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CBOE Stock Rises 58.1% in a Year: A Signal for Investors to Hold Tight?
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Key Takeaways
CBOE targets low double-digit Data Vantage revenue growth, aided by market data and access fees.
Product expansion, acquisitions and global reach continue to diversify revenues and support growth.
Strong cash flow supports a 15th straight dividend hike and ongoing share repurchases despite higher costs.
Cboe Global Markets, Inc. (CBOE - Free Report) shares have gained 58.1% in the past year against the industry's decline of 7.2%. The stock has outperformed the Finance sector’s return of 11% and the Zacks S&P 500 composite’s appreciation of 30.3% in the past year.
Cboe Global has outperformed its peers, including Intercontinental Exchange Inc. (ICE - Free Report) , CME Group Inc. (CME - Free Report) , and Nasdaq, Inc. (NDAQ - Free Report) . Shares of CME and NDAQ have gained 2.9%, 11.6%, respectively, while shares of ICE have lost 13.2% in the past year.
Image Source: Zacks Investment Research
With a market capitalization of $37.77 billion, the average volume of shares traded in the last three months was 0.9 million. CBOE has a solid track record of beating earnings estimates in each of the last four quarters, delivering an average surprise of 5.35%.
CBOE Trading Above 50-Day and 200-Day Moving Averages
Shares of Cboe Global closed at $360.92 on Thursday and are trading above the 50-day and 200-day simple moving averages (SMA) of $309.34 and $268.82, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
Image Source: Zacks Investment Research
CBOE’s Growth Projection Encourages
The Zacks Consensus Estimate for Cboe Global’s 2026 earnings per share indicates a year-over-year increase of 23.6%. The consensus estimate for revenues is pegged at $2.73 billion, implying a year-over-year improvement of 12.5%.
The consensus estimate for 2027 earnings per share and revenues indicates an increase of 3.8% and 2.5%, respectively, from the corresponding 2026 estimates.
Earnings have grown 14.7% in the past five years, better than the industry average of 10.6%. The expected long-term earnings growth rate is 16.8%, outperforming the industry average of 12.1%.
Optimist Analyst Sentiment on CBOE
Eight of the 10 analysts covering the stock have raised estimates for 2026 and 2027 over the past 30 days. Thus, the Zacks Consensus Estimate for 2026 and 2027 earnings has moved up 7.2% and 6.1%, respectively, in the past 30 days.
Factors Impacting CBOE
Cboe Global’s organic strength lies in a diversified business mix that ensures uninterrupted revenue generation and recurring non-transaction revenues.
CBOE remains on track to grow its recurring non-transaction revenues. Increases in access and capacity fees and proprietary market data fees are likely to boost Data Vantage’s net revenues. Management lifted its 2026 Data Vantage organic net revenue growth target to low double-digit and continues to emphasize product development and global distribution. The company expects increased capabilities around data, access, and insights, and anticipates growth will be aided by greater demand for access across global markets, with the increase of sales presence in new geographies.
The company achieved a greater global breadth of services and products, as well as new distribution channels, apart from generating revenues and cost synergies through strategic buyouts.
Banking on operational expertise, the company has been strengthening its balance sheet by improving its cash position and lowering its debt balance. Its leverage ratio, as well as the times interest earned, compares favorably with the industry average.
CBOE’s strategic investments are well supported by solid capital management. However, higher expenses remain a major concern. Cboe Global has been facing intense competition due to increased market consolidation that tends to reduce market share, and this includes both product and price competition.
The company’s investment in European, Canadian and Asia Pacific operations remains exposed to volatility in currency exchange rates through translation of net assets or equity to U.S. dollars. The company is also exposed to credit risk from third parties, including customers, counterparties and clearing agents.
Conclusion
Cboe Global’s growth strategy of expanding its product line across asset classes, broadening geographic reach, diversifying the business mix with recurring revenues, and leveraging technology reflects its operational expertise.
Its wealth distribution remains impressive. CBOE hiked the dividend by 14% in August 2025 to 72 cents per share, marking the 15th consecutive year of dividend hike. As of March 31, 2026, it had $569.4 million remaining under existing share repurchase authorizations, providing room to offset dilution and support per-share earnings as consensus EPS steps higher in 2026 and 2027. The company remains well-positioned to invest in business, support dividends and opportunistically repurchase shares given continued strong free cash flow generation.
