OverviewSuggest Edit

Cboe Global Markets operates as an options exchange. It offers marketplaces for trading options on various market indexes, futures on the VIX Index, options on the stocks of individual corporations comprising equity options, and options on other exchange-traded products that include ETP options, as well as other index options. The Company owns and operates CBOE primary options market, CFE, an all-electronic futures exchange, and C2, an all-electronic exchange that offers trading for listed options. Its exchanges operate on its proprietary technology platform, known as CBOE Command.
TypePublic
Founded1973
HQChicago, US
Websitecboe.com
Culture scoreC

Latest Updates

Employees (est.) (Dec 2019)823(-2%)
Job Openings15
Revenue (FY, 2019)$2.5 B(-9%)
Share Price (May 2020)$106.5 (+4%)

Key People/Management at Cboe Global Markets

Edward T. Tilly

Edward T. Tilly

Chairman, President and Chief Executive Officer
David Howson

David Howson

Executive Vice President and President Europe
Adam Eades

Adam Eades

President, Cboe NL
Brian N. Schell

Brian N. Schell

Executive Vice President, Chief Financial Officer and Treasurer
Jerry Avenell

Jerry Avenell

Co-Head of Sales
Alex Dalley

Alex Dalley

Co-Head of Sales
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Cboe Global Markets Office Locations

Cboe Global Markets has offices in Chicago, Lenexa, New York, San Francisco and in 6 other locations
Chicago, US (HQ)
400 S LaSalle St
Lenexa, US
8050 Marshall Dr
New York, US
17 State St 31st floor
New York, US
30 Broad St floor 42
San Francisco, US
220 Montgomery St #360, San Francisco
San Francisco, US
505 Montgomery Street, 505 Montgomery St 11th floor, San Francisco
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Cboe Global Markets Financials and Metrics

Cboe Global Markets Revenue

Cboe Global Markets's revenue was reported to be $2.50 b in FY, 2019
USD

Revenue (Q1, 2020)

921.5m

Gross profit (Q1, 2020)

358.3m

Gross profit margin (Q1, 2020), %

38.9%

Net income (Q1, 2020)

157.4m

EBIT (Q1, 2020)

226.4m

Market capitalization (29-May-2020)

11.6b

Closing stock price (29-May-2020)

106.5

Cash (31-Mar-2020)

165.2m

EV

12.3b
Cboe Global Markets's current market capitalization is $11.6 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

508.1m512.3m572.1m617.2m634.5m656.9m2.2b2.8b2.5b

Revenue growth, %

8%3%4%239%

Cost of goods sold

1.2b1.6b1.4b

Gross profit

995.6m1.2b1.1b
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

120.3m143.6m121.4m132.5m128.3m142.7m150.8m136.7m157.9m143.9m148.9m142.8m148.7m187.0m162.3m163.3m156.2m356.2m611.4m777.7m6.7b575.9m602.6m620.6m675.4m921.5m

Cost of goods sold

162.8m341.7m449.2m384.0m305.4m322.1m337.4m381.4m563.2m

Gross profit

193.4m269.7m328.5m6.3b270.5m280.5m283.2m294.0m358.3m

Gross profit Margin, %

54%44%42%94%47%47%46%44%39%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

134.9m135.6m221.3m147.9m102.3m97.3m143.5m275.1m229.3m

Accounts Receivable

37.6m45.7m217.3m287.3m234.7m

Prepaid Expenses

1.1m567.0k15.2m15.8m

Inventories

Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

106.5m147.2m148.6m127.1m160.3m210.5m207.8m226.4m199.1m145.1m126.5m137.6m89.6m121.7m107.5m52.2m72.8m153.3m166.3m140.0m136.8m346.2m161.3m165.2m

Accounts Receivable

45.8m46.0m48.4m48.4m45.4m51.1m55.7m268.4m252.2m221.9m251.0m245.9m235.5m396.5m

Prepaid Expenses

558.0k694.0k941.0k728.0k786.0k735.0k565.0k15.5m16.9m17.6m

Current Assets

177.6m207.3m214.9m201.9m238.4m275.4m296.7m308.9m276.0m243.9m222.7m209.4m194.6m222.7m184.7m173.9m206.6m455.7m512.3m584.0m435.5m683.2m577.4m489.5m632.1m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

139.4m157.4m176.0m189.7m205.0m185.7m400.6m425.2m370.8m

Depreciation and Amortization

34.1m31.5m34.5m39.9m46.3m44.4m192.2m204.0m176.6m

Inventories

Accounts Payable

5.8m1.1m5.5m5.9m1.6m19.8m10.3m46.8m(25.7m)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

66.3m107.6m33.4m71.9m117.7m42.4m88.5m41.4m49.0m92.0m140.4m42.3m87.1m67.5m49.2m100.1m40.5m15.2m83.2m143.5m118.1m201.1m286.8m95.2m178.6m284.5m157.4m

Depreciation and Amortization

17.7m26.6m8.3m16.6m25.3m8.3m16.9m8.5m8.6m18.5m28.9m10.4m21.7m12.4m11.9m24.1m10.2m25.1m80.9m136.3m54.2m104.6m154.9m84.7m90.9m46.7m

Accounts Payable

(6.0m)4.2m(11.7m)(8.6m)(7.1m)(2.1m)(2.2m)(12.3m)(4.8m)(3.8m)(7.6m)(10.2m)(4.6m)9.1m(1.1m)(8.8m)18.8m(3.8m)(67.0m)(51.9m)(39.4m)37.4m

Cash From Operating Activities

92.6m164.3m63.3m86.7m140.9m95.3m116.9m88.3m121.2m184.1m105.8m97.4m114.9m172.1m178.9m163.5m349.3m308.1m118.0m317.6m395.1m163.3m
USDY, 2020

