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Dec 31, 2022
Virtu Financial Q4 2022 Earnings Report
Announced fourth quarter 2022 results, revealing a decrease in total revenues and net income compared to the same period in 2021.
Key Takeaways
Virtu Financial reported a decrease in total revenues to $497.8 million for the fourth quarter of 2022, a 29.5% decrease compared to $705.6 million for the same period in 2021. Net income totaled $39.6 million, compared to $186.0 million in the prior year quarter. Earnings per share were $0.27, compared to $0.90 in the same period last year.
Total revenues decreased by 29.5% to $497.8 million compared to the same period in 2021.
Trading income, net, decreased to $313.3 million, compared to $513.4 million for the same period in 2021.
Net income totaled $39.6 million, compared to $186.0 million in the prior year quarter.
Basic and diluted earnings per share were $0.27, compared to $0.90 for the same period in 2021.