← Filings of CBOE
Tables in the 10-Q of Cboe Global Markets, Inc.
82 tables with numbers, filed Oct 30, 2026. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| PART I. FINANCIAL INFORMATION | 7 | |
| Item 1. | Financial Statements (unaudited) | 7 |
| Condensed Consolidated Balance Sheets—As of September 30, 2026 and December 31, 2025 | 7 |
| Condensed Consolidated Statements of Income—Three and Nine Months Ended September 30, 2026 and 2025 | 8 |
| Condensed Consolidated Statements of Comprehensive Income—Three and Nine Months Ended September 30, 2026 and 2025 | 9 |
| Condensed Consolidated Statements of Changes in Stockholders’ Equity—Three and Nine Months Ended September 30, 2026 and 2025 | 10 |
| Condensed Consolidated Statements of Cash Flows—Nine Months Ended September 30, 2026 and 2025 | 12 |
| Notes to Condensed Consolidated Financial Statements | 13 |
First 8 of 20 rows. The CSV has all of them.
| September 30, 2026 | December 31, 2025 | |
| Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $2,662.6 | | $2,216.5 |
| Financial investments | 41.2 | | 36.1 |
| Accounts receivable, net of $5.5 allowance for credit losses at September 30, 2026 and $6.8 at December 31, 2025 | 500.1 | | 391.4 |
| Margin deposits, default fund, and interoperability fund | 2,992.6 | | 1,618.2 |
| Income taxes receivable | 97.5 | | 67.9 |
First 8 of 44 rows. The CSV has all of them.
Table 3 after “(in millions, except per share data)”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Revenues: | | | | | | |
| Cash and spot markets | $511.3 | | $415.0 | | $1,573.8 | $1,403.5 |
| Data Vantage | 182.6 | | 162.1 | | 545.5 | 472.9 |
| Derivatives markets | 664.9 | | 564.6 | | 1,955.1 | 1,633.8 |
| Total revenues | 1,358.8 | | 1,141.7 | | 4,074.4 | 3,510.2 |
| Cost of revenues: | | | | | | |
First 8 of 41 rows. The CSV has all of them.
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Net income | $428.2 | | $300.8 | | $1,167.0 | $786.5 |
| Other comprehensive income (loss): | | | | | | |
| Foreign currency translation adjustments | 0.1 | | (17.9) | | (25.3) | 72.9 |
| Post-retirement benefit obligations, net of income tax | — | | 0.1 | | — | 0.1 |
| Comprehensive income | 428.3 | | 283.0 | | 1,141.7 | 859.5 |
| Net income allocated to participating securities | (1.5) | | (1.5) | | (4.4) | (3.9) |
First 8 of 9 rows. The CSV has all of them.
Table 5 after “(in millions, except per share amounts)”
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| Preferred stock | Common stock | | Treasury stock | Additional paid-in capital | Retained earnings | | Accumulated other comprehensive income, net | Total stockholders’ equity | | |
| Balance at December 31, 2025 | $— | | $1.0 | | $(1.5) | | $1,565.1 | | $3,543.6 | $30.1 | $5,138.3 |
| Cash dividends on common stock of $0.72 per share | — | | — | | — | | — | | (75.8) | — | (75.8) |
| Stock-based compensation | — | | — | | — | | 12.9 | | — | — | 12.9 |
| Repurchases of common stock from employee stock plans | — | | — | | (28.5) | | — | | — | — | (28.5) |
| Purchase of common stock | — | | — | | (45.1) | | — | | — | — | (45.1) |
| Shares issued under employee stock purchase plan | — | | — | | — | | 5.0 | | — | — | 5.0 |
| Net income | — | | — | | — | | — | | 385.7 | — | 385.7 |
First 8 of 25 rows. The CSV has all of them.
Table 6 after “(in millions, except per share amounts)”
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| Preferred stock | Common stock | | Treasury stock | Additional paid-in capital | Retained earnings | | Accumulated othercomprehensive(loss) income, net | Total stockholders’ equity | | |
| Balance at December 31, 2024 | $— | | $1.0 | | $(1.4) | | $1,512.5 | | $2,815.9 | $(48.4) | $4,279.6 |
| Cash dividends on common stock of $0.63 per share | — | | — | | — | | — | | (66.4) | — | (66.4) |
| Stock-based compensation | — | | — | | — | | 12.4 | | — | — | 12.4 |
| Repurchases of common stock from employee stock plans | — | | — | | (22.9) | | — | | — | — | (22.9) |
| Purchase of common stock | — | | — | | (30.0) | | — | | — | — | (30.0) |
| Shares issued under employee stock purchase plan | — | | — | | — | | 5.2 | | — | — | 5.2 |
| Net income | — | | — | | — | | — | | 250.6 | — | 250.6 |
First 8 of 24 rows. The CSV has all of them.
| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Cash flows from operating activities: | | | |
| Net income | $1,167.0 | | $786.5 |
| Adjustments to reconcile net income to net cash from operating activities: | | | |
| Depreciation and amortization | 85.3 | | 91.1 |
| Provision (benefit) for deferred income taxes | 65.6 | | (30.5) |
| Stock-based compensation expense | 43.5 | | 38.7 |
First 8 of 61 rows. The CSV has all of them.
Table 8 after “The following table depicts the disaggregated revenue contract types listed above within each respective financial statement caption in the ”
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| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | |
| Three Months Ended September 30, 2026 | | | | | | |
| Transaction and clearing fees | $356.1 | | $— | | $607.4 | $963.5 |
| Access and capacity fees | — | | 120.4 | | — | 120.4 |
| Market data fees | 15.5 | | 61.4 | | 10.8 | 87.7 |
| Regulatory fees | 109.7 | | — | | 45.8 | 155.5 |
| Other revenue | 30.0 | | 0.8 | | 0.9 | 31.7 |
| $511.3 | | $182.6 | | $664.9 | $1,358.8 |
Table 9 after “The following table depicts the disaggregated revenue contract types listed above within each respective financial statement caption in the ”
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| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | |
| Three Months Ended September 30, 2025 | | | | | | |
| Transaction and clearing fees | $377.0 | | $— | | $542.9 | $919.9 |
| Access and capacity fees | — | | 103.9 | | — | 103.9 |
| Market data fees | 16.8 | | 57.5 | | 9.4 | 83.7 |
| Regulatory fees | 1.0 | | — | | 10.8 | 11.8 |
| Other revenue | 20.2 | | 0.7 | | 1.5 | 22.4 |
| $415.0 | | $162.1 | | $564.6 | $1,141.7 |
Table 10 after “The following table depicts the disaggregated revenue contract types listed above within each respective financial statement caption in the ”
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| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | |
| Nine Months Ended September 30, 2026 | | | | | | |
| Transaction and clearing fees | $1,202.5 | | $— | | $1,823.2 | $3,025.7 |
| Access and capacity fees | — | | 349.2 | | — | 349.2 |
| Market data fees | 47.5 | | 193.6 | | 30.2 | 271.3 |
| Regulatory fees | 232.0 | | — | | 98.5 | 330.5 |
| Other revenue | 91.8 | | 2.7 | | 3.2 | 97.7 |
| $1,573.8 | | $545.5 | | $1,955.1 | $4,074.4 |
Table 11 after “The following table depicts the disaggregated revenue contract types listed above within each respective financial statement caption in the ”
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| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | |
| Nine Months Ended September 30, 2025 | | | | | | |
| Transaction and clearing fees | $1,093.1 | | $— | | $1,527.1 | $2,620.2 |
| Access and capacity fees | — | | 302.9 | | — | 302.9 |
| Market data fees | 49.5 | | 167.9 | | 26.5 | 243.9 |
| Regulatory fees | 193.0 | | — | | 77.4 | 270.4 |
| Other revenue | 67.9 | | 2.1 | | 2.8 | 72.8 |
| $1,403.5 | | $472.9 | | $1,633.8 | $3,510.2 |
Table 12 after “The following table depicts the disaggregation of revenue according to segment (in millions):”
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| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Total | |
| Three Months Ended September 30, 2026 | | | | | | | | | |
| Transaction and clearing fees | $585.1 | | $275.0 | | $56.5 | | $22.3 | $24.6 | $963.5 |
| Access and capacity fees | 58.7 | | 41.5 | | 11.1 | | 5.9 | 3.2 | 120.4 |
| Market data fees | 42.3 | | 33.1 | | 9.2 | | 2.6 | 0.5 | 87.7 |
| Regulatory fees | 45.8 | | 109.7 | | — | | — | — | 155.5 |
| Other revenue | 1.5 | | 2.9 | | 26.6 | | 0.1 | 0.6 | 31.7 |
| $733.4 | | $462.2 | | $103.4 | | $30.9 | $28.9 | $1,358.8 |
First 8 of 23 rows. The CSV has all of them.
