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CBCBOE

Cboe Global Markets, Inc.

$CBOE·$29B·Financial - Data & Stock Exchanges·Financial Services
$273.41-1.6%YTD+8.9%1Y+15.0%
Mentions · last 7 days
2026-07-12: 97 posts2026-07-13: 141 posts2026-07-14: 35 posts2026-07-15: 28 posts2026-07-16: 17 posts2026-07-17: 5 posts2026-07-18: 2 posts325-28%
Price updated 3d ago·X counts updated 2d ago
CBCBOE
$CBOECboe Global Markets, Inc.
$273.41-1.61%325 posts-28%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $CBOE, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Proven numbersEvent coming upAI verdict · as of 2026-07-20

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

Cboe coils below highs into earnings after digesting perp-crypto-futures competitive noise.

Cboe Global Markets is the largest US options exchange (SPX, VIX complex) plus growing global futures and market-data segments. Up 9% YTD as options-market growth continues; heading into July 31 earnings with a fresh sell-side upgrade in hand.

The setup:

  • Fundamentals are stable and premium: Q1 revenue $1.27B (+6.5% YoY) at 52% gross margin and 34% operating margin — this is what a mature exchange operator generates, and consensus Q2 EPS $3.41 is a beat-friendly bar reflecting continued options-volume strength.
  • Sell-side upgrade momentum is real: reported CBOE upgraded to Buy in July commentary — this is the classic setup where sell-side follows a genuine multi-quarter operational trend rather than leading it, and the timing right before earnings suggests numbers are coming.
  • The perp-crypto-futures threat is manageable: reported X commentary that CBOE 'marching up on a small vola move' is reassuring given prior perp-crypto-futures competitive threat — this shows the equity has already digested the competition concern and is refocusing on core options fundamentals.

Event-ahead into July 31 with real fundamentals and sell-side sponsorship — a Q2 EPS beat above $3.41 plus continued options-volume commentary and any commentary on SPX/VIX product-innovation extends the run toward $290+; a soft print or a hint that competition is eating into revenue share extends the pullback to $260 support. The dividend and defensive exchange-operator profile cushion downside.

Agrees with X sentimentThe X read on the perp-crypto-futures threat being digested and CBOE's 2-2 up day/week trigger is directionally right. The 'small slices while retaining core swing' framing captures the tape's post-noise resolution honestly.

What to watch: July 31 Q2 earnings: EPS vs $3.41, options-volume trajectory, updated FY guide, and any commentary on SPX/VIX product-innovation. A hint that competition is eating into revenue share extends the pullback to $260 support.

On the calendar: 2026-07-31 — Q2 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment5 posts analyzed · as of 2026-07-15

CBOE chatter is bullish. CBOE +5.53% to $258.50 with 2-2 up day/week trigger. Chart bulls note CBOE 'marching up on a small vola move' - reassuring given prior perp-crypto-futures threat. Traders selling small slices while retaining core swing trade positions. Community broadly long.

Read the AI verdict + X sentiment for $CBOE

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Runs the world's largest options exchange and diversified global equities, futures, and FX markets.

Industry overviewAI analysisGenerated by AI from underlying data

Where Financial - Data & Stock Exchanges sits in its cycle right now — and what that implies for $CBOE.

Financial - Data & Stock Exchanges · Financial Services

No material change from last week — COIN's Kalshi acquisition and Bitcoin ETF expansion validate a new institutional market structure for digital assets.

What this means for $CBOE

Neutral — Runs the world's largest options exchange and diversified global equities, futures, and FX markets; limited read-through from financial - data & stock exchanges macro dynamics to this specific revenue mix.

