DailyIQ
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Sector:Financial ServicesAll sectors
Last updated 30 minutes ago

CBOE·Cboe Global Markets, Inc.

$.
-. (-.%)
High
$347.25
Open
$345.07
Market Cap
36.03B
52W High
$371.18
Low
$332.56
P. Close
$344.24
P/E
29.17
52W Low
$218.14
Fwd P/E
23.45
Mean Target
$330.43
Technical Score (1D)
82
BUY
News Sentiment
59
BULLISH
Cboe is expanding its product offerings with the launch of two new leveraged ETFs from Tradr ETFs, providing 2x long and 2x short daily exposure to Cerebras Systems (CBRS). This launch aims to capitalize on the significant volatility and speculative interest surrounding CBRS's recent IPO, particularly within the AI semiconductor space. Traders can now utilize these products to express both bullish and bearish views on CBRS, offering a simpler alternative to margin or options trading. In other news, Cboe Global Markets has received SEC approval to introduce extended trading hours for select multi-listed equity options, effective July 13, 2026. This expansion will add pre-market and post-market sessions for actively traded single-stock options, enhancing market access and trading flexibility. This development is significant for options traders seeking to react to news and events outside of regular trading hours. Additionally, CIBC Global Asset Management has launched ETF classes for its active fixed income funds on Cboe, providing investors with access to its fixed income expertise and diversified Canadian bond market exposure. This move expands the active bond ETF landscape available on the exchange. These developments in fixed income ETFs could signal increased investor interest in actively managed strategies within the bond market, potentially impacting demand for various government and corporate debt instruments. Investors should watch for further product innovation in the fixed income ETF space as managers seek to offer differentiated strategies.
Earnings Summary
Cboe Global Markets, Inc. operates as a global exchange operator, facilitating trading across diverse asset classes including options, equities, and futures. Positioned within the Financial Services sector, specifically in Financial Data & Stock Exchanges, Cboe's business model is built on providing transaction services, clearing, and listing services, complemented by a digital asset spot market and futures exchange. Strategic alliances with index providers further bolster its market data and product offerings, reinforcing its standing in global financial markets. Analyzing Cboe's recent earnings, the company demonstrated a pattern of exceeding analyst expectations for Earnings Per Share (EPS) in the most recent quarters. For Q1 2026, EPS was $3.70 against an estimate of $3.37, and for Q4 2025, actual EPS was $3.06 compared to an estimate of $2.99. Revenue also showed growth, with Q1 2026 revenue at $728.9 million exceeding the estimate of $708.6 million, and Q4 2025 revenue of $671.1 million slightly missing the estimate of $672.9 million. This indicates a generally positive trend in both earnings and revenue performance, with a strong beat in the latest quarter for EPS and revenue. Historically, Cboe has shown a consistent upward trajectory in its year-over-year growth. The company has a notable track record of beating analyst estimates for EPS, particularly in the latter half of the provided earnings data. For instance, Q1 2026 and Q4 2025 both saw actual EPS surpass estimates. While revenue estimates were not consistently provided for all past quarters, the available data suggests a pattern of revenue growth, with the most recent reported quarter showing a beat against estimates. Recent news highlights Cboe's strategic expansion and product innovation. The launch of leveraged ETFs for Cerebras Systems and the introduction of extended trading hours for equity options are significant developments aimed at enhancing market access and catering to trader demand. Furthermore, the addition of active fixed income ETFs from CIBC Global Asset Management indicates a broadening of investment product offerings. These initiatives, alongside the inclusion in the Tema Durable Quality ETF, suggest a positive market perception and strategic growth focus. Looking ahead, investors will be watching for the impact of these new product launches and extended trading hours on trading volumes and revenue. Key will be Cboe's ability to maintain its EPS beat streak and capitalize on the growing demand for diverse financial products. The company's continued focus on risk management, as evidenced by the hiring of a new Chief Risk Officer, will also be crucial for navigating market complexities and supporting its growth strategy.

EPS

EstBeatMiss
$2.16$2.60$3.03$3.47$3.90Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$3.34 - -
Q1'26$3.37$3.70+9.7%
Q4'25$3.00$3.06+2.1%
Q3'25$2.53$2.67+5.6%
Q2'25$2.44$2.46+0.6%
Q1'25$2.36$2.50+5.8%

Revenue

EstBeatMiss
$541M$594M$647M$700M$753MQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$704M - -
Q1'26$709M$729M+2.9%
Q4'25$673M$671M-0.3%
Q3'25 - $606M -
Q2'25 - $587M -
Q1'25 - $565M -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

CBOE Stock Snapshot

CBOE is currently trading at $332.59, giving Cboe Global Markets, Inc. a market cap of 36.03B and a P/E ratio of 29.2. Today's range spans $332.56–$347.25, with shares opening at $345.07 and moving down $11.65 (3.4%) from the prior close. DailyIQ's technical score sits at 82/100 (BUY) with a news sentiment reading of 59/100.

Over the past year CBOE has traded between $218.14 and $371.18 - the current price is +52.5% off the 52-week low and -10.4% from the high. 24 analysts cover the stock with a Hold consensus and a mean 12-month target of $330.43 (range $273.00–$393.00), implying downside of -0.6%.

CBOE scores 82/100 (BUY) and is at $332.59 - in the upper portion of its 52-week range within its $218.14–$371.18 annual range. Sentiment at 59/100 is neutral. At 36.03B in Financial Services market cap (P/E: 29.2), this large-cap name benefits from a dynamic that mega-caps don't have: the potential for multiple expansion. When a name at this size with bullish momentum catches the attention of large allocators, the re-rating can be rapid and meaningful.

Earnings revision cycles in large-cap Financial Services names tend to compound: when technicals confirm a BUY thesis (82/100) and news sentiment (59/100, neutral) supports the narrative, analyst upgrades follow price rather than lead it. At $332.59 (in the upper portion of its 52-week range), CBOE's position within the $218.14–$371.18 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.