Cboe Global Markets, Inc.
CBOE · Security & Commodity Brokers, Dealers, Exchanges & Services · 104.7M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $43M (gross $84M, SBC $41M)
Reference price $358.09 · est. market cap ~$37.5B — last insider sale, 2026-05-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A84Cboe Global Markets — dominant options/volatility exchange with elite returns.
Strengths
- ROE 21.4% and ROA both 100th pct; strong cash (89th)
- Wide-moat options/VIX franchise and recurring data revenue
Risks
- Trading-volume cyclicality
- Competitive and regulatory exposure
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
21.4%
Return on assets
11.8%
ROIC
17.6%
Revenue growth (QoQ)
1.5%
Net-income growth
43.8%
Debt / equity
0.3×
Net debt / EBITDA
-0.5×
Current ratio
1.9×
Free cash flow
$1.7B
EBITDA
$1.6B
Tangible book value
$691M
Cash & investments
$2.3B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-18 | Froetscher Janet P | Sell | 1.2K | $358.09 |
| 2026-05-14 | Tomczyk Fredric J | Grant | 530 | — |
| 2026-05-14 | Fong Ivan K | Grant | 530 | — |
| 2026-05-14 | Farrow William M III | Grant | 530 | — |
| 2026-05-14 | Parisi James E. | Grant | 530 | — |
| 2026-05-14 | PALMORE RODERICK A | Grant | 530 | — |
| 2026-05-14 | Fitzpatrick Edward J. | Grant | 530 | — |
| 2026-05-14 | Froetscher Janet P | Grant | 530 | — |
| 2026-05-14 | Mao Cecilia | Grant | 530 | — |
| 2026-05-14 | McPeek Jennifer J | Grant | 530 | — |
| 2026-05-14 | Goodman Jill R | Grant | 530 | — |
| 2026-05-14 | Mansfield Erin | Grant | 530 | — |
| 2026-02-23 | Wilkinson Allen | Sell | 248 | $292.79 |
| 2026-02-19 | Wilkinson Allen | Option exercise | 242 | $286.17 |
| 2026-02-19 | Wilkinson Allen | Tax withheld | 121 | $286.17 |
| 2026-02-19 | Wilkinson Allen | Option exercise | 268 | $286.17 |
| 2026-02-19 | Wilkinson Allen | Tax withheld | 133 | $286.17 |
| 2026-02-19 | Wilkinson Allen | Option exercise | 277 | $286.17 |
| 2026-02-19 | Wilkinson Allen | Tax withheld | 123 | $286.17 |
| 2026-02-19 | Foley Stephanie | Option exercise | 447 | $286.17 |
| 2026-02-19 | Foley Stephanie | Tax withheld | 177 | $286.17 |
| 2026-02-19 | Foley Stephanie | Option exercise | 594 | $286.17 |
| 2026-02-19 | Foley Stephanie | Tax withheld | 222 | $286.17 |
| 2026-02-19 | Foley Stephanie | Option exercise | 611 | $286.17 |
| 2026-02-19 | Foley Stephanie | Tax withheld | 228 | $286.17 |
| 2026-02-19 | Foley Stephanie | Option exercise | 43 | $286.17 |
| 2026-02-19 | Foley Stephanie | Tax withheld | 17 | $286.17 |
| 2026-02-19 | Griebenow Jill | Option exercise | 432 | $286.17 |
| 2026-02-19 | Griebenow Jill | Tax withheld | 192 | $286.17 |
| 2026-02-19 | Griebenow Jill | Option exercise | 653 | $286.17 |
| 2026-02-19 | Griebenow Jill | Tax withheld | 290 | $286.17 |
| 2026-02-19 | Griebenow Jill | Option exercise | 1.7K | $286.17 |
| 2026-02-19 | Griebenow Jill | Tax withheld | 732 | $286.17 |
| 2026-02-19 | Griebenow Jill | Option exercise | 1.9K | $286.17 |
| 2026-02-19 | Griebenow Jill | Tax withheld | 826 | $286.17 |
| 2026-02-19 | Sexton John P | Option exercise | 84 | $286.17 |