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Total | |
| Nine Months Ended September 30, 2026 | | | | | | | | | |
| Transaction and clearing fees | $1,745.7 | | $938.3 | | $189.2 | | $77.3 | $75.2 | $3,025.7 |
| Access and capacity fees | 166.2 | | 120.5 | | 35.4 | | 17.5 | 9.6 | 349.2 |
| Market data fees | 129.1 | | 99.6 | | 32.9 | | 8.3 | 1.4 | 271.3 |
| Regulatory fees | 98.5 | | 232.0 | | — | | — | — | 330.5 |
| Other revenue | 5.4 | | 7.5 | | 83.1 | | 0.1 | 1.6 | 97.7 |
| $2,144.9 | | $1,397.9 | | $340.6 | | $103.2 | $87.8 | $4,074.4 |
First 8 of 23 rows. The CSV has all of them.
Table 14 after “The revenue recognized from contract liabilities and the remaining balance are shown below (in millions):”
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| Balance at December 31, 2025 | Cash Additions | | Revenue Recognized | Reclassified to liabilities held for sale (3) | Balance at September 30, 2026 | | |
| Liquidity provider sliding scale (1) | $2.4 | | $5.6 | | $(5.6) | | $— | $2.4 |
| Other, net (2) | 4.5 | | 20.8 | | (14.8) | | (0.4) | 10.1 |
| Total deferred revenue | $6.9 | | $26.4 | | $(20.4) | | $(0.4) | $12.5 |
Table 15 after “The following table summarizes the components of assets and liabilities held for sale related to the definitive agreement to sell its Cboe C”
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| September 30, 2026 |
| Assets held for sale: | |
| Cash and cash equivalents | $57.4 |
| Accounts receivable, net | 4.4 |
| Income taxes receivable | 0.2 |
| Investments | 0.3 |
| Property and equipment, net | 0.5 |
| Goodwill (1) | 60.9 |
First 8 of 20 rows. The CSV has all of them.
Table 16 after “consolidated statements of income by segment for the three and nine months ended September 30, 2026 and 2025 (in millions):”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2026 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Compensation and benefits | $5.9 | | $2.1 | | $2.8 | | $0.5 | | $0.2 | $1.5 | $13.0 |
| Professional fees and outside services | 0.6 | | 0.2 | | 0.2 | | 0.1 | | — | 1.0 | 2.1 |
| Other expenses | 0.2 | | — | | — | | — | | — | — | 0.2 |
| Total strategic realignment costs | $6.7 | | $2.3 | | $3.0 | | $0.6 | | $0.2 | $2.5 | $15.3 |
| Three Months Ended September 30, | | | | | | | | | | |
First 8 of 25 rows. The CSV has all of them.
Table 17 after “As of September 30, 2026 and December 31, 2025, the Company’s investments were comprised of the following (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| Equity method investments: | | | |
| Investment in 7Ridge Investments 3 LP | $— | | $1.5 |
| Total equity method investments | — | | 1.5 |
| Other equity investments: | | | |
| Investment in CSD BR | 10.3 | | 10.3 |
| Investment in Eris Innovations Holdings, LLC | 19.0 | | 9.5 |
| Investment in Talos Global, Inc. | 5.0 | | 5.0 |
First 8 of 13 rows. The CSV has all of them.
Table 18 after “Property and equipment, net consisted of the following as of September 30, 2026 and December 31, 2025 (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| Construction in progress | $8.2 | | $1.6 |
| Furniture, equipment, and leasehold improvements | 369.4 | | 347.9 |
| Total property and equipment | 377.6 | | 349.5 |
| Less accumulated depreciation | (231.9) | | (216.4) |
| Property and equipment, net | $145.7 | | $133.1 |
Table 19 after “The following represents the changes in allowance for credit losses during the nine months ended September 30, 2026 (in millions):”
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| Allowance for notes receivable credit losses | Allowance for accounts receivable credit losses | | Total allowance for credit losses | |
| Balance at December 31, 2025 | $30.1 | | $6.8 | | $36.9 |
| Current period provision (benefit) of expected credit losses | 14.0 | | (0.6) | | 13.4 |
| Write-offs charged against the allowance | — | | (0.1) | | (0.1) |
| Reclassified to assets held for sale | — | | (0.6) | | (0.6) |
| Balance at September 30, 2026 | $44.1 | | $5.5 | | $49.6 |
Table 20 after “Other assets, net consisted of the following as of September 30, 2026 and December 31, 2025 (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| Software development work in progress | $39.2 | | $12.0 |
| Data processing software | 138.5 | | 137.0 |
| Less accumulated depreciation and amortization | (107.9) | | (101.9) |
| Data processing software, net | 69.8 | | 47.1 |
| Long-term notes receivable, net (1) | 76.6 | | 102.1 |
| Other assets (2) | 11.3 | | 10.5 |
| Other assets, net | $157.7 | | $159.7 |
Table 21 after “The following table presents the details of goodwill by segment (in millions):”
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| Options | North American Equities | | Europe and Asia Pacific | Global FX | Total | | |
| Balance as of December 31, 2025 | $306.0 | | $1,998.1 | | $579.0 | | $267.4 | $3,150.5 |
| Reclassified to assets held for sale (1) | — | | (60.9) | | (30.7) | | — | (91.6) |
| Changes in foreign currency exchange rates | — | | (5.5) | | (5.2) | | — | (10.7) |
| Balance as of September 30, 2026 | $306.0 | | $1,931.7 | | $543.1 | | $267.4 | $3,048.2 |
Table 22 after “The following table presents the details of the intangible assets by segment (in millions):”
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| Options | North American Equities | | Europe and Asia Pacific | Global FX | Total | | |
| Balance as of December 31, 2025 | $119.9 | | $824.6 | | $318.1 | | $34.6 | $1,297.2 |
| Sales | — | | (0.1) | | — | | — | (0.1) |
| Amortization | (4.3) | | (25.6) | | (9.2) | | (6.3) | (45.4) |
| Reclassified to assets held for sale (1) | — | | (44.7) | | (30.4) | | — | (75.1) |
| Changes in foreign currency exchange rates | — | | (1.7) | | (4.6) | | — | (6.3) |
| Impairment of assets | (1.4) | | — | | — | | — | (1.4) |
| Remeasurement to fair value | — | | (0.1) | | — | | — | (0.1) |
First 8 of 9 rows. The CSV has all of them.
Table 23 after “The following tables present the categories of intangible assets by segment as of September 30, 2026 and December 31, 2025 (in millions, exc”
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| September 30, 2026 | Weighted Average Amortization Period (in years) | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Global FX | | |
| Trading registrations and licenses | $95.5 | | $572.8 | | $211.6 | $— | Indefinite |
| Customer relationships | 46.6 | | 359.9 | | 170.5 | 140.0 | 11 |
| Market data customer relationships | 53.6 | | 322.0 | | 63.9 | 64.4 | 5 |
| Technology | 27.9 | | 40.3 | | 35.1 | 22.5 | 5 |
| Trademarks and tradenames | 8.7 | | 7.6 | | 2.5 | 1.2 | 4 |
| Digital assets held | — | | 0.4 | | — | — | Indefinite |
First 8 of 10 rows. The CSV has all of them.
