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Dec 31, 2023

Virtu Financial Q4 2023 Earnings Report

Virtu Financial reported mixed results with increased total revenues but decreased trading income and net income compared to the same quarter in the previous year.

Key Takeaways

Virtu Financial's Q4 2023 results showed a 7.7% increase in total revenues to $536.0 million, but a 14.9% decrease in trading income, net, to $266.6 million. Net income decreased to $6.7 million, with earnings per share at $0.05. The company executed $44.0 million in share buybacks during the quarter.

Total revenues increased by 7.7% to $536.0 million.

Trading income, net, decreased by 14.9% to $266.6 million.

Net income totaled $6.7 million, a decrease from the prior year quarter.

The company repurchased $44.0 million of shares under the Share Repurchase Program.

Total Revenue
$261M
Previous year: $274M
-4.8%
EPS
$0.27
Previous year: $0.37
-27.0%
Adjusted EBITDA Margin
37.9%
Gross Profit
$352M
Previous year: $396M
-11.0%
Cash and Equivalents
$820M
Previous year: $1.04B
-21.0%
Free Cash Flow
$335M
Previous year: $407M
-17.9%
Total Assets
$14.5B
Previous year: $10.6B
+36.7%

Virtu Financial

Virtu Financial

Virtu Financial Revenue by Segment

Forward Guidance

The press release does not contain any forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income