Cboe Global Markets CBOE
CBOE among the 273 companies we cover
Where it stands · the better end on the right. The band holds the middle half; the line is the median.
CBOE and 9 peers, year by year
The 9 Financials companies closest to CBOE in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.
Choose the peers
| Company | Year | Revenue | Sales growth | Gross margin | Operating margin | Net margin | FCF margin | Return on equity | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|
| CBOE Cboe Global Markets | FY2025 | $4.7B | +15.1% | 51.5% | 31.1% | 23.3% | 35.7% | 21.4% | 0.28 |
| CPAY Corpay | FY2025 | $4.5B | +13.9% | - | 44.0% | 23.6% | 28.7% | 27.5% | 2.58 |
| SIGI Selective Insurance Group Inc | FY2025 | $5.3B | +9.8% | - | - | 8.7% | 22.4% | 12.9% | 0.25 |
| HOOD Robinhood Markets | FY2025 | $4.5B | +51.6% | - | - | 42.1% | - | 20.6% | 0.00 |
| TPG TPG Inc. | FY2025 | $4.7B | +16.1% | - | - | 4.0% | - | 4.5% | 0.42 |
| OMF OneMain Holdings, Inc. | FY2025 | $4.9B | +8.9% | - | - | 16.0% | - | 23.0% | 6.67 |
| ALHC Alignment Healthcare, Inc. | FY2025 | $3.9B | +46.1% | - | 0.4% | 0.0% | 2.9% | −0.4% | 1.80 |
| COIN Coinbase | FY2025 | $7.2B | +9.4% | - | 20.0% | 17.6% | - | 8.5% | 0.52 |
| EVR Evercore Inc. | FY2025 | $3.9B | +29.5% | - | - | 15.3% | 30.5% | 29.1% | 0.29 |
| BHF Brighthouse Financial, Inc. | FY2025 | $6.8B | +43.2% | - | - | 6.4% | - | 6.4% | 0.47 |
Each company, year by year
Bars: revenue, each company on its own scale. Line: net margin, on one scale for all. FY2016 to FY2025 · 10-K XBRL
Who rewrote the most
Share of the words changed in Risk Factors and in MD&A, latest 10-K against the one before
Revenue, FY2016 to FY2025
Revenue as reported in the 10-K.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | $703.1M | $2.2B | $2.8B | $2.5B | $3.4B | $3.5B | $4.0B | $3.8B | $4.1B | $4.7B |
| CPAY Dec | $1.8B | $2.2B | $2.4B | $2.6B | $2.4B | $2.8B | $3.4B | $3.8B | $4.0B | $4.5B |
| SIGI Dec | $2.3B | $2.5B | $2.6B | $2.8B | $2.9B | $3.4B | $3.6B | $4.2B | $4.9B | $5.3B |
| HOOD Dec | - | - | - | $277.5M | $958.0M | $1.8B | $1.4B | $1.9B | $3.0B | $4.5B |
| TPG Dec | - | - | - | - | $2.1B | $5.0B | $2.0B | $2.4B | $3.5B | $4.7B |
| OMF Dec | $3.0B | $2.9B | $3.4B | $3.8B | $3.9B | $4.0B | $4.2B | $4.3B | $4.5B | $4.9B |
| ALHC Dec | - | - | - | $757.0M | $959.2M | $1.2B | $1.4B | $1.8B | $2.7B | $3.9B |
| COIN Dec | - | - | - | $533.7M | $1.3B | $7.8B | $3.2B | $3.1B | $6.6B | $7.2B |
| EVR Dec | $1.5B | $1.7B | $2.1B | $2.0B | $2.3B | $3.3B | $2.8B | $2.4B | $3.0B | $3.9B |
| BHF Dec | $3.0B | $6.8B | $9.0B | $6.6B | $8.5B | $5.0B | $6.9B | $4.1B | $4.7B | $6.8B |
| Peer median | $2.3B | $2.5B | $2.6B | $2.3B | $2.3B | $3.4B | $3.2B | $3.1B | $4.0B | $4.7B |
Sales growth, FY2016 to FY2025
Revenue against the fiscal year before.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | +5.9% | +217% | +24.2% | −9.8% | +37.3% | +2.0% | +13.3% | −4.7% | +8.5% | +15.1% |
| CPAY Dec | +7.6% | +22.8% | +8.2% | +8.8% | −9.8% | +18.6% | +20.9% | +9.6% | +5.8% | +13.9% |
| SIGI Dec | +7.1% | +8.1% | +4.7% | +10.1% | +2.7% | +15.6% | +5.3% | +18.9% | +14.9% | +9.8% |
| HOOD Dec | - | - | - | - | +245% | +89.5% | −25.2% | +37.3% | +58.2% | +51.6% |
| TPG Dec | - | - | - | - | - | +10.7% | +27.5% | +23.1% | +36.0% | +16.1% |
| OMF Dec | +105% | −2.9% | +14.2% | +12.6% | +2.3% | +2.4% | +5.4% | +2.6% | +5.2% | +8.9% |
| ALHC Dec | - | - | - | - | +26.7% | +22.2% | +22.7% | +27.2% | +48.3% | +46.1% |
| COIN Dec | - | - | - | - | +139% | +514% | −59.3% | −2.7% | +111% | +9.4% |
| EVR Dec | +17.5% | +18.4% | +20.8% | −2.6% | +12.6% | +44.7% | −16.0% | −12.1% | +22.7% | +29.5% |
| BHF Dec | −66.1% | +127% | +31.0% | −26.9% | +29.7% | −16.0% | +38.1% | −40.1% | +14.7% | +43.2% |
| Peer median | +7.6% | +18.4% | +14.2% | +8.8% | +19.7% | +18.6% | +5.4% | +9.6% | +22.7% | +16.1% |
Gross margin, FY2016 to FY2025
Gross profit / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | 80.6% | 44.7% | 44.0% | 45.5% | 36.6% | 42.2% | 44.0% | 50.8% | 50.6% | 51.5% |
| CPAY Dec | - | - | - | - | - | - | - | - | - | - |
| SIGI Dec | - | - | - | - | - | - | - | - | - | - |
| HOOD Dec | - | - | - | - | - | - | - | - | - | - |
| TPG Dec | - | - | - | - | - | - | - | - | - | - |
| OMF Dec | - | - | - | - | - | - | - | - | - | - |
| ALHC Dec | - | - | - | - | - | - | - | - | - | - |
| COIN Dec | - | - | - | - | - | - | - | - | - | - |
| EVR Dec | - | - | - | - | - | - | - | - | - | - |
| BHF Dec | - | - | - | - | - | - | - | - | - | - |
| Peer median | - | - | - | - | - | - | - | - | - | - |
Operating margin, FY2016 to FY2025
Operating income / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | 42.4% | 16.7% | 21.6% | 21.5% | 19.3% | 23.1% | 12.4% | 28.0% | 26.8% | 31.1% |
| CPAY Dec | 41.2% | 39.3% | 44.8% | 46.5% | 40.7% | 43.8% | 42.2% | 44.1% | 45.0% | 44.0% |
| SIGI Dec | - | - | - | - | - | - | - | - | - | - |
| HOOD Dec | - | - | - | - | - | - | - | - | - | - |
| TPG Dec | - | - | - | - | - | - | - | - | - | - |
| OMF Dec | - | - | - | - | - | - | - | - | - | - |
| ALHC Dec | - | - | - | −3.9% | −0.5% | −15.2% | −9.0% | −7.0% | −3.8% | 0.4% |
| COIN Dec | - | - | - | −8.6% | 32.0% | 39.2% | −84.8% | −5.2% | 35.1% | 20.0% |
| EVR Dec | - | - | - | - | - | - | - | - | - | - |
| BHF Dec | - | - | - | - | - | - | - | - | - | - |
| Peer median | - | - | - | −3.9% | 32.0% | 39.2% | −9.0% | −5.2% | 35.1% | 20.0% |
Net margin, FY2016 to FY2025
Net income / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | 26.6% | 18.0% | 15.4% | 15.0% | 13.7% | 15.1% | 5.9% | 20.2% | 18.7% | 23.3% |
| CPAY Dec | 24.7% | 32.9% | 33.3% | 33.8% | 29.5% | 29.6% | 27.8% | 26.1% | 25.3% | 23.6% |
| SIGI Dec | 6.9% | 6.8% | 6.9% | 9.5% | 8.4% | 12.0% | 6.3% | 8.6% | 4.3% | 8.7% |
| HOOD Dec | - | - | - | −38.4% | 0.7% | −203.1% | −75.7% | −29.0% | 47.8% | 42.1% |
| TPG Dec | - | - | - | - | 0.0% | 0.0% | 4.6% | 3.4% | 0.7% | 4.0% |
| OMF Dec | 7.1% | 6.2% | 13.3% | 22.6% | 18.9% | 33.2% | 20.9% | 15.0% | 11.3% | 16.0% |
