TickerTalks
Browse all tickers →
TickerTalks›$CBOE
CBCBOE

Cboe Global Markets, Inc.

$CBOE·$30B·Financial - Data & Stock Exchanges·Financial Services
$294.12-4.4%YTD+14.9%1Y+26.8%
Mentions · last 7 days
2026-08-27: 6 posts2026-08-28: 2 posts2026-08-29: 2 posts2026-08-30: 0 posts2026-08-31: 4 posts2026-09-01: 4 posts2026-09-02: 4 posts24
Price updated 10h ago·X counts updated 12h ago
CBCBOE
$CBOECboe Global Markets, Inc.
$294.12-4.39%24 posts
AI analysisFundamentalsVoices on X
Loading…

AI verdict & sentimentAI analysisGenerated by AI from underlying data

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 numbersWinding up for a moveAI verdict · as of 2026-09-02

Trading in a tight range and building pressure — a move looks likely soon, but the direction isn't clear yet.

Cboe options exchange at PE 24x — Q2 EPS beat 2.3% with Kalshi's fresh SEC petition to slow product launches.

Cboe Global Markets is the largest US options exchange (VIX complex, index products, cash equities) — PE 23.9x trailing with 34% operating margin. Up 33% t12m and 15% YTD to 56% of the 52-week range with Q2 EPS of $3.56 beating estimate by 2.3%, extending a four-quarter beat streak. Rival prediction-market platform Kalshi asked the SEC to slow Cboe product launches (8/25).

  • The Q2 print was solid: EPS of $3.56 versus $3.48 estimate beat by 2.3% with revenue of $732M growing 6.5% year-over-year — extending a four-quarter beat streak averaging 4.5% surprises, consistent operational execution as market volatility drives options volume higher.
  • The Kalshi SEC petition is the fresh competitive risk: 8/25 news that Kalshi asked the SEC to slow Cboe product launches — this reflects real competitive pressure from prediction-market platforms, but Cboe's incumbent-exchange positioning limits the near-term impact.
  • The dividend continuity and options-cycle exposure is the defensive setup: Cboe declared its regular dividend in the 8/8-8/14 announcement window (per Seeking Alpha coverage), and the VIX-exposed business model actually benefits from volatility spikes — combined with the 24/7 casino framing in sentiment, this shows the tape can work in multiple market regimes.

The coiling above the 50-day resolves at 10/30 Q3 — another single-digit beat plus options-volume and Kalshi SEC status commentary. A volume slowdown or adverse SEC guidance breaks the setup back to the 200-day.

What to watch: 10/30 Q3 earnings — single-digit beat plus options-volume and Kalshi SEC petition status. A volume slowdown or adverse SEC guidance breaks the setup back to the 200-day.

On the calendar: 2026-10-30 - Q3 2026 earnings

X sentiment

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

Neutral sentiment5 posts analyzed · as of 2026-08-26

$CBOE chatter is thin. Bulls note financials have had a 'strong run' with a stated 100% win rate on June entries and 20-30% average returns; CBOE is being positioned as a volatility hedge. Bears point to $CBOE 'turning into an actual 24/7 casino' and a $270 put buy hitting for 150 contracts as bearish flow. No consensus.

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
Free, forever. No credit card.

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

Trading volume — which directly drives exchange transaction revenue — is sustained by macro uncertainty and AI-driven algorithmic activity. Data and analytics subscriptions provide recurring revenue insulation from volume volatility.

What this means for $CBOE

Partial — net interest margin and credit quality are the primary earnings drivers; Cboe Global Markets, Inc.

Industry benchmark

10-name peer basket
+1.0%YTD
+6.7%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
Q2 2026Jul 31, 2026$3.56$3.48+2.3%
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%
Next earningsFri, Oct 30·consensus EPS $3.36

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 8 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$2.8B$2.7B – $3.0B$13.85$12.67 – $15.028
FY27$3.0B$2.7B – $3.3B$14.73$12.29 – $16.678
FY28$3.1B$2.8B – $3.3B$16.14$13.78 – $17.765
FY29$3.3B$3.0B – $3.5B$18.15$16.33 – $19.682
FY30$3.3B$3.1B – $3.5B$19.45$17.50 – $21.102

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.0.7×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.56%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.+9.3%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.+8.0%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 104.4M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today0.7% 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.β0.415-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

SellAug 12Janet P FroetscherDirector937 sh$261KSellMay 18Janet P FroetscherDirector1.2K sh$438K
+ 15 other (14 awards · 1 inkind) 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
Free, forever. No credit card.

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

3New insider — initial holdingsAug 143
AI summary

Boudewijn Duinstra filed an initial Form 3 as the newly appointed EVP and Chief Risk Officer of Cboe Global Markets, Inc., effective August 10, 2026. No securities are beneficially owned at the time of filing. Routine Section 16(a) officer disclosure with no market impact.

8-KMaterial agreementJul 288-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation
AI summary

Cboe Global Markets (CBOE) entered a Third Amended and Restated Credit Agreement on July 24, 2026, replacing its prior facility (dated February 25, 2022), with Bank of America N.A. as administrative agent and a syndicate of lenders. The new five-year senior unsecured revolving credit facility provides $400 million of capacity (expandable by up to $200 million to $600 million total), with interest at Term SOFR/SONIA/EURIBOR plus a margin of 0.75%–1.25% per annum based on Cboe's public debt ratings. The facility includes a $25 million swing-line sub-facility and options for Cboe subsidiaries as additional borrowers guaranteed by Cboe. This is a routine large-cap credit facility refinancing; the terms are modestly favorable given Cboe's investment-grade profile and present no new dilution.

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
+ 9 other (4 13Gs · 2 10-Qs · 1 earnings 8-K · 1 ARS) in window

Recent news

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

Kalshi Asks SEC to Slow Product Launches From Rival Cboepymnts.com·9d agoInvesco Discovery Mid Cap Growth Fund Q2 2026 Portfolio Performanceseekingalpha.com·11d agoDividend Announcements: August 8-14, 2026seekingalpha.com·16d agoDividend Champion, Contender, And Challenger Highlights: Week August 16seekingalpha.com·20d agoCboe Global Strengthens Shareholder Returns With Dividend Hikezacks.com·20d ago

In themes

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

Trending on X

More in Financial - Data & Stock Exchanges

Peers in the same group — one click to compare setups, fundamentals, and chatter.

$COIN$NDAQ$SPGI$ICE$CME$MSCI$MCO$FDS
Voices on X · last 7 days

No standout posts about $CBOE on X in the last 7 days.

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.

PrivacyTermsSupport