Industry benchmark

6-name peer basket
-10.8%YTD
-16.8%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
23.9How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
10.6%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
34.3%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
3.3%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
6.2Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
24.6%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
52.2%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.3Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 1, 2026$3.70$3.34+10.8%
Q4 2025Feb 6, 2026$3.06$2.94+4.1%
Q3 2025Oct 31, 2025$2.67$2.53+5.5%
Q2 2025Aug 1, 2025$2.46$2.42+1.7%
Next earningsFri, Jul 31·consensus EPS $3.41

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.3B+6.5%52.6%39.7%$3.67$62.8M
Q4 FY25$1.2B+8.7%53.1%35.6%$2.98$357.8M
Q3 FY25$1.1B+8.1%53.0%32.4%$2.86$137.9M
Q2 FY25$1.2B+20.5%50.0%28.9%$2.23$416.9M

Forward consensus

5-year forecast · up to 9 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$2.8B$2.7B – $3.0B$13.73$12.45 – $15.159
FY27$2.9B$2.7B – $3.4B$14.62$12.39 – $16.809
FY28$3.1B$3.1B – $3.2B$16.06$13.82 – $16.945
FY29$3.3B$3.0B – $3.5B$18.17$16.53 – $20.032
FY30$3.3B$3.1B – $3.6B$19.45$17.69 – $21.452

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.1.0×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.32%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-8.1%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.-1.1%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 104.2M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.6% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.445-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellMay 18Janet P FroetscherDirector1.2K sh$438KSellFeb 23Allen WilkinsonSVP, CHIEF ACCOUNTING OFFICER248 sh$73K
+ 25 other (15 awards · 5 inkinds · 5 exempts) in window

See when $CBOE insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementJun 268-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

Cboe Global Markets amended and restated Cboe Clear Europe's existing credit facility in an annual renewal, effective June 26, 2026. Routine annual credit facility renewal for Cboe's European clearing subsidiary; no changes to terms were disclosed in the excerpt.

3New insider — initial holdingsJun 13
AI summary

A new insider filed a Form 3 with the SEC, disclosing initial beneficial ownership of CBOE securities. This filing is required under Section 16(a) of the Securities Exchange Act within 10 days of becoming a reporting person (officer, director, or 10%+ holder). The filing reports 4 shares of common stock. Form 3 filings establish a baseline ownership record for subsequent Form 4 (changes) and Form 5 (annual) filings, providing transparency into insider positions at CBOE.

8-KShareholder voteMay 188-K — Item 5.07: Shareholder vote
AI summary

Cboe Global Markets, Inc. (CBOE) disclosed the results of its annual meeting of shareholders in an 8-K filing under Item 5.07. Shareholders voted on an advisory say-on-pay resolution, ratification of the independent auditor, shareholder proposals. All management-sponsored proposals were approved by majority shareholder vote. Annual meeting results are a routine disclosure that confirms shareholder ratification of the board's composition and compensation practices.

8-KRestructuring / exit costsMay 18-K — Item 2.02: Earnings release · Item 2.05: Restructuring / exit costs
AI summary

Cboe Global Markets, Inc. (CBOE) reported financial results for fourth quarter in an 8-K filed under Item 2.02. The filing includes key financial metrics including revenue, operating income, and per-share results. Results of operations disclosures under Item 2.02 typically accompany an earnings press release furnished as an exhibit, making them available concurrently with the earnings call. These filings provide the market with transparent, timely financial performance data for investment analysis.

3New insider — initial holdingsMar 123
S-3ASRAuto-shelf registrationFeb 20S-3ASR
8-KOfficer or director changeJan 268-K — Item 5.02: Officer or director change · Item 8.01: Other event
+ 9 other (4 13Gs · 1 10-Q · 1 ARS · 1 proxy) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Cboe Global vs. Nasdaq: Which Exchange Stock Is the Better Buy Now?zacks.com·3d ago3 Reasons Why Growth Investors Shouldn't Overlook CBOE (CBOE)zacks.com·4d agoCBOE (CBOE) Upgraded to Buy: Here's Whyzacks.com·4d agoEarnings season plays: Profit expectations are growing for these stocks while their valuations get cheapercnbc.com·6d agoCboe Global Markets to Launch Extended Hours for Single-Stock Options. Here's Why It Wins When Volatility Spikes.fool.com·7d ago

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Explore the broader themes this ticker is being talked about under.

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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