Cboe Global Markets Q2 FY25: where the revenue came from and where it went
The whole income statement of Cboe Global Markets for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Apr 1 – Jun 30, 2025
- Reported
- Aug 1, 2025
Revenue$1.17B
+20% year over year
Gross profit$0.59B
50% margin
Operating profit$0.34B
29% margin
Net profit$0.24B
20% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 1.17 | 100% | +20% |
| Transaction | 0.87 | 74% | +24% |
| Access & capacity fees | 0.10 | 9% | +12% |
| Regulatory fees | 0.10 | 8% | +13% |
| Market data fees | 0.08 | 7% | +12% |
| Other | 0.03 | 2% | −3% |
| Cost of revenue | −0.59 | 50% | |
| Gross profit | 0.59 | 50% margin | −3pp |
| Operating expenses | −0.25 | 21% | −10pp |
| Operating profit | 0.34 | 29% margin | +7pp |
| Tax | −0.10 | ||
| Net profit | 0.24 | 20% margin | +6pp |
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