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CBOE Stock Rises 58.1% in a Year: A Signal for Investors to Hold Tight?
Key Takeaways
Cboe Global Markets, Inc. (CBOE - Free Report) shares have gained 58.1% in the past year against the industry's decline of 7.2%. The stock has outperformed the Finance sector’s return of 11% and the Zacks S&P 500 composite’s appreciation of 30.3% in the past year.
Cboe Global has outperformed its peers, including Intercontinental Exchange Inc. (ICE - Free Report) , CME Group Inc. (CME - Free Report) , and Nasdaq, Inc. (NDAQ - Free Report) . Shares of CME and NDAQ have gained 2.9%, 11.6%, respectively, while shares of ICE have lost 13.2% in the past year.
Image Source: Zacks Investment Research
With a market capitalization of $37.77 billion, the average volume of shares traded in the last three months was 0.9 million. CBOE has a solid track record of beating earnings estimates in each of the last four quarters, delivering an average surprise of 5.35%.
CBOE Trading Above 50-Day and 200-Day Moving Averages
Shares of Cboe Global closed at $360.92 on Thursday and are trading above the 50-day and 200-day simple moving averages (SMA) of $309.34 and $268.82, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
Image Source: Zacks Investment Research
CBOE’s Growth Projection Encourages
The Zacks Consensus Estimate for Cboe Global’s 2026 earnings per share indicates a year-over-year increase of 23.6%. The consensus estimate for revenues is pegged at $2.73 billion, implying a year-over-year improvement of 12.5%.
The consensus estimate for 2027 earnings per share and revenues indicates an increase of 3.8% and 2.5%, respectively, from the corresponding 2026 estimates.
Earnings have grown 14.7% in the past five years, better than the industry average of 10.6%. The expected long-term earnings growth rate is 16.8%, outperforming the industry average of 12.1%.
Optimist Analyst Sentiment on CBOE
Eight of the 10 analysts covering the stock have raised estimates for 2026 and 2027 over the past 30 days. Thus, the Zacks Consensus Estimate for 2026 and 2027 earnings has moved up 7.2% and 6.1%, respectively, in the past 30 days.
Factors Impacting CBOE
Cboe Global’s organic strength lies in a diversified business mix that ensures uninterrupted revenue generation and recurring non-transaction revenues.
CBOE remains on track to grow its recurring non-transaction revenues. Increases in access and capacity fees and proprietary market data fees are likely to boost Data Vantage’s net revenues. Management lifted its 2026 Data Vantage organic net revenue growth target to low double-digit and continues to emphasize product development and global distribution. The company expects increased capabilities around data, access, and insights, and anticipates growth will be aided by greater demand for access across global markets, with the increase of sales presence in new geographies.
The company achieved a greater global breadth of services and products, as well as new distribution channels, apart from generating revenues and cost synergies through strategic buyouts.
Banking on operational expertise, the company has been strengthening its balance sheet by improving its cash position and lowering its debt balance. Its leverage ratio, as well as the times interest earned, compares favorably with the industry average.
CBOE’s strategic investments are well supported by solid capital management. However, higher expenses remain a major concern.
Cboe Global has been facing intense competition due to increased market consolidation that tends to reduce market share, and this includes both product and price competition.
The company’s investment in European, Canadian and Asia Pacific operations remains exposed to volatility in currency exchange rates through translation of net assets or equity to U.S. dollars. The company is also exposed to credit risk from third parties, including customers, counterparties and clearing agents.
Conclusion
Cboe Global’s growth strategy of expanding its product line across asset classes, broadening geographic reach, diversifying the business mix with recurring revenues, and leveraging technology reflects its operational expertise.
Its wealth distribution remains impressive. CBOE hiked the dividend by 14% in August 2025 to 72 cents per share, marking the 15th consecutive year of dividend hike. As of March 31, 2026, it had $569.4 million remaining under existing share repurchase authorizations, providing room to offset dilution and support per-share earnings as consensus EPS steps higher in 2026 and 2027. The company remains well-positioned to invest in business, support dividends and opportunistically repurchase shares given continued strong free cash flow generation.
Coupled with optimistic analyst sentiment and favorable growth estimates, the time appears right for potential investors to bet on this Zacks Rank #3 (Hold) insurer. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.