Record Earnings Driven by Derivatives Growth in Cboe Global's Best Quarter Yet
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Record third quarter adjusted earnings with net revenue growth of 9% year-over-year driven by strength in derivatives business.
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Derivatives net revenue grew 15% organically with record volumes in index options like SPX and VIX.
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Data and Access Solutions revenue grew 9% organically with expanded global customer base.
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New CEO Fred Tomczyk's priorities are sharpening strategic focus, effective capital allocation, and talent development.
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Guidance raised for 2023 with organic net revenue growth expected at high end of 7-9% range and expenses lowered by $12 million.