Cboe Global Markets (CBOE) FY2023 results: revenue $3.8 billion, down 4.7% on the year
Cboe Global Markets, Inc. (CBOE) reported revenue of $3.8 billion for fiscal 2023, the year ended 31 December 2023, down 4.7% on the year before. Net income was $761 million, up 225.2%, and diluted earnings per share $7.13. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2024.
Revenue
$3.8 billion
-4.7% on the year
FY2016FY2023
Operating margin
28.0%
12.4% a year earlier
FY2016FY2023
Net income
$761 million
+225.2% on the year
FY2016FY2023
Diluted EPS
$7.13
+225.6% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,076
651
597
+65.2%
Capital expenditure
45.0
59.8
51.0
-24.7%
Free cash flow
1,031
591
546
+74.3%
Free cash flow margin
27.3%
14.9%
15.6%
Cash from investing
-55.1
-835
-353
Cash from financing
-656
81.7
-200
Depreciation and amortisation
158
167
167
-5.3%
Share-based compensation
41.3
30.7
26.6
+34.5%
Buybacks
83.9
101
81.3
-16.8%
Dividends paid
224
209
193
+6.7%
Dividend per share
$2.10
$1.96
$1.80
+7.1%
Diluted shares, weighted
106m
107m
107m
-0.5%
Shares outstanding at period end
106m
106m
107m
-0.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
3,985
3,465
3,605
+15.0%
Debt
1,439
1,742
1,299
-17.4%
Operating lease liabilities
151
129
129
+16.6%
Other liabilities
1,912
1,662
1,781
+15.1%
Total liabilities and equity
7,488
6,999
6,814
+7.0%
Fixed assets
109
108
105
+0.9%
Goodwill
3,141
3,123
3,025
+0.6%
Intangible assets
1,562
1,663
1,669
-6.1%
Investments
57.5
91.7
37.1
-37.3%
Cash and equivalents
543
433
342
+25.5%
Receivables
337
370
327
-8.8%
Other assets
1,738
1,211
1,309
+43.5%
Total assets
7,488
6,999
6,814
+7.0%
10-K for the year ended 31 December 2023, filed 16 February 2024: the filing.