CBOE (CBOE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended December 2025, CBOE Global (CBOE) reported revenue of $671.1 million, up 28% over the same period last year. EPS came in at $3.06, compared to $2.10 in the year-ago quarter.The reported revenue represents a surprise of +1.75% over the Zacks Consensus Estimate of $659.59 million. With the consensus EPS estimate being $2.93, the EPS surprise was +4.52%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how CBOE performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Average Revenue Per Contract by Product - Futures: $1.72 versus the six-analyst average estimate of $1.76.Average Daily Volume by Product - Options - Multi-listed options: 13.97 million versus the six-analyst average estimate of 13.91 million.Average Daily Volume by Product - Options: 19.42 million compared to the 19.28 million average estimate based on six analysts.Average Revenue Per Contract by Product - Options - Index options: $0.94 compared to the $0.94 average estimate based on six analysts.Revenues- Market data fees- Total: $82.7 million versus $83.78 million estimated by five analysts on average.Revenues- Access and capacity fees- Total: $105.8 million versus the five-analyst average estimate of $104.65 million.Revenues- Net transaction and clearing fees: $513.7 million versus $495.09 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +35.7% change.Revenues- Other revenue- Total: $23.1 million versus $23.62 million estimated by three analysts on average.Total revenues less cost of revenues- Derivatives markets: $386 million compared to the $382.98 million average estimate based on two analysts. The reported number represents a change of +38% year over year.Revenues- Net transaction and clearing fees- Options: $394.4 million compared to the $393.99 million average estimate based on two analysts. The reported number represents a change of +39.9% year over year.Revenues- Net transaction and clearing fees- Europe and APAC: $37.9 million versus the two-analyst average estimate of $33.18 million. The reported number represents a year-over-year change of +33.5%.Revenues- Net transaction and clearing fees- Futures: $26.3 million compared to the $26.27 million average estimate based on two analysts. The reported number represents a change of +13.4% year over year.View all Key Company Metrics for CBOE here>>>Shares of CBOE have returned +5.7% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cboe Global Markets, Inc. (CBOE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks