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Cboe Global Markets Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cboe Global Markets and similar public comparables like B3 Bolsa do Brasil, Singapore Exchange, Euronext, BSE India and more.
Cboe Global Markets Overview
About Cboe Global Markets
Founded in 1973, Cboe controls the largest option exchange in the US, which provides around 60% of the firm's revenue. The company is best known for its proprietary S&P 500 and VIX index options, which it offers through an exclusive contract with S&P Global. The firm moved into US and European equities through the $3.4 billion acquisition of BATS in 2017. Cboe has continued to look to expand internationally, using acquisitions to build a presence in both Canada and Australia.
Founded
2006
HQ
Employees
1.7K
Website
Sectors
Financials (LTM)
EV
$31B
Cboe Global Markets Financials
Cboe Global Markets reported last 12-month revenue of $3B and EBITDA of $2B.
In the same LTM period, Cboe Global Markets generated $149M in gross profit, $2B in EBITDA, and $1B in net income.
Revenue (LTM)
Cboe Global Markets P&L
In the most recent fiscal year, Cboe Global Markets reported revenue of $5B and EBITDA of $2B.
Cboe Global Markets expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $149M | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | 6% | XXX | 41% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 68% | XXX | 37% | XXX | XXX | XXX |
| EBIT Margin | 66% | XXX | 34% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 47% | XXX | 24% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cboe Global Markets Stock Performance
Cboe Global Markets has current market cap of $31B, and enterprise value of $31B.
Market Cap Evolution
Cboe Global Markets' stock price is $300.30.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $31B | $31B | 1.5% | XXX | XXX | XXX | $10.71 |
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Start Free TrialCboe Global Markets Valuation Multiples
Cboe Global Markets trades at 12.3x EV/Revenue multiple, and 18.0x EV/EBITDA.
EV / Revenue (LTM)
Cboe Global Markets Financial Valuation Multiples
As of April 14, 2026, Cboe Global Markets has market cap of $31B and EV of $31B.
Equity research analysts estimate Cboe Global Markets' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cboe Global Markets has a P/E ratio of 27.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $31B | XXX | $31B | XXX | XXX | XXX |
| EV (current) | $31B | XXX | $31B | XXX | XXX | XXX |
| EV/Revenue | 12.3x | XXX | 6.5x | XXX | XXX | XXX |
| EV/EBITDA | 18.0x | XXX | 17.7x | XXX | XXX | XXX |
| EV/EBIT | 18.7x | XXX | 19.3x | XXX | XXX | XXX |
| EV/Gross Profit | 206.4x | XXX | 16.0x | XXX | XXX | XXX |
| P/E | 27.0x | XXX | 28.0x | XXX | XXX | XXX |
| EV/FCF | 28.0x | XXX | 18.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cboe Global Markets Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Cboe Global Markets Margins & Growth Rates
Cboe Global Markets' revenue in the last 12 month grew by 9%.
Cboe Global Markets' revenue per employee in the last FY averaged $2.8M, while opex per employee averaged $0.5M for the same period.
Cboe Global Markets' rule of 40 is 26% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cboe Global Markets' rule of X is (39%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cboe Global Markets Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | (43%) | XXX | XXX | XXX |
| EBITDA Margin | 68% | XXX | 37% | XXX | XXX | XXX |
| EBITDA Growth | 9% | XXX | 6% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 26% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (39%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $2.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 4% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | 34% | XXX | 18% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cboe Global Markets Public Comps
See public comps and valuation multiples for other Stock Exchanges comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cboe Global Markets | XXX | XXX | XXX | XXX | XXX | XXX |
| B3 Bolsa do Brasil | XXX | XXX | XXX | XXX | XXX | XXX |
| Singapore Exchange | XXX | XXX | XXX | XXX | XXX | XXX |
| Euronext | XXX | XXX | XXX | XXX | XXX | XXX |
| BSE India | XXX | XXX | XXX | XXX | XXX | XXX |
| Nasdaq | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cboe Global Markets M&A Activity
Cboe Global Markets acquired XXX companies to date.
Last acquisition by Cboe Global Markets was on XXXXXXXX, XXXXX. Cboe Global Markets acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cboe Global Markets
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCboe Global Markets Investment Activity
Cboe Global Markets invested in XXX companies to date.
Cboe Global Markets made its latest investment on XXXXXXXX, XXXXX. Cboe Global Markets invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cboe Global Markets
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cboe Global Markets
| When was Cboe Global Markets founded? | Cboe Global Markets was founded in 2006. |
| Where is Cboe Global Markets headquartered? | Cboe Global Markets is headquartered in United States. |
| How many employees does Cboe Global Markets have? | As of today, Cboe Global Markets has over 1K employees. |
| Who is the CEO of Cboe Global Markets? | Cboe Global Markets' CEO is Craig S. Donohue. |
| Is Cboe Global Markets publicly listed? | Yes, Cboe Global Markets is a public company listed on BATS Global Markets. |
| What is the stock symbol of Cboe Global Markets? | Cboe Global Markets trades under CBOE ticker. |
| When did Cboe Global Markets go public? | Cboe Global Markets went public in 2010. |
| Who are competitors of Cboe Global Markets? | Cboe Global Markets main competitors are B3 Bolsa do Brasil, Singapore Exchange, Euronext, BSE India. |
| What is the current market cap of Cboe Global Markets? | Cboe Global Markets' current market cap is $31B. |
| What is the current revenue of Cboe Global Markets? | Cboe Global Markets' last 12 months revenue is $3B. |
| What is the current revenue growth of Cboe Global Markets? | Cboe Global Markets revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Cboe Global Markets? | Current revenue multiple of Cboe Global Markets is 12.3x. |
| Is Cboe Global Markets profitable? | Yes, Cboe Global Markets is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cboe Global Markets? | Cboe Global Markets' last 12 months EBITDA is $2B. |
| What is Cboe Global Markets' EBITDA margin? | Cboe Global Markets' last 12 months EBITDA margin is 68%. |
| What is the current EV/EBITDA multiple of Cboe Global Markets? | Current EBITDA multiple of Cboe Global Markets is 18.0x. |
| What is the current FCF of Cboe Global Markets? | Cboe Global Markets' last 12 months FCF is $1B. |
| What is Cboe Global Markets' FCF margin? | Cboe Global Markets' last 12 months FCF margin is 44%. |
| What is the current EV/FCF multiple of Cboe Global Markets? | Current FCF multiple of Cboe Global Markets is 28.0x. |
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