CBOE Stock Soars on Q4 Beat; 0DTE Options Surge Up
Cboe Global Markets’ strong Q4 and full-year 2025 results, driven by a surge in options trading—particularly zero-days-to-expiration (0DTE) activity—lifted the stock to a 52-week high. Revenue and adjusted EPS topped expectations, derivatives revenue climbed sharply, and management issued mid-single-digit organic growth guidance for 2026. Strategic moves including extended Russell 2000 options hours and a tightened geographic focus reinforce a derivatives-first thesis for investors.