Cboe Global Markets Inc

For the period ended Dec 31, 2023. Filed Feb 16, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 16, 2024

CBOE$364.81+3.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

Years ended December 31, 2023, 2022, and 2021

(In millions, except per share data)


· 2023 · 2022 · 2021
Revenues:
Cash and spot markets	$1,445.1	$1,777.6	$1,660.5
Data and access solutions	539.2	497.0	427.7
Derivatives markets	1,789.2	1,683.9	1,406.6
Total revenues	3,773.5	3,958.5	3,494.8
Cost of revenues:
Liquidity payments	1,385.8	1,670.2	1,650.7
Routing and clearing	79.1	83.2	87.8
Section 31 fees	185.7	329.8	179.6
Royalty fees and other cost of revenues	204.9	133.6	100.6
Total cost of revenues	1,855.5	2,216.8	2,018.7
Revenues less cost of revenues	1,918.0	1,741.7	1,476.1
Operating expenses:
Compensation and benefits	425.8	363.0	288.5
Depreciation and amortization	158.0	166.8	167.4
Technology support services	99.7	77.7	66.7
Professional fees and outside services	92.0	89.0	83.7
Travel and promotional expenses	37.6	23.7	9.7
Facilities costs	25.7	25.1	22.2
Acquisition-related costs	7.4	19.9	15.6
Goodwill impairment	—	460.9	—
Other expenses	13.9	26.0	16.4
Total operating expenses	860.1	1,252.1	670.2
Operating income	1,057.9	489.6	805.9
Non-operating (expenses) income:
Interest expense	(62.4)	(60.0)	(48.0)
Interest income	12.0	3.6	0.6
Earnings in investments	39.5	7.2	1.0
Other income (expense), net	0.6	(7.5)	(3.4)
Income before income tax provision	1,047.6	432.9	756.1
Income tax provision	286.2	197.9	227.1
Net income	761.4	235.0	529.0
Net income allocated to participating securities	(3.9)	(0.9)	(1.7)
Net income allocated to common stockholders	$757.5	$234.1	$527.3
Basic earnings per share	$7.16	$2.20	$4.93
Diluted earnings per share	$7.13	$2.19	$4.92

Basic weighted average shares outstanding	105.8	106.3	107.0
Diluted weighted average shares outstanding	106.2	106.7	107.2

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.