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● Cboe Global Markets First Quarter 2021 Highlights * ● News Release Page 1 of 12 Cboe Global Markets Reports Results for First Quarter 2021 Diluted EPS of $ 1.27 , Down 11 percent Adjusted Diluted EPS¹ of $ 1.53 , Down 7 percent Net revenue of $ 366 million , Up 2 percent Returned $ 93 million to shareholders through share repurchases and dividends The company increases its 2021 organic growth target for recurring non - transaction revenue to 10 to 11 percent , from its previous guidance range of 6 to 7 percent² CHICAGO , IL - April 30 , 2021 - Cboe Global Markets , Inc. ( Cboe : CBOE ) today reported financial results for the first quarter of 2021 . " We are off to a strong start this year with continued momentum across the company , achieving quarter - over - quarter increases in net revenue and trading activity for each business segment , as well as meaningful progress executing on multiple growth opportunities . We were excited to announce plans to acquire Chi - X Asia Pacific , enabling us to broaden our geographic and asset class presence , while helping us to further extend the distribution of our product offerings to our global network of customers , " said Edward T. Tilly , Cboe Global Markets Chairman , President and Chief Executive Officer . " We remain confident in our ability to achieve our targeted mid - term organic net revenue growth of 4 to 6 percentage points and to drive additional organic net revenue growth longer - term through our ongoing investment in attractive market opportunities , as demonstrated by the increase in our organic growth target for recurring non transaction revenue . Cboe has a strong foundation and I am confident that we have the team and capabilities to drive value - enhancing growth as we remain focused on our commitment to create long - term value for our customers and our shareholders . " " We reported a quarter of strong results , although earnings declined year - over - year against difficult comparisons to last year's record results . Our robust cash flow generation allowed us to return nearly $ 93 million to shareholders through share repurchases and dividends in the first quarter , " said Brian N. Schell , Cboe Global Markets Executive Vice President , Chief Financial Officer and Treasurer . " We continue to balance our long - standing disciplined capital allocation priorities to responsibly grow our business while maintaining a healthy balance sheet and preserving financial flexibility to further enhance shareholder value . Our priorities remain focused on prudent organic capital investment , value - enhancing acquisitions , and the return of capital to shareholders . " More * All comparisons are first quarter 2021 compared to the same period in 2020 . ( ¹ ) A full reconciliation of our non - GAAP results to our GAAP results is included in the attached tables . See " Non - GAAP Information " in the accompanying financial tables . ( 2 ) Specific quantifications of the amounts that would be required to reconcile the company's organic growth guidance , adjusted operating expenses guidance and the effective tax rate on adjusted earnings guidance are not available . The company believes that there is uncertainty and unpredictability with respect to certain of its GAAP measures , primarily related to acquisition - related revenues and expenses that would be required to reconcile to GAAP revenues less costs of revenues , GAAP operating expenses and GAAP effective tax rate , which preclude the company from providing accurate guidance on certain forward - looking GAAP to non - GAAP reconciliations . The company believes that providing estimates of the amounts that would be required to reconcile the range of the company's organic growth , adjusted operating expenses and the effective tax rate on adjusted earnings would imply a degree of precision that would be confusing or misleading to investors for the reasons identified above .