Fri, May 2, 12:20 PM (17 days ago)
### Summary of Cboe Global Markets, Inc. (CBOE) Q1 2025 Financial Performance **Revenue and Profit Margins:** - **Total Revenue:** $1,195.0 million, up 25% YoY. - **Net Income:** $250.6 million, up 20% YoY. - **Earnings per Share (EPS):** $2.38, up 21% YoY. - **Operating Income:** $353.9 million, up 25% YoY. - **Operating Margin:** 62.6%, up from 56.2% YoY. **Cash Flow:** - **Net Cash Provided by Operating Activities:** $912.9 million. - **Net Cash Used in Investing Activities:** $19.7 million. - **Net Cash Used in Financing Activities:** $114.5 million. **Segment Performance:** - **Options:** Revenue up 15%, operating income up 19%. - **North American Equities:** Revenue up 2%, operating income up 17%. - **Europe and Asia Pacific:** Revenue up 18%, operating income up 116%. - **Futures:** Revenue up 8%, operating income down 7%. - **Global FX:** Revenue up 16%, operating income up 56%. **Trends and Uncertainties:** - **Positive Trends:** Increased volumes in options, U.S. equities, and European equities exchanges. - **Uncertainties:** Regulatory changes, market volatility, and potential impacts from legal proceedings. **Future Operations Impact:** - **Strategic Initiatives:** Continued focus on derivatives, technology, and product innovation. - **Financial Health:** Strong liquidity and capital resources, with $1.5 billion available to fund operations and strategic acquisitions. **Conclusion:** Cboe Global Markets, Inc. demonstrated robust financial health and performance in Q1 2025, with significant growth in revenue, net income, and earnings per share. The company's strategic initiatives and strong liquidity position it well for future operations and potential acquisitions. However, regulatory changes and market volatility remain key uncertainties.