Table 24 after “The following tables present the categories of intangible assets by segment as of September 30, 2026 and December 31, 2025 (in millions, exc”
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| December 31, 2025 | Weighted Average Amortization Period (in years) | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Global FX | | |
| Trading registrations and licenses | $95.5 | | $586.9 | | $219.4 | $— | Indefinite |
| Customer relationships | 46.6 | | 412.1 | | 204.7 | 140.0 | 13 |
| Market data customer relationships | 53.6 | | 322.0 | | 65.1 | 64.4 | 6 |
| Technology | 27.9 | | 55.5 | | 35.7 | 22.5 | 6 |
| Trademarks and tradenames | 12.9 | | 8.2 | | 2.5 | 1.2 | 4 |
| Digital assets held | — | | 0.7 | | — | — | Indefinite |
First 8 of 10 rows. The CSV has all of them.
Table 25 after “Accounts payable and accrued liabilities consisted of the following as of September 30, 2026 and December 31, 2025 (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| Compensation and benefit-related liabilities | $82.3 | | $109.7 |
| Royalties | 64.2 | | 59.0 |
| Accrued liabilities | 60.3 | | 56.6 |
| Current operating lease liabilities | 25.8 | | 26.9 |
| Rebates payable | 104.1 | | 85.2 |
| Marketing fee payable | 26.3 | | 16.1 |
| Current unrecognized tax benefits | 3.4 | | 317.3 |
First 8 of 10 rows. The CSV has all of them.
Table 26 after “The Company’s debt consisted of the following as of September 30, 2026 and December 31, 2025 (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| $650 million fixed rate Senior Notes due January 2027, stated rate of 3.650% | $649.8 | | $649.3 |
| $500 million fixed rate Senior Notes due December 2030, stated rate of 1.625% | 496.9 | | 496.3 |
| $300 million fixed rate Senior Notes due March 2032, stated rate of 3.000% | 297.6 | | 297.3 |
| Revolving Credit Agreement | — | | — |
| Cboe Clear Europe Credit Facility | — | | — |
| Total debt | $1,444.3 | | $1,442.9 |
Table 27 after “The future expected repayments related to the Senior Notes as of September 30, 2026 are as follows (in millions):”
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| Remainder of 2026 | $— |
| 2027 | 650.0 |
| 2028 | — |
| 2029 | — |
| 2030 | 500.0 |
| Thereafter | 300.0 |
| Principal amounts repayable | 1,450.0 |
| Debt issuance costs | (3.5) |
First 8 of 10 rows. The CSV has all of them.
Table 28 after “Components of interest (income) expense, net recognized in the condensed consolidated statements of income for the three and nine months end”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Components of interest expense: | | | | | | |
| Contractual interest | $12.5 | | $12.7 | | $37.8 | $37.2 |
| Amortization of debt discount and issuance costs | 0.6 | | 0.6 | | 1.8 | 1.8 |
| Interest expense | $13.1 | | $13.3 | | $39.6 | $39.0 |
| Interest income | (22.7) | | (14.3) | | (58.6) | (34.0) |
| Interest (income) expense, net | $(9.6) | | $(1.0) | | $(19.0) | $5.0 |
Table 29 after “The following represents the changes in accumulated other comprehensive income, net by component (in millions):”
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| Foreign Currency Translation Adjustment | Post-Retirement Benefits, Net | | Accumulated Other Comprehensive Income, Net | |
| Balance at December 31, 2025 | $29.7 | | $0.4 | | $30.1 |
| Other comprehensive loss | (25.3) | | — | | (25.3) |
| Balance at September 30, 2026 | $4.4 | | $0.4 | | $4.8 |
Table 30 after “The details of the margin deposits, default fund, and interoperability fund as of September 30, 2026 and December 31, 2025, are as follows (”
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| September 30, 2026 | | | | | |
| Margin Deposits | Default Fund | | Interoperability Fund | Total | |
| Cboe Clear Europe central bank account | $137.8 | | $22.0 | | $92.0 | $251.8 |
| Cboe Clear Europe reverse repurchase and other (1) | 1,998.4 | | 278.2 | | 460.4 | 2,737.0 |
| Cboe Clear U.S. customer bank deposits | 3.8 | | — | | — | 3.8 |
| Total cash margin deposits, default fund, and interoperability fund | $2,140.0 | | $300.2 | | $552.4 | $2,992.6 |
Table 31 after “The details of the margin deposits, default fund, and interoperability fund as of September 30, 2026 and December 31, 2025, are as follows (”
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| September 30, 2026 | | | | | |
| Margin Deposits | Default Fund | | Interoperability Fund | Total | |
| Cboe Clear Europe non-cash contributions (2) | $693.6 | | $61.7 | | $305.2 | $1,060.5 |
Table 32 after “The details of the margin deposits, default fund, and interoperability fund as of September 30, 2026 and December 31, 2025, are as follows (”
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| December 31, 2025 | | | | | |
| Margin Deposits | Default Fund | | Interoperability Fund | Total | |
| Cboe Clear Europe central bank account | $755.3 | | $146.8 | | $254.4 | $1,156.5 |
| Cboe Clear Europe reverse repurchase and other (1) | 137.1 | | 135.2 | | 188.2 | 460.5 |
| Cboe Clear U.S. customer bank deposits | 1.2 | | — | | — | 1.2 |
| Total cash margin deposits, default fund, and interoperability fund | $893.6 | | $282.0 | | $442.6 | $1,618.2 |
Table 33 after “The details of the margin deposits, default fund, and interoperability fund as of September 30, 2026 and December 31, 2025, are as follows (”
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| December 31, 2025 | | | | | |
| Margin Deposits | Default Fund | | Interoperability Fund | Total | |
| Cboe Clear Europe non-cash contributions (2) | $601.3 | | $70.1 | | $277.6 | $949.0 |
Table 34 after “The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis”
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| September 30, 2026 | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | |
| Assets: | | | | | | |
| U.S. and UK Treasury securities (1) | $1,827.9 | | $1,827.9 | | $— | $— |
| Money market funds (1) | 249.3 | | 249.3 | | — | — |
| U.S. Treasury securities (2) | 0.5 | | 0.5 | | — | — |
| Digital assets held (3) | 0.4 | | — | | 0.4 | — |
| Marketable securities (2): | | | | | | |
First 8 of 11 rows. The CSV has all of them.
Table 35 after “The following tables present the Company’s fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis”
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| December 31, 2025 | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | |
| Assets: | | | | | | |
| U.S. and UK Treasury securities (1) | $1,294.1 | | $1,294.1 | | $— | $— |
| Money market funds (1) | 248.1 | | 248.1 | | — | — |
| U.S. Treasury securities (2) | 0.3 | | 0.3 | | — | — |
| Marketable securities (2): | | | | | | |
| Mutual funds | 28.5 | | 28.5 | | — | — |
First 8 of 10 rows. The CSV has all of them.
Table 36 after “The following tables present the Company’s fair value hierarchy for certain assets and liabilities held by the Company as of September 30, 2”
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| September 30, 2026 | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | |
| Assets: | | | | | | |
| U.S. and UK Treasury securities (1) | $1,827.9 | | $1,827.9 | | $— | $— |
| Money market funds (1) | 249.3 | | 249.3 | | — | — |
| U.S. Treasury securities (2) | 0.5 | | 0.5 | | — | — |
| Deferred compensation plan assets (2) | 40.7 | | 40.7 | | — | — |
| Digital assets held (3) | 0.4 | | — | | 0.4 | — |
First 8 of 13 rows. The CSV has all of them.
