Invesaro

Stocks Comparison

BGC vs Cboe Global Markets: revenue, profit, margins and growth compared

BGC brought in $2.9B of revenue in fiscal 2025, Cboe Global Markets $4.7B in fiscal 2025. Revenue changed by +30.0% at BGC and +15.1% at Cboe Global Markets on the year before, so BGC grew faster. BGC kept 5.3% of its revenue as net profit, Cboe Global Markets 23.3%. Free cash flow was $372.9M at BGC and $1.7B at Cboe Global Markets.

Side by side, latest fiscal year

BGCCBOE
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$2.9B$4.7B
Revenue growth+30.0%+15.1%
Net income$155M$1.1B
Net margin5.3%23.3%
Free cash flow$372.9M$1.7B
Free cash flow margin12.7%35.7%
Earnings per share (diluted)$0.31$10.42
Cash$851.5M$2.2B
Debt$1.5B$1.4B
Price to earnings38.230.6
Market value$5.6B$35.7B
Dividend yield0.68%0.85%
Rank by revenue in sector#133 of 542 · Finance#109 of 542 · Finance

Over the years

Revenue
BGC FY2018: $1.9BBGC FY2019: $2.1BBGC FY2020: $2.1BBGC FY2021: $2BBGC FY2022: $1.8BBGC FY2023: $2BBGC FY2024: $2.3BBGC FY2025: $2.9BCBOE FY2018: $2.8BCBOE FY2019: $2.5BCBOE FY2020: $3.4BCBOE FY2021: $3.5BCBOE FY2022: $4BCBOE FY2023: $3.8BCBOE FY2024: $4.1BCBOE FY2025: $4.7BFY18FY19FY20FY21FY22FY23FY24FY25
BGC $2.9BCBOE $4.7B
Net income
BGC FY2018: $202.2MBGC FY2019: $43.9MBGC FY2020: $50.9MBGC FY2021: $153.5MBGC FY2022: $58.9MBGC FY2023: $38.8MBGC FY2024: $123.2MBGC FY2025: $155MCBOE FY2018: $426.5MCBOE FY2019: $374.9MCBOE FY2020: $468.2MCBOE FY2021: $529MCBOE FY2022: $234.1MCBOE FY2023: $761.4MCBOE FY2024: $764.9MCBOE FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
BGC $155MCBOE $1.1B
Net margin
BGC FY2018: 10.4%BGC FY2019: 2.1%BGC FY2020: 2.5%BGC FY2021: 7.6%BGC FY2022: 3.3%BGC FY2023: 1.9%BGC FY2024: 5.4%BGC FY2025: 5.3%CBOE FY2018: 15.4%CBOE FY2019: 15.0%CBOE FY2020: 13.7%CBOE FY2021: 15.1%CBOE FY2022: 5.9%CBOE FY2023: 20.2%CBOE FY2024: 18.7%CBOE FY2025: 23.3%FY18FY19FY20FY21FY22FY23FY24FY25
BGC 5.3%CBOE 23.3%
Revenue growth
BGC FY2019: +8.6%BGC FY2020: -2.3%BGC FY2021: -2.0%BGC FY2022: -10.9%BGC FY2023: +12.8%BGC FY2024: +11.7%BGC FY2025: +30.0%CBOE FY2019: -9.8%CBOE FY2020: +37.3%CBOE FY2021: +2.0%CBOE FY2022: +13.3%CBOE FY2023: -4.7%CBOE FY2024: +8.5%CBOE FY2025: +15.1%FY19FY20FY21FY22FY23FY24FY25
BGC +30.0%CBOE +15.1%
Free cash flow
BGC FY2018: -$91.9MBGC FY2019: $194.4MBGC FY2020: $271.8MBGC FY2021: $407.1MBGC FY2022: $213.8MBGC FY2023: $390.3MBGC FY2024: $285.7MBGC FY2025: $372.9MCBOE FY2018: $498.4MCBOE FY2019: $597.7MCBOE FY2020: $1.4BCBOE FY2021: $545.8MCBOE FY2022: $591.3MCBOE FY2023: $1BCBOE FY2024: $1BCBOE FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
BGC $372.9MCBOE $1.7B

Fiscal years as each company reports them; the two may end in different months.

Questions about BGC and Cboe Global Markets

Which is bigger by revenue, BGC or Cboe Global Markets?

Cboe Global Markets is bigger by revenue: $4.7B in fiscal 2025, against $2.9B for BGC in fiscal 2025.

Which keeps more of its revenue as profit, BGC or Cboe Global Markets?

BGC had a net margin of 5.3% in fiscal 2025; Cboe Global Markets had 23.3% in fiscal 2025.

Which grew revenue faster, BGC or Cboe Global Markets?

In their latest fiscal years revenue changed by +30.0% at BGC and +15.1% at Cboe Global Markets.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies