Cboe Global Markets, Inc today reported its financial results for the third quarter of 2026.

Global FX net revenue of $27.7 million increased $5.2 million, or 23%, from the third quarter of 2025. The increase was due to higher net transaction and clearing fees.

ADNV traded on the Cboe FX platform was $61.1 billion for the quarter, up 22% compared to last year’s third quarter, and net capture rate per one million dollars traded was $2.91 for the third quarter of 2026, up 1 percent compared to $2.89 in the third quarter of 2025.

Across all segments, total revenues less cost of revenues (referred to as “net revenue”) of $712.2 million increased 18 percent, compared to $605.5 million in the prior-year period, a result of increases across all net revenue categories.

Total operating expenses were $249.4 million versus $235.2 million in the third quarter of 2025, an increase of $14.2 million. This increase was primarily due to a $14.0 million incremental reserve recorded related to the company’s notes receivable in connection with the funding of the Consolidated Audit Trail.

The effective tax rate for the third quarter of 2026 was 22.8 percent as compared with 30.1 percent in the third quarter of 2025. The lower effective tax rate in 2026 is primarily due to the non-taxable gain on divestiture related to the sale of Cboe Australia. The effective tax rate on adjusted earnings1 was 27.6 percent, a decrease of 2.8 percentage points when compared with 30.4 percent in last year’s third quarter. The change was primarily due to changes in filing positions with state and local taxing authorities.

Diluted EPS for the third quarter of 2026 increased 43 percent to $4.08 compared to the third quarter of 2025. Adjusted diluted EPS of $3.63 increased 36 percent compared to 2025 third quarter results.