CBOE - Cboe Global Markets, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$314.40
DETAILS
HIGH:
$340.00
LOW:
$273.00
MEDIAN:
$321.00
CONSENSUS:
$314.40
DOWNSIDE:
11.31%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Revenue | 4,714.2 | 4,094.5 | 3,773.5 | 3,958.5 | 3,494.8 | 3,427.1 | 2,496.1 | 2,768.8 | 2,229.1 | 645.1 | 634.5 | 617.2 | 572.0 | 512.3 | 508.1 | 437.1 | 426.1 | 416.8 |
| Cost of Revenue | 2,407.5 | 2,022.1 | 1,855.5 | 2,216.8 | 2,018.7 | 2,172.8 | 1,359.2 | 1,551.9 | 1,233.5 | 136.7 | 102.1 | 66.1 | 56.6 | 46.1 | 47.8 | 41.4 | 0 | 0 |
| Gross Profit | 2,306.7 | 2,072.4 | 1,918 | 1,741.7 | 1,476.1 | 1,254.3 | 1,136.9 | 1,216.9 | 995.6 | 566.4 | 561.7 | 551.1 | 515.5 | 466.2 | 460.3 | 395.8 | 426.1 | 416.8 |
| Operating Expenses | ||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 91.5 | 603 | 555.4 | 475.7 | 381.9 | 292.1 | 267.3 | 297.1 | 267.4 | 166.3 | 156 | 157.8 | 156.9 | 104.2 | 104.5 | 106.2 | 215.4 | 197.0 |
| Other Expenses | 701.1 | 371 | 304.7 | 776.4 | 288.3 | 300 | 332.4 | 320.4 | 356.3 | 101.9 | 85.8 | 79.5 | 72.7 | 117.9 | 114.2 | 122.2 | 33.1 | 32.5 |
| Operating Expenses | 792.6 | 974 | 860.1 | 1,252.1 | 670.2 | 592.1 | 599.7 | 617.5 | 623.7 | 268.2 | 241.8 | 237.3 | 229.7 | 222.1 | 218.7 | 228.4 | 248.5 | 229.5 |
| Operating Income | ||||||||||||||||||
| Operating Income | 1,514.1 | 1,098.4 | 1,057.9 | 489.6 | 805.9 | 662.2 | 537.2 | 599.4 | 371.9 | 298.2 | 319.9 | 313.8 | 285.8 | 244.1 | 241.6 | 167.3 | 177.6 | 187.3 |
| Interest Expense | 0 | 51.5 | 62.4 | 60 | 48 | 38.7 | 37.8 | 38.2 | 41.3 | 5.7 | 0.0 | 0 | 0 | 0 | 0.9 | 0.9 | 0.9 | 0.0 |
| Interest Income | 49.4 | 27.3 | 12 | 3.6 | 0.6 | 1.1 | 1.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||
| EBITDA | 1,636.5 | 1,268.3 | 1,268 | 659.7 | 971.5 | 857.6 | 715.8 | 813.2 | 566.2 | 356.7 | 370.3 | 349.7 | 320.4 | 275.7 | 275.1 | 195.5 | 205.8 | 219.1 |
| EBIT | 1,514.1 | 1,135.3 | 1,110 | 492.9 | 804.1 | 699.1 | 539.2 | 609.2 | 374 | 312.3 | 324 | 309.7 | 285.8 | 244.1 | 241.0 | 165.5 | 178.1 | 193.4 |
| Income Before Tax | 1,566.6 | 1,083.8 | 1,047.6 | 432.9 | 756.1 | 660.4 | 501.4 | 571.2 | 334.4 | 306.6 | 324.0 | 309.7 | 283.7 | 242.6 | 240.1 | 164.6 | 177.2 | 193.4 |
| Income Tax Expense | 466.6 | 318.9 | 286.2 | 197.9 | 227.1 | 192.2 | 130.6 | 146 | (66.2) | 120.9 | 119.0 | 120.0 | 107.7 | 85.2 | 100.7 | 65.2 | 70.8 | 78.1 |
| Net Income | 1,100 | 764.9 | 761.4 | 235 | 529 | 468.2 | 374.9 | 426.5 | 401.7 | 186.8 | 205.0 | 189.7 | 176.0 | 157.4 | 139.4 | 99.4 | 106.5 | 115.3 |
| Per Share Data | ||||||||||||||||||
| EPS (Basic) | 10.46 | 7.24 | 7.16 | 2.21 | 4.93 | 4.28 | 3.37 | 3.81 | 3.70 | 2.27 | 2.46 | 2.21 | 1.99 | 1.78 | 1.52 | 1.03 | 1.17 | 1.27 |
