Cboe Global Markets, Inc. - Form 8-K Filing

Cboe Global Markets, Inc. reported its financial results for the first quarter ended March 31, 2026, with record diluted EPS of $3.66, up 54 percent, and record adjusted diluted EPS of $3.70, up 48 percent. Net revenue reached a record $728.9 million, a 29 percent increase year-over-year. The company raised its 2026 organic total net revenue growth target to 'low double-digit to mid-teens' and its Cboe Data Vantage organic net revenue growth target to 'low double-digit'. Additionally, Cboe announced further strategic realignment actions, including workforce reductions of approximately 20% and expected pre-tax restructuring charges of $36 million to $46 million, aiming for annualized pre-tax cost savings of $40 million to $50 million. These actions are part of a broader effort to sharpen strategic focus and allocate resources more effectively, with anticipated annualized pre-tax cost savings of $40 million to $50 million. The company also reduced its 2026 adjusted operating expense guidance to $838-$853 million. The company reported strong performance across its segments, with notable growth in Options, North American Equities, and Global FX.