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# Cboe Stock Soars 8%, Adding $2.5 Billion, After Raising Revenue Outlook And Trimming Expenses
- URL: https://www.bullished.co/cboe-stock-soars-8-adding-2-5-billion-after-raising-revenue-outlook-and-trimming-expenses-25487ad1/
- Published: 2026-10-30T16:43:57.000Z
- Updated: 2026-10-30T16:43:57.000Z
- Description: The exchange operator also lifted its Data Vantage target and added $550 million to its buyback authorization.
- Author: Matteo Parrino
- Tags: Markets, CBOE, Industry: Financials

[Cboe Global Markets](https://www.bullished.co/tag/cboe/), which runs the largest US options exchange, saw its shares climb 7.58% to $338.07 in Friday trading as of 12:41 p.m. ET, adding $2.5 billion in market value. The move followed [third-quarter results](https://ir.cboe.com/news/news-details/2026/Cboe-Global-Markets-Reports-Results-for-Third-Quarter-2026/default.aspx?ref=bullished.co) that brought record quarterly profit, a higher 2026 revenue growth target and a lower expense forecast.

## Revenue up, cost forecast down

[Net revenue rose 18%](https://ir.cboe.com/news/news-details/2026/Cboe-Global-Markets-Reports-Results-for-Third-Quarter-2026/default.aspx?ref=bullished.co) to $712.2 million, with record trading in zero-days-to-expiration options helping lift index options volume 24%. Net income for the quarter was [$428.2 million](https://www.sec.gov/Archives/edgar/data/1374310/000162828026068447/cboe-20260930.htm?ref=bullished.co).

Guidance now calls for higher 2026 organic revenue growth. The expense outlook was trimmed, with the new range topping out at $845 million.

Cboe also raised its Data Vantage growth target to the mid teens from the low teens. The buyback authorization grew by $550 million.

## An options franchise pushing outward

Cboe runs exchanges for trading, clearing and market data across North America, Europe and Asia Pacific, covering equities, derivatives and foreign exchange. Its U.S. operations include [four options exchanges](https://finance.yahoo.com/markets/stocks/articles/heres-key-metrics-tell-us-133001394.html?.tsrc=rss&ref=bullished.co), four equities exchanges and CFE, the futures venue known for VIX futures, plus SPX options on the S&P 500.

The company said it extended its exclusive S&P license through 2051, covering the SPX and VIX franchises. It also received SEC approvals to list and clear company-KPI event contracts.

## A run that was already underway

The stock entered Friday up 20% over the previous month and about 25% year to date as of Thursday's close. Friday's gain put it on pace for its biggest one-day rise since May 1, when it climbed 9.0%.

Cboe anticipates launching its company-KPI event contracts in November as part of its Cboe Predicts offering.

### Sources

- [Cboe Global Markets, Inc. - Cboe Global Markets Reports Results for Third Quarter 2026](https://ir.cboe.com/news/news-details/2026/Cboe-Global-Markets-Reports-Results-for-Third-Quarter-2026/default.aspx?ref=bullished.co) — ir.cboe.com
- [Cboe trades higher as derivatives revenue helps Q3 earnings; 2026 revenue guidance raised (CBOE:BATS) | Seeking Alpha](https://seekingalpha.com/news/4661368-cboe-trades-higher-as-derivatives-revenue-helps-q3-earnings-2026-revenue-guidance-raised?ref=bullished.co) — seekingalpha.com
- [Cboe Lifts Outlook as 3Q Profit, Revenue Rise](https://www.marketwatch.com/story/cboe-lifts-outlook-as-3q-profit-revenue-rise-57297689?ref=bullished.co) — MarketWatch
- [Cboe Global Markets Non-GAAP EPS of $3.63 beats by $0.20, revenue of $712.2M beats by $6 | Seeking Alpha](https://seekingalpha.com/news/4661335-cboe-global-markets-non-gaap-eps-of-363-beats-by-020-revenue-of-7122m-beats-by-626m-raises-fy-guidance?ref=bullished.co) — seekingalpha.com
- [Here's What Key Metrics Tell Us About CBOE (CBOE) Q3 Earnings](https://finance.yahoo.com/markets/stocks/articles/heres-key-metrics-tell-us-133001394.html?.tsrc=rss&ref=bullished.co) — Yahoo Finance
- [The company's filing (Cboe Global Markets)](https://www.sec.gov/Archives/edgar/data/0001374310/000162828026068432/cboe-20261030.htm?ref=bullished.co) — SEC filing
- [Cboe Global Markets — Form 10-Q for the quarter ended 2026-09-30 (quarterly results)](https://www.sec.gov/Archives/edgar/data/1374310/000162828026068447/cboe-20260930.htm?ref=bullished.co) — SEC EDGAR

### More on Cboe Global Markets

- [Cboe Lifts 2026 Revenue Growth Target To 'High Teens' And Cuts Expense Guidance](https://www.bullished.co/cboe-lifts-2026-revenue-growth-target-to-high-teens-and-cuts-expense-guidance-c1a5f2e9/)

[All Cboe Global Markets (CBOE) coverage →](https://www.bullished.co/tag/cboe/)