Cboe Global Markets
Cboe Global Markets returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 26.04% | 26.04% | — | 26.19% | 13.77% | 18.3 pp |
| FY 2026 Q1 | Mar 31, 2026 | 24.23% | 24.63% | — | 25.03% | 12.52% | 16.5 pp |
| FY 2025 Q4 | Dec 31, 2025 | 22.48% | 22% | — | 23.25% | 12.87% | 14.8 pp |
| FY 2025 Q3 | Sep 30, 2025 | 19.76% | 20.62% | — | 21.51% | 11.06% | 12.1 pp |
| FY 2025 Q2 | Jun 30, 2025 | 18.95% | 20.36% | 4,025.19% | 20.64% | 9.84% | 11.2 pp |
| FY 2025 Q1 | Mar 31, 2025 | 16.9% | 18.4% | — | 18.93% | 9.58% | 9.2 pp |
| FY 2024 Q4 | Dec 31, 2024 | 16.01% | 17.58% | — | 18.42% | 10.01% | 8.3 pp |
| FY 2024 Q3 | Sep 30, 2024 | 15.99% | 17.93% | — | 19.41% | 9.49% | 8.3 pp |
| FY 2024 Q2 | Jun 30, 2024 | 15.95% | 17.89% | — | 19.93% | 9.36% | 8.3 pp |
| FY 2024 Q1 | Mar 31, 2024 | 16.33% | 18.6% | 577.86% | 20.98% | 9.93% | 8.6 pp |
| FY 2023 Q4 | Dec 31, 2023 | 15.93% | 18.2% | 472.84% | 20.33% | 10.51% | 8.2 pp |
| FY 2023 Q3 | Sep 30, 2023 | 14.89% | 17.44% | 456.89% | 19.94% | 9.44% | 7.2 pp |
| FY 2023 Q2 | Jun 30, 2023 | 13.78% | 16.89% | 6,884.59% | 18.73% | 8.88% | 6.1 pp |
| FY 2023 Q1 | Mar 31, 2023 | 6.98% | 8.69% | -60.72% | 8.36% | 3.71% | -0.7 pp |
| FY 2022 Q4 | Dec 31, 2022 | 5.69% | 8.77% | -140.33% | 6.62% | 3.4% | -2 pp |
| FY 2022 Q3 | Sep 30, 2022 | 5.92% | 8.12% | -53.61% | 7.06% | — | -1.8 pp |
| FY 2022 Q2 | Jun 30, 2022 | 5.44% | 7.28% | -35.58% | 6.26% | — | -2.3 pp |
| FY 2022 Q1 | Mar 31, 2022 | 12.12% | 15.12% | 48.5% | 14.34% | — | 4.4 pp |
| FY 2021 Q4 | Dec 31, 2021 | 12.71% | 14.86% | 37.04% | 15.17% | 7.94% | 5 pp |
| FY 2021 Q3 | Sep 30, 2021 | 11.45% | 13.7% | 6.44% | 13.13% | 6.59% | 3.7 pp |
| FY 2021 Q2 | Jun 30, 2021 | 10.85% | 12.91% | -10.19% | 13.04% | 7.06% | 3.2 pp |
| FY 2021 Q1 | Mar 31, 2021 | 10.82% | 12.63% | -0.61% | 13.31% | 7.35% | 3.1 pp |
| FY 2020 Q4 | Dec 31, 2020 | 11.31% | 13.2% | 23.03% | 13.93% | 8.05% | 3.6 pp |
| FY 2020 Q3 | Sep 30, 2020 | 11.42% | 13.24% | 62.9% | 13.97% | 8.42% | 3.7 pp |
| FY 2020 Q2 | Jun 30, 2020 | 12.01% | 13.44% | — | 13.97% | 8.8% | 4.3 pp |
| FY 2020 Q1 | Mar 31, 2020 | 11.1% | 12.75% | — | 13.23% | 8.29% | 3.4 pp |
| FY 2019 Q4 | Dec 31, 2019 | 9.72% | 11.24% | — | 11.3% | 7.19% | 2 pp |
| FY 2019 Q3 | Sep 30, 2019 | 10.82% | 12.59% | — | 13.12% | 8.44% | 3.1 pp |
| FY 2019 Q2 | Jun 30, 2019 | 10.35% | 12.08% | — | 12.49% | 7.79% | 2.7 pp |
| FY 2019 Q1 | Mar 31, 2019 | 10.29% | 11.84% | — | 12.36% | 7.56% | 2.6 pp |
| FY 2018 Q4 | Dec 31, 2018 | 10.64% | 12.41% | — | 13.29% | 8.06% | 2.9 pp |
| FY 2018 Q3 | Sep 30, 2018 | — | 11.04% | — | 17.89% | 10.53% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | 10.87% | — | 17.23% | 9.7% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | 10.24% | — | 16.85% | 9.45% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | 13.99% | — | 23.14% | 13.99% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | 12.65% | — | — | 6.68% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | 10.64% | — | — | 5.85% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | 9.07% | — | — | 5.32% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | 85.5% | — | 64.04% | 43.38% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | 88.07% | — | — | 45.72% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | 107.95% | — | — | 56.86% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | 107% | — | — | 55.06% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | 103.03% | — | 80.09% | 53.34% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | 107.19% | — | — | 53.36% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | 100.58% | — | — | 49.42% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | 93.65% | — | — | 46.4% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | 97.4% | — | 70.48% | 45.96% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | 88.78% | — | — | 46.15% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | 86.58% | — | — | 44.01% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | 90.12% | — | — | 44.42% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | 92.07% | — | 66.41% | 45.1% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | 78.3% | — | — | 41.44% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | 83% | — | — | 44.98% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | 86.14% | — | — | 43.6% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | 86.82% | — | — | 47.21% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | 78.89% | — | — | 41.4% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | 93.29% | — | — | 43.74% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | — | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · CBOE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.