InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$314.98

2026-10-16

Market Cap

$32.9B

Volume

1.2M

52-Wk High

$371.18

52-Wk Low

$227.15

Trailing PE

24.5

P/S

6.50

Gross Margin

52.3%

Net Margin

26.7%

ROE

26%

ROIC

17%

Piotroski

5/9

Altman Z

5.8

1-Yr Return

+33.9%

5-Yr Return

+189.2%

Cboe Global Markets, Inc. functions as a global operator of various financial exchanges, primarily renowned for its options trading platforms, all managed through its numerous subsidiaries. The company organizes its expansive business activities into five distinct segments. The Options segment specializes in the trading of listed market indices. Its North American Equities division facilitates transactions for listed stocks in the United States and Canada, also offering services for exchange-traded products (ETPs), encompassing both trading and listing. The Futures segment is dedicated to futures trading. The Europe and Asia Pacific division delivers a broad range of services, including transactions for pan-European listed equities and derivatives, ETPs, exchange-traded commodities, and international depository receipts, along with ETP listing and clearing provisions. Finally, the Global FX segment serves institutional foreign exchange trading and non-deliverable forward FX transactions. Cboe Global Markets has established important strategic partnerships with key players such as S&P Dow Jones Indices, LLC; FTSE International Limited; Frank Russell Company; MSCI Inc.; and DJI Opco, LLC. The company, which originated in Chicago, Illinois, in 1973, previously operated as CBOE Holdings, Inc. until its rebranding in October 2017.

SectorFinancial ServicesIndustryFinancial - Data & Stock ExchangesExchangeCBOEMarket Cap$32.9BEmployees1,661 (SEC-filed)CEOCraig Steven DonohueIPO2010-06-15CountryUS

433 West Van Buren Street, Chicago, IL 60607 · Tel 312 786 5600 · cboe.com

INSIDERSTREET SCORE50 / 100Street mean $326.31 (13 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALROUTINE SELLING — LOW SIGNAL$1M sold / 6 mo, zero open-market buys

1 Year vs S&P 500 · CBOE +33.9% · S&P 500 +15.9% · spread +18.0pp

7 Years vs S&P 500 · CBOE +189.2% · S&P 500 +189.9% · spread -0.7pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE50of 100

Score Breakdown

Profitability	88/100
Growth	68/100
Momentum	55/100
Quality	67/100
Earnings Quality	29/100
Balance Sheet	85/100
Value	54/100
Risk (safety)	100/100
Overall	50.5/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
MSCI	74
COIN	34
NDAQ	64
TRU	69
MCO	79
ICE	59
CBOE	50

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 80 in 25 Q3, latest 50 — -30 since. Dropped below the 55 line in 26 Q2, at 50. Fell in 3 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY50 / 100IS Score 50.5 / 100 · -29.8 from peak of 80

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 86 / 100 · Power +71 · 20 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit above the midpoint — business quality at 50 and price structure at 86 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 50.5	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 80 → 78 → 71 → 50	the direction matters more than the level
Technical vote share back above 50%	now 91%	price structure no longer broken

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Site Convergence Score1 of 4top 66% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)0none disclosed

ETF Funds (30d)1131 up / 897 downnet +234 funds

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Tomczyk Fredric J	director	2026-10-12	EXERCISE	14,818	$4.41M	50,449
Tomczyk Fredric J	director	2026-10-12	TAX W/H	14,818	$4.41M	35,631
Tomczyk Fredric J	director	2026-10-12	EXERCISE	14,818	—	0
Fischer Heidi	EVP, Equities and Spot Markets	2026-08-19	A-Award	1,781	—	1,781
Fischer Heidi	EVP, Equities and Spot Markets	2026-08-19	A-Award	1,119	—	1,119
Duinstra Boudewijn	EVP, CHIEF RISK OFFICER	2026-08-19	A-Award	1,335	—	1,335
Duinstra Boudewijn	EVP, CHIEF RISK OFFICER	2026-08-19	A-Award	1,069	—	1,069
Froetscher Janet P	director	2026-08-12	SELL	937	$0.26M	12,870

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	2	2,160	$0.7M	Counted
M — Exercises (paired A/D)	1	14,818	—	None — mechanics
F — Tax withholding	2	15,155	$4.5M	None — compensation
P — Open-market purchases	0	0	$0	Counted — none occurred

