Cboe Global Markets (CBOE) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 57.3%
EBITDA Margin: 42.0%
Op. Margin: 39.7%
Net Margin: 30.3%

Op. margin of 39.7% is up 10.1% YoY — cost efficiency is improving. Net margin at 30.3% and gross margin of 57.3% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit