Cboe Global Markets is a publicly owned company headquartered in the US, founded in 1973 with approximately 1230 employees. The company owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.
Cboe Global Markets announced plans on May 2, 2026, to reduce its global workforce by 20% as part of a strategic realignment focusing on core businesses. This decision, impacting roughly one in five employees out of its global workforce of about 1,670, came as the company’s shares surged by as much as 9.6% to an all-time high of $328.77 following impressive financial results that beat market expectations. Earlier on May 2, Cboe reported a record net revenue of $729 million for the first quarter of 2026, marking a 29% year-over-year increase, driven by strong growth in its derivatives business, index options, and global FX revenue. Adjusted diluted earnings per share (EPS) increased by 48% year-over-year to a record $3.70. The company also raised its guidance to low double digits for the year, citing Data Vantage's broad-based growth and increased market data sales, and announced expected expense savings of $100 million to $120 million through strategic realignment, with $20 million to $25 million anticipated in 2026. Cboe further highlighted its focus on prediction markets and its competitive edge in the SPX complex.
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