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    Is Cboe’s New Mixed Shelf and 2026 Dividend Altering The Investment Case For Cboe Global Markets (CBOE)?

    • Cboe Global Markets recently filed an omnibus mixed shelf registration covering common and preferred stock, debt securities, warrants, subscription rights, depositary shares, purchase contracts and units, and earlier this month its board declared a first-quarter 2026 cash dividend of US$0.72 per share, payable on March 13 to holders of record on February 27.

    • By securing broad financing flexibility while affirming its regular dividend, Cboe signals both capacity to fund future initiatives and commitment to ongoing shareholder cash returns.

    • Next, we’ll examine how Cboe’s new mixed shelf registration could influence its existing investment narrative around growth, diversification and risk.

    We’ve uncovered the 15 dividend fortresses yielding 5%+ that don’t just survive market storms, but thrive in them.

    To own Cboe Global Markets, you need to believe in the durability of its derivatives and data franchises and their role at the center of electronic trading. The new mixed shelf registration mostly adds optional flexibility, while the biggest near term swing factor remains how Cboe manages intensifying competition in U.S. options, and the key risk is still any disruption to its core index licensing relationships.

    The Q4 2025 earnings beat, with US$1,204 million in quarterly revenue and US$313.5 million in net income, is the recent development that most frames this shelf filing. Strong recent performance, combined with scalable technology and expanding product hours, sets the backdrop against which any future capital raising or balance sheet decisions could either support or complicate the existing growth and diversification story.

    Yet alongside these strengths, investors also need to be aware of concentrated exposure to its flagship S&P index options franchise and what could happen if…

    Read the full narrative on Cboe Global Markets (it’s free!)

    Cboe Global Markets’ narrative projects $2.6 billion revenue and $1.1 billion earnings by 2028. This assumes revenue will decline by 16.9% per year and implies an earnings increase of about $200 million from $896.3 million today.

    Uncover how Cboe Global Markets’ forecasts yield a $282.08 fair value, in line with its current price.

    CBOE 1-Year Stock Price Chart
    CBOE 1-Year Stock Price Chart

    Seven members of the Simply Wall St Community value Cboe between US$41.96 and US$282.08, underscoring how far opinions can diverge. Set this against the concentration risk in its S&P index options franchise and you can see why it pays to review multiple viewpoints before deciding what Cboe’s future might look like.

    Explore 7 other fair value estimates on Cboe Global Markets – why the stock might be worth as much as $282.08!

    Don’t just follow the ticker – dig into the data and build a conviction that’s truly your own.

    • A great starting point for your Cboe Global Markets research is our analysis highlighting 2 key rewards that could impact your investment decision.

    • Our free Cboe Global Markets research report provides a comprehensive fundamental analysis summarized in a single visual – the Snowflake – making it easy to evaluate Cboe Global Markets’ overall financial health at a glance.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

    Companies discussed in this article include CBOE.

    Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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