Filing Flows › Cboe Global Markets (CBOE) › Q2 2026
Cboe Global Markets (CBOE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Cboe Global Markets (CBOE) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +13% from the quarter before. Operating margin was 33.0%, net earnings $353M (24.5% of revenue).
Cboe Global Markets, Q2 2026: revenue $1.4B (+23% year over year), operating margin 33.0%, net earnings $353M, operating cash flow −$503M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +13% | +23% |
| Gross profit | $732M | +0.4% | +25% |
| Operating profit | $476M | -6% | +40% |
| Net earnings | $353M | -8% | +50% |
| Operating cash flow | −$503M | -126% | -251% |
What changed
Revenue was $1.4B in Q2 2026, up 23% year over year and up 13% from the previous quarter. Options was the largest line at 52% of revenue. Options added $0.17B year over year (up 29%), 62% of the total change.
Gross margin was 50.7%, up 0.7 points from Q2 2025. Operating profit was $0.48B, a 33.0% margin (up 4.1 points year over year). Of the extra revenue versus Q2 2025, 51% reached operating profit, above the 29% margin then. Operating expenses grew 3% against revenue growth of 23%. Net earnings were $0.35B, up 50% year over year. The effective tax rate was 28.6%.
Operating cash flow was −$0.50B. Non-cash charges added back $0.03B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.90B.
Questions
What was Cboe Global Markets' revenue in the second quarter 2026?
Cboe Global Markets (CBOE) reported revenue of $1.4B for the second quarter 2026 (Q2 2026), +23% from a year earlier and +13% from the quarter before.
Was Cboe Global Markets profitable in the second quarter 2026?
Operating profit was $476M (33.0% of revenue) and net earnings $353M.