EV/EBIT

54.3 x

EV/CFO

75.4 x

Financial Leverage

1.6 x
Show all financial metrics

Cboe Global Markets Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016

Options Volume (Equities)

488.58 m110.30 m110.30 m94.50 m392.98 m88.40 m87.20 m94.60 m364.37 m

Options Volume (Exchange-traded products)

379.74 m83.60 m83.60 m91.70 m321 m79.20 m79.30 m81.20 m326.74 m

Options Volume (Indexes)

406.45 m85.40 m85.40 m132.80 m408.28 m110.50 m108.20 m104.90 m433.26 m

Total Options Volume

1.27 b279.30 m279.30 m319 m1.12 b278.10 m274.70 m280.70 m1.12 b
Show all operating metrics

Cboe Global Markets Revenue Breakdown

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Cboe Global Markets revenue breakdown by business segment: 6.5% from Futures, 48.1% from U.S. Equities, 39.6% from Options and 5.7% from Other

Cboe Global Markets Online and Social Media Presence

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Cboe Global Markets Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    C

    68/100

  • Compensation

    C

    68/100

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Cboe Global Markets News and Updates

Cboe Global Markets Commends Federal Banking Agencies' Action to Strengthen Market Liquidity in Response to COVID-19

CHICAGO, April 2, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today issued a statement commending the action of the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency...

Cboe Global Markets Reports 2019 Fourth Quarter and Full Year Results

CHICAGO, Feb. 7, 2020 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the 2019 fourth quarter and full year. "Our fourth quarter results reflect lower year-over-year trading volumes industrywide as lower volatility dampened trading, particularly...

Cboe Global Markets Agrees to Acquire Leading European Equities Clearing House EuroCCP

CHICAGO and LONDON, Dec. 10, 2019 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today announced it has entered into a definitive agreement to acquire EuroCCP, a leading pan-European equities clearing house. The transaction...

Cboe Global Markets Reports Results for Third Quarter 2019

CHICAGO, Nov. 1, 2019 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE) today reported financial results for the third quarter of 2019. "I am pleased to report strong third-quarter results, primarily driven by higher trading volume in our suite of proprietary products compared to the...

Cboe Global Markets Reports September 2019 Trading Volume

CHICAGO, Oct. 3, 2019 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported September monthly trading volume and provided selected revenue per contract (RPC) guidance for the third quarter of 2019. The data sheet...

Cboe Global Markets Reports July 2019 Trading Volume

CHICAGO, Aug. 5, 2019 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported July monthly trading volume. The data sheet "Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report" contains an overview of...
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Cboe Global Markets Blogs

Inside Volatility Trading: February 26, 2020

In like a Lion….or Bulls on Parade In the late 1960s John Fogerty (Creedence Clearwater Revival) wrote Proud Mary which could well describe the broad market of late. Big wheel keep on turnin’ Proud Mary keep on burnin’ Rollin’, rollin’, rollin’ on the river As we roll toward the end of February and…

New Wilshire Paper Uncovers Where to Find Enhanced Risk-Adjusted Returns

New study highlights volatility risk premium for strategies that sell Russell 2000 options With the low interest rate environment and steady bull market of recent years, lower yields and lower expected returns from “traditional” investments have left many investors wanting more. If you’re looking fo…

Four Key Ways to Improve Equity Market Structure

In January, Cboe published its vision for equity market structure reform. Our goal in drafting this report was to create a new dialogue – to shift the focus to what’s working well and what could be enhanced. Our customer-first approach means we value investor choice and we are dedicated to defining …

Inside Volatility Trading: February 11, 2020

Everyone Has a Plan Until… Thirty years ago (February 11, 1990) Buster Douglas shocked the world when he knocked out Mike Tyson in the 10th round of their Tokyo bout. Tyson came into the fight as the undefeated and undisputed heavyweight champion of the world. He had 37 wins, 0 losses and had never …

Meet the 2020 Cboe Risk Management Conference U.S. Keynote Speakers

This year’s stellar lineup of Cboe RMC speakers is led by two dynamic keynotes, John Coates and Annie Duke. Decision-making experts, authors and academics, Coates and Annie have no shortage of insights to share. Learn more about them below. John Coates | Derivatives Trader Turned Behavioral Neurosci…

What to Know About Cboe Market Close

Cboe Market Close (CMC), an alternative to closing auctions in the U.S. stock market, is planned to launch on Friday, March 6, 2020, after receiving SEC approval on January 22, 2020. Cboe Market Close was created to reduce closing auction costs and provide an alternative source of on-close liquid…
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Cboe Global Markets Frequently Asked Questions

  • When was Cboe Global Markets founded?

    Cboe Global Markets was founded in 1973.

  • Who are Cboe Global Markets key executives?

    Cboe Global Markets's key executives are Edward T. Tilly, David Howson and Adam Eades.

  • How many employees does Cboe Global Markets have?

    Cboe Global Markets has 823 employees.

  • What is Cboe Global Markets revenue?

    Latest Cboe Global Markets annual revenue is $2.5 b.

  • What is Cboe Global Markets revenue per employee?

    Latest Cboe Global Markets revenue per employee is $3 m.

  • Who are Cboe Global Markets competitors?

    Competitors of Cboe Global Markets include Nasdaq, LMAX Group and Myforexeye Fintech.

  • Where is Cboe Global Markets headquarters?

    Cboe Global Markets headquarters is located at 400 S LaSalle St, Chicago.

  • Where are Cboe Global Markets offices?

    Cboe Global Markets has offices in Chicago, Lenexa, New York, San Francisco and in 6 other locations.

  • How many offices does Cboe Global Markets have?

    Cboe Global Markets has 13 offices.