Virtu Financial

Virtu Financial, Inc. engages in the provision of market making and liquidity services. It operates through the following segments: Market Making, Execution Services and Corporate. The Market Making segment engages in the buying and selling of securities and other financial instruments. The Execution Services segment agency offers trading venues that provide transparent trading in global equities, ETFs, and fixed income to institutions, banks and broker dealers. The Corporate segment consists of investments in strategic financial services-oriented opportunities and maintains corporate overhead expenses and all other income and expenses that are not attributable to the other segments. The company was founded by Vincent J. Viola and Douglas Cifu in 2008 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Virtu Financial reports Q4 decline but eyes growth in options and crypto markets

Virtu Financial reported a decline in Q4 2022 trading income but remains optimistic about growth prospects in options and crypto markets. The company's focus on financial prudence, cost control, and scalability underpins its performance and outlook for 2023.
Despite challenges in retail flow and FX valuation swings, Virtu Financial is committed to providing value to retail brokers and expanding its market presence. Management's confidence in becoming a designated market maker and exploring new opportunities reflects a strategic vision for future success.
With a strong emphasis on growth initiatives, cost management, and market competitiveness, Virtu Financial is poised to navigate challenges and capitalize on opportunities in evolving financial markets. The company's progress in options and crypto markets signals a strategic shift towards emerging trends.

Virtu Financial excels in Q1 2023, eyes global expansion

Virtu Financial delivered strong financial results in Q1 2023, driven by solid performance in Market Making and growth initiatives. The company's internalization strategy, diverse business model, and long-term focus are key strengths, while challenges include market uncertainties and regulatory changes.
Opportunities lie in expanding the options business, new initiatives like EDX markets, and investments in product offerings. Virtu Financial's resilience, strategic execution, and commitment to growth position it well for future success amidst evolving market conditions.
Despite challenges and uncertainties, Virtu Financial remains focused on capital discipline and sustained growth, emphasizing opportunities in global expansion and innovative product offerings. The firm's performance in various market segments and strong financial metrics underscore its competitive position and strategic vision.

Virtu Financial excels in Q2 earnings, eyes growth opportunities

Virtu Financial delivered strong financial results in Q2 2023, driven by robust trading net income.
The company's strategic focus on organic growth and diversification bodes well for future performance.
While facing challenges in cost management and market dynamics, Virtu Financial remains well-positioned for growth.

Virtu Financial excels in Q3 earnings, eyes growth opportunities

Virtu Financial's Q3 earnings call highlighted robust financial performance, strategic initiatives, and success across business segments. The company faces challenges in expense management and competitive markets but has opportunities for growth through product expansion and market flexibility.

Virtu Financial excels in Q4 performance, eyes crypto opportunities

Virtu Financial's Q4 performance showcased strength in Market Making and Execution Services, with a focus on organic growth and crypto market opportunities.
The company's financial discipline, commitment to shareholders, and strategic initiatives position it well for future growth and value creation.
Challenges lie in addressing analyst queries, optimizing expenses, and capital structure while seizing opportunities in crypto and Market Making segments.
Virtu Financial's ability to navigate challenges, capitalize on opportunities, and deliver shareholder value will be key to its future success and growth.

Virtu Financial excels in Q1, eyes crypto and options growth

Virtu Financial delivers robust Q1 results driven by strong performance in market making operations. While facing challenges from market volatility and regulatory changes, the company remains focused on capital management and growth opportunities in crypto and options markets.

Virtu Financial excels in Q2 2024, eyes growth opportunities

Virtu Financial delivered a robust performance in Q2 2024, driven by strong results in Virtu Execution Services and Market Making business.
While facing challenges in organic growth and capital return strategies, Virtu remains focused on value creation and shareholder returns.
Strategic opportunities in expanding capabilities, entering new markets, and enhancing offerings position Virtu for future growth and success.

Virtu Financial delivered a strong Q3 performance with robust earnings and solid EBITDA margin, driven by expertise in market making, especially in high-growth segments like crypto options.
While facing challenges in certain business segments and regulatory uncertainties, the company remains focused on growth initiatives and cost management to sustain profitability.
Opportunities for expansion into new markets, client segments, and technology solutions position Virtu Financial for future growth and market leadership in key trading areas.
Overall, Virtu Financial's Q3 earnings call highlighted a balanced outlook with a focus on leveraging strengths, addressing challenges, and capitalizing on growth opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Virtu Financial, Inc. engages in the provision of trading solutions and liquidity services. It operates through the following segments: Market Making, Execution Services and Corporate. The Market Making segment involves the cash, futures, and options markets across global equities, fixed income, currencies, cryptocurrencies, and commodities. The Execution Services segment includes agency-based, execution-only trading, workflow technology, and trading analytics. The Corporate segment consists of investments in financial services-oriented opportunities and maintains corporate overhead expenses and all other income and expenses that are not attributable to the other segments. The company was founded by Vincent J. Viola and Douglas A. Cifu in 2008 and is headquartered in New York, NY.

