那么，这到底是什么原因呢？你必须明白，Cboe被认为是那些资本密集型低、高质量金融收费公路业务之一。想想万事达卡、维萨、标普全球这样的公司。显然，这些是不同的业务，但它们确实有一些共同特征。
So, what exactly is the reason for this? Well, you have to understand that Cboe is considered one of those capital-light, high-quality financial toll road businesses. Think about companies like Mastercard, Visa, S&P Global. Obviously, those are different businesses, but they do share some characteristics.
事实上，你还会注意到，当我们看Cboe最近的收益报告时，他们将2026年有机总净收入增长目标从低两位数到中位数提高到了中高位数。所以，他们不仅在增长，而且历史上一直以健康的速度增长，他们还在提高指引。
In fact, you'll also notice when we look at Cboe's recent earnings report, they increased their 2026 organic total net revenue growth target to the mid to high teens from low double-digit to mid-teens. So, not only are they growing and historically have grown at a healthy rate, they're increasing their guidance.