C
CBOE
CBOEUnverified5 segments tracked|7 years of data|Annual (10-K)
Total Revenue
$4.7B15.1%
FY2025
Operating Segments
5Active segments
Blended Margin
31.3%Operating margin
Highest Margin
54.4%Futures
Segment Shift
Futures has grown from 0.0% to 2.9% of total revenue since FY2019, with 54.4% operating margins. Meanwhile, Options is the fastest growing at +21.5% YoY.
Segment Revenue Over Time
Revenue Mix
Segment Breakdown — FY2025
| Segment | Revenue | Op. Income | Margin | % of Total | YoY |
|---|---|---|---|---|---|
| Options | $2.4B | $1.1B | 45.7% | 51.6% | +21.5% |
| North American Equities | $1.7B | $188M | 11.2% | 35.5% | +8.1% |
| Europe And Asia Pacific | $379M | $54M | 14.2% | 8.0% | +16.8% |
| Futures | $136M | $74M | 54.4% | 2.9% | -3.7% |
| Global FX | $94M | $46M | 49.0% | 2.0% | +17.4% |
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