| ALHC Dec | - | - | - | −5.9% | −2.4% | −16.7% | −10.4% | −8.1% | −4.7% | 0.0% |
| COIN Dec | - | - | - | −5.7% | 25.2% | 46.2% | −82.2% | 3.1% | 39.3% | 17.6% |
| EVR Dec | 7.4% | 7.3% | 18.1% | 14.7% | 15.3% | 22.4% | 17.1% | 10.5% | 12.6% | 15.3% |
| BHF Dec | −97.4% | −5.5% | 9.6% | −11.3% | −12.5% | 33.0% | 56.4% | −27.0% | 8.2% | 6.4% |
| Peer median | 7.1% | 6.8% | 13.3% | 1.9% | 8.4% | 22.4% | 6.3% | 3.4% | 11.3% | 15.3% |
Free cash flow, FY2016 to FY2025
Cash from operations minus capital spending.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | $185.2M | $336.9M | $498.4M | $597.7M | $1.4B | $545.8M | $591.3M | $1.0B | $1.0B | $1.7B |
| CPAY Dec | $649.2M | $610.0M | $822.0M | $1.1B | $1.4B | $1.1B | $603.4M | $1.9B | $1.8B | $1.3B |
| SIGI Dec | - | - | $438.8M | $446.5M | $532.0M | $749.3M | $776.4M | $736.3M | $1.1B | $1.2B |
| HOOD Dec | - | - | - | $1.3B | $1.9B | −$948.0M | −$880.0M | - | - | - |
| TPG Dec | - | - | - | - | - | - | - | - | - | - |
| OMF Dec | - | - | - | - | - | - | - | - | - | - |
| ALHC Dec | - | - | - | - | - | - | −$69.2M | −$95.2M | −$6.6M | $113.1M |
| COIN Dec | - | - | - | −$114.1M | $283.6M | $4.0B | −$1.6B | - | - | - |
| EVR Dec | $403.4M | $475.9M | $816.2M | $433.9M | $925.0M | $1.4B | $508.2M | $437.9M | $958.0M | $1.2B |
| BHF Dec | - | - | - | - | - | - | - | - | - | - |
| Peer median | - | - | $816.2M | $446.5M | $925.0M | $1.1B | $219.5M | $587.1M | $1.0B | $1.2B |
FCF margin, FY2016 to FY2025
Free cash flow / revenue.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | 26.3% | 15.1% | 18.0% | 23.9% | 41.2% | 15.6% | 14.9% | 27.3% | 25.4% | 35.7% |
| CPAY Dec | 35.4% | 27.1% | 33.8% | 41.0% | 58.4% | 38.3% | 17.6% | 51.8% | 44.4% | 28.7% |
| SIGI Dec | - | - | 17.0% | 15.7% | 18.2% | 22.2% | 21.8% | 17.4% | 22.0% | 22.4% |
| HOOD Dec | - | - | - | 451.4% | 193.3% | −52.2% | −64.8% | - | - | - |
| TPG Dec | - | - | - | - | - | - | - | - | - | - |
| OMF Dec | - | - | - | - | - | - | - | - | - | - |
| ALHC Dec | - | - | - | - | - | - | −4.8% | −5.2% | −0.2% | 2.9% |
| COIN Dec | - | - | - | −21.4% | 22.2% | 51.5% | −49.7% | - | - | - |
| EVR Dec | 27.7% | 27.6% | 39.2% | 21.4% | 40.5% | 41.0% | 18.3% | 17.9% | 32.0% | 30.5% |
| BHF Dec | - | - | - | - | - | - | - | - | - | - |
| Peer median | - | - | 33.8% | 21.4% | 40.5% | 38.3% | 6.4% | 17.7% | 27.0% | 25.5% |
Return on equity, FY2016 to FY2025
Net income / shareholders' equity at the year end.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | 58.8% | 12.9% | 13.2% | 11.2% | 14.0% | 14.7% | 6.8% | 19.1% | 17.9% | 21.4% |
| CPAY Dec | 14.7% | 20.1% | 24.3% | 24.1% | 21.0% | 29.3% | 37.5% | 29.9% | 32.1% | 27.5% |
| SIGI Dec | 10.3% | 9.9% | 10.0% | 12.4% | 9.0% | 13.5% | 8.9% | 12.4% | 6.6% | 12.9% |
| HOOD Dec | - | - | - | n/m | n/m | −50.6% | −14.8% | −8.1% | 17.7% | 20.6% |
| TPG Dec | - | - | - | - | - | 0.0% | 3.0% | 2.4% | 0.7% | 4.5% |
| OMF Dec | 7.0% | 5.6% | 11.8% | 19.7% | 21.2% | 43.3% | 28.9% | 20.1% | 16.0% | 23.0% |