Virtu Financial has launched a lawsuit against the Securities and Exchange Commission (SEC). The financial services firm said Tuesday (Nov. 29) in a press release that the Freedom of Information Act (FOIA) suit aims to compel the agency to provide information about its rulemaking process and SEC Chair Gary Gensler's interactions with interested parties.

Virtu Financial Launches Freedom of Information Act Suit Against SEC

Virtu Financial Inc took the extraordinary step of suing the U.S. Securities and Exchange Commission, alleging on Tuesday its primary regulator had not responded to a public records request.

Market maker Virtu sues U.S. SEC over records request

Market maker Virtu Financial Inc. VIRT, -0.63% said Tuesday it has launched a Freedom of Information Act (FOIA) lawsuit against its own regulator, the Securities and Exchange Commission, over the latter's failure to provide information about its rulemaking process and interactions of the chair with interested parties. Virtu said the suit was filed in the U.S. District Court of the Southern District of New York and that it's being represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Virtu Financial launches FOIA lawsuit against SEC for failing to provide data on rulemaking process

NEW YORK, Nov. 29, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) announced that it took the extraordinary step of commencing a Freedom of Information Act (FOIA) lawsuit today to compel the Securities and Exchange Commission to comply with its statutory obligations to provide information about its rulemaking process and the interactions of the Chair of the SEC with interested parties. The action was filed in the U.S. District Court of the Southern District of New York. Virtu is represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Virtu Financial Announces Commencement of Lawsuit Against the Securities and Exchange Commission to Compel Compliance with Freedom of Information Act Request

Algonquin Power & Utilities

Algonquin Power and Utilities Units

Given the significant macroeconomic and geopolitical uncertainty, there are numerous cyclical stocks on sale. However, there are actually a few deeply discounted stocks that could benefit from a recession.

2 Black Friday Bargains That Could Double In The Next Recession

NEW YORK, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, is pleased to announce its recent Women in Finance award winners and nominees: Meghan Holleran, Julie Merriman, Mary Mooney, Raya White, Youran Wu, and Yiyang Yang. The annual Women in Finance awards recognize women who make significant contributions to the financial industry through their entrepreneurial spirit and leadership.

Virtu Financial Congratulates Women in Finance Award Recipients and Nominees

Virtu Financial (VIRT) is likely to make share repurchases worth $17 million in the fourth quarter.

Virtu Financial (VIRT) Rises 4.2% Since Q3 Earnings Beat

NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT) a leading provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, is pleased to announce its recent Women in Finance award winners, Emily Hengeveld, for Excellence in Legal and Compliance Award (Asia) and Melissa Ellis, for Excellence in Trading Platforms Award (Europe). The prestigious awards recognize women who have made a significant contribution to the financial industry with their entrepreneurial spirit and leadership.

Virtu Financial Congratulates Women in Finance Award Recipients Emily Hengeveld and Melissa Ellis

Virtu Financial, Inc. (NASDAQ:VIRT ) Q3 2022 Results Conference Call November 3, 2022 7:30 AM ET Company Participants Andrew Smith - Head, Investor Relations Douglas Cifu - Chief Executive Officer Joseph Molluso - Co-President and Co-Chief Operating Officer Sean Galvin - Chief Financial Officer Cindy Lee - Deputy Chief Financial Officer Conference Call Participants Rich Repetto - Piper Sandler Chris Allen - Citi Ken Worthington - JPMorgan Daniel Fannon - Jefferies Alex Blostein - Goldman Sachs Operator Good morning, and thank you for joining the Virtu Financial 2022 Third Quarter Results. [Operator Instructions] Please note that this conference call is being recorded and will be available on the company's website for replay shortly.

Virtu Financial, Inc. (VIRT) Q3 2022 Earnings Call Transcript

Virtu Financial (VIRT) delivered earnings and revenue surprises of 12.96% and 7.78%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Virtu Financial (VIRT) Q3 Earnings and Revenues Beat Estimates

NEW YORK, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the third quarter ended September 30, 2022.

