Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $3,427 | $3,495 | $3,959 | $3,774 | $4,095 |
| Gross Profit | $1,254 | $1,476 | $1,742 | $1,918 | $2,072 |
| Operating Income | $662 | $806 | $490 | $1,058 | $1,098 |
| Net Income | $468 | $529 | $235 | $761 | $765 |
Over the five-year period, Cboe Global Markets’ revenue generally trended upward, beginning at $3,427.1 million in 2020 and reaching $4,094.5 million in 2024. After a modest increase from 2020 to 2021, the company experienced a notable acceleration in revenue growth in 2022, with revenue rising to $3,958.5 million—an increase of roughly 13%. Although there was a slight decline in 2023 to $3,773.5 million (about a 4.6% drop from 2022), the company rebounded in 2024. Gross profit followed a consistently positive trend, starting at $1,254.3 million in 2020 and steadily climbing to $2,072.4 million in 2024, which indicates an overall strengthening in core operational efficiency. Operating income and net income, however, showed more volatility. Operating income increased from $662.2 million in 2020 to a peak of $1,057.9 million in 2023 before a modest rise to $1,098.4 million in 2024. Net income experienced a significant swing; after growing from $468.2 million in 2020 to $529 million in 2021, it sharply declined to $235 million in 2022—a drop exceeding 55%—before recovering robustly to $761.4 million in 2023 and stabilizing near that level at $764.9 million in 2024. This substantial dip in 2022 may reflect adverse market conditions or operational adjustments typical of the highly cyclical financial markets in which Cboe operates. Overall, the company’s financial health appears sustainable, with solid revenue and gross profit growth counterbalanced by short-term operational variability that it has since managed to overcome.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.