Filing Flows › Cboe Global Markets (CBOE) › Guidance & outlook
Cboe Global Markets (CBOE) guidance and outlook
Cboe Global Markets (CBOE) raised some and lowered other parts of its guidance on Oct 30, 2026: Operating expenses $830M–$845M for FY2026; Depreciation & amortization $54.0M–$58.0M for FY2026; Tax rate 27.5%–29.5% for FY2026; Capital expenditures $98.0M–$108M for FY2026. Cboe Global Markets' 10-Q filed Oct 30, 2026 makes 10 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | FY2026 | $830M–$845M | lowered |
| Operating expenses | FY2026 | $830M–$845M | lowered |
| Depreciation & amortization | FY2026 | $54.0M–$58.0M | reaffirmed |
| Tax rate | FY2026 | 27.5%–29.5% | reaffirmed |
| Capital expenditures | FY2026 | $98.0M–$108M | reaffirmed |
From the earnings release filed Oct 30, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Oct 30, 2026
- On May 1, 2026, the Company announced additional actions related to its strategic realignment by optimizing resource allocation across the organization, which it expects to be substantially completed by the end of 2026.
- On September 29, 2026, the Company announced a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices (“S&P DJI”) that will continue the longstanding collaboration through 2051.
- Under the agreement, the Company will continue to have the exclusive rights to offer trading in its flagship SPX options.
- Isaacson will continue to serve as an advisor to the Company through the end of 2026.
- We believe our future revenues and net income will continue to be influenced by a number of domestic and international economic trends, including:
- We use adjusted operating EBITDA as a measure of operating performance for preparation of our forecasts and we use adjusted EBITDA for evaluating our leverage ratio for the debt to earnings covenant included in our outstanding credit facility.
- We expect our cash on hand at September 30, 2026 and other available resources, including cash generated from operations, to be sufficient to continue to meet our cash requirements for the foreseeable future.
- In the near term, we expect that our cash from operations and availability under the Revolving Credit Facility, and potential participation in future financing transactions to obtain additional capital, will meet our cash needs to fund our operations, capital expenditures, interest and principal payments on debt, any dividends, potential strategic acquisitions, to cover any adjustments arising from tax…
- The Cboe Clear Europe Credit Facility is expected to terminate within the next year and we may not be able to enter into a replacement facility on commercially reasonable terms, or at all.
- We believe our cash from operations and the availability under our Revolving Credit Facility will meet any long-term needs unless a significant acquisition or acquisitions are identified, in which case we expect that we would be able to borrow the necessary funds and/or issue additional shares of our common stock to complete such acquisition(s).
Cboe Global Markets' latest quarter
Cboe Global Markets, Q3 2026: revenue $1.4B (+19% year over year), operating margin 39.3%, net earnings $428M, operating cash flow $817M. The chart follows the revenue to costs, profit and cash.
Questions
Did Cboe Global Markets raise or lower its guidance?
Cboe Global Markets (CBOE) raised some and lowered other parts of its guidance on Oct 30, 2026: Operating expenses $830M–$845M for FY2026; Depreciation & amortization $54.0M–$58.0M for FY2026; Tax rate 27.5%–29.5% for FY2026; Capital expenditures $98.0M–$108M for FY2026.
What does Cboe Global Markets expect?
On May 1, 2026, the Company announced additional actions related to its strategic realignment by optimizing resource allocation across the organization, which it expects to be substantially completed by the end of 2026. On September 29, 2026, the Company announced a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices (“S&P DJI”) that will continue the longstanding collaboration through 2051. Under the agreement, the Company will continue to have the exclusive rights to offer trading in its flagship SPX options.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.