Earnings summaries and quarterly performance for Virtu Financial.
Executive leadership at Virtu Financial.
Board of directors at Virtu Financial.
CQ
Christopher Quick
Detailed
Director
DU
David Urban
Detailed
Director
JM
Joanne Minieri
Detailed
Director
JN
John Nixon
Detailed
Director
JG
Joseph Grano Jr.
Detailed
Director
MV
Michael Viola
Detailed
Chairman of the Board
VV
Vincent Viola
Detailed
Director
VG
Virginia Gambale
Detailed
Director
WC
William Cruger Jr.
Detailed
Director
Research analysts who have asked questions during Virtu Financial earnings calls.
KW
Kenneth Worthington
JPMorgan Chase & Co.
5 questions for VIRT
Also covers: APO, ARES, BAM +27 more
CA
Christopher Allen
Citigroup
4 questions for VIRT
Also covers: CBOE, CME, ETOR +9 more
Craig Siegenthaler
Bank of America
4 questions for VIRT
Also covers: AB, AMP, AMTD +26 more
PM
Patrick Moley
Piper Sandler & Co.
4 questions for VIRT
Also covers: BGC, CBOE, CME +17 more
Alexander Blostein
Goldman Sachs
3 questions for VIRT
Also covers: AB, AMG, AMP +31 more
DF
Daniel Fannon
Jefferies Financial Group Inc.
3 questions for VIRT
Also covers: AB, AMG, AMTD +27 more
Michael Cyprys
Morgan Stanley
3 questions for VIRT
Also covers: AAMI, AMP, AMTD +30 more
DF
Dan Fannon
Jefferies & Company Inc.
2 questions for VIRT
Also covers: AB, AMG, AMTD +22 more
Chris Allen
Citi
1 question for VIRT
Also covers: CME, MKTX
EA
Eli Abboud
Bank of America
1 question for VIRT
Also covers: BGC, CBOE, CME +2 more
Recent press releases and 8-K filings for VIRT.
Naked Energy Expands into Spain and Portugal
VIRT
New Projects/Investments
Hiring
- Naked Energy, a UK solar thermal energy company, is expanding its operations into Spain and Portugal with a new office in Madrid.
- This expansion follows a £17 million funding round financed by Barclays and E.ON Energy Infrastructure Solutions.
- The company's Virtu solar thermal collectors are highlighted for being up to ten times more efficient than traditional PV panels.
- Luis Guajardo has been appointed as the Business Development Director for Iberia to lead this expansion.
Nov 10, 2025, 1:44 PM
Virtu Financial Reports Q3 2025 Results and Shifts Capital Strategy
VIRT
Earnings
Share Buyback
New Projects/Investments
- Virtu Financial reported Normalized Adjusted EPS of $1.05 and Adjusted Net Trading Income (NTI) per day of $7.4 million for Q3 2025.
- The company achieved Adjusted EBITDA of $268 million with an Adjusted EBITDA Margin of 57% in Q3 2025.
- Virtu is shifting its capital management strategy to accelerate growth by retaining capital in market making and expanding its footprint, and accelerating multi-asset class initiatives for VES. This marks a change from previous years which included significant share buybacks.
- Previously identified growth businesses achieved a record $1.4 million of Adjusted NTI per day in Q3 2025, as the company pursues opportunities in areas like core equity, options, ETF Block, rates, and crypto.
- As of Q3 2025, Virtu's Debt to LTM Adjusted EBITDA stood at 1.7x.
Oct 29, 2025, 12:00 PM
Virtu Financial Reports Q3 2025 Results and Pivots to Growth Strategy
VIRT
Earnings
Management Change
New Projects/Investments
- Virtu Financial reported normalized adjusted EPS of $1.05 and adjusted net trading income (ANTI) of $467 million, or $7.4 million per day, for Q3 2025. Market making ANTI was $344 million (or $5.4 million per day), and Virtu Execution Services (VES) ANTI reached $123 million (or $1.9 million per day), marking its best quarter since early 2021.
- With Aaron Simon taking over as CEO on August 1 , the company is shifting its strategy to an overall focus on growth, aiming to trend towards the higher end of its $6 million to $10 million per day ANTI range as a base case.
- To support this growth, Virtu plans to dial back share repurchases to build its capital base. The firm has already raised and deployed over $500 million of new trading capital in 2025 through retained earnings and debt financing. The long-term plan involves potentially doubling the capital base to double the P&L, with investments targeting areas such as crypto, options, and ETF block trading.
Oct 29, 2025, 12:00 PM
Virtu Financial Reports Q3 2025 Results and Announces Strategic Shift to Growth
VIRT
Earnings
CEO Change
New Projects/Investments
- Virtu Financial reported normalized adjusted EPS of $1.05 and Adjusted Net Trading Income (ANTI) of $467 million, or $7.4 million per day for Q3 2025. Market Making ANTI was $344 million or $5.4 million per day, while Virtu Execution Services (VES) reported $123 million or $1.9 million per day, marking its best quarter since early 2021.
- Aaron Simon took over as CEO on August 1st and announced a strategic pivot towards growing trading results by investing in infrastructure, talent acquisition, and expanding the capital base. The company's goal is to trend towards the higher end of the $6 million-$10 million per day adjusted net trading income range as a base case.