| 2026-02-19 | Sexton John P | Tax withheld | 38 | $286.17 |
| 2026-02-19 | Sexton John P | Option exercise | 976 | $286.17 |
| 2026-02-19 | Sexton John P | Tax withheld | 433 | $286.17 |
| 2026-02-19 | Sexton John P | Option exercise | 902 | $286.17 |
| 2026-02-19 | Sexton John P | Option exercise | 880 | $286.17 |
| 2026-02-19 | Sexton John P | Tax withheld | 390 | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Option exercise | 2.5K | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Tax withheld | 1.1K | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Option exercise | 1.7K | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Tax withheld | 743 | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Option exercise | 1.5K | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Tax withheld | 660 | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Option exercise | 313 | $286.17 |
| 2026-02-19 | Isaacson Christopher A | Tax withheld | 139 | $286.17 |
| 2026-02-19 | Tomczyk Fredric J | Option exercise | 11K | $286.17 |
| 2026-02-19 | Tomczyk Fredric J | Tax withheld | 6.4K | $286.17 |
| 2026-02-19 | DONOHUE CRAIG S | Option exercise | 4.7K | $286.17 |
| 2026-02-19 | DONOHUE CRAIG S | Tax withheld | 2.1K | $286.17 |
| 2026-02-19 | Sexton John P | Tax withheld | 400 | $286.17 |
| 2026-02-19 | Hocking Robert A | Option exercise | 355 | $286.17 |
| 2026-02-19 | Hocking Robert A | Tax withheld | 123 | $286.17 |
| 2026-02-19 | Bhatia Prashant | Option exercise | 224 | $286.17 |
| 2026-02-19 | Bhatia Prashant | Tax withheld | 129 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Option exercise | 416 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Tax withheld | 207 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Option exercise | 125 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Tax withheld | 57 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Option exercise | 796 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Tax withheld | 354 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Option exercise | 545 | $286.17 |
| 2026-02-19 | Lipscomb Timothy | Tax withheld | 242 | $286.17 |
| 2026-02-18 | Matturri Alexander JR | Sell | 1.5K | $285.36 |
| 2026-02-18 | Fitzpatrick Edward J. | Sell | 3.9K | $285.87 |
| 2026-02-12 | Griebenow Jill | Grant | 1.3K | — |
| 2026-02-12 | Foley Stephanie | Grant | 128 | — |
| 2026-02-12 | Foley Stephanie | Tax withheld | 55 | $270.60 |
| 2026-02-12 | Foley Stephanie | Grant | 128 | — |
| 2026-02-12 | Foley Stephanie | Tax withheld | 55 | $270.60 |
| 2026-02-12 | Foley Stephanie | Grant | 4 | — |
| 2026-02-12 | Foley Stephanie | Tax withheld | 2 | $270.60 |
| 2026-02-12 | Foley Stephanie | Grant | 4 | — |
| 2026-02-12 | Foley Stephanie | Tax withheld | 2 | $270.60 |
| 2026-02-12 | Griebenow Jill | Grant | 1.3K | — |
| 2026-02-12 | Griebenow Jill | Tax withheld | 597 | $270.60 |
| 2026-02-12 | Griebenow Jill | Grant | 2.0K | — |
| 2026-02-12 | Griebenow Jill | Tax withheld | 869 | $270.60 |
| 2026-02-12 | Griebenow Jill | Tax withheld | 574 | $270.60 |
| 2026-02-12 | Griebenow Jill | Grant | 2.0K | — |
