Cboe Global Markets, Inc. (CBOE) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.038 Hello, and thank you for standing by. My name is Tiffany, and I will be your conference 00:00:05.038 -- 00:00:10.105 operator today. At this time, I would like to welcome everyone to the 00:00:10.105 -- 00:00:14.231 CBOE Global Markets fourth quarter earnings call. 00:00:14.231 -- 00:00:18.937 All lines have been placed on mute to prevent any background noise. 00:00:18.937 -- 00:00:23.744 After the speaker's remarks, there will be a question and answer session. 00:00:23.744 -- 00:00:28.887 If you would like to ask a question during that time, simply press star 00:00:28.887 -- 00:00:32.211 then the number one on your telephone keypad. 00:00:32.211 -- 00:00:37.898 I would now like to turn the call over to Ken Hill, Head of Investor Relations. 00:00:37.898 -- 00:00:39.500 Ken, please go ahead. 00:00:39.500 -- 00:00:41.500 Good 00:00:41.983 -- 00:00:46.028 morning. Thank you for joining us for our fourth quarter earnings conference call. 00:00:46.028 -- 00:00:50.233 On the call today, Craig Donahue, our CEO, will discuss our performance for the quarter 00:00:50.233 -- 00:00:53.339 and provide an update on our strategic initiatives. 00:00:53.339 -- 00:00:57.644 Jill Greveno, our Chief Financial Officer, will then provide an overview of our financial 00:00:57.644 -- 00:01:02.370 results for the quarter, as well as discuss our 2026 financial outlook. 00:01:02.370 -- 00:01:05.875 Following their comments, we'll open the call to Q&A. 00:01:05.875 -- 00:01:10.301 Also joining us for Q&A will be Chris Isaacson, our Chief Operating Officer, Prashant 00:01:10.301 -- 00:01:14.826 Bhatia, our Head of Enterprise Strategy and Corporate Development, and Rob Hawking, our 00:01:14.826 -- 00:01:18.771 Global Head of Derivatives. I would like to point o...