Virtu Announces Third Quarter 2022 Results

Robinhood

Charles Schwab

The U.S. Securities and Exchange Commission's planned overhaul of stock-trading rules seeks to ensure that small investors get better prices when buying or selling stocks.

SEC favors midpoint prices on investor stock trades in rules overhaul

Virtu Financial (VIRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Virtu Financial (VIRT) Q3 Earnings Expected to Decline

NEW YORK, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity, execution services and analytics and connectivity products is pleased to announce that Virtu's Triton EMS took the top ranking position for the third consecutive year in The TRADE's global 2022 Execution Management Systems Survey1 .

Virtu's Triton Execution Management System Earns Top Ranking for the Third Consecutive Year in The TRADE's Global 2022 EMS Survey

Regulators' recent announcement has shareholders breathing a sigh of relief.

This Dividend Stock Just Got Good News: Should You Buy the Dip?

NEW YORK, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, will announce its results for the third quarter 2022 on Thursday, November 3, 2022, before the US market open.

Virtu Financial to Host Conference Call Announcing Third Quarter 2022 Results on Thursday, November 3, 2022

NEW YORK, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), is a leading provider of financial services and products that leverages cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, is pleased to congratulate Cindy Lee, Virtu's Deputy Chief Financial Officer, on her Women in Derivatives 2022 Trail Blazer award.

Virtu Financial Congratulates Cindy Lee, Recipient of the Trail Blazer Award at Women in Derivatives, 2022

NEW YORK, Sept. 26, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverage cutting-edge technology to deliver innovative, transparent trading solutions to our clients and liquidity to the global markets, today announced that Douglas A. Cifu, CEO and Co-founder, Virtu Financial, will participate in a fireside chat at Rosenblatt Securities' 15th Annual Global Exchange Leader Conference in New York City on 29 September 2022. The fireside chat will be hosted by Andrew Bond, Managing Director at Rosenblatt Securities and is scheduled for Thursday 29 September 2022 at 10:20 AM (EDT).

Virtu Financial CEO and Co-Founder to Speak at Rosenblatt Securities' 15th Annual Global Exchange Leader Conference in New York City on 29 September 2022

Virtu is one of the largest market making firms in the marketplace. Market making can often benefit during volatile markets, as bid/ask spreads are wider.

Virtu Financial: Benefits From Market Volatility

Shares of Robinhood surged Thursday following a report from Bloomberg that the U.S. Securities and Exchange Commission will refrain from banning payment for order flow.

Virtu stock rallies after report SEC won't ban payment for order flow

Shares of retail brokerage Robinhood Markets Inc and market maker Virtu Financial jumped in early trading following a media report that the U.S. Securities and Exchange Commission (SEC) will stop short of banning payment-for-order-flow (PFOF).

Brokerages jump on report SEC stops short of banning PFOF deals

Virtu Financial (VIRT) has around $432.2 million remaining under its share buyback authorization for the future purchase of the shares of Class A Common Stock and Virtu Financial Units.

Virtu Financial (VIRT) Up 2.1% Despite Q2 Earnings Miss

Virtu Financial, Inc. (NASDAQ:VIRT ) Q2 2022 Earnings Conference Call July 28, 2022 7:30 AM ET Company Participants Andrew Smith - Head, Investor Relations Douglas Cifu - Chief Executive Officer Cindy Lee - Deputy Chief Financial Officer Conference Call Participants Rich Repetto - Piper Sandler Dan Fannon - Jefferies Alex Kramm - UBS Michael Cyprys - Morgan Stanley Paul Gulberg - Bloomberg Intelligence Operator Hello. And welcome to the Virtu Financial 2022 Second Quarter Results Call.

Virtu Financial, Inc.'s (VIRT) CEO Douglas Cifu on Q2 2022 Results - Earnings Call Transcript

NEW YORK, July 28, 2022 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of financial services and products that leverages cutting edge technology to deliver innovative, transparent trading solutions to its clients and liquidity to the global markets, today reported results for the second quarter ended June 30, 2022.

Virtu Announces Second Quarter 2022 Results

Realty Income Corp

Simplify Volatility Premium ETF

Whirlpool

Inflation and macro trends are concerning and should impact the investment process. I discuss four very different picks which each have sustainable and high yields: O, WHR, SVOL, and VIRT.

News for Virtu Financial Stock (VIRT)