Cboe Global Markets, Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
CBOE$352.78-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
December 31, 2025 and 2024
(In millions, except share and per share data)
| December 31,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $2,216.5 | $920.3 |
| Financial investments | 36.1 | 110.3 |
| Accounts receivable, net of $6.8 allowance for credit losses at December 31, 2025 and $6.6 at December 31, 2024 | 391.4 | 444.6 |
| Margin deposits, clearing funds, and interoperability funds | 1,618.2 | 845.5 |
| Income taxes receivable | 67.9 | 73.8 |
| Other current assets (includes restricted cash of $34.1 at December 31, 2025 and $— at December 31, 2024) | 91.3 | 84.6 |
| Total current assets | 4,421.4 | 2,479.1 |
| Investments | 32.4 | 383.7 |
| Property and equipment, net | 133.1 | 118.0 |
| Operating lease right of use assets | 111.0 | 124.5 |
| Goodwill | 3,150.5 | 3,124.2 |
| Intangible assets, net | 1,297.2 | 1,376.9 |
| Other assets, net | 159.7 | 182.7 |
| Total assets | $9,305.3 | $7,789.1 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities | $686.9 | $359.7 |
| Section 31 fees payable | 0.2 | 182.0 |
| Deferred revenue | 6.9 | 6.4 |
| Margin deposits, clearing funds, and interoperability funds | 1,618.2 | 845.5 |
| Income taxes payable | 50.1 | 1.6 |
| Total current liabilities | 2,362.3 | 1,395.2 |
| Long-term debt | 1,442.9 | 1,441.0 |
| Non-current unrecognized tax benefits | 15.8 | 305.0 |
| Deferred income taxes | 185.3 | 186.8 |
| Non-current operating lease liabilities | 120.9 | 138.4 |
| Other non-current liabilities | 39.8 | 43.1 |
| Total liabilities | 4,167.0 | 3,509.5 |
| Commitments and contingencies | ||
| Stockholders' equity: | ||
| Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.01 par value: 325,000,000 shares authorized, 104,654,764 and 104,647,739 shares issued and outstanding, respectively at December 31, 2025 and 104,693,373 and 104,686,478 shares issued and outstanding, respectively at December 31, 2024 | 1.0 | 1.0 |
| Common stock in treasury, at cost, 7,025 shares at December 31, 2025 and 6,895 shares at December 31, 2024 | (1.5) | (1.4) |
| Additional paid-in capital | 1,565.1 | 1,512.5 |
| Retained earnings | 3,543.6 | 2,815.9 |
| Accumulated other comprehensive income (loss), net | 30.1 | (48.4) |
| Total stockholders’ equity | 5,138.3 | 4,279.6 |
| Total liabilities and stockholders' equity | $9,305.3 | $7,789.1 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.