Cboe Global Markets, Inc. Q2 2026 Earnings Recap

Cboe shares rose 4.6% following a quarter that delivered record net revenue and strong earnings growth, driven primarily by exceptional volume gains in derivatives and a bullish outlook on expanding event and prediction market products.

Key Takeaways

• Net revenue grew 25% year-over-year to a record $732 million, led by all five company segments.
• Adjusted diluted EPS increased 45% year-over-year to $3.56, reflecting operational leverage across the business.
• Derivatives net revenue hit $413 million, up 30%, with index options average daily volume up 32% to 6.2 million contracts.
• Notable product-level volume records include SPX options (+40% YoY), SPX 0DTE (+11% MoM in June), and Mini-SPX (+80% YoY).
• The company launched Cboe Predicts, targeting simple outcome-based products, and filed to list contracts tied to company performance metrics, positioning for growth beyond traditional options.