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalRoutine Selling — Low Signal

Open-Market Sells$0.7M2 txns / 6 mo

Open-Market Buys$0.0M0 txns / 6 mo

ClusterNone active3+ insiders / 21 days

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Filed	Filer	Shares registered	Est. proceeds
2026-08-12	Froetscher Janet P	937	$0.3M
2026-05-18	Froetscher Janet P	1,223	$0.4M
2026-02-23	Wilkinson Allen	248	$0.1M
2026-02-18	Fitzpatrick Edward J.	3,947	$1.1M
Trailing 12 mo	9 filings	19,631	$5M

Filed	Form	Reporting person	% of class	Shares
2026-05-18	SCHEDULE 13G/A	AllianceBernstein L.P.	4.80%	5.1M sh
2026-04-29	SCHEDULE 13G	Vanguard Portfolio Management	5.02%	5.3M sh
2026-04-29	SCHEDULE 13G	Vanguard Capital Management	7.48%	7.8M sh
2026-03-26	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

Member	Chamber	Trade	Size band	Traded	Disclosed
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2025-12-19	2026-01-13
Gilbert Cisneros	House	SELL	$1,001 - $15,000	2025-12-19	2026-01-12
Gilbert Ray Cisneros	House	SELL	$1,001 - $15,000	2025-12-18	2026-01-12
John Boozman	Senate	SELL	$1,001 - $15,000	2026-07-31	2026-08-17
John Boozman	Senate	SELL	$1,001 - $15,000	2026-07-31	2026-08-17
John Boozman	Senate	SELL	$1,001 - $15,000	2026-07-31	2026-08-16

House 12-Mo6 trades3 purchases

Senate 12-Mo3 trades0 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,374

13F Shares91M86.9% of shares out

New / Closed83 / 562positions, QoQ

Increased / Reduced372 / 307positions, QoQ

Put/Call (13F)0.80option positions

Free Float99.7%104M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Wealth Enhancement Advisory Servic	120,606	$35M
Fjarde Ap-Fonden /Fourth Swedish N	101,518	$28M
Burney Co/	60,947	$17M
Y-Intercept	35,406	$10M
Gouws Capital Llc	31,050	$9M
Mn Services Vermogensbeheer B.V.	30,539	$8M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$913M
VSMPX	0.0%	$913M
VTSAX	0.0%	$913M
VTI	0.0%	$913M
VFINX	0.0%	$755M
VFIAX	0.0%	$755M

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13F Filers Holding CBOE — quarterly

Institutional Put/Call — quarterly

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session42.5%2026-10-15

20-Day Avg48.4%50-day 44.5%

TrendRising20d vs 50d

By Market CenterQ: 42% · N: 45% · B: 65%latest session

No tier-1 ATS records for CBOE in the FINRA dark-pool feed — off-exchange activity in this name runs through tier-2 venues below the reporting threshold.

Where a dollar of Cboe Global Markets, Inc. revenue goes. All values FY2025 filings, live.

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CBOE (live moat model)Peer median: MSCI · COIN · NDAQ · TRU · MCO

Component scores from the live moat model. Peer median illustrative.

Moat score 46/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Craig Steven Donohue	Chief Executive Officer, President & Director
Frederic J. Tomczyk	Director
Christopher Andrew Isaacson	Advisor
Scott L. Johnston	Executive Vice President & Chief Operating Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

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Quarterly EPS — Actual vs. Consensus

Beats (>2%)5 of 6recent quarters

Avg Surprise+5.0%

Next Report2026-10-30

Income Quality0.08OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

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Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+2.0%	+13.3%	-4.7%	+8.5%	+15.1%
Gross profit	+17.7%	+18.0%	+10.1%	+8.1%	+11.3%
Operating income	+21.7%	-39.2%	+116.1%	+3.8%	+37.8%
Net income	+13.0%	-55.6%	+224.0%	+0.5%	+43.8%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	3.5	4.0	3.8	4.1	4.7
Cost of revenue	2.0	2.2	1.9	2.0	2.4
Gross profit	1.5	1.7	1.9	2.1	2.3
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.4	0.5	0.6	0.6	0.1
Operating income	0.8	0.5	1.1	1.1	1.5
EBITDA	1.0	0.7	1.3	1.3	1.6
D&A	0.2	0.2	0.2	0.1	0.1
Pretax income	0.8	0.4	1.0	1.1	1.6
Income tax	0.2	0.2	0.3	0.3	0.5
Net income	0.5	0.2	0.8	0.8	1.1
Diluted EPS ($)	4.92	2.20	7.13	7.21	10.42
Diluted shares (M)	107	107	106	106	105

