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AI English summary of an SEC filing — figures as filed

Cboe Global Markets logoCboe Global Markets CBOE

The company said net revenue for Q4 2023 (total revenues less cost of revenues) was $499.0 million, up 9% from $457.1 million a year earlier, and diluted EPS rose 33% to $1.98.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said net revenue for Q4 2023 (total revenues less cost of revenues) was $499.0 million, up 9% from $457.1 million a year earlier, and diluted EPS rose 33% to $1.98.

  2. The company said Options net revenue for Q4 2023 was $314.5 million, up $41.3 million or 15% from a year earlier, and index options trading volume rose 24%. North American Equities net revenue fell 10% to $86.3 million.

  3. Cboe Global Markets said it expects organic total net revenue growth for 2024 to be in the range of 5 to 7 percentage points, and organic net revenue growth for Data and Access Solutions to be approximately 7 to 10 percentage points. It set adjusted operating expenses guidance in a range of $798 to $808 million.

  4. The company said total debt as of December 31, 2023 was $1,439.2 million, down $74.4 million from September 30, 2023. It paid cash dividends of $58.5 million ($0.55 per share) on Q4 2023 and used $5.8 million for share repurchases.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Cboe Net Revenue $499.0 million, Diluted EPS $1.98 in Q4

The company said net revenue for Q4 2023 (total revenues less cost of revenues) was $499.0 million, up 9% from $457.1 million a year earlier, and diluted EPS rose 33% to $1.98.

Source · Based on the filing body and exhibits

Options Net Revenue $314.5 million, Up 15%

The company said Options net revenue for Q4 2023 was $314.5 million, up $41.3 million or 15% from a year earlier, and index options trading volume rose 24%. North American Equities net revenue fell 10% to $86.3 million.

Source · Based on the filing body and exhibits

2024 Net Revenue Growth and Adjusted Operating Expense Outlook

Cboe Global Markets said it expects organic total net revenue growth for 2024 to be in the range of 5 to 7 percentage points, and organic net revenue growth for Data and Access Solutions to be approximately 7 to 10 percentage points. It set adjusted operating expenses guidance in a range of $798 to $808 million.

Source · Based on the filing body and exhibits

Total Debt, Dividends and Share Repurchases

The company said total debt as of December 31, 2023 was $1,439.2 million, down $74.4 million from September 30, 2023. It paid cash dividends of $58.5 million ($0.55 per share) on Q4 2023 and used $5.8 million for share repurchases.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.