| 2026-02-12 | Griebenow Jill | Tax withheld | 869 | $270.60 |
| 2026-02-12 | Griebenow Jill | Grant | 113 | — |
| 2026-02-12 | Griebenow Jill | Tax withheld | 51 | $270.60 |
| 2026-02-12 | Griebenow Jill | Grant | 113 | — |
| 2026-02-12 | Griebenow Jill | Tax withheld | 51 | $270.60 |
| 2026-02-12 | Sexton John P | Grant | 1.8K | — |
| 2026-02-12 | Sexton John P | Tax withheld | 539 | $270.60 |
| 2026-02-12 | Sexton John P | Grant | 1.8K | — |
| 2026-02-12 | Sexton John P | Tax withheld | 514 | $270.60 |
| 2026-02-12 | Sexton John P | Grant | 2.9K | — |
| 2026-02-12 | Sexton John P | Tax withheld | 1.3K | $270.60 |
| 2026-02-12 | Sexton John P | Grant | 2.9K | — |
| 2026-02-12 | Sexton John P | Tax withheld | 1.3K | $270.60 |
| 2026-02-12 | Sexton John P | Grant | 185 | — |
| 2026-02-12 | Sexton John P | Tax withheld | 82 | $270.60 |
| 2026-02-12 | Sexton John P | Grant | 185 | — |
| 2026-02-12 | Sexton John P | Tax withheld | 82 | $270.60 |
| 2026-02-12 | Isaacson Christopher A | Grant | 7.5K | — |
| 2026-02-12 | Isaacson Christopher A | Tax withheld | 2.8K | $270.60 |
| 2026-02-12 | Isaacson Christopher A | Grant | 7.5K | — |
| 2026-02-12 | Isaacson Christopher A | Tax withheld | 3.3K | $270.60 |
| 2026-02-12 | Isaacson Christopher A | Grant | 294 | — |
| 2026-02-12 | Isaacson Christopher A | Tax withheld | 131 | $270.60 |
| 2026-02-12 | Isaacson Christopher A | Grant | 294 | — |
| 2026-02-12 | Isaacson Christopher A | Tax withheld | 131 | $270.60 |
| 2025-10-12 | Tomczyk Fredric J | Tax withheld | 6.6K | $244.71 |
| 2025-10-12 | Tomczyk Fredric J | Option exercise | 15K | $244.71 |
| 2025-09-02 | Isaacson Christopher A | Sell | 5.0K | $236.66 |
| 2025-08-19 | Foley Stephanie | Tax withheld | 618 | $246.13 |
| 2025-08-19 | Foley Stephanie | Tax withheld | 134 | $246.13 |
| 2025-08-19 | Foley Stephanie | Option exercise | 1.6K | $246.13 |
| 2025-08-19 | Foley Stephanie | Option exercise | 357 | $246.13 |
| 2025-07-01 | Tomczyk Fredric J | Grant | 623 | — |
| 2025-06-09 | Isaacson Christopher A | Sell | 5.0K | $221.37 |
| 2025-05-23 | Clay Catherine R | Sell | 3.6K | $226.58 |
| 2025-05-19 | Lipscomb Timothy | Option exercise | 935 | $224.41 |
| 2025-05-19 | Lipscomb Timothy | Tax withheld | 422 | $224.41 |
| 2025-05-19 | Lipscomb Timothy | Tax withheld | 155 | $224.41 |
| 2025-05-19 | Lipscomb Timothy | Option exercise | 343 | $224.41 |
| 2025-05-06 | Parisi James E. | Grant | 729 | — |
| 2025-05-06 | Fong Ivan K | Grant | 729 | — |
| 2025-05-06 | Froetscher Janet P | Grant | 729 | — |
| 2025-05-06 | Goodman Jill R | Grant | 729 | — |
| 2025-05-06 | Mao Cecilia | Grant | 729 | — |
| 2025-05-06 | Mansfield Erin | Grant | 729 | — |
| 2025-05-06 | Matturri Alexander JR | Grant | 729 | — |
| 2025-05-06 | McPeek Jennifer J | Grant | 729 | — |
| 2025-05-06 | PALMORE RODERICK A | Grant | 729 | — |
| 2025-05-06 | Farrow William M III | Grant | 729 | — |
| 2025-05-06 | Fitzpatrick Edward J. | Grant | 729 | — |
| 2025-03-13 | Goodman Jill R | Sell | 1.4K | $211.33 |
| 2025-03-12 | Goodman Jill R | Sell | 1.3K | $206.24 |
| 2025-02-24 | Wilkinson Allen | Sell | 228 | $211.12 |