Operating CF$1B

CapEx$0B

Free cash flow$1B

SBC$0B

Buybacks$0B

Net cash change$0B

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Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.4	0.5	0.9	2.2
ST investments	0.1	0.1	0.1	0.0
Receivables (net)	0.4	0.4	0.5	0.4
Total current assets	1.6	2.0	2.5	4.4
PP&E (net)	0.2	0.2	0.2	0.2
Goodwill + intangibles	4.8	4.7	4.5	4.4
Total assets	7.0	7.5	7.8	9.3
Accounts payable	0.0	0.0	0.0	0.7
Short-term debt	0.3	0.0	0.0	0.0
Deferred revenue	0.0	0.0	0.0	0.0
Total current liabilities	1.5	1.4	1.4	2.4
Long-term debt	1.4	1.4	1.4	1.6
Total liabilities	3.5	3.5	3.5	4.2
Shareholders' equity	3.5	4.0	4.3	5.1

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.2	0.8	0.8	1.1
D&A	0.2	0.2	0.1	0.1
Stock-based compensation	0.0	0.0	0.0	0.0
Working capital change	0.1	(0.1)	0.0	0.0
Operating cash flow	0.9	0.8	1.0	1.2
Capital expenditures	(0.1)	(0.0)	(0.1)	(0.1)
Investing cash flow	(0.8)	(0.1)	(0.1)	0.5
Buybacks	(0.1)	(0.1)	(0.2)	(0.1)
Dividends paid	(0.2)	(0.2)	(0.2)	(0.3)
Debt issuance / (repay)	0.4	(0.3)	0.0	0.0
Financing cash flow	0.1	(0.7)	(0.5)	(0.4)
Free cash flow	0.8	0.7	1.0	1.2

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	15.2%	6.6%	20.4%	18.5%	23.4%	26%
ROA	7.9%	3.4%	10.5%	10.0%	12.9%	12.8%
ROIC	12.1%	5.5%	15.4%	16.0%	22.9%	17.0%
Gross margin	42.2%	44.0%	50.8%	50.6%	48.9%	52.3%
Operating margin	23.1%	12.4%	28.0%	26.8%	32.1%	35.2%
Net margin	15.1%	5.9%	20.2%	18.7%	23.3%	26.7%
EBITDA margin	27.8%	16.7%	33.6%	31.0%	34.7%	40.4%
FCF margin	15.6%	20.4%	19.8%	23.5%	24.4%	—
VALUATION
P/E	25.08	54.98	24.26	26.54	23.96	24.5
P/B	3.67	3.71	4.63	4.74	5.13	5.9
P/S	3.78	3.25	4.89	4.96	5.59	6.50
P/FCF	24.23	15.91	24.69	21.06	22.88	1481.7
EV/EBITDA	14.69	21.54	15.36	16.45	14.81	15.7
EV/Revenue	4.08	3.59	5.16	5.10	5.47	6.4
Earnings yield	4.0%	1.8%	4.1%	3.8%	4.2%	4.10%
FCF yield	4.1%	6.3%	4.1%	4.7%	4.4%	0.07%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	1.31	1.05	1.43	1.78	1.87	1.57
Quick ratio	1.31	1.05	1.43	1.78	1.87	1.57
Debt / equity	0.40	0.54	0.40	0.37	0.33	0.28
Debt / assets	21.0%	26.7%	21.5%	20.5%	18.1%	14.7%
Net debt / EBITDA	1.08	2.04	0.80	0.45	-0.33	-0.35
Interest coverage	16.75	8.21	17.79	22.04	30.95	—

