Cboe Global Markets Reports Robust 2024 Results

Cboe Global Markets ( (CBOE) ) has released its Q4 earnings. Here is a breakdown of the information Cboe Global Markets presented to its investors.

Cboe Global Markets is a prominent global exchange network, facilitating trading in equities, derivatives, and foreign exchange across North America, Europe, and Asia Pacific. The company is committed to offering innovative trading solutions and fostering a sustainable global marketplace.

Cboe Global Markets reported a robust financial performance for the fourth quarter of 2024, concluding a record year with net revenue growth of 8% to an all-time high of $2.1 billion. The company’s strong performance was driven by significant contributions from its Derivatives Markets, Data Vantage, and Cash and Spot Markets segments.

Key highlights from the earnings report include an adjusted diluted EPS increase of 10% year-over-year to $8.61 for the full year, alongside a 5% increase in net revenue for the fourth quarter to $524.5 million. The Options segment saw a 3% rise in net revenue, while the North American Equities and Europe and Asia Pacific segments experienced growth of 10% and 17%, respectively. However, the Futures segment experienced a 7% decline in net revenue.

Looking ahead, Cboe Global Markets has set an organic total net revenue growth target in the mid-single digits for 2025, with Data Vantage expected to achieve growth in the mid to high-single digit range. The company remains focused on maintaining a disciplined expense strategy, with adjusted operating expenses projected to range between $837 to $852 million.

Cboe Global Markets is poised for continued growth as it leverages its strategic initiatives and financial flexibility to capitalize on evolving market trends, aiming to deliver sustained value to shareholders in the forthcoming year.