Loading...
•
Jun 30, 2021
Virtu Financial Q2 2021 Earnings Report
Virtu Financial's Q2 2021 results reflected a resilient and balanced business model amidst muted market activity, with growth initiatives yielding steady results, particularly in options.
Key Takeaways
Virtu Financial reported a decrease in total revenues by 39.4% to $549.0 million for Q2 2021, primarily due to lower trading volumes in U.S. equities compared to the same period in 2020, which was significantly elevated due to the COVID-19 pandemic. Net income totaled $108.9 million, with diluted earnings per share at $0.50. The company's CEO, Douglas Cifu, highlighted the resilience of their business model and the continued success of growth initiatives, especially in options trading.
Total revenues decreased by 39.4% to $549.0 million due to lower trading volumes in U.S. equities.
Net income was $108.9 million, a decrease from $335.3 million in the prior year quarter.
Diluted earnings per share was $0.50, compared to $1.58 for the same period in 2020.
The Board of Directors declared a quarterly cash dividend of $0.24 per share.