- Cboe Global Markets press release (BATS:CBOE): Q4 Non-GAAP EPS of $1.80 beats by $0.04.
- Revenue of $457.1M (+17.1% Y/Y) misses by $1.54M.
2023 Fiscal Year Financial Guidance:
Organic total net revenue growth1 is expected to be in the range of 7 to 9 percentage points in 2023, above medium-term organic total net revenue1 guidance expectations of 5 to 7 percentage points.
- Revenue from acquisitions held less than a year1 is expected to contribute total net revenue growth of 0.5 percentage points in 2023.
- Organic net revenue1 from Data and Access Solutions is expected to increase by approximately 7 to 10 percentage points in 2023, in line with medium-term guidance expectations.
- Adjusted operating expenses1 in 2023 are expected to be in the range of $769 to $779 million, from a base of $652 million in 2022. The guidance excludes the expected amortization of acquired intangible assets of $112 million; the company plans to reflect the exclusion of this amount in its non-GAAP reconciliation.
- Depreciation and amortization expense for 2023, which is included in adjusted operating expenses above, is expected to be in the range of $48 to $52 million, excluding the expected amortization of acquired intangible assets.
- Other income (expense), net, is expected to contribute a $27 to $33 million benefit in 2023 given expected performance of minority investments.
- The effective tax rate1 on adjusted earnings for the full year 2023 is expected to be in the range of 28.5 to 30.5 percent. Significant changes in trading volume, expenses, tax laws or rates and other items could materially impact this expectation.
- Capital expenditures for 2023 are expected to be in the range of $60 to $66 million.
Cboe Global Markets Non-GAAP EPS of $1.80 beats by $0.04, revenue of $457.1M misses by $1.54M
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| Symbol | Last Price | % Chg |
|---|---|---|
| CBOE | - | - |
| Cboe Global Markets, Inc. | ||