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Cboe Global Markets logoCboe Global Markets CBOE

Cboe Global Markets said revenues less cost of revenues for its Options segment for the year ended December 31, 2024 increased $90.1 million compared to the prior year, and operating income increased $27.1 million. The company cited a 8% increase in index options ADV and a 6% increase in multi-listed options RPC as factors.

10-KAnnual reportFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Cboe Global Markets said revenues less cost of revenues for its Options segment for the year ended December 31, 2024 increased $90.1 million compared to the prior year, and operating income increased $27.1 million. The company cited a 8% increase in index options ADV and a 6% increase in multi-listed options RPC as factors.

  2. Cboe Global Markets said operating loss for its Digital segment in 2024 increased $65.7 million compared to the prior year, and operating expenses increased $69.0 million. The company cited impairment of intangible assets as a factor for the increase in operating expenses and said it halted trading on the Cboe Digital spot market on May 31, 2024.

  3. Cboe Global Markets said net cash provided by operating activities for 2024 was $1,100.6 million, higher than in 2023 when it was $1,075.6 million. The company said cash and cash equivalents increased $377.1 million as of December 31, 2023.

  4. Cboe Global Markets said the primary components of net cash used in financing activities for 2024 were cash dividends on common stock of $249.4 million and share repurchases of $204.8 million. As of December 31, 2024, the company said the remaining authorization under its previously announced share repurchase program was $679.8 million.

Key figures

Fiscal year ended December 31, 2024

Revenue
$4.1B
Operating income
$1.1B
EPS
$7.21
Gross profit
$2.1B
Operating cash flow
$1.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Options segment revenues less cost of revenues increase

Cboe Global Markets said revenues less cost of revenues for its Options segment for the year ended December 31, 2024 increased $90.1 million compared to the prior year, and operating income increased $27.1 million. The company cited a 8% increase in index options ADV and a 6% increase in multi-listed options RPC as factors.

Source · Based on the MD&A text of the filing

Digital segment operating loss widens

Cboe Global Markets said operating loss for its Digital segment in 2024 increased $65.7 million compared to the prior year, and operating expenses increased $69.0 million. The company cited impairment of intangible assets as a factor for the increase in operating expenses and said it halted trading on the Cboe Digital spot market on May 31, 2024.

Source · Based on the MD&A text of the filing

Operating cash flow and cash and cash equivalents increase

Cboe Global Markets said net cash provided by operating activities for 2024 was $1,100.6 million, higher than in 2023 when it was $1,075.6 million. The company said cash and cash equivalents increased $377.1 million as of December 31, 2023.

Source · Based on the MD&A text of the filing

Dividend payments and share repurchases

Cboe Global Markets said the primary components of net cash used in financing activities for 2024 were cash dividends on common stock of $249.4 million and share repurchases of $204.8 million. As of December 31, 2024, the company said the remaining authorization under its previously announced share repurchase program was $679.8 million.

Source · Based on the MD&A text of the filing

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.