| 2025-02-20 | Howson Dave | Sell | 375 | $207.05 |
| 2025-02-20 | Howson Dave | Sell | 3.6K | $208.45 |
| 2025-02-20 | Inzirillo Adam | Sell | 200 | $209.67 |
| 2025-02-20 | Howson Dave | Sell | 1.7K | $209.43 |
| 2025-02-19 | Griebenow Jill | Tax withheld | 191 | $210.25 |
| 2025-02-19 | Griebenow Jill | Option exercise | 653 | $210.25 |
| 2025-02-19 | Griebenow Jill | Tax withheld | 290 | $210.25 |
| 2025-02-19 | Griebenow Jill | Option exercise | 1.7K | $210.25 |
| 2025-02-19 | Clay Catherine R | Option exercise | 757 | $210.25 |
| 2025-02-19 | Clay Catherine R | Tax withheld | 326 | $210.25 |
| 2025-02-19 | Clay Catherine R | Option exercise | 862 | $210.25 |
| 2025-02-19 | Clay Catherine R | Tax withheld | 382 | $210.25 |
| 2025-02-19 | Clay Catherine R | Option exercise | 83 | $210.25 |
| 2025-02-19 | Clay Catherine R | Tax withheld | 37 | $210.25 |
| 2025-02-19 | Clay Catherine R | Option exercise | 893 | $210.25 |
| 2025-02-19 | Clay Catherine R | Tax withheld | 396 | $210.25 |
| 2025-02-19 | Wilkinson Allen | Option exercise | 234 | $210.25 |
| 2025-02-19 | Wilkinson Allen | Tax withheld | 112 | $210.25 |
| 2025-02-19 | Wilkinson Allen | Option exercise | 242 | $210.25 |
| 2025-02-19 | Wilkinson Allen | Tax withheld | 116 | $210.25 |
| 2025-02-19 | Wilkinson Allen | Option exercise | 268 | $210.25 |
| 2025-02-19 | Wilkinson Allen | Tax withheld | 123 | $210.25 |
| 2025-02-19 | Sexton John P | Option exercise | 1.0K | $210.25 |
| 2025-02-19 | Sexton John P | Tax withheld | 449 | $210.25 |
| 2025-02-19 | Sexton John P | Option exercise | 975 | $210.25 |
| 2025-02-19 | Sexton John P | Tax withheld | 432 | $210.25 |
| 2025-02-19 | Sexton John P | Option exercise | 902 | $210.25 |
| 2025-02-19 | Sexton John P | Tax withheld | 400 | $210.25 |
| 2025-02-19 | Griebenow Jill | Tax withheld | 732 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Option exercise | 757 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Tax withheld | 385 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Option exercise | 796 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Tax withheld | 394 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Option exercise | 41 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Tax withheld | 21 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Option exercise | 402 | $210.25 |
| 2025-02-19 | Inzirillo Adam | Tax withheld | 221 | $210.25 |
| 2025-02-19 | Howson Dave | Option exercise | 2.8K | $210.25 |
| 2025-02-19 | Howson Dave | Tax withheld | 1.3K | $210.25 |
| 2025-02-19 | Howson Dave | Option exercise | 760 | $210.25 |
| 2025-02-19 | Howson Dave | Tax withheld | 343 | $210.25 |
| 2025-02-19 | Howson Dave | Option exercise | 3.7K | $210.25 |
| 2025-02-19 | Howson Dave | Tax withheld | 1.6K | $210.25 |
| 2025-02-19 | Howson Dave | Option exercise | 3.1K | $210.25 |
| 2025-02-19 | Howson Dave | Tax withheld | 1.4K | $210.25 |
| 2025-02-19 | Foley Stephanie | Option exercise | 43 | $210.25 |
| 2025-02-19 | Foley Stephanie | Tax withheld | 17 | $210.25 |
| 2025-02-19 | Foley Stephanie | Option exercise | 610 | $210.25 |
