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, a financial services firm, has seen insider buying in September and is trading at long-term technical support levels. Analysts have mixed ratings and price targets for the stock, with some maintaining a hold rating and others upgrading it to a buy. The stock has a reasonable valuation and an over 5.5% dividend yield.

Virtu Financial: Another Look

NEW YORK and PARIS, Oct. 02, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, is pleased to announce that Groupama Asset Management, the asset manager arm of the large French insurance and financial services firm, has expanded its use of Virtu's award-winning Triton Valor EMS to trade fixed income.

Groupama AM Expands Use of Virtu's Triton Valor EMS to Trade Fixed Income

NEW YORK, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, announces today that its Head of EMEA HR and Recruiting, Sue Flood, has won the 2023 European Women in Finance Award for Excellence in Human Resources and Talent Management.

Virtu Financial Congratulates Sue Flood, Recipient of Excellence in Human Resources and Talent Management at the 2023 European Women in Finance Awards

NEW YORK, Sept. 27, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (Nasdaq:VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, will announce its results for the third quarter 2023 on Thursday, November 2, 2023, before the US market open.

Virtu Financial to Host Conference Call Announcing Third Quarter 2023 Results on Thursday, November 2, 2023

Virtu Financial (VIRT) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in Virtu Financial (VIRT): Can Its 6.2% Jump Turn into More Strength?

The SEC sued market maker Virtu, alleging it misled customers about how it safeguarded their trading data. Virtu denied the charges, and two top executives scooped up stock.

Virtu Stock Slid on News of SEC Suit. The CEO Bought Up Shares.

The Securities and Exchange Commission on Tuesday said it sued financial firm Virtu Financial Inc., accusing the market maker and trading-execution company of leaving customer trading data vulnerable to misuse, misleading customers on its data protections and taking in commissions regardless.

SEC sues Virtu Financial, accusing it of leaving consumer data vulnerable

Regulator says Virtu misled customers about the walls between prop trading and order-execution roles.

SEC Sues Market-Maker Virtu, Alleging Leakage of Customer Information

NEW YORK, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, today provided supplemental information regarding a previously disclosed SEC enforcement matter.

Virtu Financial Provides an Update on Ongoing SEC Matter

Washington, D.C.--(Newsfile Corp. - September 12, 2023) - The Securities and Exchange Commission today filed charges against broker-dealer Virtu Americas LLC and its parent company, Virtu Financial Inc. (collectively, Virtu), for making materially false and misleading statements and omissions regarding information barriers to prevent the misuse of sensitive customer information.

SEC Charges Virtu for False and Misleading Disclosures Relating to Information Barriers

Virtu Financial (VIRT) collaborates with Sumitomo Mitsui Trust Asset Management to integrate its investment suite to improve workflows.

Virtu Financial (VIRT) & SMTAM Unite to Improve Trading Workflow

NEW YORK, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading provider of global, multi-asset financial services that delivers liquidity and innovative, transparent products across the complete investment cycle to the global markets, today announced that Sumitomo Mitsui Trust Asset Management (SMTAM), one of the largest asset managers in Asia, has successfully deployed Virtu's Triton Valor execution management system (EMS), Trading Analytics, POSIT Alert, and global equity execution algorithms.

Sumitomo Mitsui Trust Asset Management Selects Virtu Financial for Global Execution, Workflow, and Analytics

Virtu Financial (VIRT) reported earnings 30 days ago. What's next for the stock?

Virtu Financial (VIRT) Up 1.1% Since Last Earnings Report: Can It Continue?

Virtu Financial (VIRT) partners with InvestorLink to improve retail customers access to primary capital markets.

Virtu Financial (VIRT) Partners to Improve Primary Market Access

NEW YORK, Aug. 10, 2023 (GLOBE NEWSWIRE) -- Virtu Financial, Inc. (NASDAQ: VIRT), a leading global provider of financial services, market making and technology solutions, and InvestorLink, a primary market workflow technology provider, are thrilled to announce a strategic alliance aimed at enhancing retail investor connectivity to the primary markets.

Virtu Financial and InvestorLink Announce Strategic Alliance to Provide Global Retail Access to Primary Markets

Virtu Financial's (VIRT) Q2 results are affected by lower pan-European volumes and declining bid offer spreads.

Virtu Financial (VIRT) Q2 Earnings Miss on Lower Volumes

Virtu Financial, Inc. (NASDAQ:VIRT ) Q2 2023 Earnings Conference Call July 26, 2023 8:00 AM ET Company Participants Andrew Smith - Head, IR Douglas Cifu - CEO Joseph Molluso - Co-President and Co-COO Cindy Lee - Deputy CFO Conference Call Participants Daniel Fannon - Jefferies Ken Worthington - JPMorgan Chris Allen - Citi Michael Cyprys - Morgan Stanley Patrick Moley - Piper Sandler Alex Blostein - Goldman Sachs Operator Hello and welcome to the Virtu Financial 2023 Quarterly Results Conference Call. My name is Harry and I'll be your operator today.

Virtu Financial, Inc. (VIRT) Q2 2023 Earnings Call Transcript

Virtu Financial (VIRT) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.73 per share a year ago.

Virtu Financial (VIRT) Q2 Earnings and Revenues Lag Estimates

NEW YORK, July 26, 2023 (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, 2023.

Virtu Announces Second Quarter 2023 Results

PHILADELPHIA , July 25, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Virtu Financial, Inc. (NASDAQ: VIRT) ("Virtu") on behalf of the company's long-term investors. Recently a securities fraud complaint was filed against Virtu on behalf of certain investors who purchased shares of the company's stock between March 1, 2019 and April 28, 2023 (inclusive).

SHAREHOLDER ALERT: Kaskela Law LLC Announces Stockholder Investigation of Virtu Financial, Inc. (VIRT) and Encourages Long-Term VIRT Investors to Contact the Firm

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Virtu Financial, Inc., (NASDAQ: VIRT) between March 1, 2019 and April 28, 2023, both dates inclusive (the “Class Period”) of the important July 18, 2023 lead plaintiff deadline. SO WHAT: If you purchased Virtu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO D.

VIRT FINAL DEADLINE TODAY: ROSEN, A RANKED AND LEADING FIRM, Encourages Virtu Financial, Inc. Investors with Losses to Secure Counsel Before Important July 18 Deadline in Securities Class Action – VIRT

LOS ANGELES, CA / ACCESSWIRE / July 18, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Virtu Financial, Inc. ("Virtu" or "the Company") (NASDAQ:VIRT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 1, 2019 and April 28, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before July 18, 2023.

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Virtu Financial, Inc. with Losses to Contact the Firm

NEW YORK , July 18, 2023 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Virtu Financial, Inc. (NASDAQ: VIRT) alleging that the Company violated federal securities laws. Class Period: March 1, 2019 to April 28, 2023 Lead Plaintiff Deadline: July 18, 2023 No obligation or cost to you.

VIRT ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of July 18, 2023 in the Class Action Filed on Behalf of Virtu Financial, Inc. Shareholders

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming July 18, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Virtu Financial, Inc. (“Virtu” or the “Company”) (NASDAQ: VIRT) securities between March 1, 2019 and April 28, 2023, inclusive (the “Class Period”). If you are a shareholder who suffered a loss, click here to participate. On February 17, 2023, after the market closed, Virtu published.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Virtu Financial, Inc. (VIRT)

LOS ANGELES, CA / ACCESSWIRE / July 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Virtu Financial, Inc. ("Virtu" or "the Company") (NASDAQ:VIRT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 1, 2019 and April 28, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before July 18, 2023.

News for Virtu Financial Stock (VIRT)