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DEBT (Tables)
12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of debt
The Company’s debt consisted of the following as of December 31, 2025 and 2024 (in millions):
December 31, 2025December 31, 2024
$650 million fixed rate Senior Notes due January 2027, stated rate of 3.650%
$649.3 $648.6 
$500 million fixed rate Senior Notes due December 2030, stated rate of 1.625%
496.3 495.5 
$300 million fixed rate Senior Notes due March 2032, stated rate of 3.000%
297.3 296.9 
Revolving Credit Agreement— — 
Cboe Clear Europe Credit Facility— — 
Total debt$1,442.9 $1,441.0 
Schedule of future expected repayments related to Senior Notes
The future expected repayments related to the Senior Notes as of December 31, 2025 are as follows (in millions):
2026$— 
2027650.0 
2028— 
2029— 
Thereafter800.0 
Principal amounts repayable1,450.0 
Debt issuance costs(4.2)
Unamortized discounts on notes(2.9)
Total debt outstanding$1,442.9 
Schedule of interest expense, net
Components of interest expense, net recognized in the consolidated statements of income for the years ended December 31, 2025, 2024, and 2023 are as follows (in millions):
Year Ended
December 31,
2025
Year Ended
December 31,
2024
Year Ended
December 31,
2023
Components of interest expense:
Contractual interest$49.9 $49.2 $59.8 
Amortization of debt discount and issuance costs2.4 2.3 2.6 
Interest expense$52.3 $51.5 $62.4 
Interest income(49.4)(27.3)(12.0)
Interest expense, net$2.9 $24.2 $50.4