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Will Cboe Global Pull Off a Surprise This Earnings Season?
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Key Takeaways
CBOE may see Q1 growth from higher transaction fees, index options volumes and strong derivatives activity.
Data Vantage and access fees may benefit from rising customer demand.
Proprietary products, VIX activity, and share buybacks may support Q1 performance.
Cboe Global Markets, Inc. (CBOE - Free Report) is expected to register an improvement in both top and bottom lines when it reports first-quarter 2026 results on May 1, before the opening bell.
The Zacks Consensus Estimate for CBOE’s first-quarter revenues is pegged at $688.37 million, indicating 21.8% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $3.26 per share. The Zacks Consensus Estimate for CBOE’s first-quarter earnings has moved up 10.5% in the past 30 days. The estimate suggests a year-over-year increase of 30.4%.
What the Zacks Model Unveils for CBOE
Our proven model predicts an earnings beat for Cboe Global this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) that increases the chances of an earnings beat.
Earnings ESP: Cboe Global has an Earnings ESP of +3.42%. This is because the Most Accurate Estimate of $3.38 is pegged higher than the Zacks Consensus Estimate of $3.26. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CBOE flaunts a Zacks Rank #1 at present.
Factors Likely to Shape Q1 Results of CBOE
Solid index options growth, higher transaction and clearing fees, access and capacity fees, market data fees, and regulatory fees are likely to have aided the first-quarter performance of CBOE.
An increase in derivatives markets revenues, driven by a rise in transaction and clearing fees as a result of improved volumes traded on the Cboe options exchanges, is expected to have favored the company’s top line in the first quarter.
Cboe Data Vantage revenues are likely to have benefited from increases in access and capacity fees and proprietary market data fees. An increase in transaction and clearing fees is expected to have favored Cash and Spot Markets. The upside is likely to be partially offset by a decrease in regulatory fees. An increase in transaction and clearing fees is likely to have benefited the Derivatives business. The upside is likely to be partially offset by a decrease in regulatory fees.
Access and capacity fees are likely to have been aided by increased logical and physical port fees in the Options, North American Equities, and Europe and Asia Pacific segments, driven by increased customer demand.
Proprietary market data fees are expected to have been aided by increases in proprietary market data fees in the Options, Europe, Asia Pacific, and North American Equities segments, driven by increased customer demand.
An increase in net transaction and clearing fees, driven by a rise in index options ADV, and a jump in multi-listed options ADV is likely to have favored Options’ performance in the to-be-reported quarter. The upside is likely to be partially offset by an increase in royalty fees due to a rise in the trading volumes of licensed products.
Net transaction and clearing fees are likely to have benefited from a rise in Cboe European equities matched by ADNV, Global FX ADNV, and Cboe Clear Europe net settlement volumes.
Cboe Global is likely to have benefited from strong proprietary products, VIX futures, VIX and SPX options. Also, the company expects to witness solid growth in multi-listed options trading.
Continued share buybacks are expected to have aided the bottom line in the to-be-reported quarter.
Other Stocks to Consider
Here are some other insurance stocks you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat:
Palomar Holdings, Inc. (PLMR - Free Report) has an Earnings ESP of +0.04% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $2.17, indicating a year-over-year increase of 16%. You can see the complete list of today’s Zacks #1 Rank stocks here.
PLMR’s earnings beat estimates in each of the last four reported quarters.
Skyward Specialty Insurance Group, Inc. (SKWD - Free Report) has an Earnings ESP of +0.48% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $1.05, indicating a year-over-year increase of 16.6%.
SKWD’s earnings beat estimates in each of the last four reported quarters.
Assurant, Inc. (AIZ - Free Report) has an Earnings ESP of +3.01% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $5.40, indicating a year-over-year increase of 59.2%.
AIZ’s earnings beat estimates in each of the last four reported quarters.
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Will Cboe Global Pull Off a Surprise This Earnings Season?
