Cboe Global Markets Posts 20% Jump in Net Revenue in Q3 2022

Cboe Global Markets, Inc. (Cboe), a leading provider of global market infrastructure and tradable products, has reported financial results for the third quarter of 2022.

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Third Quarter Highlights

• ​Diluted EPS for the Quarter of $1.41, Up 26 percent

• ​Adjusted Diluted EPS for the Quarter of $1.74, Up 20 percent

• ​Net Revenue for the Quarter of $442.4 million, Up 20 percent

• Increases Organic Total Net Revenue Growth Target for 2022 to 14 to 16 percent, from 9 to 11 percent

• ​Decreases 2022 Adjusted Operating Expense Guidance to $651 to $659 million, from $659 to $667 million.

"Cboe delivered record adjusted earnings in the third quarter of 2022, building on the strong results produced over the first half of the year. The robust trends were driven by our derivatives franchise, supported by sizable contributions from our data and access solutions and cash and spot markets during the quarter," said Edward T. Tilly, Cboe Global Markets Chairman and Chief Executive Officer.

"Through the early part of the fourth quarter, we have seen positive momentum in our derivatives business as we continue to expand access to our core products. The enhancements we have recently made, including the addition of Tuesday and Thursday expirations for SPX options and the expansion of our trading hours, continue to help reshape trading behavior and expand the overall market. More broadly, we are investing in innovative solutions that leverage our ecosystem spanning cash markets, data and derivatives markets around the globe. Our business has never been on stronger footing, and we look forward to continuing to deliver increased value to our shareholders and customers."