Cboe Global Markets Inc (CBOE)

Over the past six months, Cboe Global Markets' stock price has increased, reaching an all-time high on August 10, 2025. In February 2025, CBOE reported its Q4 2024 results, slightly missing Wall Street expectations, but shares closed up more than 2% after the earnings report. In September 2025, Cboe Global Markets announced a quarterly dividend increase and reported a significant increase in options trading activity.

Historically, Cboe Global Markets' products and services exhibit some demand seasonality, particularly concerning implied volatility. Implied volatility for CBOE tends to rise most significantly in October and decline to its lowest levels in November.

Cboe Global Markets, Inc. is an exchange holding company in the Financial Services sector, specifically in the Capital Markets industry. It provides trading across various products, including options, futures, equities, exchange-traded products, foreign exchange, and volatility products based on the Cboe Volatility Index (VIX Index). Cboe is known for its S&P 500 and VIX index options and operates clearing houses and a cryptocurrency exchange.

Cboe Global Markets has a significant international presence, with operations in North America, Europe, and Asia-Pacific. It operates stock exchanges in the U.S. and Canada, including Cboe Canada, which accounts for approximately 15% of trading volume in listed securities. Its European arm, Cboe Clear Europe, manages the largest stock exchange group in Europe by volume. In the Asia-Pacific region, Cboe Australia was established following the acquisition of Chi-X in Australia and Japan. The company maintains offices in key global financial centers.

In the past year, Cboe Global Markets has emphasized its role as a global exchange operator and innovator, celebrating its 50th anniversary and launching new financial indexes. The introduction of its 24/5 trading model for its US EDGX Equities Exchange has drawn criticism from some buy-side traders, but Cboe's CEO reiterated the company's commitment to innovation and empowering retail investors.

Cboe Global Markets, Inc. has a diverse ownership structure comprising institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock, with major holders including Vanguard Group Inc., BlackRock, Inc., and Alliancebernstein L.P. Insiders own a smaller percentage, and retail and individual investors hold approximately 28.53% to 30.26% of the company's stock.