CBOE · Business segments
Cboe (CBOE) revenue by segment
Where Cboe’s revenue comes from, as reported in its SEC filings.
Latest quarter: September 30, 2026
Total revenue on the income statement: $1.36B.
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Derivatives Markets | $664.9M | 48.9% |
| Cash and Spot Markets | $511.3M | 37.6% |
| Data and Access Solutions | $182.6M | 13.4% |
Revenue by Segment
| Line | Revenue | Share | Operating income | Margin |
|---|---|---|---|---|
| Options | $733.4M | 54.0% | $335.9M | 45.8% |
| North American Equities | $462.2M | 34.0% | $60.6M | 13.1% |
| Europe and Asia Pacific | $103.4M | 7.6% | — | — |
| Futures | $30.9M | 2.3% | $21.7M | 70.2% |
| Global FX | $28.9M | 2.1% | $16M | 55.4% |
Latest year: December 31, 2025
Total revenue on the income statement: $4.71B.
Revenue by Product
| Line | Revenue | Share |
|---|---|---|
| Transaction and Clearing Fees | $3.6B | 76.3% |
| Access and Capacity Fees | $408.7M | 8.7% |
| Market Data Fees | $326.6M | 6.9% |
| Regulatory Fees | $285.4M | 6.1% |
| Other Revenue | $95.9M | 2.0% |
Revenue by Segment
| Line | Revenue | Share | Operating income | Margin |
|---|---|---|---|---|
| Options | $2.43B | 51.6% | $1.11B | 45.7% |
| North American Equities | $1.67B | 35.5% | $188.1M | 11.2% |
| Europe and Asia Pacific | $378.6M | 8.0% | $53.9M | 14.2% |
| Futures | $135.9M | 2.9% | $73.9M | 54.4% |
| Global FX | $93.8M | 2.0% | $46M | 49.0% |
Reading notes
Share is each line’s part of that breakdown. Margin is the company’s reported segment operating income divided by that segment’s revenue. Companies define segment profit differently and may re-cut segments over time, so a company’s lines can differ between years. Breakdowns that do not add up to within 5% of reported revenue are left out.