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Compared to Estimates, CBOE (CBOE) Q3 Earnings: A Look at Key Metrics
ZACKS· 2025-11-01 04:20
财务业绩摘要 - 公司2025年第三季度营收为6.055亿美元,同比增长13.8%,超出市场一致预期5.9284亿美元,带来2.14%的营收惊喜 [1] - 季度每股收益为2.67美元,高于去年同期的2.22美元,超出市场一致预期2.53美元,带来5.53%的每股收益惊喜 [1] - 净交易和清算费用收入为4.466亿美元,同比增长14.3%,超出基于五位分析师的平均预期4.3553亿美元 [4] 业务量指标 - 期权产品平均日交易量为1878万份,高于七位分析师的平均预期1812万份 [4] - 指数期权平均日交易量为486万份,略高于七位分析师的平均预期480万份 [4] - 多重上市期权平均日交易量为1391万份,高于七位分析师的平均预期1332万份 [4] 各业务线收入表现 - 接入和容量费用总收入为1.039亿美元,高于基于六位分析师的平均预期1.0169亿美元 [4] - 市场数据费用总收入为8370万美元,高于基于六位分析师的平均预期8117万美元 [4] - 全球外汇业务交易和清算费用收入为1960万美元,同比增长12.6%,高于基于三位分析师的平均预期1880万美元 [4] - 期货业务交易和清算费用收入为2380万美元,同比大幅下降24.9%,低于基于三位分析师的平均预期2967万美元 [4] 市场表现与背景 - 公司股票在过去一个月回报率为-1.9%,同期标普500指数回报率为+2.1% [3] - 投资者通常密切关注营收和收益的同比变化及其与华尔街预期的对比,以决定下一步行动 [2] - 一些关键指标能更好地揭示公司的潜在业绩,因其对驱动顶线和底线数字至关重要 [2]
Cboe Global Q3 Earnings Surpass Estimates, Revenues Rise Y/Y
ZACKS· 2025-11-01 00:20
核心业绩表现 - 第三季度调整后每股收益为2.67美元,同比增长20%,超出市场预期5.5% [1] - 总调整后收入创纪录,达6.055亿美元,同比增长14%,超出市场预期2.1% [2] - 调整后营业利润同比增长21%至3.953亿美元,调整后营业利润率达65.3%,同比提升360个基点 [4][5] 分业务收入详情 - 期权业务收入同比增长19%至3.808亿美元,主要受市场数据、接入与容量费用以及净交易清算费用增长驱动 [2] - 北美股票业务收入同比增长6%至1.035亿美元,主要得益于接入与容量费用以及市场数据费用的增长 [3] - 欧洲及亚太地区收入同比增长24%至6910万美元,期货业务净收入同比下降22%至2960万美元 [3] - 全球外汇业务净收入同比增长13%至2250万美元 [4] 成本与盈利能力 - 调整后营业费用为2.102亿美元,同比增长3%,低于公司预估的2.208亿美元 [4] - 调整后息税折旧摊销前利润率为68.6%,同比扩张430个基点 [5] 财务状况 - 期末现金及现金等价物为15亿美元,较2024年末水平增长62.6% [6] - 总资产为91亿美元,较2024年末增长16.4%,长期债务为14亿美元,较2024年末微增0.09% [6] - 股东权益为49亿美元,较2024年12月31日水平增长14.1% [6] 资本回报与指引更新 - 第三季度支付现金股息7570万美元(每股0.72美元),现有股票回购授权剩余额度约为6.145亿美元 [9] - 将2025年有机总收入增长指引上调至低双位数至中双位数区间,此前为高个位数 [10] - 将Data Vantage业务有机净收入增长指引上调至高个位数至低双位数区间 [10] - 2025年调整后营业费用指引下调至8.27-8.42亿美元,资本支出指引下调至7300-8300万美元 [11][12] 同业公司表现 - 纳斯达克第三季度调整后每股收益0.88美元,同比增长18.9%,净收入13亿美元,同比增长15%,有机增长11% [14][15] - 芝商所第三季度调整后每股收益2.68美元,收入15亿美元,同比下降2.9%,日均合约量创纪录达2530万份,但同比下降10.4% [16][17] - 洲际交易所第三季度调整后每股收益1.71美元,同比增长10.3%,净收入创纪录达24亿美元,同比增长2.6% [18][19]
CBOE Global (CBOE) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-10-31 21:46
CBOE Global (CBOE) came out with quarterly earnings of $2.67 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.53%. A quarter ago, it was expected that this holding company for the Chicago Board Options Exchange would post earnings of $2.42 per share when it actually produced earnings of $2.46, delivering a surprise of +1.65 ...
Cboe(CBOE) - 2025 Q3 - Quarterly Report
2025-10-31 20:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34774 Cboe Global Markets, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 20-5446972 (State or ...
