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PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET PROPERTY AND EQUIPMENT, NET
Property and equipment, net consisted of the following as of June 30, 2026 and December 31, 2025 (in millions):
June 30,
2026		December 31,
2025
Construction in progress$6.0 $1.6 
Furniture, equipment, and leasehold improvements351.5 347.9 
Total property and equipment357.5 349.5 
Less accumulated depreciation(220.8)(216.4)
Property and equipment, net$136.7 $133.1 
Depreciation expense using the straight-line method was $11.2 million and $10.2 million for the three months ended June 30, 2026 and 2025, respectively, and $21.7 million and $19.6 million for the six months ended June 30, 2026 and 2025, respectively.
On July 23, 2025, the Company announced its decision to wind down Cboe's Japanese equities business, including the operations of its Cboe Japan proprietary trading system and Cboe BIDS Japan block trading platform. The Company suspended operations for these businesses on August 29, 2025, and formally closed these businesses following regulatory approval on March 23, 2026 to discontinue its Financial Instruments Business registration. As a result, the Company recorded an impairment charge of $1.8 million related to fixed assets in the consolidated statements of income for the three and twelve months ended December 31, 2025.
During the period ended June 30, 2026, property and equipment, net totaling $2.0 million was reclassified as assets held for sale as a result of the Company's definitive agreement to sell Cboe Australia and Cboe Canada.