Table 37 after “The following tables present the Company’s fair value hierarchy for certain assets and liabilities held by the Company as of September 30, 2”
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| December 31, 2025 | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | |
| Assets: | | | | | | |
| U.S. and UK Treasury securities (1) | $1,294.1 | | $1,294.1 | | $— | $— |
| Money market funds (1) | 248.1 | | 248.1 | | — | — |
| U.S. Treasury securities (2) | 0.3 | | 0.3 | | — | — |
| Deferred compensation plan assets (2) | 35.8 | | 35.8 | | — | — |
| Total assets | $1,578.3 | | $1,578.3 | | $— | $— |
First 8 of 12 rows. The CSV has all of them.
Table 38 after “At September 30, 2026 and December 31, 2025, the fair values of the Company’s debt obligations were as follows (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| 3.650% Senior Notes | $647.9 | | $648.9 |
| 1.625% Senior Notes | 426.2 | | 444.6 |
| 3.000% Senior Notes | 262.2 | | 278.3 |
Table 39 after “Summarized financial data of reportable segments were as follows (in millions):”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2026 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Revenues | $733.4 | | $462.2 | | $103.4 | | $30.9 | $28.9 | | $— | $1,358.8 |
| Cost of revenues | 263.9 | | 348.7 | | 30.1 | | 2.7 | 1.2 | | — | 646.6 |
| Revenues less cost of revenues | 469.5 | | 113.5 | | 73.3 | | 28.2 | 27.7 | | — | 712.2 |
| Depreciation and amortization | 8.5 | | 9.9 | | 6.0 | | 0.6 | 2.5 | | 0.2 | 27.7 |
| Other segment operating expenses (a) | 125.1 | | 43.0 | | 32.6 | | 5.9 | 9.2 | | 5.9 | 221.7 |
First 8 of 18 rows. The CSV has all of them.
Table 40 after “Summarized financial data of reportable segments were as follows (in millions):”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2025 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Revenues | $616.0 | | $377.8 | | $92.8 | | $32.0 | $23.1 | | $— | $1,141.7 |
| Cost of revenues | 235.2 | | 274.3 | | 23.7 | | 2.4 | 0.6 | | — | 536.2 |
| Revenues less cost of revenues | 380.8 | | 103.5 | | 69.1 | | 29.6 | 22.5 | | — | 605.5 |
| Depreciation and amortization | 7.6 | | 11.7 | | 8.2 | | 0.6 | 2.8 | | — | 30.9 |
| Other segment operating expenses (a) | 98.8 | | 38.3 | | 44.5 | | 12.2 | 8.2 | | 2.3 | 204.3 |
First 8 of 17 rows. The CSV has all of them.
| Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Revenues | $2,144.9 | | $1,397.9 | | $340.6 | | $103.2 | $87.8 | | $— | $4,074.4 |
| Cost of revenues | 733.9 | | 1,058.5 | | 97.6 | | 8.6 | 3.1 | | — | 1,901.7 |
| Revenues less cost of revenues | 1,411.0 | | 339.4 | | 243.0 | | 94.6 | 84.7 | | — | 2,172.7 |
| Depreciation and amortization | 25.3 | | 31.5 | | 18.8 | | 1.9 | 7.5 | | 0.3 | 85.3 |
| Other segment operating expenses (a) | 349.2 | | 114.7 | | 108.2 | | 30.8 | 27.9 | | 12.2 | 643.0 |
First 8 of 35 rows. The CSV has all of them.
Table 42 after “The following summarizes long-lived assets by geographic area based on primary jurisdiction as of September 30, 2026 and December 31, 2025 (”
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| September 30, 2026 | December 31, 2025 | |
| United States | $194.7 | | $184.5 |
| United Kingdom | 33.8 | | 30.0 |
| Other | 17.3 | | 29.6 |
| Total | $245.8 | | $244.1 |
Table 43 after “The following summarizes revenues less cost of revenues by geographic area based on primary jurisdiction (in millions):”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| United States | $629.3 | | $527.6 | | $1,898.9 | $1,527.7 |
| Other | 82.9 | | 77.9 | | 273.8 | 230.3 |
| Total | $712.2 | | $605.5 | | $2,172.7 | $1,758.0 |
Table 44 after “The following table presents the Company’s subsidiaries with regulatory capital requirements discussed above, as well as the actual and mini”
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| Subsidiary | Regulatory Authority | Actual | Minimum Requirement | |
| Cboe Trading | FINRA/SEC | $17.2 | | $1.0 |
| BIDS Trading | FINRA/SEC | 13.9 | | 0.2 |
| Cboe Fixed Income | FINRA/SEC | 6.5 | | 0.1 |
| Cboe Europe | FCA | 73.4 | | 37.1 |
| Cboe Chi-X Europe | FCA | 0.6 | | 0.1 |
| Cboe NL | Dutch Authority for Financial Markets | 16.6 | | 5.4 |
| Cboe Clear Europe | DNB | 144.2 | | 89.4 |
First 8 of 12 rows. The CSV has all of them.
Table 45 after “The following table summarizes RSU activity during the nine months ended September 30, 2026:”
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| Number of Shares | Weighted average grant date fair value | |
| Nonvested stock at December 31, 2025 | 458,809 | | $190.38 |
| Granted | 169,021 | | 286.01 |
| Vested | (211,136) | | 177.28 |
| Forfeited | (33,294) | | 222.13 |
| Nonvested stock at September 30, 2026 | 383,400 | | $237.00 |
Table 46 after “The following table summarizes restricted stock units contingent upon achievement of performance conditions, also known as PSUs, activity du”
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| Number of Shares | Weighted average grant date fair value | |
| Nonvested stock at December 31, 2025 | 88,960 | | $237.75 |
| Granted | 70,246 | | 281.57 |
| Vested | (61,914) | | 168.81 |
| Forfeited | (6,350) | | 264.44 |
| Nonvested stock at September 30, 2026 | 90,942 | | $316.67 |
Table 47 after “The table below shows the repurchased shares of common stock under the Company’s share repurchase program during the period presented as fol”
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| Three Months Ended September 30, | | |
| 2026 | 2025 | |
| Number of shares of common stock repurchased | 210,667 | | — |
| Average price paid per share | $266.17 | | $— |
| Total purchase price (in millions) | $56.1 | | $— |
Table 48 after “The following table sets forth the computation of basic and diluted earnings per share for the three and nine months ended September 30, 202”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Basic earnings per share numerator: | | | | | | |
| Net income | $428.2 | | $300.8 | | $1,167.0 | $786.5 |
| Net income allocated to participating securities | (1.5) | | (1.5) | | (4.4) | (3.9) |
| Net income allocated to common stockholders | $426.7 | | $299.3 | | $1,162.6 | $782.6 |
| Basic earnings per share denominator: | | | | | | |
| Weighted average shares outstanding | 104.5 | | 104.6 | | 104.6 | 104.7 |
First 8 of 18 rows. The CSV has all of them.
Table 49 after “The following table presents the supplemental balance sheet information related to leases as of September 30, 2026 and December 31, 2025, re”
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| September 30, 2026 | December 31, 2025 | |
| Operating lease right of use assets | $100.1 | | $111.0 |
| Total lease assets | $100.1 | | $111.0 |
| Current operating lease liabilities (1) | $25.8 | | $26.9 |
| Non-current operating lease liabilities | 108.0 | | 120.9 |
| Total lease liabilities | $133.8 | | $147.8 |
Table 50 after “The following table presents operating lease costs and other information as of and for the three and nine months ended September 30, 2026 an”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | | |
| 2026 | 2025 | | 2026 | 2025 | | |
| Operating lease costs (1) | $7.6 | | $9.2 | | $24.6 | | $29.0 |
| Lease term and discount rate information: | | | | | | | |
| Weighted average remaining lease term (years) | | | | 6.5 | 7.1 | | |
| Weighted average discount rate | | | | 3.6% | | 3.6% | |
| Supplemental disclosure of cash transactions: | | | | | | | |
| Cash paid for amounts included in the measurement of lease liabilities | $8.7 | | $8.0 | | $23.8 | | $20.6 |
First 8 of 13 rows. The CSV has all of them.
