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Mar 31, 2023

Virtu Financial Q1 2023 Earnings Report

Virtu Financial reported a decrease in total revenues and net income compared to the same period last year.

Key Takeaways

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.

Total revenues decreased by 12.9% to $610.5 million.

Trading income, net, decreased to $411.5 million.

Net income totaled $110.1 million.

Basic and diluted earnings per share were $0.56.

Total Revenue
$373M
Previous year: $701M
-46.8%
EPS
$0.74
Previous year: $1.27
-41.7%
Gross Profit
$496M
Previous year: $610M
-18.7%
Cash and Equivalents
$809M
Previous year: $613M
+32.1%
Free Cash Flow
-$162M
Previous year: -$265M
-38.8%
Total Assets
$11.9B
Previous year: $12.5B
-5.3%

Virtu Financial

Virtu Financial

Forward Guidance

This press release contains forward-looking statements regarding Virtu Financial, Inc.’s business that are not historical facts.