Cboe Global Markets, Inc.

CBOECBOEFinancial Services● Active

$279.15

$-2.77(-0.98%)

Market Cap$29.2B

P/E Ratio—

52W High$371.18

52W Low$218.14

Avg Volume1.0M

Open$280.33

Beta0.40

Free Cash Flow Financials Revenue

Cboe Global Markets, Inc. (CBOE) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CBOE · free cash flow · updated Jun 8, 2026

Core FCF metrics

CBOE · FCF · TTM · margin & CAGR

Free cash flow was $1.15B for FY2025 (fiscal year ending 2025-12-31), up 19.7% year-over-year The FCF margin was 24.5%. Five-year CAGR stands at -4.0%.

FY2025 Free Cash Flow$1.15B▲ +19.7% YoY

Trailing 12M (TTM)$975.4Mtrailing 4 quarters sum

FCF Margin24.5%$1.15B ÷ revenue

3-Year CAGR+12.6%FY2022 → FY2025

5-Year CAGR-4.0%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CBOE · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$1.22B(71M)$1.15B▲ +19.7%24.5%

FY2024$1.02B(61M)$963.7M▲ +28.8%23.5%

FY2023$793.0M(45M)$748.0M▼ 7.5%19.8%

FY2022$868.6M(60M)$808.8M▲ +48.2%20.4%

FY2021$596.8M(51M)$545.8M▼ 61.3%15.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CBOE · P/FCF · FCF yield · FCF per share

Cboe Global Markets, Inc. (CBOE) trades at a FCF yield of 3.37% and a price-to-free-cash-flow ratio of 30.0x. FCF per share stands at $9.32, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.37%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$9.32

TTM FCF ÷ Shares Outstanding

Price / FCF

x30.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x29.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CBOE · cash flow statement · operating / investing / financing

For FY2025, Cboe Global Markets, Inc. generated $1.22B in operating cash flow and spent 71M in capital expenditures, yielding $1.15B in free cash flow.

Operating Activities

+$1.22B

Cash from core business operations

2025-12-31

Investing Activities

+$450.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$371.6M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($1.22B) − |CapEx| (71M) = FCF ($1.15B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

CBOE vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Cboe Global Markets, Inc.YOU

CBOE

$1.15B+19.7%24.5%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Cboe Global Markets, Inc. (CBOE) reported free cash flow of $1.15B for FY2025 (fiscal year ending 2025-12-31), up 19.7% year-over-year. The FCF margin was 24.5%.

Based on available data, Cboe Global Markets, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $1.41B in FY2020. The 5-year CAGR stands at -4.0%.

Cboe Global Markets, Inc.'s FCF yield is 3.37% and price-to-FCF ratio is 30.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CBOE free cash flow · 8 questions

Cboe Global Markets, Inc. free cash flow was $1.15B for FY2025, up 19.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $975.4M.

CBOE free cash flowCBOE FCFCBOE FCF 2025CBOE free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Cboe Global Markets, Inc. · Cboe Global Markets, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026