Cboe Global Markets raises revenue growth view to high single digit range

The company said, “Organic total net revenue growth is expected to be in the high single digit range in 2025, up from previous guidance calling for mid to high single digits. Reaffirms Data Vantage organic net revenue growth range of mid to high single digits in 2025.” Sees FY25 adjusted operating expenses $832M-$847M, down from previous guidance of $837M-$852M. The guidance excludes the expected amortization of acquired intangible assets of $70M; the company reflects the exclusion of this amount in its non-GAAP reconciliation. Sees FY25 depreciation and amortization expense $53M-$57M, down $55M-$59M, excluding the expected amortization of acquired intangible assets. Reaffirms FY25 effective tax rate view on adjusted earnings 28.5%-30.5%. Significant changes in trading volume, expenses, tax laws or rates, and other items could materially impact this expectation. Reaffirms FY25 capital expenditures view $75M-$85M.”Cboe achieved another quarter of record net revenue and strong adjusted earnings growth, highlighting the durability across our exchange ecosystem,” said Jill Griebenow, Cboe Global Markets (CBOE) Executive Vice President, CFO. “Derivatives net revenue grew 17%, driven by robust volumes across our options business. Data Vantage produced 11% net revenue growth, and Cash and Spot Markets net revenue increased 11% on a year-over-year basis. Moving forward, we are increasing our organic total net revenue growth guidance range to high single digits from mid to high single digits, and we are reaffirming our Data Vantage organic net revenue growth range of mid to high single digits for 2025. In addition, we are lowering our full year adjusted operating expense guidance range to $832M-$847M from $837M-$852M. Following our strong first half performance, we remain well-positioned to advance our financial priorities and deliver meaningful impact across our global markets.”