Fri, Aug 2, 12:19 PM (88 days ago)
For the quarter ended June 30, 2024, Cboe Global Markets, Inc. reported total revenues of $974 million, up from $907.8 million in the same period last year. The Options segment led with $482.3 million, followed by North American Equities at $353.3 million. The company faced higher operating expenses of $303.7 million, primarily due to an $81 million impairment charge related to winding down the Cboe Digital spot market. Consequently, net income decreased to $140.4 million from $167.8 million. Basic earnings per share were $1.33, down from $1.58. Cash flow from operations was strong at $2.39 billion, with significant liquidity improvements due to increased margin deposits. The company also repurchased $90.4 million in common stock. Future operations will focus on transitioning digital asset futures to CFE and aligning Cboe Clear Digital with Cboe Clear Europe.