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Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.52	0.57	0.52	0.54	0.55	0.48
Receivables turnover	10.52	11.36	10.67	10.47	11.28	7.8
DSO (days)	35	32	34	35	32	47
DPO (days)	4	4	5	4	56	59
Cash conversion cycle	30	28	29	31	-23	-12
GROWTH (YoY)
Revenue growth	2.0%	13.3%	-4.7%	8.5%	15.1%	—
Net income growth	12.9%	-55.6%	225.4%	0.5%	43.8%	—
EPS growth	13.9%	-55.4%	227.2%	1.2%	43.9%	—
FCF growth	-61.3%	48.2%	-7.5%	28.8%	19.5%	—
PER SHARE ($)
EPS (diluted, TTM)	4.92	2.20	7.19	7.28	10.48	12.92
Book value / share	33.66	32.54	37.63	40.72	48.94	53.73
Revenue / share	32.63	37.17	35.63	38.96	44.90	48.34
FCF / share	5.10	7.59	7.06	9.17	10.97	0.21
Cash / share	3.54	4.92	5.67	9.81	21.45	22.83
SHAREHOLDER RETURN & SCORES
Buyback yield	0.7%	0.9%	0.6%	1.1%	0.4%	0.32%
Altman Z-Score	3.88	3.43	4.72	5.15	5.67	5.8
Piotroski F-Score	7	6	8	7	9	5/9
Beneish M-Score	-2.70	-2.80	-2.61	-2.37	-2.70	-1.69

Model	Score	Zone	Note
Piotroski F-Score	5 / 9	Middling
Altman Z-Score	5.8	Safe (>2.99)	Safe
Income quality	0.08	Accrual-heavy	OCF ÷ net income
Beneish M-Score	-1.69	Elevated	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.72
Interest burden	0.98
Operating margin	38.1%
Asset turnover	0.51×
Financial leverage	1.91×
= ROE	26%

Growth Quality (live)	Value
Revenue stability	0.85
Earnings stability	0.84
Earnings persistence	0.50
Revenue CAGR 3y	9.1%
EPS CAGR 3y	28.1%
FCF CAGR 3y	-69.2%

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Buyback Yield0.32%

Dividend Yield0.96%

Total Shareholder Return1.41%cash yield

SBC / Revenue0.6%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
MSCI	$41.4B	31.3	-76%	39.4%	+11.6%	8/9	+7.0%
COIN	$45.7B	-46.9	-8%	-29.5%	-21.0%	4/9	-47.6%
NDAQ	$52.5B	27.1	17%	20.0%	+7.3%	7/9	+7.2%
TRU	$14.2B	19.3	18%	19.3%	+12.4%	8/9	-5.3%
MCO	$84.0B	30.7	80%	40.2%	+11.7%	7/9	—
ICE	$90.7B	22.7	14%	35.9%	-0.6%	8/9	—
FDS	$10.7B	20.6	25%	19.1%	+6.7%	5/9	—
CME	$105.7B	24.8	16%	61.1%	+5.1%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Buy

31 Analysts

Str Sell (0)Sell (3)Hold (13)Buy (13)Str Buy (2)

Mean Target (qtr)$326.3113 targets

Target vs. Price+3.6%last-quarter mean

Next Report2026-10-30street $3.42

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$2.88B	$2.93B / $2.81B	$14.06	$14.38 / $12.93	9
FY2027	$3.01B	$3.27B / $2.73B	$15.09	$16.44 / $12.55	9
FY2028	$3.23B	$3.38B / $2.88B	$16.66	$17.98 / $14.09	4

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$320.71	+1.8%	7
Last Quarter	$326.31	+3.6%	13
Last Year	$311.48	-1.1%	42
All Time	$256.87	-18.4%	82

Rolling mean of published targets vs. last close $314.98. Aggregated from StreetInsider, Benzinga, Investing.

Third-Party Composite Rating

A-

DCF

4/5

ROE

5/5

ROA

5/5

Debt/Eq

3/5

P/E

2/5

P/B

1/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

CBOE +33.9% vs S&P 500 +15.9% — spread +18.0pp

Sector — XLF +7.2%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$281.01	+33.97	+12.09%	Above
SMA 50	$287.60	+27.38	+9.52%	Above
SMA 200	$289.01	+25.97	+8.99%	Above
EMA 9	$297.98	+17.00	+5.71%	Above
EMA 21	$288.98	+26.00	+9.00%	Above
EMA 50	$286.46	+28.52	+9.96%	Above
EMA 200	$281.70	+33.28	+11.81%	Above

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +7120 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%89

