--- title: "Cboe Global Markets: Competitors" description: "Cboe Global Markets compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/cboe-global-markets/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Cboe Global Markets: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Cboe Global Markets under SIC code 6200 (Security & Commodity Brokers, Dealers, Exchanges & Services). Among Swoopr's S&P 500 Equal Weight companies, 6 others share that classification; by latest reported revenue, Cboe Global Markets ranks 5 of 7. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Cboe Global Markets Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | [LPL Financial Holdings Inc. (LPLA)](https://www.getswoopr.com/stocks/companies/lpl-financial-holdings-inc/) | $17.0 billion FY2025 | 37.2% | n/a | 5.1% | | [Intercontinental Exchange (ICE)](https://www.getswoopr.com/stocks/companies/intercontinental-exchange/) | $12.6 billion FY2025 | 7.5% | 39.0% | 26.2% | | [Nasdaq, Inc. (NDAQ)](https://www.getswoopr.com/stocks/companies/nasdaq-inc/) | $8.3 billion FY2025 | 11.6% | 28.2% | 21.6% | | [CME Group (CME)](https://www.getswoopr.com/stocks/companies/cme-group/) | $6.5 billion FY2025 | 6.4% | 64.9% | 62.5% | | **Cboe Global Markets (CBOE)** | $4.7 billion FY2025 | 15.1% | 31.1% | 23.3% | | [Tradeweb Markets Inc. (TW)](https://www.getswoopr.com/stocks/companies/tradeweb-markets-inc/) | $2.1 billion FY2025 | 18.9% | 40.7% | 39.6% | | [Streamex Corp. (STEX)](https://www.getswoopr.com/stocks/companies/streamex-corp/) | $40,000 FY2024 | 122.2% | -32155.0% | -25825.0% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for Cboe Global Markets and 5 peers: Intercontinental Exchange (ICE) 39.0%, Nasdaq, Inc. (NDAQ) 28.2%, CME Group (CME) 64.9%, Cboe Global Markets (CBOE) 31.1%, Tradeweb Markets Inc. (TW) 40.7%, Streamex Corp. (STEX) -32155.0%.](https://www.getswoopr.com/images/charts/cboe-global-markets-competitors-peer-margins.webp) *Operating margin of Cboe Global Markets against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does Cboe Global Markets Rank Among All SEC Filers in Its Industry Code? 7 companies with annual reports in Swoopr's SEC dataset share SIC code 6200 (Security & Commodity Brokers, Dealers, Exchanges & Services), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Cboe Global Markets | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $4.7 billion | $6.5 billion | 5 of 7 | | Revenue growth | 15.1% | 15.1% | 4 of 7 | | Operating margin | 31.1% | 35.1% | 4 of 6 | | Net margin | 23.3% | 23.3% | 4 of 7 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Cboe Global Markets reported in its own SEC filings, read from the SEC's XBRL data (accession 0001628280-26-010013 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Cboe Global Markets's competitors? Companies sharing Cboe Global Markets's SEC classification (SIC code 6200 (Security & Commodity Brokers, Dealers, Exchanges & Services)) include LPL Financial Holdings Inc. (LPLA), Intercontinental Exchange (ICE), Nasdaq, Inc. (NDAQ), CME Group (CME), Tradeweb Markets Inc. (TW). Its 10-K names the competitors it considers most relevant. ### How does Cboe Global Markets compare with its peers on margins? Cboe Global Markets's fiscal 2025 operating margin was 31.1%, against a peer median of 39.0%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Cboe Global Markets rank among all companies in its SEC industry? Among 7 SEC filers under SIC code 6200, Cboe Global Markets ranks 5 by latest revenue, and 4 of 6 by operating margin (31.1% against a median of 35.1%). ## References - [SEC EDGAR: Cboe Global Markets, Inc. Form 10-K filed February 20, 2026](https://www.sec.gov/Archives/edgar/data/1374310/000162828026010013/cboe-20251231.htm) - [SEC EDGAR: Cboe Global Markets, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1374310&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Cboe Global Markets company dossier](https://www.getswoopr.com/stocks/companies/cboe-global-markets/) - [Cboe Global Markets financial metrics](https://www.getswoopr.com/stocks/companies/cboe-global-markets/metrics/) - [Cboe Global Markets financial risk indicators](https://www.getswoopr.com/stocks/companies/cboe-global-markets/risks/) - [Cboe Global Markets peer comparison](https://www.getswoopr.com/stocks/companies/cboe-global-markets/competitors/) - [Cboe Global Markets business model and revenue mix](https://www.getswoopr.com/stocks/companies/cboe-global-markets/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).