Cboe Global Markets Posts Net Revenue of $351 Million in Q2 2021
- Operating income jumped significantly in the second quarter of 2021.
Cboe Global Markets, a leading global market operator and trading solutions provider, released its financial results for Q2 of 2021 today. The operator saw net revenues of $351 million in the second quarter, which is up by approximately 18% compared to the same period in 2020.
According to the results, adjusted diluted EPS for the second quarter of 2021 stood at $1.38, compared to $1.31 in Q2 of 2020. Operating income for the latest quarter reached $190 million, compared to $161.7 million in Q2 of 2020.
During the second quarter of 2021, Cboe global markets returned $79 million to shareholders through share repurchases and dividends. The total operating expenses during the last quarter were $160.6 million.
Commenting on the latest results, Brian N. Schell, Cboe Global Markets Executive Vice President, Chief Financial Officer and Treasurer, said: “We are pleased to report another quarter of solid financial results and ongoing momentum in executing against our strategic priorities. Our strong cash flow generation allowed us to return nearly $79 million to shareholders through share repurchases and dividends in the second quarter while continuing to invest in the long-term growth of our business."
In June 2021, Cboe Global Markets saw a jump of 12.8% in Options average daily volume (ADV).
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Additionally, Cboe Global Markets highlighted the key benefits of the recent acquisition of Chi-X Asia Pacific. "In the second quarter, we achieved strong year-over-year revenue growth driven by robust trading in our proprietary index products and demand for our data and access solutions products. With the closing of our acquisition of Chi-X Asia Pacific on July 1, we further solidified our strategic vision of building one of the world's largest global derivatives and securities networks. With the addition of Chi-X to the Cboe network, we are eager to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term our strong ecosystem of proprietary index products and data and access solutions to reach an expanding global network of customers," Edward T. Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer, commented.
Cboe Global Markets, a leading global market operator and trading solutions provider, released its financial results for Q2 of 2021 today. The operator saw net revenues of $351 million in the second quarter, which is up by approximately 18% compared to the same period in 2020.
According to the results, adjusted diluted EPS for the second quarter of 2021 stood at $1.38, compared to $1.31 in Q2 of 2020. Operating income for the latest quarter reached $190 million, compared to $161.7 million in Q2 of 2020.
During the second quarter of 2021, Cboe global markets returned $79 million to shareholders through share repurchases and dividends. The total operating expenses during the last quarter were $160.6 million.
Commenting on the latest results, Brian N. Schell, Cboe Global Markets Executive Vice President, Chief Financial Officer and Treasurer, said: “We are pleased to report another quarter of solid financial results and ongoing momentum in executing against our strategic priorities. Our strong cash flow generation allowed us to return nearly $79 million to shareholders through share repurchases and dividends in the second quarter while continuing to invest in the long-term growth of our business."
In June 2021, Cboe Global Markets saw a jump of 12.8% in Options average daily volume (ADV).
Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of Chi-X Asia Pacific
Additionally, Cboe Global Markets highlighted the key benefits of the recent acquisition of Chi-X Asia Pacific. "In the second quarter, we achieved strong year-over-year revenue growth driven by robust trading in our proprietary index products and demand for our data and access solutions products. With the closing of our acquisition of Chi-X Asia Pacific on July 1, we further solidified our strategic vision of building one of the world's largest global derivatives and securities networks. With the addition of Chi-X to the Cboe network, we are eager to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term our strong ecosystem of proprietary index products and data and access solutions to reach an expanding global network of customers," Edward T. Tilly, Cboe Global Markets Chairman, President and Chief Executive Officer, commented.