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Dec 31, 2020

Virtu Financial Q4 2020 Earnings Report

Delivered exceptional performance globally, driven by heightened volatility and strategic execution.

Key Takeaways

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.

Total revenues increased 69.3% to $676.7 million.

Trading income, net, increased 121.0% to $505.5 million.

Net income totaled $197.7 million.

The Board of Directors authorized an additional $70 million share repurchase program.

Total Revenue
$677M
Previous year: $403M
+67.8%
EPS
$1.18
Previous year: $0.27
+337.0%
Gross Profit
$628M
Previous year: $304M
+106.7%
Cash and Equivalents
$1.01B
Previous year: $773M
+30.2%
Free Cash Flow
$570M
Previous year: $523M
+9.1%
Total Assets
$9.97B
Previous year: $9.61B
+3.7%

Virtu Financial

Virtu Financial

Virtu Financial Revenue by Segment

Forward Guidance

Virtu Financial is entering the next chapter of growth in 2021 stronger than ever with a clear trajectory that includes an optimized expense base and reduced levels of debt.