| ALHC Dec | - | - | - | n/m | −74.9% | −63.8% | −62.8% | −94.3% | −128.2% | −0.4% |
| COIN Dec | - | - | - | −6.1% | 33.4% | 56.8% | −48.1% | 1.5% | 25.1% | 8.5% |
| EVR Dec | 20.4% | 23.1% | 49.8% | 34.2% | 28.5% | 56.1% | 31.0% | 16.2% | 22.2% | 29.1% |
| BHF Dec | −19.8% | −2.6% | 6.0% | −4.6% | −5.9% | 10.2% | 70.1% | −22.5% | 7.8% | 6.4% |
| Peer median | 10.3% | 9.9% | 11.8% | 16.1% | 21.0% | 13.5% | 8.9% | 2.4% | 16.0% | 12.9% |
Debt / equity, FY2016 to FY2025
Total debt / shareholders' equity at the year end.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | 0.00 | 0.40 | 0.38 | 0.26 | 0.36 | 0.36 | 0.50 | 0.36 | 0.34 | 0.28 |
| CPAY Dec | 1.25 | 1.23 | 1.44 | 1.36 | 1.28 | 2.09 | 2.77 | 2.05 | 2.56 | 2.58 |
| SIGI Dec | 0.29 | 0.26 | 0.25 | 0.25 | 0.20 | 0.17 | 0.20 | 0.17 | 0.16 | 0.25 |
| HOOD Dec | - | - | - | - | - | - | - | - | - | 0.00 |
| TPG Dec | - | - | - | - | - | - | 0.14 | 0.28 | 0.36 | 0.42 |
| OMF Dec | 4.55 | 4.59 | 4.00 | 3.98 | 5.17 | 5.84 | 6.06 | 6.22 | 6.72 | 6.67 |
| ALHC Dec | - | - | - | - | 4.71 | 0.49 | 0.68 | 1.03 | 3.22 | 1.80 |
| COIN Dec | - | - | - | - | 0.00 | 0.53 | 0.63 | 0.47 | 0.45 | 0.52 |
| EVR Dec | - | - | - | 0.43 | 0.31 | 0.28 | 0.24 | 0.24 | 0.22 | 0.29 |
| BHF Dec | 0.13 | 0.25 | 0.27 | 0.27 | 0.19 | 0.20 | 0.57 | 0.64 | 0.64 | 0.47 |
| Peer median | 0.77 | 0.74 | 0.86 | 0.43 | 0.31 | 0.49 | 0.60 | 0.56 | 0.54 | 0.47 |
EPS (diluted), FY2016 to FY2025
Diluted earnings per share, on today's share count after splits.
| Company | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| CBOE Dec | $2.27 | $3.69 | $3.76 | $3.34 | $4.27 | $4.92 | $2.19 | $7.13 | $7.21 | $10.42 |
| CPAY Dec | $4.75 | $7.91 | $8.81 | $9.94 | $8.12 | $9.99 | $12.42 | $13.20 | $13.97 | $15.03 |
| SIGI Dec | $2.70 | $2.84 | $3.00 | $4.53 | $4.09 | $6.50 | $3.54 | $5.84 | $3.23 | $7.49 |
| HOOD Dec | - | - | - | −$0.48 | $0.01 | −$7.49 | −$1.17 | −$0.61 | $1.56 | $2.05 |
| TPG Dec | - | - | - | - | - | $0.00 | −$0.19 | −$0.04 | −$0.42 | $0.45 |
| OMF Dec | $1.59 | $1.35 | $3.29 | $6.27 | $5.41 | $9.88 | $7.01 | $5.32 | $4.24 | $6.56 |
| ALHC Dec | - | - | - | −$0.33 | −$0.15 | −$1.14 | −$0.83 | −$0.79 | −$0.67 | $0.00 |
| COIN Dec | - | - | - | −$0.50 | $1.40 | $14.50 | −$11.83 | $0.37 | $9.48 | $4.45 |
| EVR Dec | $2.43 | $2.80 | $8.33 | $6.89 | $8.22 | $17.08 | $11.61 | $6.37 | $9.08 | $14.05 |
| BHF Dec | −$24.54 | −$3.16 | $7.21 | −$6.76 | −$11.58 | $18.39 | $51.30 | −$18.39 | $4.64 | $5.71 |
| Peer median | $2.43 | $2.80 | $7.21 | $2.10 | $2.75 | $9.88 | $3.54 | $0.37 | $4.24 | $5.71 |
Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out CBOE and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more
Sources
Each company's 10-K, from SEC's XBRL company facts. Every number links to its filing in the Inline XBRL viewer.
Also
Financials: CBOE's own statements, year by year. Compare: the whole peer group on one page.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/CBOE/export.csv") into a cell.