Virtu Financial Earnings Reports

Virtu Financial, Inc. reported a significant increase in financial performance for the fourth quarter ended December 31, 2024. Total revenues increased by 55.7% to $834.3 million, and net income totaled $176.1 million, a substantial increase compared to the prior year quarter. Basic and diluted earnings per share were $1.03. The company also executed share buybacks of $57.1 million.

Virtu Financial, Inc. reported its Q3 2024 results, with total revenues increasing by 12.2% to $706.8 million, and trading income, net, increasing by 40.5% to $444.0 million compared to the same period in 2023. Net income was $119.0 million, and Normalized Adjusted EPS was $0.82.

Virtu Financial reported a strong second quarter in 2024, with a 36.7% increase in total revenues to $693.0 million and a significant rise in net income to $128.1 million, compared to the same period in 2023. The company also completed debt refinancing and continued its share repurchase program.

Virtu Financial reported a mixed performance for Q1 2024. Total revenues increased by 3.6% to $642.8 million, while trading income decreased slightly by 1.1% to $408.1 million. Net income increased to $111.3 million, with earnings per share at $0.59. The company also authorized an additional $500 million for share repurchases.

Virtu Financial's Q4 2023 results showed a 7.7% increase in total revenues to $536.0 million, but a 14.9% decrease in trading income, net, to $266.6 million. Net income decreased to $6.7 million, with earnings per share at $0.05. The company executed $44.0 million in share buybacks during the quarter.

Virtu Financial reported a 12.3% increase in total revenues to $630.2 million for Q3 2023, compared to $561.0 million for the same period in 2022. Net income increased to $117.6 million, or $0.63 per share. However, trading income decreased to $316.1 million compared to $397.4 million in the same period last year, and Adjusted EBITDA decreased by 22.7% to $139.5 million.

Virtu Financial reported a decrease in net income and earnings per share for the second quarter of 2023, with total revenues and trading income declining compared to the same period in 2022. The company's normalized adjusted net income also decreased significantly.

Virtu Financial's first quarter 2023 results showed a decrease in total revenues to $610.5 million, a decrease in trading income to $411.5 million, and a decrease in net income to $110.1 million, compared to the same period in 2022.

Virtu Financial reported a decrease in total revenues to $497.8 million for the fourth quarter of 2022, a 29.5% decrease compared to $705.6 million for the same period in 2021. Net income totaled $39.6 million, compared to $186.0 million in the prior year quarter. Earnings per share were $0.27, compared to $0.90 in the same period last year.

Virtu Financial's Q3 2022 results showed mixed performance. Total revenues increased by 3.1% to $561.0 million, but net income decreased to $79.9 million compared to the same period last year. Diluted earnings per share were $0.37, also down from $0.59 in the prior year quarter.

Virtu Financial's total revenues increased by 10.2% to $604.7 million, and net income totaled $148.9 million for the second quarter of 2022. Basic and diluted earnings per share were $0.78.

Virtu Financial's first quarter 2022 results showed a decrease in total revenues, trading income, and net income compared to the same period in 2021, driven by lower trading volumes in U.S. equities. The company declared a quarterly cash dividend of $0.24 per share.

Virtu Financial's Q4 2021 results showed an increase in total revenues, driven by higher trading volumes in U.S. equities. However, net income saw a decrease compared to the same period in the prior year.

Virtu Financial's Q3 2021 total revenues decreased by 17.0% to $544.3 million, driven by lower trading volumes in U.S. equities and the prior year gain on the sale of MATCHNow. Net income totaled $123.1 million, with basic and diluted EPS at $0.59. The company authorized an additional $750 million for share repurchases.

Virtu Financial reported a decrease in total revenues by 39.4% to $549.0 million for Q2 2021, primarily due to lower trading volumes in U.S. equities compared to the same period in 2020, which was significantly elevated due to the COVID-19 pandemic. Net income totaled $108.9 million, with diluted earnings per share at $0.50. The company's CEO, Douglas Cifu, highlighted the resilience of their business model and the continued success of growth initiatives, especially in options trading.

Virtu Financial's Q1 2021 total revenues increased by 1.2% to $1,012.6 million, driven by higher trading volumes in U.S. equities despite lower volatility. Net income totaled $409.2 million, with basic earnings per share at $1.91 and diluted earnings per share at $1.89.

Virtu Financial reported a strong Q4 2020, with total revenues increasing by 69.3% to $676.7 million and net income totaling $197.7 million, driven by heightened market volatility. The company also authorized an additional $70 million share repurchase program.

Virtu Financial reported a significant increase in total revenues, driven by the gain on the sale of MATCHNow and heightened market activity. Net income saw a substantial improvement compared to the previous year.

Virtu Financial reported a significant increase in total revenues, driven by heightened market volatility and trading volumes due to the COVID-19 pandemic. Net income saw a substantial rise compared to the prior year quarter.

Virtu Financial's Q1 2020 results showed a significant increase in revenue and net income, driven by heightened market volatility and trading volumes due to the COVID-19 pandemic. Total revenues increased by 176.6% to $1,004.1 million, and net income totaled $388.2 million, compared to a net loss in the prior year quarter.

Virtu Financial reported a decrease in total revenues by 8.8% to $403.3 million for the fourth quarter of 2019, impacted by muted volatility and volumes across global markets. The company experienced a net loss of $29.4 million, driven by costs related to the ITG acquisition, compared to a net income of $147.9 million in the same period of 2018.