Cboe Global Markets sees FY25 net revenue growth mid single digit range

FY25 consensus $2.16B. Organic net revenue growth from Data Vantage is expected to be in the mid to high single digit range in 2025. Adjusted operating expenses in 2025 are expected to be in the range of $837M-$852M. The guidance excludes the expected amortization of acquired intangible assets of $70M; the company adjusts for this amount in its non-GAAP reconciliation.