Table 51 after “The maturities of the lease liabilities are as follows as of September 30, 2026 (in millions):”
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| September 30, 2026 |
| Remainder of 2026 | $7.9 |
| 2027 | 29.1 |
| 2028 | 27.8 |
| 2029 | 15.9 |
| 2030 | 15.7 |
| After 2030 | 54.2 |
| Total lease payments | $150.6 |
First 8 of 10 rows. The CSV has all of them.
Table 52 after “These are Non-GAAP figures for which reconciliations are provided below (in millions, except percentages, earnings per share, and as noted b”
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| Three Months Ended September 30, | Increase/(Decrease) | | PercentChange | Nine Months Ended September 30, | Increase/(Decrease) | | PercentChange | | | | | | | | |
| 2026 | 2025 | | | 2026 | 2025 | | | | | | | | | | |
| Total revenues | $1,358.8 | | $1,141.7 | | $217.1 | | 19% | | | $4,074.4 | | $3,510.2 | | $564.2 | | 16% |
| Total cost of revenues | 646.6 | | 536.2 | | 110.4 | | 21% | | | 1,901.7 | | 1,752.2 | | 149.5 | | 9% |
| Revenues less cost of revenues | 712.2 | | 605.5 | | 106.7 | | 18% | | | 2,172.7 | | 1,758.0 | | 414.7 | | 24% |
| Total operating expenses | 249.4 | | 235.2 | | 14.2 | | 6% | | | 728.3 | | 694.7 | | 33.6 | | 5% |
| Gain on divestiture, net | 71.5 | | — | | 71.5 | | * | | 71.5 | | — | | 71.5 | | * | |
| Operating income | 534.3 | | 370.3 | | 164.0 | | 44% | | | 1,515.9 | | 1,063.3 | | 452.6 | | 43% |
First 8 of 31 rows. The CSV has all of them.
Table 53 after “The following is a reconciliation of revenues less cost of revenues (“net revenue”) to organic net revenue (in millions) for the three and n”
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| Three Months Ended, September 30 | | | | | | | | | | | | |
| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | | | | | | | | |
| 2026 | 2025 | | 2026 | 2025 | 2026 | | 2025 | 2026 | 2025 | | | |
| Revenues less cost of revenues (net revenue) | $131.4 | | $117.3 | | $179.1 | | $158.9 | | $401.7 | | $329.3 | $712.2 | $605.5 |
| Divestiture net revenue | (0.5) | | (1.0) | | (2.4) | | (6.4) | | — | | — | (2.9) | (7.4) |
| Organic net revenue | $130.9 | | $116.3 | | $176.7 | | $152.5 | | $401.7 | | $329.3 | $709.3 | $598.1 |
| Nine Months Ended, September 30 | | | | | | | | | | | | |
| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | | | | | | | | |
First 8 of 12 rows. The CSV has all of them.
Table 54 after “The following is a reconciliation of operating income to adjusted operating income (in millions) for the three and nine months ended Septemb”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Operating income | $534.3 | | $370.3 | | $1,515.9 | $1,063.3 |
| Acquisition-related costs (a) | — | | 0.2 | | — | 0.4 |
| Amortization of acquired intangible assets (b) | 14.1 | | 17.2 | | 45.4 | 52.8 |
| Gain on divestiture, net (c) | (71.5) | | — | | (71.5) | — |
| Provision for notes receivable (d) | 14.0 | | — | | 14.0 | — |
| Strategic realignment costs (e) | 16.7 | | 7.0 | | 45.5 | 24.6 |
First 8 of 10 rows. The CSV has all of them.
Table 55 after “The following is a reconciliation of operating income (loss) to operating EBITDA and adjusted operating EBITDA by segment (in millions) for ”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2026 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Operating income (loss) | $335.9 | | $60.6 | | $106.2 | | $21.7 | | $16.0 | $(6.1) | $534.3 |
| Depreciation and amortization | 8.5 | | 9.9 | | 6.0 | | 0.6 | | 2.5 | 0.2 | 27.7 |
| Operating EBITDA | $344.4 | | $70.5 | | $112.2 | | $22.3 | | $18.5 | $(5.9) | $562.0 |
| Gain on divestiture, net (c) | — | | — | | (71.5) | | — | | — | — | (71.5) |
| Provision for notes receivable (d) | 5.1 | | 8.9 | | — | | — | | — | — | 14.0 |
First 8 of 11 rows. The CSV has all of them.
Table 56 after “The following is a reconciliation of operating income (loss) to operating EBITDA and adjusted operating EBITDA by segment (in millions) for ”
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| Three Months Ended September 30, | | | | | | | | | | |
| 2025 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Operating income (loss) | $274.4 | | $53.5 | | $16.4 | | $16.8 | | $11.5 | $(2.3) | $370.3 |
| Depreciation and amortization | 7.6 | | 11.7 | | 8.2 | | 0.6 | | 2.8 | — | 30.9 |
| Operating EBITDA | $282.0 | | $65.2 | | $24.6 | | $17.4 | | $14.3 | $(2.3) | $401.2 |
| Acquisition-related costs (a) | — | | 0.1 | | — | | — | | — | 0.1 | 0.2 |
| Strategic realignment costs (e) | — | | — | | 6.9 | | 0.1 | | — | — | 7.0 |
First 8 of 10 rows. The CSV has all of them.
Table 57 after “The following is a reconciliation of operating income to operating EBITDA and adjusted operating EBITDA by segment (in millions) for the thr”
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| Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Operating income (loss) | $1,036.5 | | $193.2 | | $187.5 | | $61.9 | | $49.3 | $(12.5) | $1,515.9 |
| Depreciation and amortization | 25.3 | | 31.5 | | 18.8 | | 1.9 | | 7.5 | 0.3 | 85.3 |
| Operating EBITDA | $1,061.8 | | $224.7 | | $206.3 | | $63.8 | | $56.8 | $(12.2) | $1,601.2 |
| Gain on divestiture, net (c) | — | | — | | (71.5) | | — | | — | — | (71.5) |
| Provision for notes receivable (d) | 5.1 | | 8.9 | | — | | — | | — | — | 14.0 |
First 8 of 11 rows. The CSV has all of them.
Table 58 after “The following is a reconciliation of operating income to operating EBITDA and adjusted operating EBITDA by segment (in millions) for the thr”
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| Nine Months Ended September 30, | | | | | | | | | | |
| 2025 | | | | | | | | | | |
| Options | North American Equities | | Europe and Asia Pacific | Futures | Global FX | | Corporate Items and Eliminations | Total | | |
| Operating income (loss) | $792.2 | | $145.2 | | $43.2 | | $54.5 | | $34.3 | $(6.1) | $1,063.3 |
| Depreciation and amortization | 21.5 | | 35.2 | | 24.2 | | 1.7 | | 8.4 | 0.1 | 91.1 |
| Operating EBITDA | $813.7 | | $180.4 | | $67.4 | | $56.2 | | $42.7 | $(6.0) | $1,154.4 |
| Acquisition-related costs (a) | — | | 0.3 | | — | | (0.1) | | — | 0.2 | 0.4 |
| Strategic realignment costs (e) | — | | — | | 24.0 | | 0.6 | | — | — | 24.6 |
First 8 of 10 rows. The CSV has all of them.
