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Sunday, October 12, 2025
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Cboe Global Markets Q1 2023 Results Reflect Record Growth

Cboe Global Markets Inc. has announced its financial results for Q1 2023, showcasing record-breaking results and a strong start to the year. The company reported diluted earnings per share (EPS) of $1.63 for the quarter, a 60% increase, while adjusted diluted EPS reached a record $1.90, up 10%. Additionally, net revenue for the quarter totaled $471.4 million, a 13% increase. Cboe Global Markets has reaffirmed its organic total net revenue growth target for 2023 at 7 to 9% and its Data and Access Solutions organic net revenue growth target at 7 to 10%. The company’s 2023 adjusted operating expense guidance remains at $769 to $779 million.

Edward T. Tilly, Chairman and CEO of Cboe Global Markets, highlighted the company’s fiftieth anniversary and the significant achievements since its founding in 1973. Tilly expressed confidence in Cboe’s ability to continue delivering value for customers and shareholders in the future. He also noted the strong Q1 performance in the company’s global Derivatives and Data and Access Solutions businesses, with recent innovations contributing to increased access to their suite of derivatives products.

Brian N. Schell, Executive Vice President, CFO, and Treasurer of Cboe Global Markets, also commented on the company’s financial performance, stating, “Cboe built on its strong performance in 2022 by reporting record net revenue and record adjusted earnings in the first quarter of 2023.” Schell highlighted the 29% year-over-year net revenue increase in the derivatives business and the 9% year-over-year increase in Data and Access Solutions net revenue. Despite a 12% decrease in cash and spot markets net revenue, Schell reaffirmed the company’s growth targets and expense guidance for 2023.

The Q1 2023 financial results demonstrate Cboe Global Markets’ continued success and a promising outlook for the company as it pursues its key initiatives and delivers on its financial objectives.

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