“Operating Expenses Total operating expenses for the three and six months ended June 30, 2026 compared to the same periods in 2025 increased $7.4 million, or 3%, and $19.4 million, or 4%, respectively, primarily due to an increase in compensation and benefits, partially offset by a decrease in impairment of assets.”
“Proprietary market data fees increased primarily due to increases in proprietary market data fees in the Options, Europe and Asia Pacific, and North American Equities segments driven by increased customer demand.”
“Impairment of assets decreased for the nine months ended September 30, 2025, compared to the same period in 2024 primarily due to the impairment of assets of $81.0 million recognized in the former Digital segment during the nine months ended September 2024, partially offset by the impairment of Cboe Japan's assets of $21.6 million during the nine months ended September 30, 2025 as a result of the wind down of the Company's Japanese equities business.”