Filing Flows › Cboe Global Markets (CBOE) › Q3 2026
Cboe Global Markets (CBOE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 30, 2026
Cboe Global Markets (CBOE) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +19% from a year earlier and -6% from the quarter before. Operating margin was 39.3%, net earnings $428M (31.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | -6% | +19% |
| Gross profit | $712M | -3% | +18% |
| Operating profit | $534M | +12% | +44% |
| Net earnings | $428M | +21% | +42% |
| Operating cash flow | $817M | — | +431% |
| Free cash flow | $793M | — | +475% |
What changed
Revenue was $1.4B in Q3 2026, up 19% year over year and down 6% from the previous quarter. Options was the largest line at 54% of revenue. Options added $0.12B year over year (up 19%), 54% of the total change. Futures declined 3%.
Gross margin was 52.4%, down 0.6 points from Q3 2025. Operating profit was $0.53B, a 39.3% margin (up 6.9 points year over year). Of the extra revenue versus Q3 2025, 76% reached operating profit, above the 32% margin then. Operating expenses fell 24% while revenue rose 19%. Net earnings were $0.43B, up 42% year over year. The effective tax rate was 22.8%.
Operating cash flow was $0.82B (up 431% year over year), 191% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.35B. Capital expenditures of $0.02B left free cash flow of $0.79B.
Questions
What was Cboe Global Markets' revenue in the third quarter 2026?
Cboe Global Markets (CBOE) reported revenue of $1.4B for the third quarter 2026 (Q3 2026), +19% from a year earlier and -6% from the quarter before.
Was Cboe Global Markets profitable in the third quarter 2026?
Operating profit was $534M (39.3% of revenue) and net earnings $428M.