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Jun 30, 2023
Virtu Financial Q2 2023 Earnings Report
Virtu Financial's performance declined due to decreased trading income and overall revenue.
Key Takeaways
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.
Net income decreased to $29.5 million; Normalized Adjusted Net Income was $61.7 million.
Basic and diluted earnings per share decreased to $0.16; Normalized Adjusted EPS was $0.37.
Total revenues decreased to $506.9 million; Trading income, net, decreased to $306.2 million.
Adjusted EBITDA decreased to $122.0 million.
Virtu Financial
Virtu Financial
Virtu Financial Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income