| EPS (Diluted) | 10.42 | 7.21 | 7.13 | 2.20 | 4.92 | 4.27 | 3.35 | 3.80 | 3.69 | 2.27 | 2.46 | 2.21 | 1.99 | 1.78 | 1.52 | 1.03 | 1.17 | 1.24 |
| Shares Outstanding | 104.7 | 105.1 | 105.8 | 106.3 | 107 | 109.1 | 111.4 | 111.8 | 107.2 | 105.9 | 105.9 | 105.9 | 105.9 | 105.9 | 105.9 | 105.9 | 105.9 | 105.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 2,216.5 | 920.3 | 543.2 | 432.7 | 341.9 | 245.4 | 229.3 | 275.1 | 143.5 | 97.3 | 383.7 | 281.4 |
| Short-Term Investments | 36.1 | 110.3 | 57.5 | 91.7 | 37.1 | 92.4 | 71 | 35.7 | 47.3 | 0 | 0 | 0 |
| Net Receivables | 391.4 | 518.4 | 411.8 | 418.1 | 369.6 | 390.4 | 291.5 | 357.7 | 234.5 | 130.4 | 43.1 | 46.8 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 1,777.4 | 930.1 | 966.8 | 613.5 | 782.7 | 838.6 | 15.8 | 15.2 | 9.4 | 2.0 | 0.5 | 26.7 |
| Total Current Assets | 4,421.4 | 2,479.1 | 1,979.3 | 1,556 | 1,531.3 | 1,566.8 | 607.6 | 683.7 | 436.7 | 239.1 | 433.1 | 361.2 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 244.1 | 242.5 | 245.8 | 222.2 | 217.6 | 193.6 | 100.4 | 76.6 | 78.8 | 60.8 | 96.2 | 89.8 |
| Goodwill | 3,150.5 | 3,124.2 | 3,140.6 | 3,122.8 | 3,025.4 | 2,895.1 | 2,682.1 | 2,691.4 | 2,707.4 | 26.5 | 0 | 0 |
| Intangible Assets | 1,297.2 | 1,423.7 | 1,604.8 | 1,662.8 | 1,668.6 | 1,729 | 1,589.9 | 1,720.2 | 1,902.6 | 71.6 | 39.6 | 39.4 |
| Long-Term Investments | 32.4 | 383.7 | 345.3 | 253.2 | 245.8 | 42.7 | 61.2 | 86.2 | 82.7 | 72.9 | 3.1 | 5.7 |
| Other Non-Current Assets | 159.7 | 135.9 | 171.7 | (41) | (246.9) | (288.3) | (327) | (373.9) | (430.7) | 65.7 | 0 | 0 |
| Total Non-Current Assets | 4,883.9 | 5,310 | 5,508.2 | 5,442.9 | 5,283.2 | 4,949.7 | 4,506.3 | 4,637.3 | 4,829 | 238.1 | 138.9 | 134.9 |
| Total Assets | 9,305.3 | 7,789.1 | 7,487.5 | 6,998.9 | 6,814.5 | 6,516.5 | 5,113.9 | 5,321 | 5,265.7 | 476.7 | 571.9 | 496.1 |
| Current Liabilities | ||||||||||||
| Account Payables | 686.9 | 17.9 | 24.7 | 27.5 | 19.5 | 28.5 | 21 | 12.8 | 43.2 | 6.5 | 43.0 | 55.1 |
| Short-Term Debt | 0 | 0 | 0 | 304.7 | 0 | 68.7 | 0 | 299.8 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 6.4 | 5.9 | 11.7 | 15.2 | 10.2 | 4.5 | 8.5 | 15.4 | 3.1 | 0.2 | 26.4 |
| Other Current Liabilities | 1,675.4 | 935.3 | 989 | 680.2 | 878.3 | 876.4 | 37.4 | 56.3 | 74.6 | 25.1 | 0.1 | 0.1 |
| Total Current Liabilities | 2,362.3 | 1,395.2 | 1,383.4 | 1,477.2 | 1,169.3 | 1,313.3 | 281.6 | 595.9 | 334 | 85.4 | 472.2 | 90.9 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 1,563.8 | 1,441 | 1,439.2 | 1,437.3 | 1,299.3 | 1,135.2 | 867.6 | 915.6 | 1,237.9 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 120 | 186.8 | 217.8 | 222.9 | 372.7 | 377.6 | 399.7 | 436.8 | 488.2 | 0 | 20.6 | 19.2 |