Key Takeaways
Cboe Global Markets, Inc. (CBOE - Free Report) is expected to register an improvement in both top and bottom lines when it reports first-quarter 2026 results on May 1, before the opening bell.
The Zacks Consensus Estimate for CBOE’s first-quarter revenues is pegged at $688.37 million, indicating 21.8% growth from the year-ago reported figure.
The consensus estimate for earnings is pegged at $3.26 per share. The Zacks Consensus Estimate for CBOE’s first-quarter earnings has moved up 10.5% in the past 30 days. The estimate suggests a year-over-year increase of 30.4%.
What the Zacks Model Unveils for CBOE
Our proven model predicts an earnings beat for Cboe Global this time around. This is because the stock has the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) that increases the chances of an earnings beat.
Earnings ESP: Cboe Global has an Earnings ESP of +3.42%. This is because the Most Accurate Estimate of $3.38 is pegged higher than the Zacks Consensus Estimate of $3.26. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Cboe Global Markets, Inc. Price and EPS Surprise
Cboe Global Markets, Inc. price-eps-surprise | Cboe Global Markets, Inc. Quote
Zacks Rank: CBOE flaunts a Zacks Rank #1 at present.
Factors Likely to Shape Q1 Results of CBOE
Solid index options growth, higher transaction and clearing fees, access and capacity fees, market data fees, and regulatory fees are likely to have aided the first-quarter performance of CBOE.
An increase in derivatives markets revenues, driven by a rise in transaction and clearing fees as a result of improved volumes traded on the Cboe options exchanges, is expected to have favored the company’s top line in the first quarter.
Cboe Data Vantage revenues are likely to have benefited from increases in access and capacity fees and proprietary market data fees.
An increase in transaction and clearing fees is expected to have favored Cash and Spot Markets. The upside is likely to be partially offset by a decrease in regulatory fees. An increase in transaction and clearing fees is likely to have benefited the Derivatives business. The upside is likely to be partially offset by a decrease in regulatory fees.
Access and capacity fees are likely to have been aided by increased logical and physical port fees in the Options, North American Equities, and Europe and Asia Pacific segments, driven by increased customer demand.
Proprietary market data fees are expected to have been aided by increases in proprietary market data fees in the Options, Europe, Asia Pacific, and North American Equities segments, driven by increased customer demand.
An increase in net transaction and clearing fees, driven by a rise in index options ADV, and a jump in multi-listed options ADV is likely to have favored Options’ performance in the to-be-reported quarter. The upside is likely to be partially offset by an increase in royalty fees due to a rise in the trading volumes of licensed products.
Net transaction and clearing fees are likely to have benefited from a rise in Cboe European equities matched by ADNV, Global FX ADNV, and Cboe Clear Europe net settlement volumes.
Cboe Global is likely to have benefited from strong proprietary products, VIX futures, VIX and SPX options. Also, the company expects to witness solid growth in multi-listed options trading.
Continued share buybacks are expected to have aided the bottom line in the to-be-reported quarter.
Other Stocks to Consider
Here are some other insurance stocks you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat:
Palomar Holdings, Inc. (PLMR - Free Report) has an Earnings ESP of +0.04% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $2.17, indicating a year-over-year increase of 16%. You can see the complete list of today’s Zacks #1 Rank stocks here.
PLMR’s earnings beat estimates in each of the last four reported quarters.
Skyward Specialty Insurance Group, Inc. (SKWD - Free Report) has an Earnings ESP of +0.48% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $1.05, indicating a year-over-year increase of 16.6%.
SKWD’s earnings beat estimates in each of the last four reported quarters.
Assurant, Inc. (AIZ - Free Report) has an Earnings ESP of +3.01% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for first-quarter 2026 earnings is pegged at $5.40, indicating a year-over-year increase of 59.2%.
AIZ’s earnings beat estimates in each of the last four reported quarters.