Cboe Global Markets Inc. (NYSE:CBOE) reported its financial results for the fourth quarter and full year of 2023, showcasing significant growth in several key financial metrics. Some of the standout figures from the report include a substantial increase in diluted earnings per share (EPS), adjusted diluted EPS and net revenue for both the quarter and the full year. The biggest takeaway is the company reported record full-year revenue and earnings, while providing promising targets for 2024.
Financial Highlights
Quarterly Performance: Diluted EPS for the fourth quarter rose by 33% year-on-year (y-o-y) to $1.98, with adjusted diluted EPS also increasing by 14% to $2.06. Net revenue for the quarter reached a record $499 million, marking a 9% annual increase.
Annual Performance: For the full year, diluted EPS saw an impressive 226% y-o-y increase to $7.13, with adjusted diluted EPS up by 13% to $7.80. The company’s annual net revenue also hit a record at $1.9 billion, up 10% from the previous year.
Leadership Insights
Cboe’s leaders, CEO Fredric Tomczyk and CFO Jill Griebenow, reflected positively on the company’s 2023’s performance. Tomczyk highlighted the company’s revenue growth, particularly from its derivatives and data and access solutions, largely attributing success to market trends and strategic efforts. He also outlined ambitions to leverage Cboe’s technological and global strengths for further …
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