| Other Non-Current Liabilities | 0 | 348.1 | 311.3 | 266.9 | 239.2 | 209.4 | 162.7 | 131.7 | 95 | 68.9 | 4.5 | 4.4 |
| Total Non-Current Liabilities | 1,804.7 | 2,114.3 | 2,119.1 | 2,056.4 | 2,040.4 | 1,854.3 | 1,476.7 | 1,484.1 | 1,821.1 | 73.8 | 25.1 | 23.6 |
| Total Liabilities | 4,167 | 3,509.5 | 3,502.5 | 3,533.6 | 3,209.7 | 3,167.6 | 1,758.3 | 2,080 | 2,155.1 | 159.2 | 497.2 | 114.5 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 1 | 1 | 1.1 | 1.1 | 1.1 | 1.2 | 1.2 | 1.2 | 1.2 | 0.9 | 19.6 | 19.6 |
| Retained Earnings | 3,543.6 | 2,815.9 | 2,525.2 | 2,171.1 | 2,145.5 | 1,810.2 | 1,512.6 | 1,288.2 | 993.3 | 710.8 | 53.4 | 360.3 |
| Accumulated Other Comprehensive Income | 30.1 | (48.4) | (9.4) | (31) | 55.6 | 74.6 | 37.6 | 11.5 | 50.7 | (0.8) | (0.8) | (0.8) |
| Total Stockholders' Equity | 5,138.3 | 4,279.6 | 3,985 | 3,465.3 | 3,604.8 | 3,348.9 | 3,355.6 | 3,241 | 3,110.6 | 317.9 | 74.7 | 381.7 |
| Total Liabilities & Equity | 9,305.3 | 7,789.1 | 7,487.5 | 6,998.9 | 6,814.5 | 6,516.5 | 5,113.9 | 5,321 | 5,265.7 | 477.2 | 571.9 | 496.1 |
| Debt Metrics | ||||||||||||
| Total Debt | 1,684.7 | 1,599.3 | 1,610.8 | 1,871.3 | 1,428.5 | 1,336 | 914.3 | 1,215.4 | 1,237.9 | 0 | 0 | 0 |
| Net Debt | (531.8) | 679 | 1,067.6 | 1,438.6 | 1,086.6 | 1,090.6 | 685 | 940.3 | 1,094.4 | (97.3) | (383.7) | (281.4) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,094.8 | 761 | 757.5 | 234.1 | 527.3 | 467 | 372.7 | 422.1 | 396.7 | 184.9 |
| Depreciation & Amortization | 122.4 | 133 | 158 | 166.8 | 167.4 | 158.5 | 176.6 | 204 | 192.2 | 44.5 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0.1 | 21.1 | (107) | 133.4 | (113.6) | 843.4 | 52.1 | (86.8) | (54.1) | (3.7) |
| Other Non-Cash Items | 6.8 | 109.5 | (15.5) | 334.3 | 15.7 | (10.1) | 31.4 | (4.6) | (160.4) | (4.2) |
| Operating Cash Flow | 1,224.1 | 1,024.6 | 793 | 868.6 | 596.8 | 1,458.8 | 632.8 | 534.7 | 374.4 | 221.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (71) | (60.9) | (45) | (59.8) | (51) | (47.4) | (35.1) | (36.3) | (37.5) | (44.4) |
| Acquisitions | 0 | 4 | 0 | (708.3) | (151.5) | (351.5) | 0 | 0 | (1,414.1) | (14.3) |
| Purchases of Investments | (177.3) | (155.8) | (146.9) | (119.3) | (311) | (234.6) | (108.8) | (168) | (140) | (23.3) |
| Sales/Maturities of Investments | 689.9 | 67.9 | 135.7 | 52.3 | 160.2 | 202.5 | 98 | 178.7 | 155.1 | 0 |
| Other Investing Activities | 8.6 | 3 | 1.1 | 0 | 0.6 | 0.5 | 30 | 0 | 0 | (2.4) |
| Investing Cash Flow | 450.2 | (141.8) | (55.1) | (835.1) | (352.7) | (430.5) | (15.9) | (25.6) | (1,436.5) | (84.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | (305) | 438.7 | 90 | 334.2 | (350) | (25) | 1,241.9 | 0 |
