Cboe Global Markets, Inc. today announced a strategic realignment of its business portfolio following a comprehensive review.
As a result of its business review, Cboe is initiating a sale process for Cboe Australia and Cboe Canada, exiting the US and European corporate listings and reducing costs associated with its US and European ETP listings businesses, Cboe Europe Derivatives and several of the smaller Risk and Market Analytics businesses.
Cboe determined that these decisions will better position the Company to accelerate its core business and act decisively on emerging opportunities that align with its strengths.
The company expects these actions to have a disproportionate impact on total organic net revenue growth in 20252 and adjusted operating expense guidance. The company estimates that the annualized impact of the execution rate of business review decisions – including the previously announced elimination of Cboe’s Japanese equity business – will result in an approximately 3% decrease in net income and an approximately 8-10% decrease in adjusted operating expenses, using the 2025 guidance ranges as a base.
“This strategic realignment of our business portfolio and human capital ensures that Cboe is well-positioned to succeed in a dynamic and evolving market and supports our long-term vision to be a global leader in derivatives. With strong momentum, as evidenced by our results this year, and a clear direction, we are confident in our ability to drive transformative growth and long-term shareholder value.” Executive Director.
“Our Australian and Canadian equities businesses have consistently performed well and have earned a reputation for innovation, reliability and customer service. We believe these businesses are well positioned for future growth under new ownership,” said Chris Isaacson, Cboe Global Markets Executive Vice President, Chief Operating Officer. “Cboe Australia and Cboe Canada have benefited greatly from a supportive regulatory environment and we are grateful to these regulators for encouraging competition. We will work closely with regulators and clients in both countries to ensure a successful transition.”