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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Tapestry, Inc. (TPR). Click either name above to swap in a different company.

Tapestry, Inc. is the larger business by last-quarter revenue ($1.9B vs $1.3B, roughly 1.5× Cboe Global Markets). Cboe Global Markets runs the higher net margin — 30.3% vs 17.9%, a 12.4% gap on every dollar of revenue. On growth, Tapestry, Inc. posted the faster year-over-year revenue change (21.0% vs 6.5%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 9.9%).

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.

Tapestry, Inc. is a leading American multinational luxury fashion holding company. It owns three iconic lifestyle brands: Coach, Kate Spade New York, and Stuart Weitzman, offering premium handbags, apparel, footwear, accessories, and fragrances to global consumers via physical retail stores and e-commerce platforms.

CBOE vs TPR — Head-to-Head

Bigger by revenue
TPR
TPR
1.5× larger
TPR
$1.9B
$1.3B
CBOE
Growing faster (revenue YoY)
TPR
TPR
+14.5% gap
TPR
21.0%
6.5%
CBOE
Higher net margin
CBOE
CBOE
12.4% more per $
CBOE
30.3%
17.9%
TPR
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
14.3%
9.9%
TPR

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
CBOE
CBOE
TPR
TPR
Revenue
$1.3B
$1.9B
Net Profit
$385.7M
$343.8M
Gross Margin
57.3%
76.9%
Operating Margin
39.7%
22.3%
Net Margin
30.3%
17.9%
Revenue YoY
6.5%
21.0%
Net Profit YoY
53.9%
EPS (diluted)
$3.66
$1.65

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
TPR
TPR
Q1 26
$1.3B
$1.9B
Q4 25
$1.2B
$2.5B
Q3 25
$1.1B
$1.7B
Q2 25
$1.2B
$1.7B
Q1 25
$1.2B
$1.6B
Q4 24
$1.1B
$2.2B
Q3 24
$1.1B
$1.5B
Q2 24
$974.0M
$1.6B
Net Profit
CBOE
CBOE
TPR
TPR
Q1 26
$385.7M
$343.8M
Q4 25
$313.5M
$561.3M
Q3 25
$300.8M
$274.8M
Q2 25
$235.1M
$-517.1M
Q1 25
$250.6M
$203.3M
Q4 24
$196.5M
$310.4M
Q3 24
$218.5M
$186.6M
Q2 24
$140.4M
$159.3M
Gross Margin
CBOE
CBOE
TPR
TPR
Q1 26
57.3%
76.9%
Q4 25
55.7%
75.5%
Q3 25
53.0%
76.3%
Q2 25
50.0%
76.3%
Q1 25
47.3%
76.1%
Q4 24
47.4%
74.4%
Q3 24
50.4%
75.3%
Q2 24
52.8%
74.9%
Operating Margin
CBOE
CBOE
TPR
TPR
Q1 26
39.7%
22.3%
Q4 25
33.5%
28.6%
Q3 25
32.4%
19.3%
Q2 25
28.9%
-33.9%
Q1 25
29.6%
16.0%
Q4 24
27.0%
22.4%
Q3 24
29.1%
16.7%
Q2 24
21.6%
14.8%
Net Margin
CBOE
CBOE
TPR
TPR
Q1 26
30.3%
17.9%
Q4 25
26.0%
22.4%
Q3 25
26.3%
16.1%
Q2 25
20.0%
-30.0%
Q1 25
21.0%
12.8%
Q4 24
17.7%
14.1%
Q3 24
20.7%
12.4%
Q2 24
14.4%
10.0%
EPS (diluted)
CBOE
CBOE
TPR
TPR
Q1 26
$3.66
$1.65
Q4 25
$2.97
$2.68
Q3 25
$2.85
$1.28
Q2 25
$2.23
$-2.30
Q1 25
$2.37
$0.95
Q4 24
$1.85
$1.38
Q3 24
$2.07
$0.79
Q2 24
$1.33
$0.67

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
TPR
TPR
Cash + ST InvestmentsLiquidity on hand
$2.1B
$1.1B
Total DebtLower is stronger
$1.4B
$2.4B
Stockholders' EquityBook value
$5.4B
$682.4M
Total Assets
$11.1B
$6.5B
Debt / EquityLower = less leverage
0.27×
3.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
TPR
TPR
Q1 26
$2.1B
$1.1B
Q4 25
$2.3B
$1.1B
Q3 25
$1.5B
$743.2M
Q2 25
$1.5B
$1.1B
Q1 25
$1.2B
$1.1B
Q4 24
$1.0B
$1.0B
Q3 24
$763.2M
$7.3B
Q2 24
$698.3M
$7.2B
Total Debt
CBOE
CBOE
TPR
TPR
Q1 26
$1.4B
$2.4B
Q4 25
$1.4B
$2.4B
Q3 25
$1.4B
$2.4B
Q2 25
$1.4B
$2.4B
Q1 25
$1.4B
$2.4B
Q4 24
$1.4B
$2.4B
Q3 24
$1.4B
$7.0B
Q2 24
$1.4B
$6.9B
Stockholders' Equity
CBOE
CBOE
TPR
TPR
Q1 26
$5.4B
$682.4M
Q4 25
$5.1B
$551.2M
Q3 25
$4.9B
$399.5M
Q2 25
$4.7B
$857.8M
Q1 25
$4.5B
$1.5B
Q4 24
$4.3B
$1.3B
Q3 24
$4.2B
$3.0B
Q2 24
$4.0B
$2.9B
Total Assets
CBOE
CBOE
TPR
TPR
Q1 26
$11.1B
$6.5B
Q4 25
$9.3B
$6.5B
Q3 25
$9.1B
$6.4B
Q2 25
$9.0B
$6.6B
Q1 25
$8.7B
$7.3B
Q4 24
$7.8B
$7.3B
Q3 24
$8.7B
$13.7B
Q2 24
$9.3B
$13.4B
Debt / Equity
CBOE
CBOE
TPR
TPR
Q1 26
0.27×
3.48×
Q4 25
0.28×
4.32×
Q3 25
0.30×
5.95×
Q2 25
0.31×
2.77×
Q1 25
0.32×
1.59×
Q4 24
0.34×
1.78×
Q3 24
0.34×
2.35×
Q2 24
0.36×
2.39×

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%

TPR
TPR

Segment breakdown not available.

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