Momentum 25%100

Volume 20%81

Volatility 10%100

Patterns 15%50

This Week91% bullishof 11 price-based votes

4 Weeks Ago9%+82 pts since

12 Weeks Ago91%+0 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$281.01

Price vs SMA 50$287.60

Price vs SMA 200$289.01

EMA 9/21 Cross298.0/289.0

SMA 50/200Death

ADX DirectionADX 24

Supertrend$277

Parabolic SAR$281

SMA Slope2.110

RSI66.9

Stochastic K/D92/83

StochRSI K/D94/87

Williams %R-1

CCI149

TSI vs Signal15.8

CMO33.8

ROC16.17%

OBV SignalAccum

Chaikin MF-0.080

MFI80

Force Index5M

Elder Ray Bull26.58

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 83

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$306.41 / $311.83 / $315.56	S1 / S2	$302.68 / $297.26
Bollinger (20,2)	$246.87 – $315.16	Squeeze	Off
52-wk range	$227.15 – $370.40	Off 52-wk high	-14.9%
ATR (14)	$11.42 (3.6%)	Historical vol	39.5%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+2.3%Jan62%

+2.7%Feb62%

-0.3%Mar56%

-0.2%Apr40%

+1.5%May60%

+1.9%Jun62%

+0.5%Jul62%

+1.9%Aug81%

-0.7%Sep44%

+4.2%Oct69%

+4.0%Nov69%

-1.3%Dec31%

Sample: 16 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	CBOE	S&P 500
Weekly volatility (σ, 1y)	5.26%	1.83%
Best / worst week (1y)	+11.2% / -15.6%	—
Max drawdown (5y, monthly)	-34.9%	—
1-week VaR (95%)	-9.3%	—
Beta (5y)	0.41	1.00

CBOE EQUITY WEATHER (LIVE)PARTLY CLOUDY · +25

Trend+43

Momentum+69

Volume+29

Volatility-60

Breadth-23

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 212 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+24.6+26.9 vs industry

Trend+42.9+22.0 vs industry

Momentum+68.7+59.7 vs industry

Volume+28.9+14.1 vs industry

Reading	CBOE	Financial - Data & Stock Exchanges n=92	Financial Services n=24,134	All US symbols n=70,435
Overall	+24.6	-2.4	-16.3	-20.5
Trend	+42.9	+20.9	-12.5	-21.3
Momentum	+68.7	+9.0	-4.4	-15.8
Volume	+28.9	+14.8	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Craig S. Donohue Chief Executive Officer and	$18.3M	94% equity+incentive
Fredric J. Tomczyk Former Chief Executive Of	$11.7M	93% equity+incentive
David Howson Former Executive Vice President	$6.0M	91% equity+incentive
Christopher A. Isaacson Executive Vice Presi	$5.3M	84% equity+incentive
Jill M. Griebenow Executive Vice President,	$4.5M	86% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	73
Social	65
Governance	68
Composite ESG	69

Composite ESG Trend

Filed	8-K contents	Items
2026-09-29	Material Agreement; Regulation FD; Exhibits	1.01,7.01,9.01
2026-07-31	Earnings Release; Exhibits	2.02,9.01
2026-07-28	Material Agreement; Financial Obligation; Exhibits	1.01,2.03,9.01
2026-06-26	Material Agreement; Financial Obligation; Exhibits	1.01,2.03,9.01
2026-05-18	Shareholder Vote	5.07
2026-05-01	Earnings Release; Exit/Disposal Costs; Exhibits	2.02,2.05,9.01
2026-02-06	Results of Operations and Financial Condition; Financial Statements an	2.02,9.01
2026-01-26	Departure/Election of Directors; Appointment of Officers; Other Events	5.02,8.01,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-30 to 2026-07-31
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	45 rows · 2014 to 2025
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-05-14 to 2026-10-12
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-03-26 to 2026-05-18
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	not present for this symbol
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Cboe Global Markets, Inc. (CBOE)

Monthly Net Insider Flow (000 shares)

Signal Summary

Cboe Global Markets, Inc. (CBOE)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

Cboe Global Markets, Inc. (CBOE)

13F Filers Holding CBOE — quarterly

Institutional Put/Call — quarterly

Cboe Global Markets, Inc. (CBOE)

3.8 · Employees (SEC filings)

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Balance Sheet — Full

Cash Flow Statement — Full

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Street Price Target — Trajectory

Third-Party Composite Rating

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Family Scores (site weights)

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)

Cboe Global Markets, Inc. (CBOE)