Cboe balances internal reinvestment with consistent returns of capital. In 2024 it paid roughly 249 million in dividends and repurchased about 206 million of stock, and in Q2 2025 it paid a 0.63 per share dividend while repurchasing 161 thousand shares with about 615 million remaining authorization.
Strategy discipline improved with the wind‑down of the spot crypto venue and consolidation of digital derivatives on CFE. Setbacks include prior digital asset write‑downs and the decision to exit Japan equities after underperformance, though both actions show willingness to redeploy capital.
Overall capital allocation is solid and shareholder‑minded.







