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Side-by-side financial comparison of Cboe Global Markets (CBOE) and PARSONS CORP (PSN). Click either name above to swap in a different company.

PARSONS CORP is the larger business by last-quarter revenue ($1.5B vs $1.3B, roughly 1.2× Cboe Global Markets). Cboe Global Markets runs the higher net margin — 30.3% vs 3.5%, a 26.8% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs 3.0%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs -5.5%).

Cboe Global Markets, Inc. is an American financial exchange operator headquartered in Chicago. It owns and operates a portfolio of exchanges and trading venues across equities, options, futures, and digital assets.

Parsons Corporation is an American multinational technology-focused defense, intelligence, and infrastructure engineering firm. Founded in 1944, Parsons is headquartered in Chantilly, Virginia, and serves both government and private sector organizations in more than 30 countries.

CBOE vs PSN — Head-to-Head

Bigger by revenue
PSN
PSN
1.2× larger
PSN
$1.5B
$1.3B
CBOE
Growing faster (revenue YoY)
CBOE
CBOE
+3.6% gap
CBOE
6.5%
3.0%
PSN
Higher net margin
CBOE
CBOE
26.8% more per $
CBOE
30.3%
3.5%
PSN
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
14.3%
-5.5%
PSN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBOE
CBOE
PSN
PSN
Revenue
$1.3B
$1.5B
Net Profit
$385.7M
$52.9M
Gross Margin
57.3%
Operating Margin
39.7%
6.4%
Net Margin
30.3%
3.5%
Revenue YoY
6.5%
3.0%
Net Profit YoY
53.9%
-20.1%
EPS (diluted)
$3.66
$0.49

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CBOE
CBOE
PSN
PSN
Q1 26
$1.3B
$1.5B
Q4 25
$1.2B
$1.6B
Q3 25
$1.1B
$1.6B
Q2 25
$1.2B
$1.6B
Q1 25
$1.2B
$1.6B
Q4 24
$1.1B
$1.7B
Q3 24
$1.1B
$1.8B
Q2 24
$974.0M
$1.7B
Net Profit
CBOE
CBOE
PSN
PSN
Q1 26
$385.7M
$52.9M
Q4 25
$313.5M
$55.6M
Q3 25
$300.8M
$64.1M
Q2 25
$235.1M
$55.2M
Q1 25
$250.6M
$66.2M
Q4 24
$196.5M
$201.3M
Q3 24
$218.5M
$72.0M
Q2 24
$140.4M
$69.2M
Gross Margin
CBOE
CBOE
PSN
PSN
Q1 26
57.3%
Q4 25
55.7%
23.0%
Q3 25
53.0%
22.2%
Q2 25
50.0%
22.0%
Q1 25
47.3%
22.8%
Q4 24
47.4%
21.3%
Q3 24
50.4%
19.9%
Q2 24
52.8%
21.0%
Operating Margin
CBOE
CBOE
PSN
PSN
Q1 26
39.7%
6.4%
Q4 25
33.5%
6.6%
Q3 25
32.4%
6.7%
Q2 25
28.9%
6.0%
Q1 25
29.6%
7.0%
Q4 24
27.0%
5.8%
Q3 24
29.1%
6.4%
Q2 24
21.6%
6.7%
Net Margin
CBOE
CBOE
PSN
PSN
Q1 26
30.3%
3.5%
Q4 25
26.0%
3.5%
Q3 25
26.3%
4.0%
Q2 25
20.0%
3.5%
Q1 25
21.0%
4.3%
Q4 24
17.7%
11.6%
Q3 24
20.7%
4.0%
Q2 24
14.4%
4.1%
EPS (diluted)
CBOE
CBOE
PSN
PSN
Q1 26
$3.66
$0.49
Q4 25
$2.97
$0.51
Q3 25
$2.85
$0.59
Q2 25
$2.23
$0.50
Q1 25
$2.37
$0.60
Q4 24
$1.85
$1.85
Q3 24
$2.07
$0.65
Q2 24
$1.33
$0.63

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBOE
CBOE
PSN
PSN
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
$1.4B
$1.5B
Stockholders' EquityBook value
$5.4B
$2.8B
Total Assets
$11.1B
$6.0B
Debt / EquityLower = less leverage
0.27×
0.55×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
PSN
PSN
Q1 26
$2.1B
Q4 25
$2.3B
$466.4M
Q3 25
$1.5B
$422.6M
Q2 25
$1.5B
$411.3M
Q1 25
$1.2B
$269.7M
Q4 24
$1.0B
$453.5M
Q3 24
$763.2M
$558.8M
Q2 24
$698.3M
$528.5M
Total Debt
CBOE
CBOE
PSN
PSN
Q1 26
$1.4B
$1.5B
Q4 25
$1.4B
$1.2B
Q3 25
$1.4B
$1.2B
Q2 25
$1.4B
$1.2B
Q1 25
$1.4B
$785.2M
Q4 24
$1.4B
$784.1M
Q3 24
$1.4B
$1.1B
Q2 24
$1.4B
$1.2B
Stockholders' Equity
CBOE
CBOE
PSN
PSN
Q1 26
$5.4B
$2.8B
Q4 25
$5.1B
$2.6B
Q3 25
$4.9B
$2.6B
Q2 25
$4.7B
$2.5B
Q1 25
$4.5B
$2.5B
Q4 24
$4.3B
$2.4B
Q3 24
$4.2B
$2.3B
Q2 24
$4.0B
$2.2B
Total Assets
CBOE
CBOE
PSN
PSN
Q1 26
$11.1B
$6.0B
Q4 25
$9.3B
$5.8B
Q3 25
$9.1B
$5.7B
Q2 25
$9.0B
$5.7B
Q1 25
$8.7B
$5.4B
Q4 24
$7.8B
$5.5B
Q3 24
$8.7B
$5.4B
Q2 24
$9.3B
$5.2B
Debt / Equity
CBOE
CBOE
PSN
PSN
Q1 26
0.27×
0.55×
Q4 25
0.28×
0.47×
Q3 25
0.30×
0.48×
Q2 25
0.31×
0.49×
Q1 25
0.32×
0.32×
Q4 24
0.34×
0.32×
Q3 24
0.34×
0.49×
Q2 24
0.36×
0.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBOE
CBOE

Derivatives markets$609.3M48%
Cash and spot markets$482.2M38%
Data Vantage$181.3M14%

PSN
PSN

Segment breakdown not available.

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