Cboe Global Markets Reports 14% Jump in Net Revenue in Q1 2022

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

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"2022 is off to an extraordinary start with Cboe delivering record quarterly results following a record year in 2021. Not only did our core derivatives franchise perform remarkably well during the quarter, but we saw strong contributions from areas like our European cash equities and our Data and Access Solutions businesses, underscoring the power of the flywheel at the heart of Cboe's global value creation model,"said Edward T. Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer.

"These comprehensive results validate the investments we are making across our ecosystem around the globe. Moving forward, we look to build on our strong foundation with the expected close of the NEO and ErisX acquisitions, expansion of our SPX Weekly Options product suite and continued growth of our European Derivatives platform. There is a tremendous amount of momentum at Cboe, and I am incredibly proud of the Cboe team's ability to deliver on the company's longer-term aspirations."

First Quarter Highlights

• ​Diluted EPS for the Quarter of $1.02, Down 20 percent

• Adjusted Diluted EPS for the Quarter of $1.73, Up 13 percent

• ​Net Revenue for the Quarter of $418 million, Up 14 percent

• ​Reaffirmed Organic Total Net Revenue Growth Target for 2022 of 5 to 7 percentage points; Increases Data and Access Solutions Organic Net Revenue Growth Target to 8 to 11 percentage points, from 7 to 10 percentage points

• ​Reaffirmed 2022 Adjusted Operating Expense Guidance of $617 to $625 million