Cboe Global Markets Non-GAAP EPS of $2.85 beats by $0.32, revenue of $605.5M beats by $13.14M (BATS:CBOE)
Seeking Alpha· 2025-10-31 19:34
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Cboe(CBOE) - 2025 Q3 - Quarterly Results
2025-10-31 19:30
Exhibit 99.1 News Release Page 1 of 16 Cboe Global Markets Reports Results for Third Quarter 2025 and Announces Strategic Realignment of Business Portfolio Third Quarter Highlights* CHICAGO, IL – October 31, 2025 – Cboe Global Markets, Inc. (Cboe: CBOE) ("Cboe" or the "Company") today reported financial results for the third quarter of 2025 and announced a strategic realignment of its business portfolio following comprehensive review. In the third quarter, Cboe reported record quarterly net revenue of $605. ...
Cboe Global Markets Reports Results for Third Quarter 2025 and Announces Strategic Realignment of Business Portfolio
Prnewswire· 2025-10-31 19:30
Accessibility StatementSkip Navigation Third Quarter Highlights* CHICAGO, Oct. 31, 2025 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE) ("Cboe" or the "Company") today reported financial results for the third quarter of 2025 and announced a strategic realignment of its business portfolio following comprehensive review. In the third quarter, Cboe reported record quarterly net revenue of $605.5 million, record diluted EPS of $2.85, and record adjusted diluted EPS of $2.67. Total net revenue grew 14 pe ...
Cboe Announces JJ Kinahan to Lead Retail Market Expansion and Innovation Efforts
Prnewswire· 2025-10-31 04:20
Accessibility StatementSkip Navigation CHICAGO, Oct. 30, 2025 /PRNewswire/ --Â Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced JJ Kinahan will join as Senior Vice President, Head of Retail Expansion and Alternative Investment Products. In this role, Mr. Kinahan will lead Cboe's newly established business vertical focused on developing alternative investment products for retail customers, helping to oversee product strategy, regulatory ...
Will Cboe Global's Beat Streak Continue in This Earnings Season?
ZACKS· 2025-10-27 23:45
业绩预期 - 公司预计将于10月31日公布2025年第三季度业绩,营收和利润均有望实现同比增长 [1] - 第三季度营收共识预期为5.7903亿美元,预示较去年同期增长8.8% [1] - 第三季度每股收益共识预期为2.46美元,该预期在过去30天内上调了5.5%,预示同比增长10.8% [2] 盈利超预期预测模型 - 预测模型显示公司本次财报可能超出盈利预期,因其同时具备正向的盈利ESP和Zacks排名第二 [3][4] - 公司盈利ESP为+3.11%,因最准确估计2.53美元高于共识预期2.46美元 [4] - 公司当前Zacks排名为第二 [4] 驱动第三季度业绩的积极因素 - 稳健的指数期权增长、更高的交易和清算费、接入和容量费用、市场数据费及监管费预计将提振业绩 [5] - 受Cboe期权、美国股票和欧洲股票交易所交易量增加推动,更高的交易和清算费预计将利好现金及现货市场和衍生品市场收入 [6] - 数据服务收入预计受益于强劲的新订阅和销售、定价变化、品牌投资以及对销售结果的关注,接入和容量费用以及专有市场数据费亦预计增长 [7] - 接入和容量费用预计因北美股票、期权及欧洲和亚太细分市场逻辑端口费增加而受益,这由客户需求增长驱动 [8] - 专有市场数据费预计因期权及欧洲和亚太细分市场的费用增加而增长,市场数据收入估计为7950万美元,接入和容量费用估计为1.001亿美元 [8] - 指数期权和多重上市期权日均交易量的增长推动净交易和清算费增加,预计利好期权业务表现 [9] - 欧洲股票匹配日均名义交易量、全球外汇日均名义交易量及欧洲清算净结算量的增长预计使净交易和清算费受益,但北美股票部门费用的减少可能部分抵消增长 [11] - 强劲的专有产品,如VIX期货、VIX和SPX期权,以及多重上市期权交易的稳健增长预计为公司带来益处 [12] - 持续的股份回购预计在即将报告的季度对利润产生积极影响 [12] 其他可能超预期的金融股 - Primerica Inc (PRI) 盈利ESP为+2.27%,Zacks排名第二,第三季度每股收益共识预期5.51美元,预示同比下降2.9%,但过去四个季度盈利均超预期 [13] - The Allstate Corporation (ALL) 盈利ESP为+79.39%,Zacks排名第三,第三季度每股收益共识预期6.73美元,预示同比大幅增长72.1%,过去四个季度盈利均超预期 [14] - CNA Financial Corporation (CNA) 盈利ESP为+6.02%,Zacks排名第二,第三季度每股收益共识预期1.25美元,预示同比增长15.7%,过去四个季度中有三个季度盈利超预期 [15]
CBOE (CBOE) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-10-25 01:01
CBOE Global (CBOE) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earnings ...