Cboe Global Markets Reports 18% Revenue Growth and Secures Long-Term S&P Licensing
Cboe Global Markets (CBOE) reported strong third-quarter 2026 results, highlighted by an 18% year-over-year increase in net revenue to $712 million. A pivotal development for the company is a 25-year extension of its exclusive licensing agreement with S&P Dow Jones Indices, securing rights to S&P 500 Index options through 2051 and providing long-term visibility for its high-margin proprietary products. The exchange is also diversifying via 'Cboe Predicts,' offering SEC-regulated event contracts designed to provide institutional protections against manipulation. Additionally, the company's Global Trading Hours (GTH) saw significant expansion, with volume jumping over 130% driven largely by increased participation from Asian brokers. Following these results, management raised its 2026 organic net revenue growth guidance to the high teens.
Topics: Event Contracts Global Trading Hours Licensing Agreement Revenue Growth