Table 59 after “The following is a reconciliation of net income allocated to common stockholders to EBITDA and adjusted EBITDA (in millions) for the three a”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | | | |
| 2026 | 2025 | | 2026 | | 2025 | | |
| Net income allocated to common stockholders | $426.7 | | $299.3 | | | $1,162.6 | | $782.6 |
| Interest (income) expense, net | (9.6) | | (1.0) | | | (19.0) | | 5.0 |
| Income tax provision | 126.3 | | 129.3 | | | 397.7 | | 328.4 |
| Depreciation and amortization | 27.7 | | 30.9 | | | 85.3 | | 91.1 |
| EBITDA | $571.1 | | $458.5 | | | $1,626.6 | | $1,207.1 |
| Acquisition-related costs (a) | — | | 0.2 | | | — | | 0.4 |
First 8 of 14 rows. The CSV has all of them.
Table 60 after “The following is a reconciliation of net income allocated to common stockholders to adjusted earnings (in millions) for the three and nine m”
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| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| 2026 | 2025 | | 2026 | 2025 | |
| Net income allocated to common stockholders | $426.7 | | $299.3 | | $1,162.6 | $782.6 |
| Acquisition-related costs (a) | — | | 0.2 | | — | 0.4 |
| Amortization of acquired intangible assets (b) | 14.1 | | 17.2 | | 45.4 | 52.8 |
| Gain on divestiture, net (c) | (71.5) | | — | | (71.5) | — |
| Provision for notes receivable (d) | 14.0 | | — | | 14.0 | — |
| Strategic realignment costs (e) | 16.7 | | 7.0 | | 45.5 | 24.6 |
First 8 of 16 rows. The CSV has all of them.
Table 61 after “The following table includes operational and financial metrics for our Options, North American Equities, Europe and Asia Pacific, Futures, a”
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| Three Months Ended September 30, | | Increase/ (Decrease) | | Percent Change | | Nine Months Ended September 30, | Increase/ (Decrease) | | Percent Change | | | | | | | | | | | | | |
| 2026 | | 2025 | | | | 2026 | 2025 | | | | | | | | | | | | | | | |
| (in millions, except percentages, trading days, and as noted below) | | (in millions, except percentages, trading days, and as noted below) | | | | | | | | | | | | | | | | | | | | |
| Options: | | | | | | | | | | | | | | | | | | | | | | | |
| Average daily volume (ADV) (in millions of contracts): | | | | | | | | | | | | | | | | | | | | | | | |
| Market ADV | 70.0 | | | 60.8 | | | 9.2 | | 15% | | | 70.6 | | 58.8 | | | 11.8 | | | 20% | | | |
| Total touched contracts (1) | 21.3 | | | 18.8 | | | 2.5 | | 14% | | | 21.1 | | 18.1 | | | 3.0 | | | 17% | | | |
| Multi-listed contract ADV | 15.3 | | | 13.9 | | | 1.4 | | 10% | | | 15.0 | | 13.3 | | | 1.7 | | | 12% | | | |
First 8 of 59 rows. The CSV has all of them.
Table 62 after “The following summarizes changes in revenues for the three and nine months ended September 30, 2026 compared to the three and nine months en”
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| Three Months Ended September 30, | Increase/ (Decrease) | | PercentChange | Nine Months Ended September 30, | Increase/ (Decrease) | | PercentChange | | | | |
| 2026 | 2025 | | | 2026 | 2025 | | | | | | |
| Cash and spot markets | $511.3 | | $415.0 | | $96.3 | | 23% | | $1,573.8 | $1,403.5 | $170.3 | 12% |
| Data Vantage | 182.6 | | 162.1 | | 20.5 | | 13% | | 545.5 | 472.9 | 72.6 | 15% |
| Derivatives markets | 664.9 | | 564.6 | | 100.3 | | 18% | | 1,955.1 | 1,633.8 | 321.3 | 20% |
| Total revenues | $1,358.8 | | $1,141.7 | | $217.1 | | 19% | | $4,074.4 | $3,510.2 | $564.2 | 16% |
Table 63 after “The following tables reconcile the disaggregated cost of revenues categories presented on the condensed consolidated statements of income to”
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| Three Months Ended September 30, 2026 | | | | | |
| Cash and Spot Markets | Data Vantage | | Derivatives Markets | Total | |
| Liquidity payments | $240.9 | | $— | | $162.9 | $403.8 |
| Routing and clearing fees | 14.7 | | — | | 4.5 | 19.2 |
| Regulatory fees cost of revenues | 109.5 | | — | | 34.4 | 143.9 |
| Royalty fees and other cost of revenues | 14.8 | | 3.5 | | 61.4 | 79.7 |
| Total cost of revenues | $379.9 | | $3.5 | | $263.2 | $646.6 |
| Three Months Ended September 30, 2025 | | | | | |
First 8 of 28 rows. The CSV has all of them.
Table 64 after “The following summarizes changes in the disaggregated cost of revenues for the three and nine months ended September 30, 2026 compared to th”
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| Three Months Ended September 30, | Increase/ (Decrease) | | PercentChange | Nine Months Ended September 30, | Increase/ (Decrease) | | PercentChange | | | | | | | | |
| 2026 | 2025 | | | 2026 | 2025 | | | | | | | | | | |
| Liquidity payments | $403.8 | | $453.3 | | $(49.5) | | (11)% | | | $1,303.6 | | $1,266.1 | | $37.5 | | 3% |
| Routing and clearing fees | 19.2 | | 20.0 | | (0.8) | | (4)% | | | 60.0 | | 60.3 | | (0.3) | | (0)% |
| Regulatory fees cost of revenues | 143.9 | | — | | 143.9 | | * | | 297.8 | | 238.4 | | 59.4 | | 25% | |
| Royalty fees and other cost of revenues | 79.7 | | 62.9 | | 16.8 | | 27% | | | 240.3 | | 187.4 | | 52.9 | | 28% |
| Total cost of revenues | $646.6 | | $536.2 | | $110.4 | | 21% | | | $1,901.7 | | $1,752.2 | | $149.5 | | 9% |
Table 65 after “The following summarizes the components of revenues less cost of revenues for the three and nine months ended September 30, 2026 compared to”
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| Three Months Ended September 30, | Increase/ (Decrease) | | PercentChange | Nine Months Ended September 30, | Increase/ (Decrease) | | PercentChange | | | | |
| 2026 | 2025 | | | 2026 | 2025 | | | | | | |
| Cash and spot markets | $131.4 | | $117.3 | | $14.1 | | 12% | | $415.2 | $339.6 | $75.6 | 22% |
| Data Vantage | 179.1 | | 158.9 | | 20.2 | | 13% | | 534.7 | 463.4 | 71.3 | 15% |
| Derivatives markets | 401.7 | | 329.3 | | 72.4 | | 22% | | 1,222.8 | 955.0 | 267.8 | 28% |
| Total revenues less cost of revenues | $712.2 | | $605.5 | | $106.7 | | 18% | | $2,172.7 | $1,758.0 | $414.7 | 24% |
Table 66 after “The following summarizes changes in operating expenses for the three and nine months ended September 30, 2026 compared to the three and nine”
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| Three Months Ended September 30, | Increase/ (Decrease) | | Percent Change | Nine Months Ended September 30, | Increase/ (Decrease) | | Percent Change | | | | |
| 2026 | 2025 | | | 2026 | 2025 | | | | | | |
| Compensation and benefits | $132.7 | | $129.2 | | $3.5 | | 3% | | $415.3 | $373.3 | $42.0 | 11% |
| Depreciation and amortization | 27.7 | | 30.9 | | (3.2) | | (10)% | | 85.3 | 91.1 | (5.8) | (6)% |
| Technology support services | 27.9 | | 26.6 | | 1.3 | | 5% | | 81.7 | 78.9 | 2.8 | 4% |
| Professional fees and outside services | 24.7 | | 21.6 | | 3.1 | | 14% | | 65.4 | 67.2 | (1.8) | (3)% |
| Travel and promotional expenses | 8.4 | | 12.0 | | (3.6) | | (30)% | | 29.6 | 26.6 | 3.0 | 11% |
| Facilities costs | 6.2 | | 6.4 | | (0.2) | | (3)% | | 18.5 | 19.6 | (1.1) | (6)% |
First 8 of 12 rows. The CSV has all of them.