| 2025-02-19 | Foley Stephanie | Tax withheld | 235 | $210.25 |
| 2025-02-19 | Foley Stephanie | Option exercise | 446 | $210.25 |
| 2025-02-19 | Foley Stephanie | Tax withheld | 190 | $210.25 |
| 2025-02-19 | Isaacson Christopher A | Option exercise | 2.6K | $210.25 |
| 2025-02-19 | Isaacson Christopher A | Tax withheld | 1.1K | $210.25 |
| 2025-02-19 | Isaacson Christopher A | Option exercise | 2.5K | $210.25 |
| 2025-02-19 | Isaacson Christopher A | Tax withheld | 1.1K | $210.25 |
| 2025-02-19 | Isaacson Christopher A | Option exercise | 1.7K | $210.25 |
| 2025-02-19 | Isaacson Christopher A | Tax withheld | 743 | $210.25 |
| 2025-02-19 | Griebenow Jill | Option exercise | 826 | $210.25 |
| 2025-02-19 | Griebenow Jill | Tax withheld | 394 | $210.25 |
| 2025-02-19 | Griebenow Jill | Option exercise | 431 | $210.25 |
| 2025-02-12 | Howson Dave | Sell | 11K | $206.01 |
| 2025-02-12 | Isaacson Christopher A | Gift | 7.1K | — |
| 2025-02-10 | Howson Dave | Grant | 15K | — |
| 2025-02-10 | Howson Dave | Tax withheld | 6.2K | $209.71 |
| 2025-02-10 | Howson Dave | Grant | 4.1K | — |
| 2025-02-10 | Howson Dave | Tax withheld | 1.9K | $209.71 |
| 2025-02-10 | Howson Dave | Grant | 833 | — |
| 2025-02-10 | Howson Dave | Tax withheld | 381 | $209.71 |
| 2025-02-10 | Sexton John P | Grant | 5.7K | — |
| 2025-02-10 | Sexton John P | Tax withheld | 1.9K | $209.71 |
| 2025-02-10 | Clay Catherine R | Sell | 3.0K | $211.85 |
| 2025-02-10 | Clay Catherine R | Grant | 4.3K | — |
| 2025-02-10 | Clay Catherine R | Tax withheld | 1.3K | $209.71 |
| 2025-02-10 | Isaacson Christopher A | Grant | 14K | — |
| 2025-02-10 | Isaacson Christopher A | Tax withheld | 5.5K | $209.71 |
| 2025-02-10 | Isaacson Christopher A | Grant | 3.7K | — |
| 2025-02-10 | Isaacson Christopher A | Tax withheld | 1.7K | $209.71 |
| 2025-02-10 | Isaacson Christopher A | Grant | 794 | — |
| 2025-02-10 | Isaacson Christopher A | Tax withheld | 353 | $209.71 |
| 2025-02-10 | Inzirillo Adam | Sell | 80 | $211.66 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Material agreementDebt obligationExhibits | filing ↗ |
| 2026-05-18 | Shareholder vote | filing ↗ |
| 2026-05-01 | Results2.05Exhibits | filing ↗ |
| 2026-02-06 | ResultsExhibits | filing ↗ |
| 2026-01-26 | Exec/director changeOtherExhibits | filing ↗ |
| 2025-10-31 | ResultsExhibits | filing ↗ |
| 2025-08-01 | ResultsExhibits | filing ↗ |
| 2025-07-17 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-23 | 0001104659-26-078295 ↗ |
| 8-K | 2026-05-18 | 2026-05-14 | 0001104659-26-063250 ↗ |
| 10-Q | 2026-05-01 | 2026-03-31 | 0001628280-26-029112 ↗ |
| 8-K | 2026-05-01 | 2026-05-01 | 0001628280-26-029103 ↗ |
| 10-K | 2026-02-20 | 2025-12-31 | 0001628280-26-010013 ↗ |
| 8-K | 2026-02-06 | 2026-02-06 | 0001628280-26-005944 ↗ |
| 8-K | 2026-01-26 | 2026-01-26 | 0001104659-26-006416 ↗ |
| 10-Q | 2025-10-31 | 2025-09-30 | 0001628280-25-047680 ↗ |
| 8-K | 2025-10-31 | 2025-10-31 | 0001628280-25-047668 ↗ |
| 8-K | 2025-08-01 | 2025-08-01 | 0001628280-25-037143 ↗ |
| 10-Q | 2025-08-01 | 2025-06-30 | 0001628280-25-037149 ↗ |
| 8-K | 2025-07-17 | 2025-07-14 | 0001104659-25-068685 ↗ |