- To support this growth, the company will dial back share repurchases to build capital. In 2025, over $500 million of new trading capital has already been raised through retained earnings and debt financing and immediately deployed. The long-term plan is to potentially double the capital base to significantly grow the P&L.
- Growth opportunities are seen across the firm, particularly in crypto options, ETF block trading, and rates, with strong performance noted in global equities, crypto, currencies, and commodities. The company is also aggressively hiring developers, quants, and traders to support these initiatives.
Oct 29, 2025, 12:00 PM
Virtu Financial, Inc. Announces Third Quarter 2025 Results
VIRT
Earnings
Dividends
Share Buyback
- Virtu Financial, Inc. reported total revenues of $824.8 million for the third quarter ended September 30, 2025, an increase of 16.7% compared to the same period in 2024.
- Net income for the quarter was $149.1 million, with basic and diluted earnings per share of $0.86.
- Normalized Adjusted Net Income reached $166.5 million, resulting in a Normalized Adjusted EPS of $1.05 for the quarter.
- The Board of Directors declared a quarterly cash dividend of $0.24 per share, payable on December 15, 2025, to shareholders of record as of December 1, 2025.
- The company executed share buybacks totaling $20.9 million, or 0.5 million shares, during the third quarter of 2025.
Oct 29, 2025, 11:15 AM
Virtu Financial Announces Third Quarter 2025 Results
VIRT
Earnings
Dividends
Share Buyback
- Virtu Financial reported total revenues of $824.8 million for the third quarter ended September 30, 2025, an increase of 16.7% compared to the same period in 2024.
- Net income for Q3 2025 was $149.1 million, with basic and diluted earnings per share of $0.86. This represents an increase from net income of $119.0 million and basic and diluted EPS of $0.65 in Q3 2024.
- Adjusted EBITDA increased 24.7% to $267.8 million for Q3 2025, up from $214.8 million in Q3 2024.
- The company declared a quarterly cash dividend of $0.24 per share and repurchased $20.9 million worth of shares, or 0.5 million shares, during the quarter.
- As of September 30, 2025, Virtu had $755.4 million in cash, cash equivalents and restricted cash and $2,068.7 million in total long-term debt.
Oct 29, 2025, 11:15 AM
Virtu Financial, Inc. Confirms CEO Appointment and Details New Compensation Package
VIRT
CEO Change
Executive Compensation
Management Change
- Virtu Financial, Inc. entered into a new employment agreement with Aaron Simons on September 30, 2025, confirming his role as Chief Executive Officer effective August 1, 2025.
- Under the new agreement, Mr. Simons' base salary increased to $1,200,000 from $600,000, and his target annual bonus opportunity increased to $3,000,000 from $2,000,000.
- Mr. Simons will also receive a $7,500,000 sign-on bonus and is eligible for an annual equity grant of 150,000 restricted shares or RSUs.
Oct 2, 2025, 8:28 PM
Integral Launches PrimeOne Crypto Prime Broker with Virtu Financial as Client
VIRT
Product Launch
New Projects/Investments
- Integral has launched PrimeOne, described as the world's first stablecoin-based crypto prime broker, offering institutional-grade credit, trading, and settlement on a single integrated platform.
- Virtu Financial is already operating with PrimeOne as a client and liquidity provider.
- Scotte Moegling of Virtu Financial stated that PrimeOne will enable investors to access more competitive pricing with less risk, thereby unlocking significant growth potential for crypto trading on the platform.
- PrimeOne's design aims to reduce risk, cost, and complexity while enhancing liquidity, profitability, and trust in crypto trading.
Sep 30, 2025, 8:48 PM
Integral Launches PrimeOne Crypto Prime Brokerage Service; Virtu Financial is a Client
VIRT
Product Launch
New Projects/Investments
- Integral has launched PrimeOne, the world's first stablecoin-based crypto prime brokerage service, which is already operational with clients including Virtu Financial.
- PrimeOne offers institutional-grade credit, trading, and net settlement services on a single platform, designed to reduce counterparty credit risk through real-time movement of USD stablecoin-based margin.
- Virtu Financial stated that PrimeOne will allow investors to access more competitive prices with less risk, unlocking significant growth potential for crypto trading.
Sep 30, 2025, 6:24 PM
Integral Launches Stablecoin-Based Crypto Prime Broker PrimeOne, Featuring Virtu Financial
VIRT
Product Launch
New Projects/Investments
- Integral has launched PrimeOne, described as the world's first Stablecoin-based Crypto Prime Broker, which is already live with customers and liquidity providers, including Virtu Financial.
- PrimeOne offers institutional credit, trading, and net settlement on a single integrated platform, allowing clients to trade with leading crypto market makers and exchanges via a single account.
- Scotte Moegling of Virtu Financial commented that PrimeOne will enable investors to access more competitive prices with lower risk, unlocking significant growth potential for crypto trading on the platform.
- The platform's on-chain infrastructure ensures clients retain control of their assets and virtually eliminates counterparty default risk through real-time margin movement based on USD-Stablecoins.
Sep 30, 2025, 6:16 PM
Quarterly earnings call transcripts for Virtu Financial.
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