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Mar 31, 2022
Virtu Financial Q1 2022 Earnings Report
Virtu Financial reported a decrease in total revenues due to lower trading volumes in U.S. equities.
Key Takeaways
Virtu Financial's first quarter 2022 results showed a decrease in total revenues, trading income, and net income compared to the same period in 2021, driven by lower trading volumes in U.S. equities. The company declared a quarterly cash dividend of $0.24 per share.
Total revenues decreased by 30.7% to $701.3 million.
Trading income, net, decreased by 35.7% to $522.3 million.
Net income totaled $199.9 million.
Basic and diluted earnings per share were $0.99 and $0.98, respectively.
Virtu Financial
Virtu Financial
Forward Guidance
The press release contains forward-looking statements subject to risks and uncertainties.
Challenges Ahead
- Risks relating to the COVID-19 pandemic
- Fluctuations in trading volume and volatilities in the markets in which we operate
- The ability of our trading counterparties and various clearing houses to perform their obligations to us
- The performance and reliability of our customized trading platform
- The risk of material trading losses from our market making activities