Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,481	1,100	764.9	761.4	235	529
Depreciation & Amortization	106.9	112.2	122.7	149.6	159.6	160.1
Other Amortization	9.7	10.2	10.3	8.4	9.6	9.5
Loss (Gain) From Sale of Assets	-71.5	-	-	-	-	0.4
Asset Writedown & Restructuring Costs	26.5	46.7	81	-	460.9	-
Loss (Gain) From Sale of Investments	-5.1	-5.1	31.6	1.8	3.1	5.6
Loss (Gain) on Equity Investments	-47.1	-84.2	-26.5	-36.9	-4.2	0.4
Stock-Based Compensation	55.2	50.4	41.8	41.3	30.7	26.6
Provision & Write-off of Bad Debts	12.9	-	-	-	1.1	0.4
Other Operating Activities	91.3	-6.2	-22.3	-25.6	-160.6	-21.6
Change in Accounts Receivable	-91.7	79.4	-124.3	39.4	-49.8	12
Change in Accounts Payable	-286.7	6.5	-36.4	-19.1	38.8	45
Change in Unearned Revenue	6.1	0.5	0.5	-5.8	-4.1	4.9
Change in Income Taxes	-126.9	54.6	62.5	18.6	79.9	47.4
Change in Other Net Operating Assets	1,461	387.6	194.8	142.5	-148.9	-222.9
Operating Cash Flow	2,626	1,753	1,101	1,076	651.1	596.8
Operating Cash Flow Growth	280.52%	59.24%	2.32%	65.20%	9.10%	-59.09%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-96.4	-71	-60.9	-45	-59.8	-51
Sale of Property, Plant & Equipment	-	-	4	-	-	-
Cash Acquisitions	-	-	-	-	-708.3	-151.5
Sale (Purchase) of Intangibles	0.1	1.6	0.1	0.8	-	-
Investment in Securities	557.2	512.6	-87.9	-11.2	-67	-150.8
Other Investing Activities	7	7	2.9	0.3	-	0.6
Investing Cash Flow	467.9	450.2	-141.8	-55.1	-835.1	-352.7

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	-	-	-	663.6	110
Total Debt Issued	-	-	-	-	663.6	110
Long-Term Debt Repaid	-	-	-	-305	-220	-20
Total Debt Repaid	-	-	-	-305	-220	-20
Net Debt Issued (Repaid)	-	-	-	-305	443.6	90
Issuance of Common Stock	9.4	9.2	8.6	-	-	-
Repurchase of Common Stock	-164	-96.5	-234.3	-97.8	-109.8	-87.5
Common Dividends Paid	-317.5	-284.3	-249.4	-223.5	-209.4	-193.3
Other Financing Activities	-	-	-19.9	-29.8	-42.7	-9.5
Financing Cash Flow	-472.1	-371.6	-495	-656.1	81.7	-200.3

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-50.8	271.8	-95.1	52.8	-10	-9.1
Net Cash Flow	2,571	2,103	368.7	417.2	-112.3	34.7

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	2,530	1,682	1,040	1,031	591.3	545.8
Free Cash Flow Growth	311.12%	61.74%	0.88%	74.29%	8.34%	-61.33%
Free Cash Flow Margin	47.92%	35.67%	25.39%	27.31%	14.94%	15.62%
Free Cash Flow Per Share	24.10	16.00	9.86	9.70	5.54	5.09
Levered Free Cash Flow	848.63	1,266	725.08	616.01	847.25	625.25
Unlevered Free Cash Flow	881.69	1,298	757.26	655.01	882.35	653.05

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	102.8	91.7	100.1	56.7	51	42.1
Cash Income Tax Paid	864.4	391.6	362.4	286.4	271.1	209.8
Change in Working Capital	962.1	528.6	97.1	175.6	-84.1	-113.6

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 10, 2026

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