FINHUB Insights

CBOE · Q2 FY25 · Apr 1 – Jun 30, 2025

Cboe Global Markets Q2 FY25: where the revenue came from and where it went

Cboe Global Markets Q2 FY25: revenue $1.2B (+20% year over year). Net profit $0.2B. Largest cohort Transaction and Clearing Fees $0.9B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Aug 1, 2025 10-Q
Sankey diagram of Cboe Global Markets's income statement for Q2 FY25: revenue of $1.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.2B +20% year over year
Gross profit$0.6B 50% margin
Operating profit$0.3B 29% margin
Net profit$0.2B 20% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 1.2 100% +20%
Transaction and Clearing Fees 0.9 75% +24%
Access and Capacity Fees 0.1 8% +12%
Regulatory Fees 0.1 8% +13%
Market Data Fees 0.1 8% +12%
Cost of revenue−0.650%
Gross profit0.650% margin−3pp
Operating expenses−0.221%−10pp
Operating profit0.329% margin+7pp
Tax−0.1
Net profit0.220%+6pp
Filing on EDGAR More quarters of CBOE

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters