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Cboe Global Markets Second Quarter 2021 Highlights * ● ● Diluted EPS for the Quarter of $ 0.98 , Down 5 percent Adjusted Diluted EPS¹ for the Quarter of $ 1.38 , Up 5 percent Net revenue for the Quarter of $ 351 million , Up 18 percent ● Returned $ 79 million to shareholders through share repurchases and dividends The company increases its 2021 organic growth target for recurring non - transaction revenue to 12 to 13 percent , from its previous guidance range of 10 to 11 percent² News Release Page 1 of 12 Cboe Global Markets Reports Results for Second Quarter 2021 CHICAGO , IL - July 30 , 2021 - Cboe Global Markets , Inc. ( Cboe : CBOE ) today reported financial results for the second quarter of 2021 . " In the second quarter we achieved strong year - over - year revenue growth driven by robust trading in our proprietary index products and demand for our data and access solutions products . With the closing of our acquisition of Chi - X Asia Pacific on July 1 , we further solidified our strategic vision of building one of the world's largest global derivatives and securities networks . With the addition of Chi X to the Cboe network , we are eager to leverage our strong ecosystem of proprietary index products and data and access solutions to reach an expanding global network of customers , " said Edward T. Tilly , Cboe Global Markets Chairman , President and Chief Executive Officer . " As we look to the second half of 2021 , we have a number of attractive growth initiatives underway . We remain on target for our September launch of Cboe Europe Derivatives , further expanding our global derivatives network . Lastly , we remain confident in the outlook for organic revenue growth and are raising our organic growth target for recurring non - transaction revenue . This is an incredibly exciting time at Cboe as years of planning and consistent execution have enabled our strong progress toward our strategic vision . We look forward to delivering enhanced value to our customers and our shareholders , as we continue to expand our global network and broaden access to Cboe's products and services . " " We are pleased to report another quarter of solid financial results and ongoing momentum in executing against our strategic priorities . Our strong cash flow generation allowed us to return nearly $ 79 million to shareholders through share repurchases and dividends in the second quarter while continuing to invest in the long - term growth of our business , " said Brian N. Schell , Cboe Global Markets Executive Vice President , Chief Financial Officer and Treasurer . " We begin the second half of the year in a strong financial position . We are increasing our full - year recurring non - transaction organic revenue² growth target to 12 to 13 percent from 10 to 11 percent to incorporate stronger organic growth . Recurring non - transaction revenue , which includes acquisitions , is now expected to increase by 15 to 16 percent , up from previous guidance of 11 to 12 percent , due to stronger organic growth and the addition of Chi - X . Our full - year expense guidance remains unchanged for 2021. While we will absorb the full impact of the Chi - X acquisition to our expense base in the second half of the year , we expect lower expenses than originally anticipated primarily due to timing changes and delays in filling open roles . Overall , we remain focused on continuing to balance our long - standing disciplined capital allocation priorities to sustainably grow our business while maintaining a strong balance sheet and preserving financial flexibility to further enhance shareholder value . " More * All comparisons are second 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 .