Cboe Global Markets Q3 2026: Record 0DTE Volume Drives a 23% Options Revenue Surge

As seen on the 24/7 Wall St. homepage on October 30, 2026.

CBOE Cboe Global Markets
Q3 2026
EPS
$3.63
est $3.43 +5.7%
Revenue
$1.36B
est $706M +92.5%

Record zero-days-to-expiration activity pushed options net revenue up 23%, and management raised full-year organic net revenue growth guidance to the high teens. The S&P license behind SPX and VIX runs through 2051.

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Cboe's adjusted EPS of $3.63 beat expectations, its fifth straight quarter clearing Wall Street's bar.

Derivatives carried the quarter: options net revenue rose 23% to $469.5 million on record zero-days-to-expiration activity. The shift toward index products lifted revenue per contract 9%.

Management raised full-year organic net revenue growth guidance to the high teens from mid to high teens, and trimmed the adjusted operating expense range to $830 million to $845 million.

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Cboe extended its exclusive S&P license for SPX and VIX products through 2051, removing a long-standing competitive uncertainty around its most valuable franchises. The Cboe Australia sale to TMX Group closed July 31, and a Cboe Canada divestiture remains in progress.

Cboe received SEC approval to list and clear company-KPI event contracts under its Cboe Predicts platform, with a launch anticipated in November. The board added $550 million to its share repurchase authorization in late October.

Mentioned: CBOE