Cboe Global Markets (CBOE) vs Tradeweb Markets (TW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cboe Global Markets (CBOE) has outperformed Tradeweb Markets (TW) over the past year, gaining 16.9% versus a gain of 2.7%. Over five years, CBOE leads with a +124.3% price change compared with +28.7% for TW. Cboe Global Markets is the larger company by market cap ($30.56 billion vs $23.65 billion), about 1.3 times the size, while Tradeweb Markets is growing revenue faster (+18.9% vs +15.1%).
On valuation, Cboe Global Markets trades at a lower forward P/E (19.3x vs 23.6x for Tradeweb Markets). Cboe Global Markets offers the higher dividend yield (0.98% vs 0.47%). Tradeweb Markets converts more of its revenue into profit, with a net margin of 39.6% versus 23.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CBOE | TW |
|---|---|---|
| Share price | $292.65 | $109.48 |
| Market cap | $30.56B | $23.65B |
| 1-day change | +3.94% | +1.93% |
| YTD return | +12.18% | -0.13% |
| 1-year return | +16.88% | +2.69% |
| 5-year return | +124.29% | +28.65% |
| P/E ratio (TTM) | 22.81 | 26.19 |
| Forward P/E | 19.26 | 23.62 |
| EPS (TTM) | $12.83 | $4.18 |
| Dividend yield | 0.98% | 0.47% |
| Annual dividend | $2.88 | $0.52 |
| Revenue (latest FY) | $4.71B | $2.05B |
| Revenue growth (YoY) | +15.13% | +18.92% |
| Net income (latest FY) | $1.10B | $812.79M |
| Gross margin | 51.53% | — |
| Operating margin | 31.12% | 40.70% |
| Net margin | 23.33% | 39.60% |
| 52-week high | $371.18 | $127.69 |
| 52-week low | $227.15 | $91.42 |
| Distance from 52-week high | -21.16% | -14.27% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +7.07% | +12.84% |
| Average volume | 1.07M | 1.41M |
| Shares outstanding | 104.43M | 114.04M |
| Employees | 1,661 | 1,613 |
| Sector | Finance | Finance |
| Industry | Investment Bankers/Brokers/Service | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- CBOE has outperformed TW by 14.2 percentage points over the past year.
- Tradeweb Markets is more profitable, keeping 39.6 cents of every revenue dollar as net income versus 23.3 cents for Cboe Global Markets.
About Cboe Global Markets
CBOE stock →Cboe Global Markets, Inc., through its subsidiaries, operates as a derivatives and securities exchange network that delivers trading, clearing, and investment solutions in the United States and internationally. It operates through five segments: Options, North American Equities, Europe and Asia Pacific, Futures, and Global FX.
Finance · Investment Bankers/Brokers/Service · 1,661 employees
About Tradeweb Markets
TW stock →Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally.
Finance · Investment Bankers/Brokers/Service · 1,613 employees
CBOE vs TW FAQ
Which is bigger, Cboe Global Markets or Tradeweb Markets?
Cboe Global Markets (CBOE) is larger, with a market capitalization of $30.56B compared with $23.65B for Tradeweb Markets (TW).
Which stock has performed better over the past year, CBOE or TW?
CBOE returned +16.88% over the past 12 months, compared with +2.69% for TW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CBOE or TW?
CBOE has the lower trailing P/E at 22.8, versus 26.2 for TW. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Cboe Global Markets or Tradeweb Markets?
Cboe Global Markets has the higher yield at 0.98%, compared with 0.47% for Tradeweb Markets.
Are Cboe Global Markets and Tradeweb Markets in the same industry?
Yes. Both are classified in the Investment Bankers/Brokers/Service industry within the Finance sector.