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Jun 30, 2020
Virtu Financial Q2 2020 Earnings Report
Virtu Financial reported solid results in the second quarter of 2020, with strong performance in both Market Making and Execution Services.
Key Takeaways
Virtu Financial reported a significant increase in total revenues, driven by heightened market volatility and trading volumes due to the COVID-19 pandemic. Net income saw a substantial rise compared to the prior year quarter.
Total revenues increased by 141.5% to $905.9 million.
Trading income, net, increased by 261.3% to $744.0 million.
Net income totaled $335.3 million, a significant increase from the prior year's net loss.
Basic earnings per share was $1.59, and diluted earnings per share was $1.58.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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