Virtu Financial Q3 2023 Earnings Report
Key Takeaways
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.
Total revenues increased by 12.3% year-over-year to $630.2 million.
Net income increased to $117.6 million, with EPS at $0.63.
Trading income, net, decreased to $316.1 million compared to $397.4 million in the same period in 2022.
Adjusted EBITDA decreased 22.7% to $139.5 million.
Virtu Financial
Virtu Financial
Virtu Financial Revenue by Segment
Forward Guidance
This press release contains forward-looking statements, with the cautionary note that actual results could differ materially from those expressed due to various risks and uncertainties.
Challenges Ahead
- Risks relating to the COVID-19 pandemic.
- Fluctuations in trading volume and volatilities in the markets.
- The ability of trading counterparties and clearing houses to perform their obligations.
- The performance and reliability of the customized trading platform.
- Increasing competition and consolidation in the industry.
Revenue & Expenses
Visualization of income flow from segment revenue to net income