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Sep 30, 2021
Cboe Q3 2021 Earnings Report
Cboe posted double-digit year-over-year earnings growth, driven by accelerated trading and higher demand for data and access solutions. The company delivered strategic milestones, including the launch of its European Derivatives platform and the expansion of its global footprint with Chi-X Asia Pacific.
Key Takeaways
Cboe Global Markets reported strong financial results for the third quarter of 2021, with a 27% increase in net revenue to $370 million and a 31% increase in adjusted diluted EPS to $1.45. The company benefited from accelerated trading in proprietary products and higher demand for data and access solutions.
Diluted EPS for the Quarter of $1.12, Up 11 percent
Adjusted Diluted EPS for the Quarter of $1.45, Up 31 percent
Net Revenue for the Quarter of $370 million, Up 27 percent
Raised Third-Quarter Dividend by 14%, Marking 11 Consecutive Years of Raising the Dividend
Revenue by Segment
Forward Guidance
Cboe is increasing its full-year recurring non-transaction organic revenue growth target to approximately 14 percent from 12 to 13 percent. Recurring non-transaction revenue, which includes acquisitions, is now expected to increase by approximately 18 percent, up from previous guidance of 15 to 16 percent. Given our strong revenue growth and hiring plans we are tightening our full-year 2021 expense guidance range and raising the midpoint to $539 million from $535 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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