Cboe Global Markets said total revenues less cost of revenues (net revenue) for Q1 2025 were $565.2 million, up 13% from $502.1 million a year earlier. The company said diluted EPS was $2.37 and adjusted diluted EPS was $2.50.

1. 01

   Cboe Global Markets said total revenues less cost of revenues (net revenue) for Q1 2025 were $565.2 million, up 13% from $502.1 million a year earlier. The company said diluted EPS was $2.37 and adjusted diluted EPS was $2.50.

2. 02

   The company said Options net revenue was $352.4 million, up $45.0 million (15%) from Q1 2024. It explained that a 23% increase in total options average daily volume (ADV) was the main driver of higher net transaction and clearing fees.

3. 03

   Cboe said total operating expenses for Q1 2025 were $211.3 million, down $8.4 million from $219.7 million a year earlier. Adjusted operating expenses were $192.4 million (compared with $192.9 million a year earlier).

4. 04

   The company raised its 2025 organic total net revenue growth outlook to mid to high single digits from mid single digits, and kept its full-year adjusted operating expenses guidance at $837 to $852 million. As of March 31, 2025, cash and cash equivalents were $1,047.2 million and total debt was $1,441.5 million.

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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

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