| Stock Repurchased | (96.5) | (225.7) | (114.5) | (110.4) | (87.5) | (363.3) | (167.9) | (161.8) | (26.1) | (64.6) |
| Dividends Paid | (284.3) | (249.4) | (223.5) | (209.4) | (193.3) | (170.6) | (150) | (130.3) | (118.1) | (78.5) |
| Other Financing Activities | 9.2 | (19.9) | (13.1) | (37.2) | (9.5) | (2.2) | (4.3) | (56.6) | 0 | 1.2 |
| Financing Cash Flow | (371.6) | (495) | (656.1) | 81.7 | (200.3) | (201.7) | (662.9) | (371.6) | 1,099.7 | (150.2) |
| Cash Position | ||||||||||
| Net Change in Cash | 36.2 | 372 | 115.6 | 90.8 | 96.5 | 16.1 | (45.8) | 131.6 | 46.2 | (5.0) |
| Cash at Beginning | 920.3 | 548.3 | 432.7 | 341.9 | 245.4 | 229.3 | 275.1 | 143.5 | 97.3 | 102.3 |
| Cash at End | 956.5 | 920.3 | 548.3 | 432.7 | 341.9 | 245.4 | 229.3 | 275.1 | 143.5 | 97.3 |
| Free Cash Flow | 1,153.1 | 963.7 | 748 | 808.8 | 545.8 | 1,411.4 | 597.7 | 498.4 | 336.9 | 177.0 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||
| Revenue | 4,714.2 | 4,094.5 | 3,773.5 | 3,958.5 | 3,494.8 | 3,427.1 | 2,496.1 | 2,768.8 | 2,229.1 | 645.1 | 634.5 | 617.2 | 572.0 | 512.3 | 508.1 | 437.1 | 426.1 | 416.8 |
| Gross Profit | 2,306.7 | 2,072.4 | 1,918 | 1,741.7 | 1,476.1 | 1,254.3 | 1,136.9 | 1,216.9 | 995.6 | 566.4 | 561.7 | 551.1 | 515.5 | 466.2 | 460.3 | 395.8 | 426.1 | 416.8 |
| Operating Income | 1,514.1 | 1,098.4 | 1,057.9 | 489.6 | 805.9 | 662.2 | 537.2 | 599.4 | 371.9 | 298.2 | 319.9 | 313.8 | 285.8 | 244.1 | 241.6 | 167.3 | 177.6 | 187.3 |
| Net Income | 1,100 | 764.9 | 761.4 | 235 | 529 | 468.2 | 374.9 | 426.5 | 401.7 | 186.8 | 205.0 | 189.7 | 176.0 | 157.4 | 139.4 | 99.4 | 106.5 | 115.3 |
| EPS (Diluted) | 10.42 | 7.21 | 7.13 | 2.20 | 4.92 | 4.27 | 3.35 | 3.80 | 3.69 | 2.27 | 2.46 | 2.21 | 1.99 | 1.78 | 1.52 | 1.03 | 1.17 | 1.24 |
| Balance Sheet | ||||||||||||||||||
| Cash & Equivalents | 2,216.5 | 920.3 | 543.2 | 432.7 | 341.9 | 245.4 | 229.3 | 275.1 | 143.5 | 97.3 | 383.7 | 281.4 | ||||||
| Total Assets | 9,305.3 | 7,789.1 | 7,487.5 | 6,998.9 | 6,814.5 | 6,516.5 | 5,113.9 | 5,321 | 5,265.7 | 476.7 | 571.9 | 496.1 | ||||||
| Total Debt | 1,684.7 | 1,599.3 | 1,610.8 | 1,871.3 | 1,428.5 | 1,336 | 914.3 | 1,215.4 | 1,237.9 | 0 | 0 | 0 | ||||||
| Stockholders' Equity | 5,138.3 | 4,279.6 | 3,985 | 3,465.3 | 3,604.8 | 3,348.9 | 3,355.6 | 3,241 | 3,110.6 | 317.9 | 74.7 | 381.7 | ||||||
| Cash Flow | ||||||||||||||||||
| Operating Cash Flow | 1,224.1 | 1,024.6 | 793 | 868.6 | 596.8 | 1,458.8 | 632.8 | 534.7 | 374.4 | 221.4 | ||||||||
| Capital Expenditure | (71) | (60.9) | (45) | (59.8) | (51) | (47.4) | (35.1) | (36.3) | (37.5) | (44.4) | ||||||||
| Free Cash Flow | 1,153.1 | 963.7 | 748 | 808.8 | 545.8 | 1,411.4 | 597.7 | 498.4 | 336.9 | 177.0 | ||||||||