What You Need To Know Ahead of Cboe Global Markets' Earnings Release

With a market cap of $31.4 billion, Cboe Global Markets, Inc. (CBOE) is a leading global markets operator with a rich history of innovation in equity derivatives. Known for pioneering products, Cboe operates derivatives, equities, and FX markets worldwide, providing innovative trading, clearing, and investment solutions to help customers manage risk and access opportunities.

The Chicago, Illinois-based company is set to release its fiscal Q3 2026 results before the market opens on Friday, Oct. 30. Ahead of this event, analysts expect the company to report an adjusted EPS of $3.41, an increase of 27.7% from $2.67 in the prior year's quarter. It has surpassed Wall Street's bottom-line estimates in each of the past four quarters.

For fiscal 2026, analysts forecast the holding company to post adjusted EPS of $13.90, a 30.3% surge from $10.67 in fiscal 2025. 

Shares of Cboe Global Markets have increased 25.9% over the past 52 weeks, outpacing the S&P 500 Index's ($SPX) 16.2% gain and the State Street Financial Select Sector SPDR ETF's (XLF) 3.1% rise over the period. 

Cboe Global Markets shares rose 4.6% on Jul. 31 after the company reported stronger-than-expected Q2 2026 results, with adjusted EPS reaching $3.56, up from $2.46 a year earlier, and total net revenue surged 25% to a record $731.6 million. The results were driven by heightened market volatility linked to the U.S.-Israeli war on Iran and shifting sentiment around AI investments, which boosted options trading activity, lifting options-trading net revenue 30% to $473.9 million and total average daily trading volumes 26%; U.S. options exchanges also recorded a single-day record of 33.4 million contracts on June 5. 

Investor sentiment was further supported by Cboe raising its full-year organic net revenue growth outlook to the mid-to-high teens from its previous low-double-digit-to-mid-teens forecast, alongside increased retail participation.

Analysts' consensus view on CBOE stock is cautious, with a "Hold" rating overall. Among 19 analysts covering the stock, five recommend "Strong Buy," 12 suggest "Hold," and two indicate “Strong Sell.” This configuration is more bullish than three months ago, with three analysts suggesting a "Strong Buy." 

The average analyst price target of $316.19 is a premium of 5.2% to current levels.