Loading...
•
Mar 31, 2021
Cboe Q1 2021 Earnings Report
Cboe's first quarter results in 2021 showed a mix of growth and challenges. Revenue increased, driven by access and market data fees, but earnings declined due to difficult comparisons with the previous year's record results.
Key Takeaways
Cboe Global Markets reported a 2% increase in net revenue to $366 million for Q1 2021. Diluted EPS was $1.27, a decrease of 11%, while adjusted diluted EPS was $1.53, a decrease of 7%. The company returned $93 million to shareholders through share repurchases and dividends.
Net revenue increased by 2% to $366 million.
Diluted EPS decreased by 11% to $1.27.
Adjusted Diluted EPS decreased by 7% to $1.53.
Returned $93 million to shareholders through share repurchases and dividends.
Revenue by Segment
Forward Guidance
Cboe updated or reaffirmed its guidance for the 2021 fiscal year, excluding the impact of the planned acquisition of Chi-X Asia Pacific.
Positive Outlook
- Recurring non-transaction revenue is expected to increase by 11 to 12 percent from a base of $342 million in 2020.
- Organic growth for recurring non-transaction revenue is targeted in a range of 10 to 11 percent.
- Acquisitions closed in 2020 are expected to contribute net revenue growth in a range of 4 to 6 percentage points in 2021.
- Adjusted operating expenses are expected to be in the range of $531 to $539 million.
- Capital expenditures are expected to be in the range of $60 to $65 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...