Cboe Global Markets reports Q1 adjusted EPS $3.70, consensus $3.37

Reports Q1 revenue $728.9M, consensus $708.61M. “Cboe delivered an exceptional Q1, building on our 2025 momentum by producing 29% net revenue growth, 54% diluted EPS growth, and 48% adjusted diluted EPS growth,” said CFO Jill Griebenow. “Our Cash and Spot Markets net revenue rose 34% ercent on strong market activity. Our Derivatives business was up 32% on another quarter of record volumes across our index options products, and our Data Vantage business grew 19% on a year-over-year basis. Moving forward, we anticipate 2026 total organic net revenue growth will be in the ‘low double-digit to mid-teens’ range, up from our prior guidance of ‘mid single-digit’, and we anticipate 2026 Data Vantage organic net revenue growth will be in the ‘low double-digit’ range, up from our prior guidance of ‘mid to high single-digit’. In addition, given disciplined expense management and incorporating the impact from today’s additional actions related to our strategic realignment, we are reducing our full year 2026 adjusted operating expense guidance range to $838M-$853M from $864M-$879M. We are pleased with the strong start to the year and remain focused on producing durable shareholder returns in the quarters ahead.”