Cboe Global Markets

As of June 30, 2025, Cboe reported cash and equivalents of about 1.26 billion and total debt of 1.44 billion, implying modest net debt of roughly 0.2 billion on an adjusted cash basis.

Debt maturities are well‑laddered and supported by strong interest coverage and ample liquidity, with capex guidance of 75 to 85 million for 2025. The company generates substantial cash with low capital intensity, providing significant resilience and capacity for dividends, buybacks and selective M&A.