CBOE vs. CME: Cboe Global Markets vs. CME Stock Comparison

November 11, 2026

How do Cboe Global Markets (CBOE) and CME (CME) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cboe Global Markets (CBOE) and CME (CME) are both classified in the Financial Exchanges & Data sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

Company profile comparison for Cboe Global Markets (CBOE) and CME (CME)
Profile Item	CBOE	CME
Name	Cboe Global Markets Inc.	CME Group Inc. Class A Common Stock
Country/Region	United States	United States
GICS Sector	Financials	Financials
GICS Industry Group	Financial Services	Financial Services
GICS Industry	Capital Markets	Capital Markets
GICS Sub-Industry	Financial Exchanges & Data	Financial Exchanges & Data
Market Capitalization	36.86 billion USD	109.49 billion USD
Currency	USD	USD
Exchange	Cboe	Nasdaq
Listing Date	June 15, 2010	December 6, 2002
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CBOE

CME

GSPC

Cboe Global Markets (CBOE) vs. CME (CME), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…

Trailing total returns for Cboe Global Markets (CBOE) and CME (CME). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Cboe Global Markets (CBOE) and CME (CME). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
Total Return (1Y)	38.97%	14.24%
Total Return (3Y, Annualized)	27.34%	16.88%
Total Return (5Y, Annualized)	23.42%	11.09%

Risk Profile

Drawdown History

CBOE

CME

GSPC

Cboe Global Markets (CBOE) vs. CME (CME), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…

Distribution of monthly total returns for Cboe Global Markets (CBOE) and CME (CME). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
Volatility (1Y, Annualized)	36.53%	24.87%
Beta (5Y)	0.35	0.16
Max Drawdown (5Y)	-36.73%	-31.74%
Avg. Volume (3M)	1.14M	1.91M

Risk-Adjusted Performance

Risk-Return Positioning

CBOE and CME are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
Sharpe Ratio (1Y)	0.95	0.40
Sortino Ratio (1Y)	1.37	0.56

Profitability

ROE (TTM)

Cboe Global Markets (CBOE) at 27.39% sits in the top ROE quartile, while CME (CME) at 16.13% is closer to the peer norm — stronger capital efficiency for CBOE.

CBOE

Financial Services industry group

27.39%

Max: 44.78%
CBOE: 27.39%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

CME

Financial Services industry group

16.13%

Max: 44.78%
Q3: 21.85%
CME: 16.13%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

CME (CME) at 63.48% converts revenue to bottom-line profit above its industry’s benchmark range, while Cboe Global Markets (CBOE) at 28.05% keeps roughly the typical share for its industry.

CBOE

Financial Services industry group

28.05%

Max: 62.84%
Q3: 28.05%
CBOE: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

CME

Financial Services industry group

63.48%

CME: 63.48%
Max: 62.84%
Q3: 28.05%
Median: 15.36%
Q1: 4.82%
Min: -28.52%

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

CME (CME) at 65.85% operates in the top operating margin quartile, ahead of Cboe Global Markets (CBOE) at 35.29%, which runs around its industry’s norm.

CBOE

Financial Services industry group

35.29%

Max: 107.33%
Q3: 55.90%
CBOE: 35.29%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

CME

Financial Services industry group

65.85%

Max: 107.33%
CME: 65.85%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
Min: -44.34%

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
ROE (TTM)	27.39%	16.13%
ROA (TTM)	11.84%	1.52%
Net Margin (TTM)	28.05%	63.48%
Operating Margin (TTM)	35.29%	65.85%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both Cboe Global Markets (CBOE) at 15.13% and CME (CME) at 6.37% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cboe Global Markets (CBOE) at 44.52% and CME (CME) at 15.41% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
Revenue Growth (YoY)	15.13%	6.37%
Revenue Growth (3Y CAGR)	6.00%	9.11%
EPS Growth (YoY)	44.52%	15.41%
EPS Growth (3Y CAGR)	68.19%	14.68%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Cboe Global Markets (CBOE) in Financial Services and CME (CME) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Cboe Global Markets (CBOE) in Financial Services and CME (CME) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both Cboe Global Markets (CBOE) at 0.86% and CME (CME) at 1.68% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CBOE

Financial Services industry group

0.86%

Max: 9.77%
Q3: 3.92%
Median: 1.09%
CBOE: 0.86%
Q1: 0.00%
Min: 0.00%

CME

Financial Services industry group

1.68%

Max: 9.77%
Q3: 3.92%
CME: 1.68%
Median: 1.09%
Q1: 0.00%
Min: 0.00%

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cboe Global Markets (CBOE) at 21.49% and CME (CME) at 92.62% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CBOE

Financial Services industry group

21.49%

Max: 241.07%
Q3: 97.36%
Median: 25.77%
CBOE: 21.49%
Q1: 0.00%
Min: 0.00%

CME

Financial Services industry group

92.62%

Max: 241.07%
Q3: 97.36%
CME: 92.62%
Median: 25.77%
Q1: 0.00%
Min: 0.00%

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
Dividend Yield (TTM)	0.86%	1.68%
Dividend Payout Ratio (TTM)	21.49%	92.62%

Valuation

P/E Ratio (TTM)

Both Cboe Global Markets (CBOE) at 25.14 and CME (CME) at 25.07 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.

CBOE

Financial Services industry group

25.14

Max: 45.85
CBOE: 25.14
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

CME

Financial Services industry group

25.07

Max: 45.85
CME: 25.07
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Cboe Global Markets (CBOE) at 6.98 sits in the upper P/S ratio quartile, and CME (CME) at 15.74 prices even higher, above its industry range.

CBOE

Financial Services industry group

6.98

Max: 9.23
CBOE: 6.98
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

CME

Financial Services industry group

15.74

CME: 15.74
Max: 9.23
Q3: 4.57
Median: 2.72
Q1: 1.28
Min: -0.55

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both Cboe Global Markets (CBOE) at 6.22 and CME (CME) at 4.12 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CBOE

Financial Services industry group

6.22

Max: 7.79
CBOE: 6.22
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

CME

Financial Services industry group

4.12

Max: 7.79
CME: 4.12
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Cboe Global Markets (CBOE) vs. CME (CME): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Cboe Global Markets (CBOE) and CME (CME)
Metric	CBOE	CME
P/E Ratio (TTM)	25.14	25.07
P/S Ratio (TTM)	6.98	15.74
P/B Ratio (MRQ)	6.22	4.12
Free Cash Flow Yield (TTM)	--	--