Table 67 after “The following summarizes our total revenues by segment (in millions, except percentages):”
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| Three Months Ended September 30, | Percent Change | | Percentage of Total Revenues | | Nine Months Ended September 30, | | Percent Change | | Percentage of Total Revenues | | | | | | | | | |
| | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | | |
| Options | $733.4 | | $616.0 | | | 19% | | | 54% | | | 54% | | $2,144.9 | | $1,776.4 | 21% | 53% | 51% |
| North American Equities | 462.2 | | 377.8 | | | 22% | | | 34% | | | 33% | | 1,397.9 | | 1,279.7 | 9% | 34% | 36% |
| Europe and Asia Pacific | 103.4 | | 92.8 | | | 11% | | | 8% | | | 8% | | 340.6 | | 284.9 | 20% | 8% | 8% |
| Futures | 30.9 | | 32.0 | | | (3)% | | | 2% | | | 3% | | 103.2 | | 99.8 | 3% | 3% | 3% |
| Global FX | 28.9 | | 23.1 | | | 25% | | | 2% | | | 2% | | 87.8 | | 69.4 | 27% | 2% | 2% |
First 8 of 9 rows. The CSV has all of them.
Table 68 after “The following summarizes our revenues less cost of revenues by segment (in millions, except percentages):”
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| | | | Percent Change | | Percentage of Total Revenues Less Cost of Revenues | | | | | Percent Change | Percentage of Total Revenues Less Cost of Revenues | | | | | | |
| Three Months Ended September 30, | | Three Months Ended September 30, | | Nine Months Ended September 30, | | | Nine Months Ended September 30, | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | 2025 | | 2026 | | 2025 | | | | |
| Options | $469.5 | | $380.8 | | | 23% | | | 66% | | 63% | | $1,411.0 | | $1,098.0 | 29% | 65% | 62% |
| North American Equities | 113.5 | | 103.5 | | | 10% | | | 16% | | 17% | | 339.4 | | 296.5 | 14% | 16% | 17% |
| Europe and Asia Pacific | 73.3 | | 69.1 | | | 6% | | | 10% | | 11% | | 243.0 | | 203.6 | 19% | 11% | 12% |
| Futures | 28.2 | | 29.6 | | | (5)% | | | 4% | | 5% | | 94.6 | | 92.5 | 2% | 4% | 5% |
| Global FX | 27.7 | | 22.5 | | | 23% | | | 4% | | 4% | | 84.7 | | 67.4 | 26% | 4% | 4% |
First 8 of 9 rows. The CSV has all of them.
Table 69 after “The following summarizes revenues less cost of revenues, operating expenses, operating income, operating margin, adjusted operating EBITDA, ”
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| Three Months Ended September 30, | Percent Change | | Percentage of Total Revenues | | Nine Months Ended September 30, | | Percent Change | | Percentage of Total Revenues | | | | | | | | | | | |
| | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | |
| Revenues less cost of revenues | $469.5 | | $380.8 | | | 23% | | | 64% | | | 62% | | $1,411.0 | | $1,098.0 | | 29% | | 66% | 62% |
| Operating expenses | 133.6 | | 106.4 | | | 26% | | | 18% | | | 17% | | 374.5 | | 305.8 | | 22% | | 17% | 17% |
| Operating income | $335.9 | | $274.4 | | | 22% | | | 46% | | | 45% | | $1,036.5 | | $792.2 | | 31% | | 48% | 45% |
| Operating margin | 71.5% | | 72.1% | | | * | | * | | * | | 73.5% | | 72.1% | | * | * | | * | | |
| Adjusted Operating EBITDA (1) | $357.9 | | $282.0 | | | 27% | | | 49% | | | 46% | | $1,090.9 | | $813.7 | | 34% | | 51% | 46% |
First 8 of 9 rows. The CSV has all of them.
Table 70 after “The following summarizes revenues less cost of revenues, operating expenses, operating income, operating margin, adjusted operating EBITDA, ”
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| Three Months Ended September 30, | Percent Change | | Percentage of Total Revenues | | Nine Months Ended September 30, | | Percent Change | | Percentage of Total Revenues | | | | | | | | | | | |
| | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | |
| Revenues less cost of revenues | $113.5 | | $103.5 | | | 10% | | | 25% | | | 27% | | $339.4 | | $296.5 | | 14% | | 24% | 23% |
| Operating expenses | 52.9 | | 50.0 | | | 6% | | | 11% | | | 13% | | 146.2 | | 151.3 | | (3)% | | 10% | 12% |
| Operating income | $60.6 | | $53.5 | | | 13% | | | 13% | | | 14% | | $193.2 | | $145.2 | | 33% | | 14% | 11% |
| Operating margin | 53.4% | | 51.7% | | | * | | * | | * | | 56.9% | | 49.0% | | * | * | | * | | |
| Adjusted Operating EBITDA (1) | $81.8 | | $65.3 | | | 25% | | | 18% | | | 17% | | $240.1 | | $180.7 | | 33% | | 17% | 14% |
First 8 of 9 rows. The CSV has all of them.
Table 71 after “The following summarizes revenues less cost of revenues, operating expenses, gain on divestiture, net, operating income, operating margin, a”
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| Three Months Ended September 30, | Percent Change | | Percentage of Total Revenues | | Nine Months Ended September 30, | | Percent Change | | Percentage of Total Revenues | | | | | | | | | | | | | |
| | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | | | | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | |
| Revenues less cost of revenues | $73.3 | | $69.1 | | | 6% | | | 71% | | | 74% | | $243.0 | | | $203.6 | | 19% | | 71% | | 71% |
| Operating expenses | 38.6 | | 52.7 | | | (27)% | | | 37% | | | 57% | | 127.0 | | | 160.4 | | (21)% | | 37% | | 56% |
| Gain on divestiture, net | 71.5 | | — | | | * | | 69% | | | —% | | 71.5 | | | — | | * | | 21% | | —% | |
| Operating income | $106.2 | | $16.4 | | | 548% | | | 103% | | | 18% | | $187.5 | | | $43.2 | | 334% | | 55% | | 15% |
| Operating margin | 144.9% | | 23.7% | | | * | | * | | * | | 77.2% | | 21.2% | | | * | * | | * | | | |
First 8 of 10 rows. The CSV has all of them.
Table 72 after “The following summarizes revenues less cost of revenues, operating expenses, operating income, operating margin, adjusted operating EBITDA, ”
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| Three Months Ended September 30, | Percent Change | | Percentage of Total Revenues | | Nine Months Ended September 30, | | Percent Change | | Percentageof TotalRevenues | | | | | | | | | | | |
| | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | |
| Revenues less cost of revenues | $28.2 | | $29.6 | | | (5)% | | | 91% | | | 93% | | $94.6 | | $92.5 | | 2% | | 92% | 93% |
| Operating expenses | 6.5 | | 12.8 | | | (49)% | | | 21% | | | 40% | | 32.7 | | 38.0 | | (14)% | | 32% | 38% |
| Operating income | $21.7 | | $16.8 | | | 29% | | | 70% | | | 53% | | $61.9 | | $54.5 | | 14% | | 60% | 55% |
| Operating margin | 77.0% | | 56.8% | | | * | | * | | * | | 65.4% | | 58.9% | | * | * | | * | | |
| Adjusted Operating EBITDA (1) | $22.9 | | $17.5 | | | 31% | | | 74% | | | 55% | | $66.0 | | $56.7 | | 16% | | 64% | 57% |
First 8 of 9 rows. The CSV has all of them.
