Cboe Q2 2026 revenue reached a record $731.6 million in the second quarter, and the company raised its 2026 organic growth targets. Net revenue rose 25% from a year earlier, Cboe Global Markets said on Thursday. Meanwhile, diluted earnings per share climbed 50% to $3.35. Adjusted diluted EPS increased 45% to $3.56.
Operating income rose 40% to $476.0 million. As a result, operating margin widened to 65.1% from 57.7% a year earlier. Chief Executive Officer Craig Donohue said the quarter reflected the company’s growth strategy. He cited expanding event contracts, the buildout of Cboe Clear U.S., and progress toward round-the-clock market access.
Cboe Q2 2026 Revenue by Segment
Chief Financial Officer Jill Griebenow said the Derivatives business posted a quarterly record. Net revenue in that unit grew 30%, helped by record index options volumes. Additionally, Cash and Spot Markets net revenue rose 22%, while Data Vantage increased 15%.
Options net revenue reached a record $473.9 million, up 30%. That gain came with a 26% rise in total options average daily volume. North American Equities also posted record net revenue, up 17%. Europe and Asia Pacific recorded record net revenue as well, rising 20%.
2026 Growth Targets Move Higher
Cboe also reported growth in other units. Futures net revenue increased 2%, while Global FX rose 17%. On the back of first-half results, the company lifted its 2026 organic total net revenue growth target to mid to high teens. Previously, it had guided to low double-digit to mid teens.
The company also raised its Data Vantage organic growth target to low teens. However, it kept adjusted operating expense guidance unchanged at $838 million to $853 million. During the quarter, Cboe returned capital to shareholders through $75.7 million in dividends and $32.6 million in share buybacks.
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Source: LeapRate
