Cboe Global Markets Inc

CBOE: BATS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cboe: Increasing Our FVE to $250 From $220 on Higher Index Option Revenue and Margin Expansion

Michael Miller

Feb 9, 2026

Cboe delivered excellent results in 2025, as intense market activity and a more disciplined approach to operating costs drove a 25% increase in adjusted diluted earnings per share.

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Cboe Global Markets Inc

Cboe: Increasing Our FVE to $250 From $220 on Higher Index Option Revenue and Margin Expansion

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