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Sep 30, 2024

Virtu Financial Q3 2024 Earnings Report

Virtu Financial reported an increase in total revenues and trading income for the third quarter of 2024.

Key Takeaways

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.

Net income was $119.0 million; Normalized Adjusted Net Income was $132.1 million.

Basic and diluted earnings per share were $0.65 and $0.64, respectively; Normalized Adjusted EPS was $0.82.

Total revenues reached $706.8 million; Trading income, net, was $444.0 million; Net income Margin was 16.8%.

Adjusted EBITDA was $214.8 million; Adjusted EBITDA Margin was 55.4%.

Total Revenue
$388M
Previous year: $298M
+30.2%
EPS
$0.82
Previous year: $0.45
+82.2%
Adjusted EBITDA Margin
55.4%
Previous year: 46.8%
+18.4%
Gross Profit
$422M
Previous year: $469M
-10.0%
Cash and Equivalents
$3B
Previous year: $689M
+336.0%
Free Cash Flow
$234M
Previous year: $168M
+39.3%
Total Assets
$14.4B
Previous year: $17.6B
-18.3%

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