Item 2.02 - Results of Operations and Financial Condition: Cboe Global Markets, Inc. reported its financial results for the quarter ended December 31, 2025 on February 6, 2026 Press Release Attached: The company's earnings press release dated February 6, 2026 is included as Exhibit 99.1 and incorporated by reference into the filing Non-Filed Status: The information disclosed under Item 2.02,…

Our analysis rates this filing BULLISH. This earnings release presents a materially positive picture with record financial results and strong operational performance. The company achieved significant EPS growth (45-60%) that outpaced revenue growth (17-28%), indicating robust margin expansion and…

Concern level: MODERATE (2.1/10). Key factors: 2026 guidance shows significant deceleration to mid single-digit organic revenue growth from 17% full year 2025, representing normalization after exceptional year; CEO references 'strategic realignment' and 'focused growth strategy' without detailed disclosure of specific changes or associated costs; Guidance deceleration could signal market…

Notable risk changes: Record financial performance: Q4 2025 diluted EPS of $2.97 (up 60%), full year EPS of $10.42 (up 45%); Strong revenue growth: Q4 net revenue of $671.1M (up 28%), full year net revenue of $2.4B (up 17%); Conservative 2026 guidance: Organic total net revenue growth target of 'mid single-digit' and adjusted operating expense guidance of $864-$879M, indicating moderation from 2025 exceptional…

Multiple record earnings and revenue metrics achieved in Q4 and full year 2025; Diluted EPS growth of 60% in Q4 significantly outpaced revenue growth of 28%, indicating strong operational leverage and margin expansion.

The model predicts CBOE will outperform the S&P 500 by about 0.0% over 30 days (model confidence 50%). This is model analysis for research, not investment advice.