- Adjusted diluted EPS increased 14% year-over-year to $2.46.
- Adjusted operating EBITDA grew 19% to $387 million with an expanded margin of 65.8%.
- Adjusted operating expenses increased 8% year-over-year to $213 million.
- Cboe grew net revenue 14% year-over-year to a record $587 million in Q2 2025.
- Data Vantage growth was driven primarily by new subscription and unit sales, accounting for roughly 75% of growth.
- Derivatives Markets net revenue grew 17%, Data Vantage net revenue grew 11%, and Cash and Spot Markets net revenue grew 11%.
- Europe and APAC segment achieved 30% year-over-year net revenue growth, driven by strong European cash equities performance.
- Futures net revenue decreased 14% due to lower volumes, while global FX segment net revenue grew 19%.
- Options segment delivered its fourth consecutive quarter of record net revenue with 19% year-over-year growth.
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- Bank lending balances rose sequentially to $174 billion, supporting net interest income growth to $2 billion.
- Institutional Securities revenues were $8.5 billion, driven by strong investment banking and equities performance.
- Investment Management reached a record $1.8 trillion in assets under management (AUM) with $1.7 billion in revenues.
- Morgan Stanley reported record revenues of $18.2 billion and EPS of $2.80 for Q3 2025.
- Net new assets totaled $81 billion, with fee-based flows exceeding $40 billion for the second consecutive quarter.
- Return on tangible common equity (ROTCE) was strong at 23.5%, reflecting operating leverage.
- Total client assets increased by $1.3 trillion year-over-year to $8.9 trillion.
- Wealth Management achieved record revenues over $8 billion with a 30.3% margin.
- Earnings per share rose sharply by 86% to $2.49 compared to Q2 2024, driven by record collections and operational efficiency.
- Encore Capital Group reported strong Q2 2025 financial results with portfolio purchases up 32% to $367 million and collections increasing 20% to a record $655 million.
- Leverage improved slightly to 2.6x from 2.7x a year ago and remained flat compared to Q1 2025 despite increased portfolio purchases.
- Net income increased 82% to $59 million, with operating expenses growing 15% to $291 million, reflecting onboarding of new portfolios.
- Portfolio revenue increased 12% to $361 million, supported by a 14% growth in average receivable portfolios and improved portfolio yield of 35.5%.
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