Cboe(US:CBOE) ZACKS·2025-10-27 15:45Core Insights - Cboe Global Markets, Inc. (CBOE) is anticipated to show improvements in both revenue and earnings for the third quarter of 2025, with results expected to be reported on October 31 [1][2] Revenue Expectations - The Zacks Consensus Estimate for CBOE's third-quarter revenues is $579.03 million, reflecting an 8.8% increase from the previous year [1] - Market data revenues are estimated at $79.5 million, while access and capacity fees are projected to be $100.1 million [8] Earnings Projections - The consensus estimate for earnings is $2.46 per share, indicating a year-over-year increase of 10.8% [2] - The Earnings ESP for CBOE stands at +3.11%, with the Most Accurate Estimate at $2.53 per share [4] Factors Influencing Performance - Growth in index options, higher transaction and clearing fees, and increased market data and regulatory fees are expected to positively impact CBOE's performance [5][10] - Strong new subscriptions and unit sales in Cboe Data Vantage, along with pricing changes and brand investments, are likely to contribute to revenue growth [7] Market Dynamics - Increased trading volumes in Cboe options, U.S. equities, and European equities are anticipated to drive higher revenues in cash and spot markets [6] - The derivatives business is expected to benefit from rising transaction and clearing fees, alongside a growth in index options ADV [11][12] Additional Insights - Continued share buybacks are projected to support the bottom line for CBOE in the upcoming quarter [12]