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CHICAGO - Cboe Global Markets (NYSE:CBOE) reported better-than-expected first quarter results and raised its full-year 2025 revenue growth guidance on Friday.
Cboe shares edged down -0.2% in premarket trading following the earnings release.
The exchange operator posted adjusted earnings per share of $2.50, surpassing analyst estimates of $2.24. Revenue rose 13% year-over-year to $565.2 million, also topping expectations of $542.42 million.
Cboe saw strength across its business segments in Q1. Options net revenue jumped 15% to $352.4 million, driven by a 23% increase in total options average daily volume. North American Equities revenue grew 2% to $94.6 million, while Europe and Asia Pacific revenue surged 18% to $64.1 million.
"Following a record 2024, net revenue grew 13 percent, diluted EPS increased 21 percent and adjusted diluted EPS increased 16 percent year-over-year in the first quarter of 2025 as investors utilized Cboe’s product suite to help navigate dynamic macroeconomic and geopolitical conditions," said CEO Fredric Tomczyk.
Looking ahead, Cboe raised its 2025 organic total net revenue growth forecast to mid to high single digits, up from its previous outlook for mid single digit growth. The company reaffirmed its other full-year guidance targets.
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