.98% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Leadership (CBOE)
Cboe Global Markets, Inc. is led by Craig Steven Donohue, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:26 UTC.
| CEO, President & Director | Craig Steven Donohue |
|---|---|
| Executive VP & CFO | Jill M. Griebenow |
| Executive VP & CTO | Timothy Lipscomb |
| Director | Fredric J. Tomczyk A.C.A. |
| Executive VP & COO | Scott L. Johnston |
Major Backers & Investors (CBOE)
Notable institutional backers of Cboe Global Markets, Inc. include FMR, LLC, Alliancebernstein L.P., Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:26 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 3.86% |
| Alliancebernstein L.P. | 3.64% |
| Morgan Stanley | 2.55% |
| Fidelity | 2.37% |
| Invesco | 1.91% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.83% |
| BlackRock | 9.14% |
| State Street | 4.52% |
| Geode Capital | 2.78% |
| Deutsche Bank AG | 1.81% |
Source: Nexqual, October 23, 2026 at 09:26 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| COIN | Coinbase Global, Inc. | USD 169.09 | ▼ 4.51% |
| MSCI | MSCI Inc. | USD 620.24 | ▲ 2.61% |
| NDAQ | Nasdaq, Inc. | USD 103.3 | ▲ 7.47% |
| TRU | TransUnion | USD 83.46 | ▲ 5.74% |
| MCO | Moody's Corporation | USD 491.05 | ▲ 2.08% |
| ICE | Intercontinental Exchange Inc. | USD 163.84 | ▲ 3.9% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:26 UTC. This page is informational and not investment advice.
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