Table 73 after “The following summarizes revenues less cost of revenues, operating expenses, operating income, operating margin, adjusted operating EBITDA, ”
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| Three Months Ended September 30, | Percent Change | | Percentage of Total Revenues | | Nine Months Ended September 30, | | Percent Change | | Percentageof TotalRevenues | | | | | | | | | | | |
| | Three Months Ended September 30, | | | | Nine Months Ended September 30, | | | | | | | | | | | | | | | |
| 2026 | 2025 | | | 2026 | | 2025 | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | |
| Revenues less cost of revenues | $27.7 | | $22.5 | | | 23% | | | 96% | | | 97% | | $84.7 | | $67.4 | | 26% | | 96% | 97% |
| Operating expenses | 11.7 | | 11.0 | | | 6% | | | 40% | | | 48% | | 35.4 | | 33.1 | | 7% | | 40% | 48% |
| Operating income | $16.0 | | $11.5 | | | 39% | | | 55% | | | 50% | | $49.3 | | $34.3 | | 44% | | 56% | 49% |
| Operating margin | 57.8% | | 51.1% | | | * | | * | | * | | 58.2% | | 50.9% | | * | * | | * | | |
| Adjusted Operating EBITDA (1) | $18.7 | | $14.3 | | | 31% | | | 65% | | | 62% | | $57.7 | | $42.7 | | 35% | | 66% | 62% |
First 8 of 9 rows. The CSV has all of them.
Table 74 after “The following table summarizes our cash flow data for the nine months ended September 30, 2026 and 2025, respectively (in millions):”
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| Nine Months Ended September 30, | | |
| 2026 | 2025 | |
| Net cash flows provided by operating activities | $2,273.9 | | $1,400.5 |
| Net cash flows provided by investing activities | 48.6 | | 30.9 |
| Net cash flows used in financing activities | (394.6) | | (294.1) |
| Effect of foreign currency exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents | (55.7) | | 266.9 |
| Increase in cash, cash equivalents, and restricted cash and cash equivalents | $1,872.2 | | $1,404.2 |
Table 75 after “The following table summarizes our cash flow data for the nine months ended September 30, 2026 and 2025, respectively (in millions):”
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| As of September 30, | | |
| 2026 | 2025 | |
| Reconciliation of cash, cash equivalents, and restricted cash and cash equivalents: | | | |
| Cash and cash equivalents | $2,662.6 | | $1,496.7 |
| Cash and cash equivalents (included in assets held for sale) | 57.4 | | — |
| Restricted cash and cash equivalents (included in margin deposits, default fund, and interoperability fund) | 2,988.8 | | 1,639.8 |
| Restricted cash and cash equivalents (included in other current assets) | 28.4 | | 32.5 |
| Customer bank deposits (included in margin deposits, default fund, and interoperability fund) | 3.8 | | 1.0 |
First 8 of 9 rows. The CSV has all of them.
Table 76 after “The following summarizes our financial assets, excluding margin deposits, default fund, and interoperability fund as of September 30, 2026 a”
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| September 30, 2026 | December 31, 2025 | |
| Cash and cash equivalents | $2,662.6 | | $2,216.5 |
| Cash and cash equivalents (included in assets held for sale) | 57.4 | | — |
| Financial investments | 41.2 | | 36.1 |
| Less deferred compensation plan assets | (40.7) | | (35.8) |
| Less cash collected for Section 31 fees | — | | — |
| Adjusted cash (1) | $2,720.5 | | $2,216.8 |
Table 77 after “The following summarizes our debt obligations as of September 30, 2026 and December 31, 2025 (in millions):”
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| September 30, 2026 | December 31, 2025 | |
| 3.650% Senior Notes | $650.0 | | $650.0 |
| 1.625% Senior Notes | 500.0 | | 500.0 |
| 3.000% Senior Notes | 300.0 | | 300.0 |
| Revolving Credit Agreement | — | | — |
| Cboe Clear Europe Credit Facility | — | | — |
| Less unamortized discount and debt issuance costs | (5.7) | | (7.1) |
| Total debt | $1,444.3 | | $1,442.9 |
Table 78 after “For the three and nine months ended September 30, 2026, our exposure to foreign-denominated revenues less cost of revenues and expenses is p”
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| Three Months Ended September 30, 2026 | Nine Months Ended September 30, 2026 | | | | | | | | | |
| Euros (1) | British Pounds (1) | | Canadian Dollars (1) | | Euros (1) | British Pounds (1) | | Canadian Dollars (1) | | |
| Foreign denominated % of: | | | | | | | | | | | |
| Revenues less cost of revenues | 6.8% | | 3.0% | | 1.2% | | | 7.1% | | 3.1% | 1.3% |
| Operating expenses | 6.8% | | 9.6% | | 2.2% | | | 7.7% | | 10.2% | 2.5% |
| Impact of 10% adverse currency fluctuation on: | | | | | | | | | | | |
| Revenues less cost of revenues | $4.9 | | $2.1 | | $0.9 | | | $15.5 | | $6.8 | $2.7 |
| Operating expenses | 1.7 | | 2.4 | | 0.6 | | | 5.6 | | 7.4 | 1.8 |
Table 79 after “Our primary exposure to this equity risk as of September 30, 2026 is presented by foreign currency in the following table (in millions):”
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| Euros (1) | British Pounds (1) | | Canadian Dollars (1) | |
| Net equity investment, by foreign currency | $247.8 | | $630.0 | | $178.0 |
| Impact on consolidated equity of a 10% adverse currency fluctuation | 24.8 | | 63.0 | | 17.8 |
Table 80 after “The table below shows the purchases of equity securities by the Company which settled during the three months ended September 30, 2026, refl”
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| Period | Total Number of Shares Purchased | Average Price Paid per Share | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs (in millions) | |
| July 1 to July 31, 2026 | 114,818 | | $264.50 | | 114,818 | $506.4 |
| August 1 to August 31, 2026 | 5,200 | | 279.43 | | 5,200 | 504.9 |
| September 1 to September 30, 2026 | 90,649 | | 267.52 | | 90,649 | 480.7 |
| Total | 210,667 | | $266.17 | | 210,667 | |
Table 81 after “The table below reflects the acquisition of common stock by the Company in the three months ended September 30, 2026 that was not part of th”
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| Period | Total Number of Shares Purchased | Average Price Paid per Share |
| July 1 to July 31, 2026 | — | $— |
| August 1 to August 31, 2026 | 1,066 | 280.75 |
| September 1 to September 30, 2026 | — | — |
| Total | 1,066 | $280.75 |
| Exhibit No. | Description |
| 10.1 +* | Master License Agreement, dated as of September 28, 2026, by and between Cboe Exchange, Inc. and S&P Opco, LLC (and, solely for purposes of Section 13.4 thereof, S&P Dow Jones Indices LLC and DJI Opco, LLC), incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K (File No. 001-34774) filed on September 29, 2026. |
| 10.2 +* | Order No. 1-1 to the Master License Agreement, dated as of September 28, 2026, by and between Cboe Exchange, Inc. and S&P Opco, LLC, incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 8-K (File No. 001-34774) filed on September 29, 2026. |
| 10.3 + | Order No. 2-1 to the Master License Agreement, dated as of September 28, 2026, by and between Cboe Exchange, Inc. and S&P Opco, LLC, incorporated by reference to Exhibit 10.3 to the Company's Current Report on Form 8-K (File No. 001-34774) filed on September 29, 2026. |
| 31.1 | Certification of Chief Executive Officer pursuant to Rule 13a-14 (filed herewith). |
| 31.2 | Certification of Chief Financial Officer pursuant to Rule 13a-14 (filed herewith). |
| 32.1 | Certificate of Chief Executive Officer pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (filed herewith). |
| 32.2 | Certificate of Chief Financial Officer pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code (filed herewith). |
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